SEI Investments (NASDAQ:SEIC) Shares Sold by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale lessened its position in shares of SEI Investments (NASDAQ:SEIC) by 27.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 6,119 shares of the asset manager’s stock after selling 2,306 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in SEI Investments were worth $389,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in SEIC. American Century Companies Inc. raised its position in shares of SEI Investments by 19.8% during the 1st quarter. American Century Companies Inc. now owns 22,215 shares of the asset manager’s stock valued at $1,337,000 after buying an additional 3,666 shares during the period. Private Advisor Group LLC raised its position in shares of SEI Investments by 15.3% during the 1st quarter. Private Advisor Group LLC now owns 4,811 shares of the asset manager’s stock valued at $290,000 after buying an additional 639 shares during the period. Bank of Montreal Can raised its position in shares of SEI Investments by 18.5% during the 1st quarter. Bank of Montreal Can now owns 100,910 shares of the asset manager’s stock valued at $6,230,000 after buying an additional 15,773 shares during the period. Panagora Asset Management Inc. raised its position in shares of SEI Investments by 11.3% during the 1st quarter. Panagora Asset Management Inc. now owns 19,113 shares of the asset manager’s stock valued at $1,151,000 after buying an additional 1,943 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of SEI Investments by 9.7% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 38,563 shares of the asset manager’s stock valued at $2,322,000 after buying an additional 3,424 shares during the period. Hedge funds and other institutional investors own 70.59% of the company’s stock.

Wall Street Analysts Forecast Growth

SEIC has been the topic of a number of research analyst reports. StockNews.com raised SEI Investments from a “hold” rating to a “buy” rating in a research report on Saturday, March 2nd. Piper Sandler boosted their target price on SEI Investments from $66.00 to $72.00 and gave the company a “neutral” rating in a research report on Wednesday, April 10th. Finally, Oppenheimer boosted their target price on SEI Investments from $77.00 to $80.00 and gave the company an “outperform” rating in a research report on Tuesday, April 9th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $70.25.

SEI Investments Stock Down 0.8 %

Shares of NASDAQ SEIC opened at $66.97 on Tuesday. The firm has a market cap of $8.80 billion, a price-to-earnings ratio of 19.36, a PEG ratio of 1.38 and a beta of 1.02. SEI Investments has a 52-week low of $52.19 and a 52-week high of $72.54. The business’s 50 day moving average is $68.52 and its two-hundred day moving average is $62.97.

SEI Investments (NASDAQ:SEIC) last announced its quarterly earnings data on Wednesday, January 31st. The asset manager reported $0.91 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.91. The business had revenue of $484.86 million for the quarter, compared to analysts’ expectations of $481.39 million. SEI Investments had a return on equity of 22.40% and a net margin of 24.08%. During the same period last year, the firm earned $0.83 earnings per share. Analysts anticipate that SEI Investments will post 4.08 EPS for the current fiscal year.

Insider Activity

In other news, EVP Paul Klauder sold 2,000 shares of the stock in a transaction on Friday, March 8th. The stock was sold at an average price of $69.80, for a total value of $139,600.00. Following the sale, the executive vice president now directly owns 20,752 shares in the company, valued at $1,448,489.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, EVP Paul Klauder sold 2,000 shares of the stock in a transaction on Friday, March 8th. The stock was sold at an average price of $69.80, for a total value of $139,600.00. Following the transaction, the executive vice president now owns 20,752 shares of the company’s stock, valued at $1,448,489.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Alfred P. West, Jr. sold 150,000 shares of the stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $70.75, for a total value of $10,612,500.00. Following the completion of the transaction, the chairman now directly owns 7,884,834 shares in the company, valued at approximately $557,852,005.50. The disclosure for this sale can be found here. Over the last three months, insiders have sold 206,333 shares of company stock worth $14,481,612. Corporate insiders own 15.50% of the company’s stock.

SEI Investments Company Profile

SEI Investments Company is a publicly owned asset management holding company. Through its subsidiaries, the firm provides wealth management, retirement and investment solutions, asset management, asset administration, investment processing outsourcing solutions, financial services, and investment advisory services to its clients.