Key Points
- Chairman Alfred West Jr. sold 5,483 SEI Investments shares for approximately $565,626, reducing his position by 0.08%; he still owns about 6.78 million shares.
- SEI Investments reported quarterly EPS of $1.66, beating estimates of $1.44, while revenue rose 14.7% year over year to $641.62 million.
- Analysts remain broadly positive, with eight Buy ratings, one Hold rating, and an average price target of $123.67 versus the stock’s $103.87 opening price.
SEI Investments Company (NASDAQ:SEIC - Get Free Report) Chairman Alfred West, Jr. sold 5,483 shares of the company's stock in a transaction dated Wednesday, September 30th. The shares were sold at an average price of $103.16, for a total transaction of $565,626.28. Following the completion of the sale, the chairman owned 6,784,574 shares in the company, valued at approximately $699,896,653.84. This trade represents a 0.08% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.
SEI Investments Stock Up 1.2%
NASDAQ:SEIC opened at $103.87 on Friday. The company has a market capitalization of $12.47 billion, a price-to-earnings ratio of 18.32 and a beta of 0.97. SEI Investments Company has a one year low of $75.08 and a one year high of $112.15. The stock has a 50-day simple moving average of $106.24 and a 200 day simple moving average of $94.07. The company has a debt-to-equity ratio of 0.06, a quick ratio of 4.96 and a current ratio of 5.06.
SEI Investments (NASDAQ:SEIC - Get Free Report) last announced its quarterly earnings data on Wednesday, July 22nd. The asset manager reported $1.66 earnings per share for the quarter, beating the consensus estimate of $1.44 by $0.22. SEI Investments had a return on equity of 29.16% and a net margin of 28.85%.The firm had revenue of $641.62 million during the quarter, compared to analyst estimates of $636.35 million. During the same period in the previous year, the company earned $1.78 earnings per share. SEI Investments's quarterly revenue was up 14.7% on a year-over-year basis. Sell-side analysts predict that SEI Investments Company will post 6.21 EPS for the current fiscal year.
Key Stories Impacting SEI Investments
Here are the key news stories impacting SEI Investments this week:
- Positive Sentiment: SEI opened a new office in Singapore to support asset servicing, professional services and UCITS distribution across Asia. The expansion gives the company an additional growth channel in an important financial center and strengthens its international operating footprint. SEI Opens Singapore Office to Support Growing Asset Management Sector in Asia
- Positive Sentiment: The company appointed Connall McGuckian as managing director and head of Singapore, adding dedicated leadership as SEIC builds its presence in the Asian asset-management market. SEI Investments Appoints Head of Singapore
- Positive Sentiment: Recent coverage highlighted approximately 15% revenue growth, reinforcing the view that SEI’s diversified asset-management and technology businesses continue to expand. SEI Investments Stock Reports 15 Percent Revenue Growth
- Positive Sentiment: A Zacks analysis said the Singapore initiative could add another leg to SEIC’s growth strategy by broadening its regional distribution and servicing opportunities. Can SEIC's Singapore Push Add Another Leg to Its Growth Story?
- Neutral Sentiment: A comparison with S&P Global examines SEIC’s valuation, profitability and business profile relative to a larger financial-data peer, but does not identify a specific new catalyst. SEI Investments versus S&P Global
- Negative Sentiment: Chairman Alfred West, Jr. sold a combined 33,877 shares for approximately $3.5 million across September 29–30. The sales reduced his direct stake by about 0.5%; however, he still owns more than 6.78 million shares, making the transactions a limited negative signal rather than a major change in insider alignment. SEC Insider Trading Filing
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. acquired a new stake in SEI Investments in the second quarter worth $870,745,000. Bank of America Corp DE acquired a new position in shares of SEI Investments during the second quarter valued at $255,067,000. Geode Capital Management LLC boosted its holdings in shares of SEI Investments by 3.9% during the fourth quarter. Geode Capital Management LLC now owns 2,894,317 shares of the asset manager's stock valued at $237,421,000 after acquiring an additional 109,974 shares during the period. Lord Abbett & CO. LLC grew its position in shares of SEI Investments by 19.2% during the fourth quarter. Lord Abbett & CO. LLC now owns 1,917,370 shares of the asset manager's stock worth $157,263,000 after acquiring an additional 308,988 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of SEI Investments by 1.1% during the first quarter. Dimensional Fund Advisors LP now owns 1,873,198 shares of the asset manager's stock worth $146,984,000 after acquiring an additional 20,054 shares during the last quarter. Institutional investors and hedge funds own 70.59% of the company's stock.
Analysts Set New Price Targets
SEIC has been the topic of several research reports. Wells Fargo & Company assumed coverage on SEI Investments in a research report on Thursday. They set an "overweight" rating and a $129.00 price target on the stock. Morgan Stanley boosted their target price on shares of SEI Investments from $115.00 to $125.00 and gave the company an "overweight" rating in a research note on Thursday, July 23rd. Raymond James Financial increased their target price on shares of SEI Investments from $122.00 to $124.00 and gave the stock an "outperform" rating in a report on Monday, July 6th. Weiss Ratings restated a "buy (b)" rating on shares of SEI Investments in a research report on Friday, July 17th. Finally, Zacks Research lowered shares of SEI Investments from a "strong-buy" rating to a "hold" rating in a report on Friday, August 21st. Eight analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, SEI Investments has an average rating of "Moderate Buy" and an average target price of $123.67.
Read Our Latest Stock Analysis on SEIC
SEI Investments Company Profile
(
Get Free Report)
SEI Investments Company (NASDAQ:SEIC) is a global provider of investment processing, management, and operations solutions. The company serves financial institutions, wealth managers, asset managers, investment managers, and institutional investors through technology-enabled platforms and outsourced services.
Its offerings include investment accounting, fund administration, portfolio management, compliance support, wealth management technology, and data and analytics solutions. SEI also provides investment strategies and manages assets for institutions, advisors, and private clients through its investment management business.
Founded in 1968 by Alfred P.
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