SEI Investments (NASDAQ:SEIC) Stock: Insider Alfred West, Jr. Sells 5,483 Shares

SEI Investments Company (NASDAQ:SEIC) Chairman Alfred West, Jr. sold 5,483 shares of the stock in a transaction that occurred on Wednesday, September 30th. The stock was sold at an average price of $103.16, for a total transaction of $565,626.28. Following the completion of the sale, the chairman directly owned 6,784,574 shares of the company’s stock, valued at $699,896,653.84. This trade represents a 0.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

SEI Investments Stock Up 1.2%

SEIC traded up $1.21 on Thursday, reaching $103.87. 661,208 shares of the company traded hands, compared to its average volume of 790,714. The stock’s 50 day moving average price is $106.10 and its 200-day moving average price is $93.90. SEI Investments Company has a 52-week low of $75.08 and a 52-week high of $112.15. The company has a market cap of $12.47 billion, a price-to-earnings ratio of 18.32 and a beta of 0.97. The company has a debt-to-equity ratio of 0.06, a current ratio of 5.06 and a quick ratio of 4.96.

SEI Investments (NASDAQ:SEIC) last released its quarterly earnings data on Wednesday, July 22nd. The asset manager reported $1.66 earnings per share for the quarter, beating the consensus estimate of $1.44 by $0.22. SEI Investments had a net margin of 28.85% and a return on equity of 29.16%. The firm had revenue of $641.62 million for the quarter, compared to analyst estimates of $636.35 million. During the same quarter in the prior year, the business earned $1.78 EPS. The company’s revenue for the quarter was up 14.7% compared to the same quarter last year. On average, sell-side analysts expect that SEI Investments Company will post 6.21 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. BlackRock Inc. bought a new position in shares of SEI Investments during the 2nd quarter valued at $870,745,000. Bank of America Corp DE bought a new stake in SEI Investments in the second quarter worth $255,067,000. Caisse de depot et placement du Quebec bought a new stake in SEI Investments in the second quarter worth $87,924,000. Bank of New York Mellon Corp acquired a new position in SEI Investments during the second quarter worth $78,430,000. Finally, American Capital Management Inc. acquired a new position in SEI Investments during the second quarter worth $65,372,000. Institutional investors and hedge funds own 70.59% of the company’s stock.

Analysts Set New Price Targets

SEIC has been the topic of a number of research reports. Wall Street Zen raised shares of SEI Investments from a “hold” rating to a “buy” rating in a research note on Saturday, July 25th. Morgan Stanley boosted their target price on SEI Investments from $115.00 to $125.00 and gave the company an “overweight” rating in a research note on Thursday, July 23rd. Keefe, Bruyette & Woods boosted their target price on SEI Investments from $113.00 to $119.00 and gave the company an “outperform” rating in a research note on Thursday, July 23rd. Raymond James Financial upped their target price on SEI Investments from $122.00 to $124.00 and gave the stock an “outperform” rating in a research report on Monday, July 6th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of SEI Investments in a research note on Friday, July 17th. Seven analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $122.60.

SEI Investments Company Profile

SEI Investments Company (NASDAQ:SEIC) is a global provider of investment processing, management, and operations solutions. The company serves financial institutions, wealth managers, asset managers, investment managers, and institutional investors through technology-enabled platforms and outsourced services.

Its offerings include investment accounting, fund administration, portfolio management, compliance support, wealth management technology, and data and analytics solutions. SEI also provides investment strategies and manages assets for institutions, advisors, and private clients through its investment management business.

Founded in 1968 by Alfred P.