Tudor Investment Corp ET AL Buys New Holdings in SEI Investments Company $SEIC

Tudor Investment Corp ET AL bought a new stake in SEI Investments Company (NASDAQ:SEIC) during the third quarter, Holdings Channel reports. The fund bought 56,699 shares of the asset manager’s stock, valued at approximately $4,811,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SEIC. Root Financial Partners LLC acquired a new position in shares of SEI Investments during the third quarter worth about $28,000. SJS Investment Consulting Inc. lifted its stake in shares of SEI Investments by 142.9% during the third quarter. SJS Investment Consulting Inc. now owns 357 shares of the asset manager’s stock worth $30,000 after purchasing an additional 210 shares in the last quarter. CoreFirst Bank & Trust acquired a new position in shares of SEI Investments during the second quarter worth about $34,000. Community Bank N.A. acquired a new position in shares of SEI Investments during the third quarter worth about $35,000. Finally, Allworth Financial LP lifted its stake in shares of SEI Investments by 44.0% during the third quarter. Allworth Financial LP now owns 432 shares of the asset manager’s stock worth $37,000 after purchasing an additional 132 shares in the last quarter. Institutional investors and hedge funds own 70.59% of the company’s stock.

SEI Investments Stock Up 3.6%

Shares of NASDAQ SEIC opened at $77.85 on Thursday. SEI Investments Company has a 1 year low of $65.68 and a 1 year high of $93.96. The firm has a market cap of $9.52 billion, a price-to-earnings ratio of 13.83 and a beta of 0.94. The company has a debt-to-equity ratio of 0.04, a quick ratio of 3.20 and a current ratio of 3.29. The stock’s 50-day simple moving average is $80.35 and its 200-day simple moving average is $82.24.

SEI Investments (NASDAQ:SEIC) last announced its earnings results on Wednesday, January 28th. The asset manager reported $1.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.34 by ($0.04). SEI Investments had a return on equity of 30.26% and a net margin of 31.14%.The business had revenue of $607.93 million for the quarter, compared to analysts’ expectations of $596.97 million. During the same period in the previous year, the firm posted $1.19 earnings per share. The firm’s revenue was up 9.1% compared to the same quarter last year. As a group, equities analysts anticipate that SEI Investments Company will post 4.86 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on SEIC shares. UBS Group started coverage on SEI Investments in a research note on Wednesday, February 4th. They set a “buy” rating and a $115.00 price objective on the stock. Piper Sandler reduced their price objective on SEI Investments from $106.00 to $99.00 and set an “overweight” rating on the stock in a research note on Tuesday. Raymond James Financial restated an “outperform” rating and set a $117.00 price objective on shares of SEI Investments in a research note on Monday, January 5th. Weiss Ratings restated a “buy (b)” rating on shares of SEI Investments in a research note on Thursday, January 22nd. Finally, Morgan Stanley reduced their price objective on SEI Investments from $119.00 to $108.00 and set an “overweight” rating on the stock in a research note on Thursday, April 2nd. Seven investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $105.83.

Insider Transactions at SEI Investments

In other news, Chairman Alfred P. West, Jr. sold 7,447 shares of SEI Investments stock in a transaction dated Wednesday, March 11th. The stock was sold at an average price of $79.26, for a total transaction of $590,249.22. Following the sale, the chairman directly owned 6,875,783 shares of the company’s stock, valued at approximately $544,974,560.58. The trade was a 0.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Mark Andrew Warner sold 4,000 shares of SEI Investments stock in a transaction dated Wednesday, February 25th. The stock was sold at an average price of $81.74, for a total value of $326,960.00. Following the sale, the insider directly owned 921 shares in the company, valued at approximately $75,282.54. The trade was a 81.28% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 146,447 shares of company stock valued at $12,318,659. 14.60% of the stock is currently owned by insiders.

SEI Investments Company Profile

SEI Investments Company is a global provider of asset management, investment processing, and investment operations solutions. The firm offers a range of services designed to help financial institutions, private banks, wealth managers and family offices streamline back-office functions and enhance front-office capabilities. SEI’s technology platforms support various stages of the investment lifecycle, including trade execution, performance reporting, risk analytics and client communications.

The company’s core offerings include outsourced fund administration, custody and trust services, managed account solutions, and wealth management technology.