Desjardins Global Asset Management Inc. Sells 24,196 Shares of SEI Investments (NASDAQ:SEIC)

Desjardins Global Asset Management Inc. decreased its holdings in shares of SEI Investments (NASDAQ:SEIC) by 88.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,050 shares of the asset manager’s stock after selling 24,196 shares during the quarter. Desjardins Global Asset Management Inc.’s holdings in SEI Investments were worth $194,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Bison Wealth LLC bought a new stake in SEI Investments during the 4th quarter valued at $210,000. Cullen Investment Group LTD. bought a new stake in SEI Investments during the 4th quarter valued at $300,000. Vontobel Holding Ltd. raised its holdings in SEI Investments by 15.3% during the 4th quarter. Vontobel Holding Ltd. now owns 97,480 shares of the asset manager’s stock valued at $6,195,000 after acquiring an additional 12,940 shares during the period. Lecap Asset Management Ltd. bought a new stake in SEI Investments during the 4th quarter valued at $597,000. Finally, Louisiana State Employees Retirement System bought a new stake in SEI Investments during the 4th quarter valued at $1,786,000. Institutional investors own 70.59% of the company’s stock.

SEI Investments Price Performance

SEIC opened at $66.01 on Friday. SEI Investments has a one year low of $52.19 and a one year high of $72.54. The company has a fifty day moving average price of $68.53 and a 200-day moving average price of $63.06. The firm has a market capitalization of $8.68 billion, a P/E ratio of 19.08, a price-to-earnings-growth ratio of 1.35 and a beta of 1.02.

SEI Investments (NASDAQ:SEIC) last announced its earnings results on Wednesday, January 31st. The asset manager reported $0.91 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.91. SEI Investments had a net margin of 24.08% and a return on equity of 22.40%. The company had revenue of $484.86 million during the quarter, compared to analyst estimates of $481.39 million. During the same period in the previous year, the business earned $0.83 earnings per share. On average, analysts expect that SEI Investments will post 4.08 earnings per share for the current year.

Analyst Ratings Changes

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

Insider Buying and Selling

In related news, EVP Wayne Withrow sold 16,970 shares of the company’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $66.16, for a total value of $1,122,735.20. Following the completion of the transaction, the executive vice president now directly owns 55,399 shares in the company, valued at $3,665,197.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other SEI Investments news, insider Sanjay Sharma sold 15,000 shares of the business’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $67.20, for a total value of $1,008,000.00. Following the completion of the sale, the insider now directly owns 16,895 shares of the company’s stock, valued at $1,135,344. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Wayne Withrow sold 16,970 shares of the business’s stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $66.16, for a total transaction of $1,122,735.20. Following the completion of the sale, the executive vice president now directly owns 55,399 shares of the company’s stock, valued at $3,665,197.84. The disclosure for this sale can be found here. Over the last ninety days, insiders 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.