Zurcher Kantonalbank Zurich Cantonalbank Sells 1,268 Shares of SEI Investments (NASDAQ:SEIC)

Zurcher Kantonalbank Zurich Cantonalbank decreased its holdings in SEI Investments (NASDAQ:SEIC) by 3.1% during the 4th quarter, HoldingsChannel reports. The firm owned 39,185 shares of the asset manager’s stock after selling 1,268 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in SEI Investments were worth $2,490,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in SEIC. VisionPoint Advisory Group LLC increased its stake in shares of SEI Investments by 67.1% in the third quarter. VisionPoint Advisory Group LLC now owns 513 shares of the asset manager’s stock valued at $31,000 after buying an additional 206 shares during the period. Impact Partnership Wealth LLC bought a new position in SEI Investments in the third quarter worth approximately $129,000. C M Bidwell & Associates Ltd. grew its position in SEI Investments by 5,302.5% in the 3rd quarter. C M Bidwell & Associates Ltd. now owns 2,161 shares of the asset manager’s stock valued at $130,000 after purchasing an additional 2,121 shares during the period. Caprock Group LLC acquired a new position in shares of SEI Investments during the third quarter valued at about $201,000. Finally, Signaturefd LLC increased its holdings in SEI Investments by 44.5% during the 3rd quarter. Signaturefd LLC now owns 3,341 shares of the asset manager’s stock worth $201,000 after purchasing an additional 1,029 shares in the last quarter. Institutional investors own 70.59% of the company’s stock.

Insider Activity

In related news, Chairman Alfred P. West, Jr. sold 150,000 shares of the business’s stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $70.75, for a total transaction of $10,612,500.00. Following the transaction, the chairman now owns 7,884,834 shares in the company, valued at approximately $557,852,005.50. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, Chairman Alfred P. West, Jr. sold 19,363 shares of the business’s stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $72.14, for a total transaction of $1,396,846.82. Following the sale, the chairman now owns 7,865,471 shares in the company, valued at approximately $567,415,077.94. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Chairman Alfred P. West, Jr. sold 150,000 shares of the company’s stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $70.75, for a total transaction of $10,612,500.00. Following the completion of the sale, the chairman now owns 7,884,834 shares in the company, valued at approximately $557,852,005.50. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 206,333 shares of company stock valued at $14,481,612. 15.50% of the stock is currently owned by company insiders.

SEI Investments Price Performance

Shares of SEIC opened at $67.00 on Wednesday. SEI Investments has a 1 year low of $52.19 and a 1 year high of $72.54. The stock has a 50 day simple moving average of $68.55 and a two-hundred day simple moving average of $63.31. The firm has a market cap of $8.81 billion, a P/E ratio of 19.36, a P/E/G ratio of 1.37 and a beta of 1.02.

SEI Investments (NASDAQ:SEIC) last posted its quarterly earnings results on Wednesday, January 31st. The asset manager reported $0.91 earnings per share for the quarter, hitting the consensus estimate 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 previous year, the firm posted $0.83 earnings per share. On average, equities analysts anticipate that SEI Investments will post 4.08 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Oppenheimer increased their target price on shares of SEI Investments from $77.00 to $80.00 and gave the company an “outperform” rating in a report on Tuesday, April 9th. 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. Finally, StockNews.com upgraded shares of 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 assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $70.25.

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.