Danske Bank A S Trims Holdings in SEI Investments Company $SEIC

Danske Bank A S trimmed its position in SEI Investments Company (NASDAQ:SEIC) by 61.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,685 shares of the asset manager’s stock after selling 32,762 shares during the quarter. Danske Bank A S’s holdings in SEI Investments were worth $1,697,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SEIC. Bison Wealth LLC purchased a new stake in SEI Investments in the 4th quarter worth approximately $207,000. Baird Financial Group Inc. bought a new stake in shares of SEI Investments during the first quarter valued at approximately $201,000. Geneos Wealth Management Inc. raised its position in shares of SEI Investments by 60.2% during the first quarter. Geneos Wealth Management Inc. now owns 532 shares of the asset manager’s stock valued at $41,000 after buying an additional 200 shares during the last quarter. M&T Bank Corp lifted its holdings in shares of SEI Investments by 11.9% in the second quarter. M&T Bank Corp now owns 3,217 shares of the asset manager’s stock worth $289,000 after buying an additional 341 shares in the last quarter. Finally, CW Advisors LLC purchased a new position in shares of SEI Investments in the second quarter worth $280,000. 70.59% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at SEI Investments

In other SEI Investments news, insider Mark Andrew Warner sold 4,000 shares of the firm’s stock in a transaction dated Tuesday, April 28th. The shares were sold at an average price of $91.16, for a total value of $364,640.00. Following the completion of the sale, the insider owned 921 shares of the company’s stock, valued at $83,958.36. This trade represents a 81.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Philip Mccabe sold 15,000 shares of the company’s stock in a transaction that occurred on Thursday, April 23rd. The shares were sold at an average price of $91.82, for a total value of $1,377,300.00. Following the transaction, the insider directly owned 54,884 shares in the company, valued at approximately $5,039,448.88. This represents a 21.46% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 120,447 shares of company stock worth $10,235,499. 4.80% of the stock is currently owned by insiders.

SEI Investments Price Performance

NASDAQ:SEIC opened at $90.79 on Wednesday. The firm has a market capitalization of $10.92 billion, a price-to-earnings ratio of 15.49 and a beta of 1.00. The company has a debt-to-equity ratio of 0.07, a current ratio of 4.52 and a quick ratio of 4.40. The business has a 50 day simple moving average of $80.90 and a 200-day simple moving average of $82.20. SEI Investments Company has a 1 year low of $75.08 and a 1 year high of $93.96.

SEI Investments (NASDAQ:SEIC) last released its quarterly earnings results on Wednesday, April 22nd. The asset manager reported $1.44 earnings per share for the quarter, beating the consensus estimate of $1.29 by $0.15. The company had revenue of $622.18 million for the quarter, compared to analyst estimates of $641.82 million. SEI Investments had a return on equity of 30.70% and a net margin of 31.17%.SEI Investments’s quarterly revenue was up 12.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.17 EPS. Equities analysts forecast that SEI Investments Company will post 5.9 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on SEIC shares. UBS Group began coverage on shares of SEI Investments in a research note on Wednesday, February 4th. They set a “buy” rating and a $115.00 target price for the company. Weiss Ratings reissued a “buy (b)” rating on shares of SEI Investments in a report on Tuesday, April 21st. Piper Sandler reaffirmed an “overweight” rating and issued a $105.00 target price (up from $99.00) on shares of SEI Investments in a report on Thursday, April 23rd. Raymond James Financial restated an “outperform” rating and set a $82.00 price target on shares of SEI Investments in a report on Wednesday, April 29th. Finally, Keefe, Bruyette & Woods increased their target price on SEI Investments from $95.00 to $107.00 and gave the company an “outperform” rating in a research report on Thursday, April 23rd. Seven analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, SEI Investments currently has a consensus rating of “Moderate Buy” and an average target price of $103.00.

About SEI Investments

SEI Investments Company is a global provider of asset management, investment processing, and investment operations solutions. The firm offers a range of services designed to help financial institutions, private banks, wealth managers and family offices streamline back-office functions and enhance front-office capabilities. SEI’s technology platforms support various stages of the investment lifecycle, including trade execution, performance reporting, risk analytics and client communications.

The company’s core offerings include outsourced fund administration, custody and trust services, managed account solutions, and wealth management technology.