SEI Investments (NASDAQ:SEIC) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC lessened its holdings in SEI Investments (NASDAQ:SEIC) by 0.7% during the fourth quarter, Holdings Channel.com reports. The firm owned 47,876 shares of the asset manager’s stock after selling 340 shares during the quarter. Yousif Capital Management LLC’s holdings in SEI Investments were worth $3,043,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Caprock Group LLC acquired a new position in SEI Investments during the third quarter worth $201,000. Asset Management One Co. Ltd. lifted its stake in shares of SEI Investments by 45.6% in the third quarter. Asset Management One Co. Ltd. now owns 62,714 shares of the asset manager’s stock valued at $3,777,000 after purchasing an additional 19,629 shares during the period. Handelsbanken Fonder AB boosted its holdings in SEI Investments by 17.7% during the third quarter. Handelsbanken Fonder AB now owns 25,900 shares of the asset manager’s stock worth $1,560,000 after buying an additional 3,900 shares in the last quarter. Linden Thomas Advisory Services LLC acquired a new position in SEI Investments during the third quarter worth about $1,412,000. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund increased its holdings in SEI Investments by 52.0% in the third quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 71,647 shares of the asset manager’s stock valued at $4,315,000 after buying an additional 24,500 shares in the last quarter. Institutional investors and hedge funds own 70.59% of the company’s stock.

Insider Buying and Selling at SEI Investments

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

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on SEIC shares. Oppenheimer boosted 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. Piper Sandler dropped their price target on SEI Investments from $72.00 to $69.00 and set a “neutral” rating for the company in a research report on Thursday. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $74.00 price target (up previously from $72.00) on shares of SEI Investments in a research note on Thursday. Finally, StockNews.com raised shares of SEI Investments from a “hold” rating to a “buy” rating in a research note on Saturday, March 2nd. One 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’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $71.00.

SEI Investments Stock Performance

Shares of NASDAQ:SEIC opened at $66.57 on Monday. The business’s fifty day moving average price is $68.58 and its two-hundred day moving average price is $63.49. The stock has a market cap of $8.76 billion, a PE ratio of 18.19, a price-to-earnings-growth ratio of 1.35 and a beta of 1.02. SEI Investments has a one year low of $52.19 and a one year high of $72.54.

SEI Investments (NASDAQ:SEIC) last posted its quarterly earnings data on Wednesday, April 24th. The asset manager reported $0.99 EPS for the quarter, beating analysts’ consensus estimates 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 revenue for the quarter was up 9.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.79 earnings per share. As a group, equities research analysts predict that SEI Investments will post 4.11 earnings per share for the current fiscal year.

SEI Investments 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.