Arbejdsmarkedets Tillaegspension Acquires New Position in SEI Investments Company $SEIC

Arbejdsmarkedets Tillaegspension purchased a new position in SEI Investments Company (NASDAQ:SEIC) in the fourth quarter, HoldingsChannel reports. The firm purchased 285,176 shares of the asset manager’s stock, valued at approximately $23,390,000.

A number of other large investors also recently modified their holdings of the company. Bison Wealth LLC bought a new position in SEI Investments in the 4th quarter worth approximately $207,000. Baird Financial Group Inc. purchased a new stake in shares of SEI Investments during the 1st quarter worth approximately $201,000. Geneos Wealth Management Inc. boosted 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 valued at $41,000 after acquiring an additional 200 shares during the last quarter. M&T Bank Corp grew its holdings in shares of SEI Investments by 11.9% in the second quarter. M&T Bank Corp now owns 3,217 shares of the asset manager’s stock valued at $289,000 after purchasing an additional 341 shares in the last quarter. Finally, CW Advisors LLC purchased a new position in shares of SEI Investments in the second quarter valued at $280,000. Hedge funds and other institutional investors own 70.59% of the company’s stock.

SEI Investments Trading Down 1.2%

NASDAQ:SEIC opened at $90.58 on Friday. The firm has a 50-day simple moving average of $82.46 and a 200-day simple moving average of $82.74. SEI Investments Company has a one year low of $75.08 and a one year high of $93.96. The firm has a market cap of $10.89 billion, a P/E ratio of 15.46 and a beta of 1.00. The company has a debt-to-equity ratio of 0.07, a quick ratio of 4.40 and a current ratio of 4.52.

SEI Investments (NASDAQ:SEIC) last issued its quarterly earnings data on Wednesday, April 22nd. The asset manager reported $1.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.29 by $0.15. The company had revenue of $622.18 million for the quarter, compared to analyst estimates of $641.82 million. SEI Investments had a net margin of 31.17% and a return on equity of 30.70%. SEI Investments’s revenue was up 12.9% compared to the same quarter last year. During the same period last year, the company posted $1.17 earnings per share. Equities analysts anticipate that SEI Investments Company will post 5.89 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on SEIC shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of SEI Investments in a research note on Tuesday, April 21st. UBS Group started coverage on shares of SEI Investments in a report on Wednesday, February 4th. They issued a “buy” rating and a $115.00 target price on the stock. Morgan Stanley dropped their price target on SEI Investments from $119.00 to $108.00 and set an “overweight” rating for the company in a research report on Thursday, April 2nd. Keefe, Bruyette & Woods boosted their price objective on SEI Investments from $95.00 to $107.00 and gave the stock an “outperform” rating in a research note on Thursday, April 23rd. Finally, Raymond James Financial reaffirmed an “outperform” rating and issued a $82.00 price objective on shares of SEI Investments in a research note on Wednesday, April 29th. Seven research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, SEI Investments has a consensus rating of “Moderate Buy” and a consensus target price of $103.00.

Insider Buying and Selling at SEI Investments

In related news, insider Philip Mccabe sold 15,000 shares of the stock in a transaction that occurred on Thursday, April 23rd. The shares were sold at an average price of $91.82, for a total value of $1,377,300.00. Following the completion of the transaction, the insider directly owned 54,884 shares of the company’s stock, valued at $5,039,448.88. This trade represents a 21.46% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Kathryn Mccarthy sold 10,000 shares of SEI Investments stock in a transaction on Monday, May 4th. The stock was sold at an average price of $91.07, for a total transaction of $910,700.00. Following the sale, the director owned 77,883 shares of the company’s stock, valued at $7,092,804.81. The trade was a 11.38% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 120,447 shares of company stock valued at $10,235,499. Corporate insiders own 4.80% of the company’s stock.

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.