Key Points
- Chairman Alfred West, Jr. sold 55,000 shares on March 10 at an average price of $80.23 for total proceeds of $4,412,650, trimming his position by 0.79% but still owning 6,883,230 shares valued at about $552.24 million.
- In the latest quarter (posted Jan. 28) SEI reported EPS of $1.30, missing estimates by $0.04 while revenue of $607.93 million beat expectations and rose 9.1% year-over-year; the stock trades near $80.70 with a market cap of roughly $9.86 billion and a P/E around 14.34.
- Research coverage is broadly positive—SEI carries an average rating of "Moderate Buy" with a consensus price target of $109.67 after several firms initiated coverage or raised targets.
SEI Investments Company (NASDAQ:SEIC - Get Free Report) Chairman Alfred West, Jr. sold 7,447 shares of SEI Investments stock in a transaction dated Wednesday, March 11th. The stock was sold at an average price of $79.26, for a total value of $590,249.22. Following the completion of the transaction, the chairman directly owned 6,875,783 shares in the company, valued at $544,974,560.58. This represents a 0.11% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.
SEI Investments Stock Up 2.1%
Shares of SEI Investments stock traded up $1.70 during midday trading on Friday, hitting $80.85. The company's stock had a trading volume of 372,306 shares, compared to its average volume of 765,388. SEI Investments Company has a 1-year low of $64.66 and a 1-year high of $93.96. The company has a quick ratio of 3.20, a current ratio of 3.29 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $9.88 billion, a P/E ratio of 14.34 and a beta of 0.96. The stock has a 50-day simple moving average of $83.51 and a 200-day simple moving average of $83.63.
SEI Investments (NASDAQ:SEIC - Get Free Report) last posted its quarterly earnings results on Wednesday, January 28th. The asset manager reported $1.30 earnings per share for the quarter, missing analysts' consensus estimates of $1.34 by ($0.04). SEI Investments had a return on equity of 30.26% and a net margin of 31.14%.The company had revenue of $607.93 million during the quarter, compared to analyst estimates of $596.97 million. During the same period last year, the company posted $1.19 earnings per share. The company's revenue was up 9.1% compared to the same quarter last year. As a group, sell-side analysts expect that SEI Investments Company will post 4.86 earnings per share for the current year.
Hedge Funds Weigh In On SEI Investments
A number of hedge funds have recently made changes to their positions in SEIC. Root Financial Partners LLC acquired a new stake in shares of SEI Investments during the third quarter worth approximately $28,000. SJS Investment Consulting Inc. raised its position in SEI Investments by 142.9% in the 3rd quarter. SJS Investment Consulting Inc. now owns 357 shares of the asset manager's stock valued at $30,000 after purchasing an additional 210 shares during the last quarter. CoreFirst Bank & Trust bought a new position in SEI Investments in the 2nd quarter valued at $34,000. Community Bank N.A. acquired a new position in SEI Investments in the third quarter worth $35,000. Finally, Allworth Financial LP grew its holdings in shares of SEI Investments by 44.0% during the third quarter. Allworth Financial LP now owns 432 shares of the asset manager's stock worth $37,000 after purchasing an additional 132 shares during the last quarter. Institutional investors and hedge funds own 70.59% of the company's stock.
Wall Street Analyst Weigh In
Several research firms recently issued reports on SEIC. Weiss Ratings reaffirmed a "buy (b)" rating on shares of SEI Investments in a research note on Thursday, January 22nd. Morgan Stanley raised their target price on SEI Investments from $115.00 to $117.00 and gave the company an "overweight" rating in a report on Tuesday, January 6th. Piper Sandler reiterated an "overweight" rating and set a $106.00 price target on shares of SEI Investments in a research note on Friday, February 20th. UBS Group assumed coverage on SEI Investments in a report on Wednesday, February 4th. They set a "buy" rating and a $115.00 price objective on the stock. Finally, Raymond James Financial restated an "outperform" rating and issued a $117.00 target price on shares of SEI Investments in a report on Monday, January 5th. Seven equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $109.67.
View Our Latest Report on SEI Investments
About SEI Investments
(
Get Free Report)
SEI Investments Company is a global provider of asset management, investment processing, and investment operations solutions. The firm offers a range of services designed to help financial institutions, private banks, wealth managers and family offices streamline back-office functions and enhance front-office capabilities. SEI's technology platforms support various stages of the investment lifecycle, including trade execution, performance reporting, risk analytics and client communications.
The company's core offerings include outsourced fund administration, custody and trust services, managed account solutions, and wealth management technology.
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