Pensionfund Sabic Has $1.21 Million Holdings in SEI Investments Company $SEIC

Pensionfund Sabic lessened its stake in shares of SEI Investments Company (NASDAQ:SEIC) by 17.9% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 15,600 shares of the asset manager’s stock after selling 3,400 shares during the quarter. Pensionfund Sabic’s holdings in SEI Investments were worth $1,211,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of SEIC. Voya Investment Management LLC grew its stake in SEI Investments by 5.4% during the 1st quarter. Voya Investment Management LLC now owns 16,716 shares of the asset manager’s stock valued at $1,298,000 after acquiring an additional 857 shares in the last quarter. First Hawaiian Bank grew its stake in SEI Investments by 11.3% during the 1st quarter. First Hawaiian Bank now owns 7,528 shares of the asset manager’s stock valued at $584,000 after acquiring an additional 765 shares in the last quarter. Strs Ohio purchased a new position in SEI Investments during the 1st quarter valued at about $2,316,000. Geneos Wealth Management Inc. grew its stake in 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 in the last quarter. Finally, Bayforest Capital Ltd grew its stake in SEI Investments by 166.8% during the 1st quarter. Bayforest Capital Ltd now owns 10,021 shares of the asset manager’s stock valued at $778,000 after acquiring an additional 6,265 shares in the last quarter. Institutional investors and hedge funds own 70.59% of the company’s stock.

SEI Investments Trading Down 1.4%

SEIC opened at $86.50 on Friday. SEI Investments Company has a 1-year low of $64.66 and a 1-year high of $93.96. The stock has a market capitalization of $10.69 billion, a price-to-earnings ratio of 16.23, a P/E/G ratio of 1.33 and a beta of 0.98. The business has a 50 day moving average of $89.28 and a 200-day moving average of $83.09.

SEI Investments (NASDAQ:SEIC) last posted its quarterly earnings data on Wednesday, July 23rd. The asset manager reported $1.78 earnings per share for the quarter, beating the consensus estimate of $1.18 by $0.60. SEI Investments had a return on equity of 29.96% and a net margin of 31.25%.The company had revenue of $559.60 million during the quarter, compared to analysts’ expectations of $550.72 million. During the same period in the prior year, the business earned $1.05 earnings per share. SEI Investments’s revenue for the quarter was up 7.8% compared to the same quarter last year. Equities analysts predict that SEI Investments Company will post 4.86 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on SEIC. Piper Sandler lowered their target price on SEI Investments from $96.00 to $93.00 and set a “neutral” rating on the stock in a research note on Thursday, July 24th. Raymond James Financial increased their price objective on SEI Investments from $115.00 to $118.00 and gave the stock an “outperform” rating in a report on Thursday, July 24th. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $98.00 price objective (down previously from $100.00) on shares of SEI Investments in a report on Thursday, July 24th. Morgan Stanley reaffirmed an “overweight” rating and set a $100.00 target price (up previously from $84.00) on shares of SEI Investments in a research report on Thursday, June 26th. Finally, Oppenheimer upped their target price on SEI Investments from $96.00 to $101.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 8th. Three research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $102.00.

Insiders Place Their Bets

In related news, CEO Ryan Hicke sold 35,000 shares of the company’s stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $88.30, for a total value of $3,090,500.00. Following the completion of the transaction, the chief executive officer directly owned 171,260 shares in the company, valued at approximately $15,122,258. This represents a 16.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Mark Andrew Warner sold 5,000 shares of the company’s stock in a transaction on Tuesday, July 29th. The shares were sold at an average price of $88.75, for a total value of $443,750.00. Following the completion of the transaction, the insider owned 1,300 shares of the company’s stock, valued at $115,375. The trade was a 79.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate 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.