Insider Selling: SEI Investments (NASDAQ:SEIC) EVP Sells $260,000.00 in Stock

SEI Investments (NASDAQ:SEIC) EVP Wayne Withrow sold 4,000 shares of the business’s stock in a transaction on Tuesday, November 16th. The stock was sold at an average price of $65.00, for a total value of $260,000.00. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Wayne Withrow also recently made the following trade(s):

  • On Wednesday, November 10th, Wayne Withrow sold 4,000 shares of SEI Investments stock. The shares were sold at an average price of $64.47, for a total value of $257,880.00.
  • On Monday, November 1st, Wayne Withrow sold 3,000 shares of SEI Investments stock. The shares were sold at an average price of $63.95, for a total value of $191,850.00.

Shares of NASDAQ:SEIC opened at $63.58 on Thursday. The business’s 50 day simple moving average is $61.71 and its two-hundred day simple moving average is $61.91. The firm has a market cap of $8.87 billion, a P/E ratio of 17.42, a PEG ratio of 1.43 and a beta of 1.10. SEI Investments has a 52-week low of $52.12 and a 52-week high of $65.22.

SEI Investments (NASDAQ:SEIC) last issued its quarterly earnings data on Tuesday, October 19th. The asset manager reported $0.97 EPS for the quarter, topping the consensus estimate of $0.95 by $0.02. The firm had revenue of $485.32 million during the quarter, compared to the consensus estimate of $482.33 million. SEI Investments had a return on equity of 29.24% and a net margin of 28.34%. The company’s quarterly revenue was up 14.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.75 earnings per share. On average, equities research analysts expect that SEI Investments will post 3.74 earnings per share for the current year.

Several brokerages recently commented on SEIC. Truist Securities began coverage on SEI Investments in a research report on Tuesday, November 2nd. They set a “hold” rating and a $67.00 target price on the stock. Truist initiated coverage on SEI Investments in a research report on Tuesday, November 2nd. They set a “hold” rating and a $67.00 target price on the stock. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $68.58.

Several institutional investors have recently modified their holdings of the company. Atlanta Capital Management Co. L L C raised its stake in shares of SEI Investments by 22.5% in the second quarter. Atlanta Capital Management Co. L L C now owns 6,862,271 shares of the asset manager’s stock worth $425,255,000 after purchasing an additional 1,258,552 shares during the last quarter. State Street Corp raised its stake in shares of SEI Investments by 8.9% in the second quarter. State Street Corp now owns 5,911,314 shares of the asset manager’s stock worth $366,324,000 after purchasing an additional 482,019 shares during the last quarter. Bank of America Corp DE raised its stake in shares of SEI Investments by 1.4% in the second quarter. Bank of America Corp DE now owns 3,883,757 shares of the asset manager’s stock worth $240,675,000 after purchasing an additional 53,113 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of SEI Investments by 2.2% in the second quarter. Geode Capital Management LLC now owns 1,943,076 shares of the asset manager’s stock worth $120,381,000 after purchasing an additional 41,235 shares during the last quarter. Finally, Schroder Investment Management Group increased its position in shares of SEI Investments by 20.7% during the first quarter. Schroder Investment Management Group now owns 1,290,869 shares of the asset manager’s stock valued at $78,653,000 after acquiring an additional 221,391 shares during the last quarter. 69.21% of the stock is owned by hedge funds and other institutional investors.

SEI Investments Company Profile

SEI Investments Co engages in the provision of investment processing, investment management and investment operations platforms. It operates through the following business segments: Private Banks, Investment Advisors, Institutional Investors, Investment Managers, and Investments in New Businesses. The Private Banks segment provides outsourced investment processing and investment management platforms to banks and trust institutions, independent wealth advisers and financial advisors worldwide.

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