SEI Investments (NASDAQ:SEIC) Shares Sold by Interval Partners LP

Interval Partners LP trimmed its holdings in shares of SEI Investments (NASDAQ:SEIC) by 0.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 200,230 shares of the asset manager’s stock after selling 804 shares during the period. Interval Partners LP owned approximately 0.15% of SEI Investments worth $12,953,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in SEIC. Fairfield Financial Advisors LTD acquired a new position in shares of SEI Investments in the second quarter worth about $30,000. TFO Wealth Partners LLC lifted its position in shares of SEI Investments by 6,277.8% during the 4th quarter. TFO Wealth Partners LLC now owns 574 shares of the asset manager’s stock valued at $36,000 after buying an additional 565 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in SEI Investments by 78.3% in the 1st quarter. EverSource Wealth Advisors LLC now owns 626 shares of the asset manager’s stock worth $41,000 after acquiring an additional 275 shares in the last quarter. Bessemer Group Inc. raised its position in SEI Investments by 184.7% during the first quarter. Bessemer Group Inc. now owns 595 shares of the asset manager’s stock worth $43,000 after acquiring an additional 386 shares during the period. Finally, Mather Group LLC. lifted its holdings in SEI Investments by 181.2% during the second quarter. Mather Group LLC. now owns 776 shares of the asset manager’s stock valued at $50,000 after purchasing an additional 500 shares in the last quarter. 70.59% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently weighed in on SEIC shares. Keefe, Bruyette & Woods restated a “market perform” rating and set a $73.00 price target (down previously from $74.00) on shares of SEI Investments in a research report on Thursday, July 25th. Piper Sandler lowered their price target on SEI Investments from $72.00 to $71.00 and set a “neutral” rating on the stock in a research note on Thursday, July 25th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $71.25.

Insider Buying and Selling at SEI Investments

In related news, Chairman Alfred P. West, Jr. sold 61,000 shares of the firm’s stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $67.36, for a total transaction of $4,108,960.00. Following the completion of the sale, the chairman now directly owns 7,504,285 shares of the company’s stock, valued at approximately $505,488,637.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other SEI Investments news, Chairman Alfred P. West, Jr. sold 61,000 shares of the company’s stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $67.36, for a total transaction of $4,108,960.00. Following the transaction, the chairman now directly owns 7,504,285 shares in the company, valued at $505,488,637.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Alfred P. West, Jr. sold 44,163 shares of SEI Investments stock in a transaction on Monday, August 26th. The shares were sold at an average price of $67.55, for a total value of $2,983,210.65. Following the completion of the sale, the chairman now directly owns 7,605,414 shares of the company’s stock, valued at $513,745,715.70. The disclosure for this sale can be found here. Insiders have sold 132,582 shares of company stock worth $8,942,405 over the last quarter. 14.30% of the stock is currently owned by company insiders.

SEI Investments Stock Performance

NASDAQ SEIC opened at $68.10 on Monday. SEI Investments has a fifty-two week low of $52.19 and a fifty-two week high of $72.54. The stock’s fifty day moving average is $66.74 and its two-hundred day moving average is $67.25. The firm has a market capitalization of $8.95 billion, a P/E ratio of 18.61, a price-to-earnings-growth ratio of 1.34 and a beta of 0.99.

SEI Investments (NASDAQ:SEIC) last posted its earnings results on Wednesday, July 24th. The asset manager reported $1.05 earnings per share for the quarter, beating the consensus estimate of $1.04 by $0.01. SEI Investments had a net margin of 25.44% and a return on equity of 23.25%. The company had revenue of $518.99 million for the quarter, compared to analyst estimates of $523.80 million. During the same period in the previous year, the business posted $0.89 EPS. SEI Investments’s revenue was up 6.1% on a year-over-year basis. As a group, sell-side analysts forecast that SEI Investments will post 4.2 EPS for the current year.

SEI Investments 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.