Louisiana State Employees Retirement System Sells 400 Shares of SEI Investments Company $SEIC

Louisiana State Employees Retirement System reduced its position in shares of SEI Investments Company (NASDAQ:SEIC) by 1.5% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 26,600 shares of the asset manager’s stock after selling 400 shares during the quarter. Louisiana State Employees Retirement System’s holdings in SEI Investments were worth $2,390,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Geneos Wealth Management Inc. grew its position in shares of SEI Investments by 60.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 532 shares of the asset manager’s stock worth $41,000 after buying an additional 200 shares during the period. Harbor Capital Advisors Inc. acquired a new position in shares of SEI Investments during the 2nd quarter worth about $45,000. Thurston Springer Miller Herd & Titak Inc. grew its position in shares of SEI Investments by 252.1% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 507 shares of the asset manager’s stock worth $46,000 after buying an additional 363 shares during the period. First Horizon Advisors Inc. grew its position in shares of SEI Investments by 38.9% during the 1st quarter. First Horizon Advisors Inc. now owns 803 shares of the asset manager’s stock worth $62,000 after buying an additional 225 shares during the period. Finally, Farther Finance Advisors LLC grew its position in shares of SEI Investments by 104.3% during the 1st quarter. Farther Finance Advisors LLC now owns 1,334 shares of the asset manager’s stock worth $103,000 after buying an additional 681 shares during the period. 70.59% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Piper Sandler decreased their target price on SEI Investments from $96.00 to $93.00 and set a “neutral” rating for the company in a research report on Thursday, July 24th. Zacks Research lowered SEI Investments from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 1st. Weiss Ratings reiterated a “buy (b)” rating on shares of SEI Investments in a research report on Wednesday. Raymond James Financial boosted their price objective on SEI Investments from $115.00 to $118.00 and gave the company an “outperform” rating in a research report on Thursday, July 24th. Finally, Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $98.00 price objective (down from $100.00) on shares of SEI Investments in a research report on Thursday, July 24th. Four equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $105.00.

SEI Investments Stock Down 3.4%

Shares of SEIC opened at $81.22 on Friday. The stock has a market capitalization of $10.04 billion, a P/E ratio of 15.24, a P/E/G ratio of 1.27 and a beta of 0.96. SEI Investments Company has a twelve month low of $64.66 and a twelve month high of $93.96. The company has a 50 day moving average of $87.10 and a 200-day moving average of $84.33.

SEI Investments (NASDAQ:SEIC) last issued its quarterly earnings results on Wednesday, July 23rd. The asset manager reported $1.78 earnings per share for the quarter, topping the consensus estimate of $1.18 by $0.60. The company had revenue of $559.60 million during the quarter, compared to analysts’ expectations of $550.72 million. SEI Investments had a net margin of 31.25% and a return on equity of 29.96%. The business’s quarterly revenue was up 7.8% on a year-over-year basis. During the same period last year, the business earned $1.05 EPS. On average, sell-side analysts anticipate that SEI Investments Company will post 4.86 earnings per share for the current fiscal year.

Insider Buying and Selling at SEI Investments

In other news, insider Mark Andrew Warner sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 29th. The shares were sold at an average price of $88.75, for a total transaction of $443,750.00. Following the completion of the transaction, the insider directly owned 1,300 shares of the company’s stock, valued at $115,375. This trade represents a 79.37% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Ryan Hicke sold 35,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $88.30, for a total transaction of $3,090,500.00. Following the transaction, the chief executive officer directly owned 171,260 shares of the company’s stock, valued at $15,122,258. This represents a 16.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 60,000 shares of company stock valued at $5,254,950 over the last quarter. Insiders own 14.60% of the company’s stock.

SEI Investments Company Profile

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.