SEI Investments (NASDAQ:SEIC) Shares Sold by Boston Trust Walden Corp

Boston Trust Walden Corp lessened its holdings in shares of SEI Investments (NASDAQ:SEIC) by 0.8% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,286,309 shares of the asset manager’s stock after selling 10,033 shares during the quarter. Boston Trust Walden Corp owned about 0.99% of SEI Investments worth $89,000,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the business. Fairfield Financial Advisors LTD acquired a new stake in SEI Investments in the second quarter valued at approximately $30,000. Livforsakringsbolaget Skandia Omsesidigt raised its holdings in SEI Investments by 925.9% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 554 shares of the asset manager’s stock valued at $38,000 after acquiring an additional 500 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in SEI Investments by 78.3% in the first quarter. EverSource Wealth Advisors LLC now owns 626 shares of the asset manager’s stock valued at $41,000 after acquiring an additional 275 shares in the last quarter. Bessemer Group Inc. raised its holdings in SEI Investments by 184.7% in the first quarter. Bessemer Group Inc. now owns 595 shares of the asset manager’s stock valued at $43,000 after acquiring an additional 386 shares in the last quarter. Finally, Mather Group LLC. raised its holdings in SEI Investments by 181.2% in the second quarter. Mather Group LLC. now owns 776 shares of the asset manager’s stock valued at $50,000 after acquiring an additional 500 shares in the last quarter. Institutional investors and hedge funds own 70.59% of the company’s stock.

Insider Transactions at SEI Investments

In related news, Chairman Alfred P. West, Jr. sold 61,000 shares of SEI Investments stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $67.36, for a total value of $4,108,960.00. Following the transaction, the chairman now directly owns 7,504,285 shares in the company, valued at $505,488,637.60. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, Chairman Alfred P. West, Jr. sold 44,163 shares of SEI Investments stock in a transaction on Monday, August 26th. The shares were sold at an average price of $67.55, for a total value of $2,983,210.65. Following the transaction, the chairman now directly owns 7,605,414 shares in the company, valued at $513,745,715.70. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Chairman Alfred P. West, Jr. sold 61,000 shares of SEI Investments stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $67.36, for a total transaction of $4,108,960.00. Following the completion of the transaction, the chairman now owns 7,504,285 shares in the company, valued at approximately $505,488,637.60. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 132,582 shares of company stock worth $8,942,405. Insiders own 14.30% of the company’s stock.

SEI Investments Price Performance

Shares of SEIC traded up $0.69 during mid-day trading on Friday, reaching $75.10. 1,179,525 shares of the company’s stock were exchanged, compared to its average volume of 585,108. The stock has a market capitalization of $9.75 billion, a PE ratio of 19.66, a price-to-earnings-growth ratio of 1.39 and a beta of 0.99. The business’s fifty day simple moving average is $68.94 and its 200-day simple moving average is $67.40. SEI Investments has a 52-week low of $52.19 and a 52-week high of $75.97.

SEI Investments (NASDAQ:SEIC) last announced its earnings results on Wednesday, October 23rd. The asset manager reported $1.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.07 by $0.12. The business had revenue of $537.40 million for the quarter, compared to analyst estimates of $534.08 million. SEI Investments had a net margin of 25.44% and a return on equity of 23.25%. The company’s revenue for the quarter was up 12.7% compared to the same quarter last year. During the same period last year, the firm posted $0.87 earnings per share. Equities research analysts predict that SEI Investments will post 4.25 earnings per share for the current year.

SEI Investments announced that its board has approved a share repurchase plan on Tuesday, October 22nd that allows the company to repurchase $400.00 million in shares. This repurchase authorization allows the asset manager to buy up to 4.3% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s board believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Piper Sandler increased their price target on shares of SEI Investments from $74.00 to $77.00 and gave the company a “neutral” rating in a research note on Thursday. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $73.00 price target (down from $74.00) on shares of SEI Investments in a research note on Thursday, July 25th. Oppenheimer increased their price target on shares of SEI Investments from $81.00 to $85.00 and gave the company an “outperform” rating in a research note on Thursday. Finally, Morgan Stanley increased their price target on shares of SEI Investments from $70.00 to $75.00 and gave the company an “underweight” rating in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $77.50.

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.