SEI Investments Company $SEIC Shares Sold by Boston Trust Walden Corp

Boston Trust Walden Corp reduced its position in shares of SEI Investments Company (NASDAQ:SEIC) by 5.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 932,646 shares of the asset manager’s stock after selling 58,654 shares during the period. SEI Investments comprises 0.8% of Boston Trust Walden Corp’s investment portfolio, making the stock its 28th largest holding. Boston Trust Walden Corp owned approximately 0.79% of SEI Investments worth $95,745,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Fortitude Family Office LLC raised its holdings in SEI Investments by 95.1% in the 3rd quarter. Fortitude Family Office LLC now owns 240 shares of the asset manager’s stock valued at $25,000 after buying an additional 117 shares during the last quarter. Ashton Thomas Securities LLC boosted its position in SEI Investments by 1.9% during the 3rd quarter. Ashton Thomas Securities LLC now owns 6,190 shares of the asset manager’s stock worth $635,000 after buying an additional 117 shares during the period. Elevation Wealth Partners LLC boosted its position in SEI Investments by 41.7% during the 3rd quarter. Elevation Wealth Partners LLC now owns 438 shares of the asset manager’s stock worth $45,000 after buying an additional 129 shares during the period. Northwestern Mutual Wealth Management Co. grew its holdings in SEI Investments by 7.4% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,920 shares of the asset manager’s stock worth $168,000 after acquiring an additional 133 shares during the last quarter. Finally, Root Financial Partners LLC grew its holdings in SEI Investments by 40.8% during the 1st quarter. Root Financial Partners LLC now owns 487 shares of the asset manager’s stock worth $38,000 after acquiring an additional 141 shares during the last quarter. Institutional investors and hedge funds own 70.59% of the company’s stock.

Insider Transactions at SEI Investments

In other news, EVP Michael Lane sold 2,400 shares of SEI Investments stock in a transaction dated Tuesday, September 22nd. The stock was sold at an average price of $102.78, for a total value of $246,672.00. Following the completion of the transaction, the executive vice president directly owned 39,581 shares of the company’s stock, valued at approximately $4,068,135.18. This trade represents a 5.72% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Ryan Hicke sold 37,500 shares of the business’s stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $110.71, for a total value of $4,151,625.00. Following the completion of the transaction, the chief executive officer directly owned 192,815 shares in the company, valued at $21,346,548.65. This represents a 16.28% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 73,777 shares of company stock valued at $7,899,863. Corporate insiders own 4.80% of the company’s stock.

SEI Investments Trading Up 3.0%

SEIC opened at $108.62 on Thursday. SEI Investments Company has a twelve month low of $75.08 and a twelve month high of $112.15. The company has a quick ratio of 4.23, a current ratio of 4.31 and a debt-to-equity ratio of 0.07. The company has a fifty day moving average of $105.77 and a 200-day moving average of $93.18. The stock has a market cap of $12.88 billion, a PE ratio of 18.89 and a beta of 0.97.

SEI Investments (NASDAQ:SEIC) last released its earnings results on Wednesday, October 21st. The asset manager reported $1.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.58 by $0.06. The business had revenue of $662.04 million for the quarter, compared to analyst estimates of $656.25 million. SEI Investments had a net margin of 28.06% and a return on equity of 30.14%. SEI Investments’s revenue for the quarter was up 14.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.30 earnings per share. On average, sell-side analysts predict that SEI Investments Company will post 6.31 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on SEIC. Morgan Stanley upped their price target on shares of SEI Investments from $125.00 to $127.00 and gave the company an “overweight” rating in a research report on Thursday, October 22nd. Piper Sandler reiterated an “overweight” rating and set a $129.00 price target (up from $127.00) on shares of SEI Investments in a report on Thursday, October 22nd. Wall Street Zen cut shares of SEI Investments from a “buy” rating to a “hold” rating in a research note on Saturday, October 31st. Wells Fargo & Company started coverage on SEI Investments in a report on Friday, October 2nd. They issued an “overweight” rating and a $129.00 price objective for the company. Finally, Keefe, Bruyette & Woods raised their target price on SEI Investments from $113.00 to $119.00 and gave the stock an “outperform” rating in a research report on Thursday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, SEI Investments currently has an average rating of “Buy” and an average target price of $125.50.

About SEI Investments

SEI Investments Company is a financial technology and investment services provider headquartered in Oaks, Pennsylvania. Founded in 1968, the company delivers technology, operations, and investment solutions that help financial institutions and investment professionals manage client assets and business processes.

SEI’s offerings include wealth management and investment processing platforms, portfolio accounting, data management, compliance support, and outsourced middle- and back-office services.