SEI Investments (NASDAQ:SEIC) Shares Sold by Olympiad Research LP

Olympiad Research LP trimmed its holdings in shares of SEI Investments (NASDAQ:SEIC) by 8.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 6,443 shares of the asset manager’s stock after selling 565 shares during the quarter. Olympiad Research LP’s holdings in SEI Investments were worth $446,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Fairfield Financial Advisors LTD purchased a new stake in SEI Investments during the 2nd quarter worth approximately $30,000. Livforsakringsbolaget Skandia Omsesidigt grew its holdings in SEI Investments by 925.9% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 554 shares of the asset manager’s stock worth $38,000 after acquiring an additional 500 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of SEI Investments by 78.3% in the 1st quarter. EverSource Wealth Advisors LLC now owns 626 shares of the asset manager’s stock valued at $41,000 after purchasing an additional 275 shares in the last quarter. Bessemer Group Inc. lifted its holdings in SEI Investments by 184.7% during the 1st quarter. Bessemer Group Inc. now owns 595 shares of the asset manager’s stock worth $43,000 after buying an additional 386 shares during the last quarter. Finally, Mather Group LLC. grew its position in shares of SEI Investments by 181.2% during the 2nd quarter. Mather Group LLC. now owns 776 shares of the asset manager’s stock valued at $50,000 after buying an additional 500 shares during the last quarter. 70.59% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at SEI Investments

In other SEI Investments news, Chairman Alfred P. West, Jr. sold 44,163 shares of the business’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $67.55, for a total transaction of $2,983,210.65. Following the sale, the chairman now directly owns 7,605,414 shares of the company’s stock, valued at $513,745,715.70. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Chairman Alfred P. West, Jr. sold 27,419 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $67.48, for a total transaction of $1,850,234.12. Following the transaction, the chairman now owns 7,649,577 shares of the company’s stock, valued at approximately $516,193,455.96. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Alfred P. West, Jr. sold 44,163 shares of SEI Investments stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $67.55, for a total transaction of $2,983,210.65. Following the completion of the sale, the chairman now owns 7,605,414 shares of the company’s stock, valued at $513,745,715.70. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 185,646 shares of company stock worth $12,926,334. 14.30% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Morgan Stanley boosted their price objective on SEI Investments from $70.00 to $75.00 and gave the company an “underweight” rating in a research report on Thursday, October 24th. Oppenheimer raised their target price on SEI Investments from $81.00 to $85.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Piper Sandler upped their price objective on shares of SEI Investments from $74.00 to $77.00 and gave the stock a “neutral” rating in a report on Thursday, October 24th. Finally, Keefe, Bruyette & Woods reissued a “market perform” rating and set a $73.00 target price (down previously from $74.00) on shares of SEI Investments in a research note on Thursday, July 25th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $77.50.

SEI Investments Stock Performance

Shares of NASDAQ:SEIC opened at $81.07 on Thursday. The stock has a fifty day moving average of $70.43 and a 200-day moving average of $67.90. The company has a market capitalization of $10.45 billion, a PE ratio of 19.33, a price-to-earnings-growth ratio of 1.44 and a beta of 0.97. SEI Investments has a one year low of $55.64 and a one year high of $81.07.

SEI Investments (NASDAQ:SEIC) last posted its quarterly earnings data on Wednesday, October 23rd. The asset manager reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.12. SEI Investments had a return on equity of 24.29% and a net margin of 26.60%. The firm had revenue of $537.40 million for the quarter, compared to the consensus estimate of $534.08 million. During the same quarter in the previous year, the company earned $0.87 EPS. The business’s revenue for the quarter was up 12.7% compared to the same quarter last year. As a group, research analysts forecast that SEI Investments will post 4.38 EPS for the current fiscal year.

SEI Investments announced that its Board of Directors has initiated a stock buyback plan on Tuesday, October 22nd that allows the company to repurchase $400.00 million in outstanding shares. This repurchase authorization allows the asset manager to purchase up to 4.3% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s board believes its stock is undervalued.

About SEI Investments

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.