Algert Global LLC Sells 8,793 Shares of SEI Investments (NASDAQ:SEIC)

Algert Global LLC trimmed its stake in SEI Investments (NASDAQ:SEIC) by 12.4% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 62,300 shares of the asset manager’s stock after selling 8,793 shares during the period. Algert Global LLC’s holdings in SEI Investments were worth $4,030,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in SEIC. Dimensional Fund Advisors LP raised its stake in shares of SEI Investments by 19.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,380,311 shares of the asset manager’s stock valued at $89,291,000 after acquiring an additional 222,631 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in shares of SEI Investments in the 1st quarter valued at approximately $14,172,000. Jupiter Asset Management Ltd. bought a new position in shares of SEI Investments in the 2nd quarter valued at approximately $7,787,000. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of SEI Investments in the 4th quarter valued at approximately $6,990,000. Finally, Power Corp of Canada bought a new position in shares of SEI Investments in the 4th quarter valued at approximately $5,649,000. 70.59% of the stock is owned by institutional investors.

SEI Investments Stock Down 0.1 %

Shares of NASDAQ SEIC opened at $69.19 on Tuesday. The business’s 50 day moving average is $66.90 and its two-hundred day moving average is $67.24. The company has a market cap of $9.09 billion, a P/E ratio of 18.90, a P/E/G ratio of 1.37 and a beta of 0.99. SEI Investments has a 12 month low of $52.19 and a 12 month high of $72.54.

SEI Investments (NASDAQ:SEIC) last announced its quarterly earnings data on Wednesday, July 24th. The asset manager reported $1.05 earnings per share for the quarter, topping the consensus estimate of $1.04 by $0.01. SEI Investments had a return on equity of 23.25% and a net margin of 25.44%. The company had revenue of $518.99 million for the quarter, compared to analyst estimates of $523.80 million. During the same quarter last year, the firm earned $0.89 EPS. SEI Investments’s revenue for the quarter was up 6.1% compared to the same quarter last year. Sell-side analysts expect that SEI Investments will post 4.2 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on SEIC shares. Piper Sandler cut their price objective 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. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $73.00 price target (down from $74.00) on shares of SEI Investments in a research report on Thursday, July 25th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $71.25.

Insider Transactions at SEI Investments

In other news, Chairman Alfred P. West, Jr. sold 27,419 shares of SEI Investments stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $67.48, for a total transaction of $1,850,234.12. Following the sale, the chairman now owns 7,649,577 shares of the company’s stock, valued at approximately $516,193,455.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Chairman Alfred P. West, Jr. sold 27,419 shares of SEI Investments stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $67.48, for a total transaction of $1,850,234.12. Following the sale, the chairman now owns 7,649,577 shares of the company’s stock, valued at approximately $516,193,455.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Alfred P. West, Jr. sold 44,163 shares of SEI Investments stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $67.55, for a total value of $2,983,210.65. Following the sale, the chairman now directly owns 7,605,414 shares in the company, valued at approximately $513,745,715.70. The disclosure for this sale can be found here. In the last quarter, insiders have sold 132,582 shares of company stock valued at $8,942,405. 14.30% of the stock is owned by corporate insiders.

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.