Louisiana State Employees Retirement System Takes Position in SEI Investments (NASDAQ:SEIC)

Louisiana State Employees Retirement System bought a new stake in shares of SEI Investments (NASDAQ:SEIC) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 28,100 shares of the asset manager’s stock, valued at approximately $1,786,000.

Other large investors have also recently made changes to their positions in the company. IFG Advisory LLC increased its position in shares of SEI Investments by 109.1% during the 4th quarter. IFG Advisory LLC now owns 58,292 shares of the asset manager’s stock valued at $3,704,000 after purchasing an additional 30,408 shares during the last quarter. Diversified Trust Co increased its position in shares of SEI Investments by 299.3% during the 4th quarter. Diversified Trust Co now owns 55,230 shares of the asset manager’s stock valued at $3,510,000 after purchasing an additional 41,397 shares during the last quarter. Nordea Investment Management AB increased its position in shares of SEI Investments by 9.8% during the 4th quarter. Nordea Investment Management AB now owns 9,445 shares of the asset manager’s stock valued at $601,000 after purchasing an additional 841 shares during the last quarter. Raymond James & Associates increased its position in shares of SEI Investments by 4.0% during the 3rd quarter. Raymond James & Associates now owns 474,836 shares of the asset manager’s stock valued at $28,599,000 after purchasing an additional 18,397 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC increased its position in shares of SEI Investments by 507.3% during the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 88,571 shares of the asset manager’s stock valued at $5,335,000 after purchasing an additional 73,987 shares during the last quarter. 70.59% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on SEIC shares. Piper Sandler increased their price target on SEI Investments from $66.00 to $72.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 10th. Oppenheimer increased their price target on SEI Investments from $77.00 to $80.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 9th. Finally, StockNews.com upgraded SEI Investments from a “hold” rating to a “buy” rating in a research note on Saturday, March 2nd. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the 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 Stock Down 0.1 %

Shares of NASDAQ SEIC opened at $66.01 on Friday. SEI Investments has a 52 week low of $52.19 and a 52 week high of $72.54. The business has a 50-day simple moving average of $68.53 and a two-hundred day simple moving average of $63.06. The company has a market cap of $8.68 billion, a P/E ratio of 19.08, a P/E/G ratio of 1.35 and a beta of 1.02.

SEI Investments (NASDAQ:SEIC) last issued its earnings results on Wednesday, January 31st. The asset manager reported $0.91 EPS for the quarter, hitting the consensus estimate of $0.91. SEI Investments had a return on equity of 22.40% and a net margin of 24.08%. The business had revenue of $484.86 million during the quarter, compared to the consensus estimate of $481.39 million. During the same quarter last year, the company earned $0.83 EPS. Equities research analysts anticipate that SEI Investments will post 4.08 EPS for the current year.

Insiders Place Their Bets

In other SEI Investments news, EVP Wayne Withrow sold 16,970 shares of the firm’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $66.16, for a total value of $1,122,735.20. Following the completion of the transaction, the executive vice president now owns 55,399 shares in the company, valued at approximately $3,665,197.84. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, EVP Wayne Withrow sold 16,970 shares of SEI Investments stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $66.16, for a total transaction of $1,122,735.20. Following the completion of the sale, the executive vice president now owns 55,399 shares in the company, valued at approximately $3,665,197.84. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Sanjay Sharma sold 15,000 shares of SEI Investments stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $67.20, for a total value of $1,008,000.00. Following the sale, the insider now owns 16,895 shares of the company’s stock, valued at approximately $1,135,344. The disclosure for this sale can be found here. Insiders sold a total of 206,333 shares of company stock worth $14,481,612 in the last quarter. 15.50% of the stock is owned by company insiders.

About SEI Investments

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.