Fideuram Intesa Sanpaolo Private Banking S.P.A. Invests $3.22 Million in SEI Investments Company $SEIC

Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new position in SEI Investments Company (NASDAQ:SEIC) in the 4th quarter, HoldingsChannel reports. The fund bought 39,217 shares of the asset manager’s stock, valued at approximately $3,217,000.

Several other hedge funds and other institutional investors have also modified their holdings of the business. ProShare Advisors LLC boosted its position in shares of SEI Investments by 4.0% in the fourth quarter. ProShare Advisors LLC now owns 405,354 shares of the asset manager’s stock worth $33,247,000 after buying an additional 15,733 shares during the period. Envestnet Portfolio Solutions Inc. boosted its position in SEI Investments by 5.4% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 26,300 shares of the asset manager’s stock valued at $2,157,000 after purchasing an additional 1,351 shares during the last quarter. North Dakota State Investment Board acquired a new stake in SEI Investments during the fourth quarter valued at $303,000. Convergence Investment Partners LLC boosted its position in SEI Investments by 13.0% during the fourth quarter. Convergence Investment Partners LLC now owns 27,640 shares of the asset manager’s stock valued at $2,267,000 after purchasing an additional 3,176 shares during the last quarter. Finally, Thrivent Financial for Lutherans boosted its position in SEI Investments by 23.5% during the fourth quarter. Thrivent Financial for Lutherans now owns 311,567 shares of the asset manager’s stock valued at $25,554,000 after purchasing an additional 59,336 shares during the last quarter. Institutional investors and hedge funds own 70.59% of the company’s stock.

Insider Activity at SEI Investments

In other SEI Investments news, Chairman Alfred P. West, Jr. sold 55,000 shares of the firm’s 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 transaction, the chairman directly owned 6,883,230 shares in the company, valued at $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 is available at the SEC website. Also, insider Philip Mccabe sold 15,000 shares of the firm’s stock in a transaction dated Thursday, April 23rd. The shares were sold at an average price of $91.82, for a total value of $1,377,300.00. Following the transaction, the insider owned 54,884 shares in the company, valued at approximately $5,039,448.88. This trade represents a 21.46% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 120,447 shares of company stock valued at $10,235,499. Insiders own 4.80% of the company’s stock.

SEI Investments Price Performance

NASDAQ SEIC opened at $90.77 on Thursday. SEI Investments Company has a fifty-two week low of $75.08 and a fifty-two week high of $93.96. The stock’s 50-day moving average is $83.05 and its two-hundred day moving average is $82.96. The company has a debt-to-equity ratio of 0.07, a current ratio of 4.52 and a quick ratio of 4.40. The firm has a market cap of $10.92 billion, a P/E ratio of 15.49 and a beta of 1.00.

SEI Investments (NASDAQ:SEIC) last posted its earnings results on Wednesday, April 22nd. The asset manager reported $1.44 earnings per share for the quarter, beating the consensus estimate of $1.29 by $0.15. SEI Investments had a return on equity of 30.70% and a net margin of 31.17%.The company had revenue of $622.18 million for the quarter, compared to analyst estimates of $641.82 million. During the same period last year, the company earned $1.17 earnings per share. The business’s revenue was up 12.9% compared to the same quarter last year. On average, analysts anticipate that SEI Investments Company will post 5.89 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

SEIC has been the subject of a number of research reports. Raymond James Financial reissued an “outperform” rating and set a $82.00 price objective on shares of SEI Investments in a research report on Wednesday, April 29th. Weiss Ratings reissued a “buy (b)” rating on shares of SEI Investments in a research report on Tuesday, April 21st. Keefe, Bruyette & Woods lifted their price objective on SEI Investments from $95.00 to $107.00 and gave the company an “outperform” rating in a research report on Thursday, April 23rd. Piper Sandler reissued an “overweight” rating and set a $105.00 price objective (up from $99.00) on shares of SEI Investments in a research report on Thursday, April 23rd. Finally, Morgan Stanley reduced their price objective on SEI Investments from $119.00 to $108.00 and set an “overweight” rating for the company in a research report on Thursday, April 2nd. Seven investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $103.00.

SEI Investments 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.