Ghe LLC Buys 7,739 Shares of SEI Investments (NASDAQ:SEIC)

Ghe LLC raised its stake in shares of SEI Investments (NASDAQ:SEIC) by 92.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,084 shares of the asset manager’s stock after acquiring an additional 7,739 shares during the period. Ghe LLC’s holdings in SEI Investments were worth $1,022,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. IFG Advisory LLC increased its position in shares of SEI Investments by 109.1% during the 4th quarter. IFG Advisory LLC now owns 58,292 shares of the asset manager’s stock valued at $3,704,000 after purchasing an additional 30,408 shares during the last quarter. Diversified Trust Co increased its position in shares of SEI Investments by 299.3% during the 4th quarter. Diversified Trust Co now owns 55,230 shares of the asset manager’s stock valued at $3,510,000 after purchasing an additional 41,397 shares during the last quarter. Nordea Investment Management AB increased its position in shares of SEI Investments by 9.8% during the 4th quarter. Nordea Investment Management AB now owns 9,445 shares of the asset manager’s stock valued at $601,000 after purchasing an additional 841 shares during the last quarter. Raymond James & Associates increased its position in shares of SEI Investments by 4.0% during the 3rd quarter. Raymond James & Associates now owns 474,836 shares of the asset manager’s stock valued at $28,599,000 after purchasing an additional 18,397 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC increased its position in shares of SEI Investments by 507.3% during the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 88,571 shares of the asset manager’s stock valued at $5,335,000 after purchasing an additional 73,987 shares during the last quarter. 70.59% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Piper Sandler lifted their price objective on SEI Investments from $66.00 to $72.00 and gave the stock a “neutral” rating in a report on Wednesday, April 10th. Oppenheimer lifted their price objective on SEI Investments from $77.00 to $80.00 and gave the stock an “outperform” rating in a report on Tuesday, April 9th. Finally, StockNews.com raised SEI Investments from a “hold” rating to a “buy” rating in a report on Saturday, March 2nd. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $70.25.

SEI Investments Stock Down 0.6 %

SEIC traded down $0.40 during trading hours on Wednesday, hitting $66.60. The stock had a trading volume of 1,562,252 shares, compared to its average volume of 577,194. SEI Investments has a 1 year low of $52.19 and a 1 year high of $72.54. The company’s fifty day simple moving average is $68.55 and its 200 day simple moving average is $63.31. The stock has a market cap of $8.76 billion, a PE ratio of 19.25, a price-to-earnings-growth ratio of 1.37 and a beta of 1.02.

SEI Investments (NASDAQ:SEIC) last issued its earnings results on Wednesday, April 24th. The asset manager reported $0.99 EPS for the quarter, topping the consensus estimate of $0.98 by $0.01. SEI Investments had a return on equity of 22.40% and a net margin of 24.08%. The business had revenue of $511.58 million during the quarter, compared to the consensus estimate of $510.41 million. During the same quarter last year, the company earned $0.79 EPS. The firm’s revenue was up 9.1% compared to the same quarter last year. As a group, equities analysts expect that SEI Investments will post 4.08 EPS for the current year.

Insiders Place Their Bets

In other SEI Investments news, EVP Wayne Withrow sold 16,970 shares of the firm’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $66.16, for a total value of $1,122,735.20. Following the completion of the transaction, the executive vice president now owns 55,399 shares in the company, valued at approximately $3,665,197.84. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, insider Sanjay Sharma sold 15,000 shares of SEI Investments stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $67.20, for a total transaction of $1,008,000.00. Following the completion of the sale, the insider now owns 16,895 shares in the company, valued at approximately $1,135,344. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Wayne Withrow sold 16,970 shares of SEI Investments stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $66.16, for a total value of $1,122,735.20. Following the sale, the executive vice president now owns 55,399 shares of the company’s stock, valued at approximately $3,665,197.84. The disclosure for this sale can be found here. Insiders sold a total of 206,333 shares of company stock worth $14,481,612 in the last quarter. 15.50% of the stock is owned by company 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.