SEI Investments (NASDAQ:SEIC) Chairman Sells $2,935,939.60 in Stock

SEI Investments Company (NASDAQ:SEIC) Chairman Alfred West, Jr. sold 28,394 shares of the stock in a transaction on Tuesday, September 29th. The shares were sold at an average price of $103.40, for a total value of $2,935,939.60. Following the sale, the chairman directly owned 6,790,057 shares in the company, valued at $702,091,893.80. This trade represents a 0.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

SEI Investments Price Performance

SEIC opened at $102.43 on Friday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 4.96 and a current ratio of 5.06. The stock has a market capitalization of $12.29 billion, a P/E ratio of 18.07 and a beta of 0.97. The company’s 50-day simple moving average is $106.31 and its two-hundred day simple moving average is $94.13. SEI Investments Company has a 52-week low of $75.08 and a 52-week high of $112.15.

SEI Investments (NASDAQ:SEIC) last announced its quarterly earnings results on Wednesday, July 22nd. The asset manager reported $1.66 EPS for the quarter, topping analysts’ consensus estimates of $1.44 by $0.22. The firm had revenue of $641.62 million during the quarter, compared to analyst estimates of $636.35 million. SEI Investments had a net margin of 28.85% and a return on equity of 29.16%. The business’s revenue for the quarter was up 14.7% on a year-over-year basis. During the same period in the previous year, the business posted $1.78 earnings per share. As a group, analysts predict that SEI Investments Company will post 6.21 EPS for the current year.

Hedge Funds Weigh In On SEI Investments

Hedge funds and other institutional investors have recently modified their holdings of the stock. QRG Capital Management Inc. grew its stake in SEI Investments by 14.7% during the second quarter. QRG Capital Management Inc. now owns 4,450 shares of the asset manager’s stock valued at $390,000 after acquiring an additional 570 shares in the last quarter. Envestnet Portfolio Solutions Inc. increased its holdings in shares of SEI Investments by 3.2% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 20,242 shares of the asset manager’s stock worth $1,775,000 after purchasing an additional 626 shares during the last quarter. Tidal Investments LLC raised its holdings in shares of SEI Investments by 40.4% during the 2nd quarter. Tidal Investments LLC now owns 226,700 shares of the asset manager’s stock worth $19,884,000 after acquiring an additional 65,207 shares in the last quarter. Archford Capital Strategies LLC bought a new position in shares of SEI Investments during the 2nd quarter valued at approximately $1,068,000. Finally, NewEdge Advisors LLC grew its holdings in shares of SEI Investments by 17.1% in the second quarter. NewEdge Advisors LLC now owns 5,730 shares of the asset manager’s stock valued at $503,000 after purchasing an additional 836 shares in the last quarter. Institutional investors own 70.59% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on SEIC shares. UBS Group restated a “buy” rating and issued a $125.00 price target on shares of SEI Investments in a research note on Thursday, July 23rd. William Blair raised shares of SEI Investments from a “market perform” rating to an “outperform” rating in a report on Tuesday, September 15th. Morgan Stanley raised their price objective on shares of SEI Investments from $115.00 to $125.00 and gave the company an “overweight” rating in a research report on Thursday, July 23rd. Wall Street Zen raised shares of SEI Investments from a “hold” rating to a “buy” rating in a report on Saturday, July 25th. Finally, Keefe, Bruyette & Woods increased their price target on SEI Investments from $113.00 to $119.00 and gave the stock an “outperform” rating in a research note on Thursday, July 23rd. Eight research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $123.67.

SEI Investments News Roundup

Here are the key news stories impacting SEI Investments this week:

• Positive Sentiment: Wells Fargo initiated coverage with an Overweight rating and a $129 price target, implying upside from recent trading levels and adding to SEIC’s positive analyst consensus. Wells Fargo Initiates SEI Investments at Overweight
• Positive Sentiment: SEI’s Singapore expansion is expected to broaden growth opportunities in asset servicing, professional services and UCITS distribution across Asia. The company also appointed dedicated local leadership, strengthening its international operating platform. Can SEIC’s Singapore Push Add Another Leg to Its Growth Story?
• Positive Sentiment: A Zacks technical analysis identified a bullish “hammer” chart pattern after the recent pullback. The report also cited upward earnings-estimate revisions, suggesting potential near-term support and a possible turnaround. SEI Forms Hammer Chart Pattern
• Positive Sentiment: Recent coverage pointed to roughly 15% revenue growth, supporting the view that SEIC’s asset-management, investment-processing and technology businesses retain solid operating momentum. SEI Investments Reports 15 Percent Revenue Growth
• Neutral Sentiment: SEI’s latest reported quarter exceeded earnings and revenue expectations, with EPS of $1.66 versus a $1.44 consensus and revenue up 14.7% year over year. However, EPS declined from the prior-year quarter, tempering the positive results.
• Negative Sentiment: Chairman Alfred West, Jr. sold 33,877 shares for approximately $3.5 million across September 29–30. The transactions reduced his ownership by about 0.5%, a modest negative signal, although he continues to hold more than 6.78 million shares. SEI Investments SEC Insider Trading Filing

About SEI Investments

SEI Investments Company (NASDAQ:SEIC) is a global provider of investment processing, management, and operations solutions. The company serves financial institutions, wealth managers, asset managers, investment managers, and institutional investors through technology-enabled platforms and outsourced services.

Its offerings include investment accounting, fund administration, portfolio management, compliance support, wealth management technology, and data and analytics solutions. SEI also provides investment strategies and manages assets for institutions, advisors, and private clients through its investment management business.

Founded in 1968 by Alfred P.