SEI Investments (NASDAQ:SEIC) Shares Sold by Signaturefd LLC

Signaturefd LLC lowered its position in SEI Investments (NASDAQ:SEIC) by 16.1% during the fourth quarter, HoldingsChannel.com reports. The fund owned 2,802 shares of the asset manager’s stock after selling 539 shares during the quarter. Signaturefd LLC’s holdings in SEI Investments were worth $178,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Gould Capital LLC grew its holdings in shares of SEI Investments by 1.3% in the 3rd quarter. Gould Capital LLC now owns 14,744 shares of the asset manager’s stock worth $872,000 after acquiring an additional 195 shares during the period. VisionPoint Advisory Group LLC grew its holdings in shares of 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 acquiring an additional 206 shares during the period. Fiera Capital Corp lifted its stake in SEI Investments by 2.7% in the 3rd quarter. Fiera Capital Corp now owns 8,215 shares of the asset manager’s stock valued at $495,000 after buying an additional 215 shares in the last quarter. Treasurer of the State of North Carolina lifted its stake in SEI Investments by 0.5% in the 3rd quarter. Treasurer of the State of North Carolina now owns 46,128 shares of the asset manager’s stock valued at $2,778,000 after buying an additional 235 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. lifted its stake in SEI Investments by 2.4% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 11,866 shares of the asset manager’s stock valued at $715,000 after buying an additional 275 shares in the last quarter. Institutional investors and hedge funds own 70.59% of the company’s stock.

Insider Buying and Selling

In related news, EVP Wayne Withrow sold 16,970 shares of the 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 directly owns 55,399 shares of the company’s stock, valued at approximately $3,665,197.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, EVP Paul Klauder sold 2,000 shares of the stock in a transaction on Friday, March 8th. The stock was sold at an average price of $69.80, for a total value of $139,600.00. Following the completion of the sale, the executive vice president now directly owns 20,752 shares in the company, valued at approximately $1,448,489.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Wayne Withrow sold 16,970 shares of the stock in a transaction on 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 of the company’s stock, valued at $3,665,197.84. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 206,333 shares of company stock valued at $14,481,612. 15.50% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

SEIC has been the topic of a number of recent research reports. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $74.00 target price (up previously from $72.00) on shares of SEI Investments in a research note on Thursday. Oppenheimer upped their target price on SEI Investments from $77.00 to $80.00 and gave the company an “outperform” rating in a research note on Tuesday, April 9th. StockNews.com raised SEI Investments from a “hold” rating to a “buy” rating in a research note on Saturday, March 2nd. Finally, Piper Sandler reduced their target price on 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 assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $71.00.

SEI Investments Stock Up 0.1 %

Shares of SEI Investments stock opened at $66.57 on Monday. The firm has a market cap of $8.76 billion, a PE ratio of 18.19, a P/E/G ratio of 1.35 and a beta of 1.02. The business’s fifty day moving average is $68.58 and its two-hundred day moving average is $63.49. SEI Investments has a fifty-two week low of $52.19 and a fifty-two week high of $72.54.

SEI Investments (NASDAQ:SEIC) last issued its earnings results on Wednesday, April 24th. The asset manager reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.01. The business had revenue of $511.58 million for the quarter, compared to analyst estimates of $510.41 million. SEI Investments had a return on equity of 22.91% and a net margin of 24.80%. The business’s quarterly revenue was up 9.1% on a year-over-year basis. During the same period last year, the company posted $0.79 EPS. Equities research analysts anticipate 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.