Paul Klauder Sells 2,000 Shares of SEI Investments (NASDAQ:SEIC) Stock

SEI Investments (NASDAQ:SEICGet Free Report) EVP Paul Klauder sold 2,000 shares of the business’s stock in a transaction on Friday, March 8th. The shares were sold at an average price of $69.80, for a total transaction of $139,600.00. Following the completion of the transaction, the executive vice president now owns 20,752 shares in the company, valued at approximately $1,448,489.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

SEI Investments Price Performance

NASDAQ:SEIC opened at $71.90 on Friday. The firm has a 50-day moving average of $67.41 and a 200-day moving average of $62.25. The company has a market cap of $9.44 billion, a PE ratio of 20.78, a PEG ratio of 1.50 and a beta of 1.01. SEI Investments has a one year low of $52.19 and a one year high of $72.54.

SEI Investments (NASDAQ:SEICGet Free Report) last issued its quarterly earnings data on Wednesday, January 31st. The asset manager reported $0.91 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.91. SEI Investments had a net margin of 24.08% and a return on equity of 22.40%. The business had revenue of $484.86 million during the quarter, compared to the consensus estimate of $481.39 million. During the same period in the prior year, the firm posted $0.83 EPS. On average, equities research analysts expect that SEI Investments will post 4 earnings per share for the current fiscal year.

SEI Investments announced that its Board of Directors has initiated a share buyback program on Friday, December 15th that permits the company to repurchase $250.00 million in shares. This repurchase authorization permits the asset manager to purchase up to 3% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board believes its stock is undervalued.

Wall Street Analyst Weigh In

SEIC has been the topic of several recent analyst reports. Oppenheimer boosted their target price on shares of SEI Investments from $73.00 to $77.00 and gave the company an “outperform” rating in a report on Friday, March 15th. Piper Sandler upped their price objective on shares of SEI Investments from $58.00 to $66.00 and gave the company a “neutral” rating in a report on Wednesday, December 20th. Morgan Stanley upped their price objective on shares of SEI Investments from $60.00 to $61.00 and gave the company an “underweight” rating in a report on Friday, December 1st. Finally, StockNews.com raised shares of SEI Investments from a “hold” rating to a “buy” rating in a research report on Saturday, March 2nd. One equities research 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. According to data from MarketBeat, SEI Investments presently has an average rating of “Hold” and an average target price of $68.00.

View Our Latest Research Report on SEIC

Institutional Investors Weigh In On SEI Investments

Institutional investors have recently added to or reduced their stakes in the company. IFG Advisory LLC grew its position in SEI Investments by 109.1% in the 4th quarter. IFG Advisory LLC now owns 58,292 shares of the asset manager’s stock worth $3,704,000 after purchasing an additional 30,408 shares in the last quarter. Diversified Trust Co boosted its stake in SEI Investments by 299.3% in the fourth quarter. Diversified Trust Co now owns 55,230 shares of the asset manager’s stock valued at $3,510,000 after acquiring an additional 41,397 shares during the last quarter. Raymond James & Associates boosted its stake in SEI Investments by 4.0% in the third quarter. Raymond James & Associates now owns 474,836 shares of the asset manager’s stock valued at $28,599,000 after acquiring an additional 18,397 shares during the last quarter. Nordea Investment Management AB boosted its stake in SEI Investments by 9.8% in the fourth quarter. Nordea Investment Management AB now owns 9,445 shares of the asset manager’s stock valued at $601,000 after acquiring an additional 841 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC boosted its stake in SEI Investments by 507.3% in the third quarter. Schonfeld Strategic Advisors LLC now owns 88,571 shares of the asset manager’s stock valued at $5,335,000 after acquiring an additional 73,987 shares during the last quarter. 70.59% of the stock is owned by institutional investors.

SEI Investments Company Profile

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for SEI Investments (NASDAQ:SEIC)

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