Handelsbanken Fonder AB Has $1.58 Million Stock Holdings in SEI Investments (NASDAQ:SEIC)

Handelsbanken Fonder AB reduced its position in shares of SEI Investments (NASDAQ:SEIC) by 4.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 24,800 shares of the asset manager’s stock after selling 1,100 shares during the period. Handelsbanken Fonder AB’s holdings in SEI Investments were worth $1,576,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Boston Trust Walden Corp increased its stake in SEI Investments by 1.9% during the 4th quarter. Boston Trust Walden Corp now owns 1,314,965 shares of the asset manager’s stock worth $83,566,000 after acquiring an additional 24,621 shares during the period. Tandem Investment Advisors Inc. increased its stake in SEI Investments by 5.3% during the 3rd quarter. Tandem Investment Advisors Inc. now owns 1,218,267 shares of the asset manager’s stock worth $73,376,000 after acquiring an additional 61,228 shares during the period. Northern Trust Corp increased its stake in SEI Investments by 6.6% during the 3rd quarter. Northern Trust Corp now owns 1,143,777 shares of the asset manager’s stock worth $68,890,000 after acquiring an additional 70,937 shares during the period. Invesco Ltd. increased its stake in SEI Investments by 73.1% during the 3rd quarter. Invesco Ltd. now owns 1,125,659 shares of the asset manager’s stock worth $67,798,000 after acquiring an additional 475,226 shares during the period. Finally, Brown Advisory Inc. increased its stake in SEI Investments by 2.7% during the 3rd quarter. Brown Advisory Inc. now owns 681,637 shares of the asset manager’s stock worth $41,055,000 after acquiring an additional 17,740 shares during the period. Institutional investors own 70.59% of the company’s stock.

Insiders Place Their Bets

In other SEI Investments news, EVP Wayne Withrow sold 16,970 shares of the company’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 of the company’s stock, valued at approximately $3,665,197.84. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other SEI Investments news, Chairman Alfred P. West, Jr. sold 19,363 shares of the company’s stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $72.14, for a total value 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Wayne Withrow sold 16,970 shares of the company’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $66.16, for a total value 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 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 90 days. Corporate insiders own 15.50% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $74.00 price target (up previously from $72.00) on shares of SEI Investments in a report on Thursday. Piper Sandler lowered their price target on SEI Investments from $72.00 to $69.00 and set a “neutral” rating for the company in a report on Thursday. Oppenheimer boosted their price target on SEI Investments from $77.00 to $80.00 and gave the stock an “outperform” rating in a report on Tuesday, April 9th. Finally, StockNews.com raised SEI Investments from a “hold” rating to a “buy” rating in a report on Saturday, March 2nd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, SEI Investments currently has an average rating of “Hold” and an average target price of $71.00.

SEI Investments Stock Up 0.1 %

Shares of SEIC opened at $66.57 on Friday. SEI Investments has a 12-month low of $52.19 and a 12-month high of $72.54. The business has a 50-day simple moving average of $68.58 and a two-hundred day simple moving average of $63.45. The stock has a market cap of $8.76 billion, a PE ratio of 18.19, a PEG ratio of 1.34 and a beta of 1.02.

SEI Investments (NASDAQ:SEIC) last issued its earnings results on Wednesday, April 24th. The asset manager reported $0.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.98 by $0.01. SEI Investments had a return on equity of 22.91% and a net margin of 24.80%. The business had revenue of $511.58 million during the quarter, compared to analysts’ expectations of $510.41 million. During the same quarter in the prior year, the firm earned $0.79 EPS. The business’s revenue for the quarter was up 9.1% compared to the same quarter last year. On average, equities research analysts expect that SEI Investments will post 4.11 EPS for the current year.

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.