SEI Investments (NASDAQ:SEIC) EVP Stephen Meyer sold 4,524 shares of the company’s stock in a transaction dated Wednesday, March 21st. The shares were sold at an average price of $77.59, for a total transaction of $351,017.16. Following the completion of the sale, the executive vice president now directly owns 97,748 shares of the company’s stock, valued at $7,584,267.32. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

Stephen Meyer also recently made the following trade(s):

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  • On Monday, March 12th, Stephen Meyer sold 20,424 shares of SEI Investments stock. The shares were sold at an average price of $77.44, for a total transaction of $1,581,634.56.

SEI Investments stock traded down $1.75 during midday trading on Thursday, reaching $75.95. The company’s stock had a trading volume of 218,821 shares, compared to its average volume of 679,511. The company has a current ratio of 4.14, a quick ratio of 4.07 and a debt-to-equity ratio of 0.02. The firm has a market cap of $12,127.73, a P/E ratio of 33.09, a PEG ratio of 1.98 and a beta of 1.28. SEI Investments has a 12-month low of $49.26 and a 12-month high of $78.35.

SEI Investments (NASDAQ:SEIC) last posted its quarterly earnings data on Wednesday, January 31st. The asset manager reported $0.75 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.15. The firm had revenue of $408.22 million for the quarter, compared to the consensus estimate of $397.96 million. SEI Investments had a return on equity of 26.74% and a net margin of 26.49%. The business’s revenue for the quarter was up 10.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.55 EPS. research analysts forecast that SEI Investments will post 3.24 earnings per share for the current fiscal year.

A number of equities research analysts have weighed in on SEIC shares. Zacks Investment Research raised shares of SEI Investments from a “hold” rating to a “strong-buy” rating and set a $84.00 price target for the company in a report on Friday, January 5th. BidaskClub raised shares of SEI Investments from a “hold” rating to a “buy” rating in a report on Saturday, March 3rd. Finally, Oppenheimer reissued a “buy” rating and issued a $80.00 price target on shares of SEI Investments in a report on Thursday, February 1st. Three analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $73.50.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Xact Kapitalforvaltning AB raised its holdings in SEI Investments by 15.1% during the 4th quarter. Xact Kapitalforvaltning AB now owns 13,565 shares of the asset manager’s stock worth $975,000 after buying an additional 1,778 shares during the period. Envestnet Asset Management Inc. raised its holdings in SEI Investments by 9.1% during the 4th quarter. Envestnet Asset Management Inc. now owns 80,246 shares of the asset manager’s stock worth $5,767,000 after buying an additional 6,662 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its holdings in SEI Investments by 3.7% during the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 83,154 shares of the asset manager’s stock worth $5,975,000 after buying an additional 3,000 shares during the period. Sawtooth Solutions LLC acquired a new stake in SEI Investments during the 4th quarter worth about $228,000. Finally, Woodard & Co. Asset Management Group Inc. ADV acquired a new stake in SEI Investments during the 4th quarter worth about $122,000. Hedge funds and other institutional investors own 70.50% of the company’s stock.

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About SEI Investments

SEI Investments Company provides investment processing, investment management and investment operations solutions. The Company provides its solutions to financial institutions, financial advisors, institutional investors, investment managers and ultra-high-net-worth families in the United States, Canada, the United Kingdom, continental Europe and various other locations around the world.

Insider Buying and Selling by Quarter for SEI Investments (NASDAQ:SEIC)

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