SEI Investments (NASDAQ:SEIC) CEO Sells $4,151,625.00 in Stock

SEI Investments Company (NASDAQ:SEIC) CEO Ryan Hicke sold 37,500 shares of the business’s stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $110.71, for a total transaction of $4,151,625.00. Following the completion of the transaction, the chief executive officer owned 192,815 shares of the company’s stock, valued at approximately $21,346,548.65. The trade was a 16.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

SEI Investments Stock Performance

SEIC stock opened at $106.77 on Friday. The stock has a market capitalization of $12.81 billion, a PE ratio of 18.83 and a beta of 0.97. SEI Investments Company has a 12-month low of $75.08 and a 12-month high of $112.15. The company has a current ratio of 5.06, a quick ratio of 4.96 and a debt-to-equity ratio of 0.06. The stock’s 50 day simple moving average is $103.77 and its 200 day simple moving average is $91.56.

SEI Investments (NASDAQ:SEIC) last posted its earnings results on Wednesday, July 22nd. The asset manager reported $1.66 EPS for the quarter, topping analysts’ consensus estimates of $1.44 by $0.22. SEI Investments had a return on equity of 29.16% and a net margin of 28.85%.The business had revenue of $641.62 million during the quarter, compared to analyst estimates of $636.35 million. During the same quarter last year, the company earned $1.78 EPS. The company’s quarterly revenue was up 14.7% compared to the same quarter last year. As a group, research analysts forecast that SEI Investments Company will post 6.2 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on SEIC shares. Wall Street Zen upgraded SEI Investments from a “hold” rating to a “buy” rating in a report on Saturday, July 25th. Zacks Research downgraded shares of SEI Investments from a “strong-buy” rating to a “hold” rating in a report on Friday, August 21st. Morgan Stanley lifted their price target on shares of SEI Investments from $115.00 to $125.00 and gave the stock an “overweight” rating in a research note on Thursday, July 23rd. Raymond James Financial boosted their price objective on shares of SEI Investments from $122.00 to $124.00 and gave the company an “outperform” rating in a report on Monday, July 6th. Finally, UBS Group restated a “buy” rating and set a $125.00 price objective on shares of SEI Investments in a research report on Thursday, July 23rd. Six equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, SEI Investments has an average rating of “Moderate Buy” and an average price target of $122.60.

Institutional Investors Weigh In On SEI Investments

Several hedge funds and other institutional investors have recently modified their holdings of SEIC. Oxbow Advisors LLC purchased a new stake in SEI Investments in the 1st quarter worth $3,283,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new position in shares of SEI Investments during the fourth quarter valued at about $3,217,000. Lazard Asset Management LLC increased its holdings in shares of SEI Investments by 85.2% in the first quarter. Lazard Asset Management LLC now owns 38,037 shares of the asset manager’s stock worth $2,985,000 after purchasing an additional 17,504 shares during the last quarter. King Luther Capital Management Corp increased its holdings in shares of SEI Investments by 10.2% in the fourth quarter. King Luther Capital Management Corp now owns 137,439 shares of the asset manager’s stock worth $11,273,000 after purchasing an additional 12,713 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd bought a new stake in shares of SEI Investments in the first quarter worth about $3,625,000. 70.59% of the stock is currently owned by hedge funds and other institutional investors.

About SEI Investments

SEI Investments Company is a financial technology and investment solutions provider serving wealth managers, asset managers, institutional investors, banks and family offices. The company combines technology, outsourced operations and investment expertise to help clients manage portfolios, administer funds and support their broader financial businesses.

Its offerings include the SEI Wealth Platform, which provides technology and operating infrastructure for wealth management firms; investment processing and administration services; fund accounting and administration; and technology and operational support for investment managers.