1,400 Shares in SEI Investments (NASDAQ:SEIC) Purchased by Sachetta LLC

Sachetta LLC acquired a new stake in shares of SEI Investments (NASDAQ:SEIC) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,400 shares of the asset manager’s stock, valued at approximately $89,000.

Other institutional investors have also modified their holdings of the company. Gould Capital LLC raised its holdings in SEI Investments by 1.3% during the 3rd quarter. Gould Capital LLC now owns 14,744 shares of the asset manager’s stock valued at $872,000 after buying an additional 195 shares during the period. VisionPoint Advisory Group LLC raised its stake in shares of SEI Investments by 67.1% in the third quarter. VisionPoint Advisory Group LLC now owns 513 shares of the asset manager’s stock valued at $31,000 after acquiring an additional 206 shares during the period. Fiera Capital Corp lifted its holdings in shares of SEI Investments by 2.7% in the 3rd quarter. Fiera Capital Corp now owns 8,215 shares of the asset manager’s stock worth $495,000 after acquiring an additional 215 shares during the last quarter. Metis Global Partners LLC lifted its holdings in shares of SEI Investments by 4.3% in the 4th quarter. Metis Global Partners LLC now owns 5,584 shares of the asset manager’s stock worth $355,000 after acquiring an additional 231 shares during the last quarter. Finally, Treasurer of the State of North Carolina boosted its stake in shares of SEI Investments by 0.5% during the 3rd quarter. Treasurer of the State of North Carolina now owns 46,128 shares of the asset manager’s stock worth $2,778,000 after purchasing an additional 235 shares during the period. 70.59% of the stock is owned by institutional investors.

Insider Activity

In related news, insider Mark Andrew Warner sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $67.31, for a total value of $201,930.00. Following the completion of the transaction, the insider now owns 1,300 shares of the company’s stock, valued at $87,503. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other SEI Investments news, insider Mark Andrew Warner sold 3,000 shares of the business’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $67.31, for a total value of $201,930.00. Following the completion of the transaction, the insider now directly owns 1,300 shares in the company, valued at $87,503. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Paul Klauder sold 2,000 shares of the stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $69.80, for a total transaction of $139,600.00. Following the sale, the executive vice president now directly owns 20,752 shares of the company’s stock, valued at $1,448,489.60. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 292,363 shares of company stock worth $20,422,597. Corporate insiders own 14.30% of the company’s stock.

SEI Investments Trading Up 0.7 %

Shares of SEIC stock opened at $68.45 on Wednesday. SEI Investments has a twelve month low of $52.19 and a twelve month high of $72.54. The stock has a fifty day simple moving average of $68.59 and a two-hundred day simple moving average of $65.01. The stock has a market capitalization of $8.99 billion, a price-to-earnings ratio of 18.70, a P/E/G ratio of 1.37 and a beta of 1.03.

SEI Investments (NASDAQ:SEIC) last released its quarterly earnings data on Wednesday, April 24th. The asset manager reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.98 by $0.01. The company had revenue of $511.58 million during the quarter, compared to analyst estimates of $510.41 million. SEI Investments had a net margin of 24.80% and a return on equity of 22.91%. The firm’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.79 earnings per share. Research analysts predict that SEI Investments will post 4.13 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Oppenheimer raised their price objective on shares of SEI Investments from $77.00 to $80.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 9th. Keefe, Bruyette & Woods restated a “market perform” rating and set a $74.00 price objective (up previously from $72.00) on shares of SEI Investments in a report on Thursday, April 25th. StockNews.com upgraded SEI Investments from a “hold” rating to a “buy” rating in a research note on Saturday, March 2nd. Finally, Piper Sandler lowered their target price on shares of SEI Investments from $72.00 to $69.00 and set a “neutral” rating for the company in a research note on Thursday, April 25th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $71.00.

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.