Ghe LLC purchased a new stake in SEI Investments Company (NASDAQ:SEIC – Free Report) in the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 7,054 shares of the asset manager’s stock, valued at approximately $579,000.
A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Arizona State Retirement System raised its position in shares of SEI Investments by 0.4% during the third quarter. Arizona State Retirement System now owns 31,307 shares of the asset manager’s stock worth $2,656,000 after acquiring an additional 129 shares during the last quarter. Allworth Financial LP increased its holdings in SEI Investments by 44.0% in the third quarter. Allworth Financial LP now owns 432 shares of the asset manager’s stock valued at $37,000 after purchasing an additional 132 shares during the last quarter. Johnson Investment Counsel Inc. increased its holdings in SEI Investments by 0.5% in the third quarter. Johnson Investment Counsel Inc. now owns 29,852 shares of the asset manager’s stock valued at $2,533,000 after purchasing an additional 153 shares during the last quarter. Farther Finance Advisors LLC increased its holdings in SEI Investments by 10.4% in the fourth quarter. Farther Finance Advisors LLC now owns 1,704 shares of the asset manager’s stock valued at $140,000 after purchasing an additional 161 shares during the last quarter. Finally, GAMMA Investing LLC increased its holdings in SEI Investments by 2.3% in the fourth quarter. GAMMA Investing LLC now owns 7,260 shares of the asset manager’s stock valued at $595,000 after purchasing an additional 164 shares during the last quarter. Institutional investors and hedge funds own 70.59% of the company’s stock.
SEI Investments Stock Up 0.3%
Shares of SEI Investments stock opened at $90.76 on Wednesday. SEI Investments Company has a 1 year low of $75.08 and a 1 year high of $93.96. The business has a 50-day moving average of $83.90 and a two-hundred day moving average of $83.21. The company has a market capitalization of $10.92 billion, a P/E ratio of 15.49 and a beta of 1.00. The company has a debt-to-equity ratio of 0.07, a current ratio of 4.52 and a quick ratio of 4.40.
Analysts Set New Price Targets
A number of research firms recently commented on SEIC. Keefe, Bruyette & Woods upped their price objective on SEI Investments from $95.00 to $107.00 and gave the company an “outperform” rating in a report on Thursday, April 23rd. Weiss Ratings reiterated a “buy (b)” rating on shares of SEI Investments in a report on Tuesday, April 21st. Raymond James Financial reiterated an “outperform” rating and issued a $82.00 price objective on shares of SEI Investments in a report on Wednesday, April 29th. UBS Group began coverage on SEI Investments in a report on Wednesday, February 4th. They issued a “buy” rating and a $115.00 price objective for the company. Finally, Piper Sandler reiterated an “overweight” rating and issued a $105.00 price objective (up from $99.00) on shares of SEI Investments in a report on Thursday, April 23rd. Seven analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $103.00.
View Our Latest Analysis on SEIC
Insider Buying and Selling at SEI Investments
In related news, Chairman Alfred P. West, Jr. sold 55,000 shares of the stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $80.23, for a total transaction of $4,412,650.00. Following the completion of the transaction, the chairman directly owned 6,883,230 shares in the company, valued at approximately $552,241,542.90. This trade represents a 0.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Sanjay Sharma sold 25,000 shares of the stock in a transaction dated Thursday, April 23rd. The stock was sold at an average price of $90.12, for a total value of $2,253,000.00. Following the transaction, the insider owned 39,829 shares of the company’s stock, valued at approximately $3,589,389.48. The trade was a 38.56% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 116,447 shares of company stock valued at $9,908,539 in the last 90 days. 4.80% of the stock is currently owned by corporate insiders.
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.
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Want to see what other hedge funds are holding SEIC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SEI Investments Company (NASDAQ:SEIC – Free Report).
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