SEI Investments (NASDAQ:SEIC) Shares Sold by Royce & Associates LP

Royce & Associates LP trimmed its stake in shares of SEI Investments (NASDAQ:SEIC) by 7.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,357,239 shares of the asset manager’s stock after selling 108,167 shares during the period. SEI Investments comprises about 1.0% of Royce & Associates LP’s portfolio, making the stock its 3rd largest position. Royce & Associates LP owned about 1.05% of SEI Investments worth $111,945,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. King Luther Capital Management Corp acquired a new stake in shares of SEI Investments in the 4th quarter valued at about $2,645,000. Boston Trust Walden Corp grew its holdings in shares of SEI Investments by 1.6% during the fourth quarter. Boston Trust Walden Corp now owns 1,306,329 shares of the asset manager’s stock worth $107,746,000 after buying an additional 20,020 shares in the last quarter. Longboard Asset Management LP acquired a new stake in SEI Investments in the 4th quarter valued at approximately $267,000. New York Life Investment Management LLC bought a new stake in SEI Investments in the 4th quarter valued at approximately $863,000. Finally, CHURCHILL MANAGEMENT Corp acquired a new position in SEI Investments during the 4th quarter worth approximately $1,818,000. 70.59% of the stock is owned by institutional investors.

Insider Activity at SEI Investments

In related news, insider Mark Andrew Warner sold 5,000 shares of the company’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $80.39, for a total value of $401,950.00. Following the transaction, the insider now owns 1,300 shares in the company, valued at approximately $104,507. This represents a 79.37 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Alfred P. West, Jr. sold 72,842 shares of the firm’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $79.45, for a total transaction of $5,787,296.90. Following the sale, the chairman now owns 7,160,080 shares of the company’s stock, valued at $568,868,356. This trade represents a 1.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 131,256 shares of company stock worth $10,729,443. Company insiders own 14.30% of the company’s stock.

SEI Investments Price Performance

Shares of SEIC opened at $73.98 on Friday. The company has a market cap of $9.39 billion, a PE ratio of 16.74, a price-to-earnings-growth ratio of 1.41 and a beta of 0.94. The firm has a 50-day moving average of $81.25 and a 200-day moving average of $77.75. SEI Investments has a one year low of $62.38 and a one year high of $87.25.

SEI Investments (NASDAQ:SEIC) last announced its quarterly 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%. Analysts expect that SEI Investments will post 4.86 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

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.