SEI Investments Company (NASDAQ:SEIC - Get Free Report) CEO Ryan Hicke sold 37,500 shares of the stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $110.71, for a total transaction of $4,151,625.00. Following the sale, the chief executive officer owned 192,815 shares in the company, valued at approximately $21,346,548.65. This trade represents a 16.28% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
SEI Investments Stock Performance
Shares of NASDAQ SEIC opened at $108.60 on Wednesday. The company has a quick ratio of 4.96, a current ratio of 5.06 and a debt-to-equity ratio of 0.06. The firm's 50-day moving average price is $103.12 and its two-hundred day moving average price is $91.20. SEI Investments Company has a 52-week low of $75.08 and a 52-week high of $112.15. The stock has a market capitalization of $13.03 billion, a P/E ratio of 19.15 and a beta of 0.97.
SEI Investments (NASDAQ:SEIC - Get Free Report) last posted its earnings results on Wednesday, July 22nd. The asset manager reported $1.66 EPS for the quarter, beating the consensus estimate of $1.44 by $0.22. The company had revenue of $641.62 million during the quarter, compared to analyst estimates of $636.35 million. SEI Investments had a return on equity of 29.16% and a net margin of 28.85%.The business's revenue was up 14.7% compared to the same quarter last year. During the same period in the prior year, the company earned $1.78 earnings per share. As a group, sell-side analysts forecast that SEI Investments Company will post 6.2 earnings per share for the current year.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of SEIC. Elevation Wealth Partners LLC raised its stake in shares of SEI Investments by 96.8% during the second quarter. Elevation Wealth Partners LLC now owns 309 shares of the asset manager's stock valued at $27,000 after purchasing an additional 152 shares in the last quarter. CIBC Private Wealth Group LLC grew its position in SEI Investments by 353.1% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 435 shares of the asset manager's stock valued at $37,000 after buying an additional 339 shares in the last quarter. Root Financial Partners LLC increased its stake in SEI Investments by 40.8% during the 1st quarter. Root Financial Partners LLC now owns 487 shares of the asset manager's stock valued at $38,000 after buying an additional 141 shares during the period. Geneos Wealth Management Inc. increased its stake in SEI Investments by 60.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 532 shares of the asset manager's stock valued at $41,000 after buying an additional 200 shares during the period. Finally, Western Wealth Management LLC bought a new stake in shares of SEI Investments during the 1st quarter worth about $43,000. 70.59% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several equities research analysts have weighed in on SEIC shares. UBS Group reaffirmed a "buy" rating and issued a $125.00 target price on shares of SEI Investments in a research report on Thursday, July 23rd. Morgan Stanley boosted their price target on shares of SEI Investments from $115.00 to $125.00 and gave the company an "overweight" rating in a report on Thursday, July 23rd. Raymond James Financial upped their price target on shares of SEI Investments from $122.00 to $124.00 and gave the stock an "outperform" rating in a research report on Monday, July 6th. Keefe, Bruyette & Woods increased their price objective on shares of SEI Investments from $113.00 to $119.00 and gave the stock an "outperform" rating in a report on Thursday, July 23rd. Finally, Weiss Ratings reiterated a "buy (b)" rating on shares of SEI Investments in a research report on Friday, July 17th. Six research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, SEI Investments presently has an average rating of "Moderate Buy" and a consensus price target of $122.60.
Get Our Latest Report on SEIC
SEI Investments Company Profile
(
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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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