SEI Investments Company $SEIC Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue cut its holdings in shares of SEI Investments Company (NASDAQ:SEIC) by 95.3% in the 4th quarter, Holdings Channel reports. The firm owned 9,308 shares of the asset manager’s stock after selling 188,808 shares during the period. State of Alaska Department of Revenue’s holdings in SEI Investments were worth $763,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Diversify Advisory Services LLC grew its position in SEI Investments by 16.5% in the fourth quarter. Diversify Advisory Services LLC now owns 13,060 shares of the asset manager’s stock worth $1,123,000 after buying an additional 1,848 shares during the last quarter. Flagship Harbor Advisors LLC bought a new position in shares of SEI Investments in the fourth quarter valued at $93,000. Portside Wealth Group LLC lifted its position in shares of SEI Investments by 6.5% during the 4th quarter. Portside Wealth Group LLC now owns 9,790 shares of the asset manager’s stock valued at $803,000 after acquiring an additional 597 shares during the last quarter. Leo Wealth LLC boosted its stake in shares of SEI Investments by 11.7% during the 4th quarter. Leo Wealth LLC now owns 3,336 shares of the asset manager’s stock worth $274,000 after acquiring an additional 349 shares in the last quarter. Finally, Signaturefd LLC boosted its stake in shares of SEI Investments by 35.2% during the 4th quarter. Signaturefd LLC now owns 3,733 shares of the asset manager’s stock worth $306,000 after acquiring an additional 972 shares in the last quarter. 70.59% of the stock is currently owned by institutional investors.

SEI Investments Price Performance

Shares of NASDAQ:SEIC opened at $91.05 on Friday. The firm has a market cap of $11.02 billion, a price-to-earnings ratio of 15.54 and a beta of 0.94. SEI Investments Company has a 1 year low of $75.08 and a 1 year high of $93.96. The company has a current ratio of 3.29, a quick ratio of 3.20 and a debt-to-equity ratio of 0.04. The business has a fifty day simple moving average of $79.62 and a 200 day simple moving average of $81.92.

SEI Investments (NASDAQ:SEIC) last issued its earnings results on Wednesday, April 22nd. The asset manager reported $1.44 EPS for the quarter, beating analysts’ consensus estimates of $1.29 by $0.15. SEI Investments had a return on equity of 30.98% and a net margin of 31.17%.The firm had revenue of $622.18 million for the quarter, compared to the consensus estimate of $641.82 million. During the same quarter in the previous year, the company posted $1.17 earnings per share. The business’s quarterly revenue was up 12.9% compared to the same quarter last year. As a group, sell-side analysts predict that SEI Investments Company will post 5.44 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently weighed in on SEIC. Weiss Ratings reiterated a “buy (b)” rating on shares of SEI Investments in a research report on Tuesday. Raymond James Financial reaffirmed an “outperform” rating and set a $117.00 price objective on shares of SEI Investments in a research note on Monday, January 5th. Keefe, Bruyette & Woods raised their target price on shares of SEI Investments from $95.00 to $107.00 and gave the stock an “outperform” rating in a report on Thursday. UBS Group initiated coverage on shares of SEI Investments in a research report on Wednesday, February 4th. They issued a “buy” rating and a $115.00 target price on the stock. Finally, Piper Sandler restated an “overweight” rating and set a $105.00 price target (up from $99.00) on shares of SEI Investments in a report on Thursday. Seven research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $108.83.

Insider Transactions at SEI Investments

In related news, CEO Ryan Hicke sold 80,000 shares of the business’s stock in a transaction that occurred on Thursday, January 29th. The stock was sold at an average price of $87.36, for a total value of $6,988,800.00. Following the completion of the sale, the chief executive officer owned 197,164 shares of the company’s stock, valued at approximately $17,224,247.04. The trade was a 28.86% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Mark Andrew Warner sold 4,000 shares of the stock in a transaction that occurred on Wednesday, February 25th. The stock was sold at an average price of $81.74, for a total value of $326,960.00. Following the completion of the transaction, the insider owned 921 shares in the company, valued at $75,282.54. This represents a 81.28% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 171,447 shares of company stock worth $14,571,659. 14.60% of the stock is owned by corporate insiders.

SEI Investments News Summary

Here are the key news stories impacting SEI Investments this week:

• Positive Sentiment: Q1 earnings beat and margin improvement: SEI reported Q1 EPS that topped consensus and showed year‑over‑year growth in revenue, operating income and operating margin — metrics investors typically reward in asset managers. Read More.
• Positive Sentiment: Analyst upgrade and higher price target: Keefe, Bruyette & Woods raised its price target to $107 and kept an outperform rating, giving the stock notable upside from current levels and supporting bullish sentiment. Read More.
• Neutral Sentiment: Revenue/AUM mix: Revenue and AUM rose year‑over‑year and cash‑flow metrics showed growth in some areas, but total revenue for the quarter slightly trailed some street estimates — a mixed signal that tempers the beat. Read More.
• Negative Sentiment: Insider selling: Director/insider Sanjay Sharma sold 25,000 shares (~38.6% reduction in his holding) at an average price of $90.12, disclosed in an SEC Form 4 — a signal some investors view as cautionary. Read More.

SEI Investments Company Profile

SEI Investments Company is a global provider of asset management, investment processing, and investment operations solutions. The firm offers a range of services designed to help financial institutions, private banks, wealth managers and family offices streamline back-office functions and enhance front-office capabilities. SEI’s technology platforms support various stages of the investment lifecycle, including trade execution, performance reporting, risk analytics and client communications.

The company’s core offerings include outsourced fund administration, custody and trust services, managed account solutions, and wealth management technology.