SEI Investments (NASDAQ:SEIC) Director Sells $291,250.00 in Stock

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SEI Investments (NASDAQ:SEIC) Director Sarah Blumenstein sold 5,000 shares of the business’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $58.25, for a total transaction of $291,250.00. Following the completion of the sale, the director now directly owns 10,681 shares of the company’s stock, valued at $622,168.25. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

NASDAQ:SEIC opened at $55.68 on Thursday. SEI Investments has a one year low of $42.27 and a one year high of $64.21. The company has a debt-to-equity ratio of 0.02, a quick ratio of 5.61 and a current ratio of 5.78. The company has a market cap of $8.41 billion, a price-to-earnings ratio of 17.73, a P/E/G ratio of 1.49 and a beta of 1.31. The firm has a 50-day simple moving average of $57.23.

SEI Investments (NASDAQ:SEIC) last posted its quarterly earnings results on Wednesday, July 24th. The asset manager reported $0.82 EPS for the quarter, beating the consensus estimate of $0.79 by $0.03. SEI Investments had a net margin of 29.85% and a return on equity of 29.86%. The business had revenue of $409.60 million during the quarter, compared to analyst estimates of $412.28 million. During the same quarter in the previous year, the business posted $0.75 EPS. The company’s quarterly revenue was up 1.2% compared to the same quarter last year. Sell-side analysts expect that SEI Investments will post 3.22 EPS for the current fiscal year.

Several large investors have recently bought and sold shares of SEIC. Citadel Advisors LLC raised its holdings in shares of SEI Investments by 249.1% in the 2nd quarter. Citadel Advisors LLC now owns 1,928,938 shares of the asset manager’s stock valued at $108,214,000 after purchasing an additional 1,376,469 shares in the last quarter. FIL Ltd bought a new stake in shares of SEI Investments in the 1st quarter valued at about $30,695,000. Dimensional Fund Advisors LP raised its holdings in shares of SEI Investments by 67.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 866,478 shares of the asset manager’s stock valued at $40,030,000 after purchasing an additional 349,016 shares in the last quarter. Parnassus Investments CA raised its holdings in shares of SEI Investments by 25.4% in the 1st quarter. Parnassus Investments CA now owns 1,590,474 shares of the asset manager’s stock valued at $83,102,000 after purchasing an additional 322,254 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of SEI Investments by 19.1% in the 4th quarter. Geode Capital Management LLC now owns 1,770,128 shares of the asset manager’s stock valued at $81,741,000 after purchasing an additional 283,678 shares in the last quarter. Institutional investors and hedge funds own 69.65% of the company’s stock.

Several research firms have issued reports on SEIC. ValuEngine raised shares of SEI Investments from a “sell” rating to a “hold” rating in a research report on Tuesday, June 11th. Zacks Investment Research cut shares of SEI Investments from a “buy” rating to a “hold” rating and set a $63.00 price objective for the company. in a research report on Tuesday, June 11th. BidaskClub raised shares of SEI Investments from a “buy” rating to a “strong-buy” rating in a research report on Saturday, July 27th. Finally, William Blair reissued a “market perform” rating on shares of SEI Investments in a research report on Monday, April 22nd. Five investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. SEI Investments currently has an average rating of “Hold” and a consensus target price of $61.50.

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.

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Insider Buying and Selling by Quarter for SEI Investments (NASDAQ:SEIC)

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