Third View Private Wealth LLC Purchases Shares of 34,229 SEI Investments Company $SEIC

Third View Private Wealth LLC purchased a new stake in shares of SEI Investments Company (NASDAQ:SEIC) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 34,229 shares of the asset manager’s stock, valued at approximately $2,807,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. raised its position in SEI Investments by 0.3% during the 3rd quarter. Vanguard Group Inc. now owns 11,260,591 shares of the asset manager’s stock valued at $955,461,000 after purchasing an additional 30,970 shares during the last quarter. Bank of America Corp DE raised its position in SEI Investments by 4.4% during the 2nd quarter. Bank of America Corp DE now owns 3,160,636 shares of the asset manager’s stock valued at $284,015,000 after purchasing an additional 133,057 shares during the last quarter. Dimensional Fund Advisors LP raised its position in SEI Investments by 1.7% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,863,052 shares of the asset manager’s stock valued at $158,084,000 after purchasing an additional 31,953 shares during the last quarter. Invesco Ltd. raised its position in SEI Investments by 4.1% during the 3rd quarter. Invesco Ltd. now owns 1,731,523 shares of the asset manager’s stock valued at $146,920,000 after purchasing an additional 68,873 shares during the last quarter. Finally, Caisse de depot et placement du Quebec raised its position in SEI Investments by 31.0% during the 3rd quarter. Caisse de depot et placement du Quebec now owns 1,343,757 shares of the asset manager’s stock valued at $114,018,000 after purchasing an additional 317,703 shares during the last quarter. Institutional investors own 70.59% of the company’s stock.

SEI Investments Stock Up 2.4%

Shares of NASDAQ:SEIC opened at $78.80 on Tuesday. SEI Investments Company has a 52-week low of $69.04 and a 52-week high of $93.96. The firm has a market capitalization of $9.63 billion, a P/E ratio of 14.00 and a beta of 0.94. The stock has a 50 day moving average price of $79.72 and a 200-day moving average price of $82.03. The company has a debt-to-equity ratio of 0.04, a quick ratio of 3.20 and a current ratio of 3.29.

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 the consensus estimate of $1.34 by ($0.04). SEI Investments had a return on equity of 30.26% and a net margin of 31.14%.The firm had revenue of $607.93 million during the quarter, compared to the consensus estimate of $596.97 million. During the same period in the prior year, the company posted $1.19 EPS. The firm’s revenue was up 9.1% on a year-over-year basis. As a group, equities research analysts anticipate that SEI Investments Company will post 4.86 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Piper Sandler lowered their price target on SEI Investments from $106.00 to $99.00 and set an “overweight” rating for the company in a research report on Tuesday, April 7th. UBS Group assumed coverage on SEI Investments in a research report on Wednesday, February 4th. They issued a “buy” rating and a $115.00 target price for the company. Weiss Ratings reissued a “buy (b)” rating on shares of SEI Investments in a research report on Thursday, January 22nd. Morgan Stanley decreased their target price on SEI Investments from $119.00 to $108.00 and set an “overweight” rating for the company in a research report on Thursday, April 2nd. Finally, Keefe, Bruyette & Woods decreased their target price on SEI Investments from $107.00 to $95.00 and set an “outperform” rating for the company in a research report on Wednesday, April 8th. Seven investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $105.83.

Insider Buying and Selling

In related news, insider Mark Andrew Warner sold 4,000 shares of the company’s stock in a transaction that occurred on 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 owned 921 shares in the company, valued at $75,282.54. This represents a 81.28% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Ryan Hicke sold 80,000 shares of the company’s stock in a transaction that occurred on Thursday, January 29th. The stock was sold at an average price of $87.36, for a total value of $6,988,800.00. Following the completion of the sale, the chief executive officer owned 197,164 shares in the company, valued at $17,224,247.04. The trade was a 28.86% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 146,447 shares of company stock worth $12,318,659 in the last 90 days. Insiders own 14.30% of the company’s stock.

SEI Investments 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.