Tredje AP fonden Sells 8,426 Shares of SEI Investments (NASDAQ:SEIC)

Tredje AP fonden cut its stake in SEI Investments (NASDAQ:SEIC) by 50.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,427 shares of the asset manager’s stock after selling 8,426 shares during the quarter. Tredje AP fonden’s holdings in SEI Investments were worth $695,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. FMR LLC boosted its stake in shares of SEI Investments by 249.7% during the 3rd quarter. FMR LLC now owns 885,113 shares of the asset manager’s stock worth $61,241,000 after purchasing an additional 632,024 shares during the period. Raymond James Financial Inc. purchased a new position in shares of SEI Investments during the fourth quarter valued at approximately $42,548,000. Los Angeles Capital Management LLC purchased a new stake in shares of SEI Investments in the fourth quarter worth approximately $26,702,000. Geode Capital Management LLC lifted its stake in shares of SEI Investments by 13.5% during the 3rd quarter. Geode Capital Management LLC now owns 2,520,430 shares of the asset manager’s stock worth $174,092,000 after acquiring an additional 300,704 shares during the last quarter. Finally, Portman Square Capital LLP boosted its holdings in SEI Investments by 113.1% during the 4th quarter. Portman Square Capital LLP now owns 17,408 shares of the asset manager’s stock valued at $1,436,000 after acquiring an additional 149,840 shares during the period. 70.59% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at SEI Investments

In other news, Chairman Alfred P. West, Jr. sold 1,372 shares of SEI Investments stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $76.28, for a total value of $104,656.16. Following the transaction, the chairman now owns 7,078,708 shares of the company’s stock, valued at $539,963,846.24. The trade was a 0.02 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Mark Andrew Warner sold 5,000 shares of the stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $80.39, for a total transaction of $401,950.00. Following the sale, the insider now directly owns 1,300 shares of the company’s stock, valued at $104,507. The trade was a 79.37 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 131,256 shares of company stock valued at $10,729,443 over the last quarter. 14.30% of the stock is owned by corporate insiders.

SEI Investments Stock Performance

Shares of SEIC opened at $73.98 on Friday. The stock has a market capitalization of $9.39 billion, a PE ratio of 16.74, a PEG ratio of 1.41 and a beta of 0.94. The company has a 50 day moving average price of $81.25 and a 200-day moving average price of $77.75. SEI Investments has a fifty-two week low of $62.38 and a fifty-two week high of $87.25.

SEI Investments (NASDAQ:SEIC) last posted its earnings results on Wednesday, January 29th. The asset manager reported $1.19 earnings per share for the quarter, missing analysts’ consensus estimates of $1.21 by ($0.02). SEI Investments had a return on equity of 25.51% and a net margin of 27.35%. Equities research analysts forecast that SEI Investments will post 4.86 EPS for the current year.

Wall Street Analyst Weigh In

SEIC has been the topic of a number of recent analyst reports. Morgan Stanley increased their target price on SEI Investments from $75.00 to $80.00 and gave the stock an “underweight” rating in a research note on Friday, January 3rd. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $90.00 price objective (up previously from $86.00) on shares of SEI Investments in a report on Thursday, January 30th. Oppenheimer upped their target price on shares of SEI Investments from $85.00 to $94.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 7th. Raymond James raised shares of SEI Investments from a “market perform” rating to an “outperform” rating and set a $99.00 price target for the company in a research note on Thursday, January 30th. Finally, Piper Sandler raised their price objective on SEI Investments from $77.00 to $87.00 and gave the stock a “neutral” rating in a report on Monday, December 23rd. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $90.00.

About SEI Investments

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.