SEI Investments (NASDAQ:SEIC) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund lessened its holdings in SEI Investments (NASDAQ:SEIC) by 4.2% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 252,373 shares of the asset manager’s stock after selling 11,064 shares during the period. New York State Common Retirement Fund’s holdings in SEI Investments were worth $16,038,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of SEIC. Invesco Ltd. increased its holdings in SEI Investments by 73.1% in the 3rd quarter. Invesco Ltd. now owns 1,125,659 shares of the asset manager’s stock worth $67,798,000 after buying an additional 475,226 shares during the period. Acadian Asset Management LLC increased its holdings in SEI Investments by 299.3% in the 3rd quarter. Acadian Asset Management LLC now owns 477,981 shares of the asset manager’s stock worth $28,778,000 after buying an additional 358,282 shares during the period. Envestnet Asset Management Inc. increased its holdings in SEI Investments by 69.3% in the 3rd quarter. Envestnet Asset Management Inc. now owns 381,037 shares of the asset manager’s stock worth $22,950,000 after buying an additional 155,991 shares during the period. FMR LLC increased its holdings in SEI Investments by 43.8% in the 3rd quarter. FMR LLC now owns 360,732 shares of the asset manager’s stock worth $21,727,000 after buying an additional 109,962 shares during the period. Finally, Barclays PLC increased its holdings in SEI Investments by 76.2% in the 3rd quarter. Barclays PLC now owns 247,271 shares of the asset manager’s stock worth $14,892,000 after buying an additional 106,967 shares during the period. Institutional investors and hedge funds own 70.59% of the company’s stock.

SEI Investments Price Performance

Shares of NASDAQ:SEIC opened at $66.57 on Monday. SEI Investments has a 1 year low of $52.19 and a 1 year high of $72.54. The firm has a market capitalization of $8.76 billion, a price-to-earnings ratio of 18.19, a price-to-earnings-growth ratio of 1.35 and a beta of 1.02. The business’s 50 day moving average price is $68.58 and its 200-day moving average price is $63.49.

SEI Investments (NASDAQ:SEIC) last announced its earnings results on Wednesday, April 24th. The asset manager reported $0.99 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $511.58 million for the quarter, compared to analyst estimates of $510.41 million. During the same quarter last year, the firm posted $0.79 EPS. The business’s revenue was up 9.1% on a year-over-year basis. On average, sell-side analysts expect that SEI Investments will post 4.11 earnings per share for the current year.

Analysts Set New Price Targets

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

Insider Activity

In other news, EVP Wayne Withrow sold 16,970 shares of the stock in a transaction that occurred on 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 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 legal filing with the Securities & Exchange Commission, which is available at this link. In other SEI Investments news, EVP Wayne Withrow sold 16,970 shares of the firm’s stock in a transaction on 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 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Sanjay Sharma sold 15,000 shares of the firm’s stock in a transaction on 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 completion of the transaction, the insider now owns 16,895 shares in the company, valued at approximately $1,135,344. The disclosure for this sale can be found here. Insiders have sold 206,333 shares of company stock worth $14,481,612 in the last quarter. Corporate insiders own 15.50% of the company’s stock.

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.