SEI Investments (NASDAQ:SEIC) Shares Sold by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale decreased its holdings in shares of SEI Investments (NASDAQ:SEIC) by 27.4% during the 4th quarter, HoldingsChannel.com reports. The fund owned 6,119 shares of the asset manager’s stock after selling 2,306 shares during the period. DekaBank Deutsche Girozentrale’s holdings in SEI Investments were worth $389,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. DHJJ Financial Advisors Ltd. acquired a new position in shares of SEI Investments during the 3rd quarter valued at $27,000. VisionPoint Advisory Group LLC lifted its holdings in SEI Investments by 67.1% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 513 shares of the asset manager’s stock worth $31,000 after buying an additional 206 shares in the last quarter. International Assets Investment Management LLC acquired a new position in SEI Investments in the 3rd quarter worth $37,000. UniSuper Management Pty Ltd acquired a new position in SEI Investments in the 2nd quarter worth $48,000. Finally, Point72 Asset Management L.P. acquired a new position in SEI Investments in the 2nd quarter worth $71,000. Institutional investors and hedge funds own 70.59% of the company’s stock.

Insider Activity at SEI Investments

In related news, EVP Paul Klauder sold 2,000 shares of the business’s stock in a transaction dated 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 sale, the executive vice president now owns 20,752 shares of the company’s stock, valued at approximately $1,448,489.60. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, EVP Paul Klauder sold 2,000 shares of the business’s stock in a transaction dated 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 sale, the executive vice president now owns 20,752 shares of the company’s stock, valued at approximately $1,448,489.60. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Chairman Alfred P. West, Jr. sold 150,000 shares of the business’s stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $70.75, for a total transaction of $10,612,500.00. Following the sale, the chairman now directly owns 7,884,834 shares of the company’s stock, valued at approximately $557,852,005.50. The disclosure for this sale can be found here. Insiders sold a total of 206,333 shares of company stock valued at $14,481,612 in the last quarter. Insiders own 15.50% of the company’s stock.

SEI Investments Stock Performance

Shares of SEI Investments stock opened at $66.97 on Tuesday. The firm has a market cap of $8.80 billion, a PE ratio of 19.36, a price-to-earnings-growth ratio of 1.38 and a beta of 1.02. The firm’s 50-day simple moving average is $68.52 and its 200-day simple moving average is $62.97. SEI Investments has a 1 year low of $52.19 and a 1 year high of $72.54.

SEI Investments (NASDAQ:SEIC) last issued its earnings results on Wednesday, January 31st. The asset manager reported $0.91 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.91. The business had revenue of $484.86 million for the quarter, compared to analyst estimates of $481.39 million. SEI Investments had a net margin of 24.08% and a return on equity of 22.40%. During the same quarter in the prior year, the business posted $0.83 EPS. On average, equities analysts predict that SEI Investments will post 4.08 earnings per share for the current year.

Wall Street Analyst Weigh In

SEIC has been the topic of a number of recent analyst reports. StockNews.com upgraded shares of SEI Investments from a “hold” rating to a “buy” rating in a report on Saturday, March 2nd. Oppenheimer boosted their price objective on shares of SEI Investments from $77.00 to $80.00 and gave the stock an “outperform” rating in a report on Tuesday, April 9th. Finally, Piper Sandler boosted their price objective on shares of SEI Investments from $66.00 to $72.00 and gave the stock a “neutral” rating in a report on Wednesday, April 10th. One 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.com, the company has an average rating of “Hold” and a consensus target price of $70.25.

SEI Investments Company Profile

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.