Swiss Life Asset Management Ltd Has $402,000 Stock Position in SEI Investments Company $SEIC

Swiss Life Asset Management Ltd lessened its stake in shares of SEI Investments Company (NASDAQ:SEIC) by 87.0% during the third quarter, Holdings Channel.com reports. The firm owned 4,733 shares of the asset manager’s stock after selling 31,568 shares during the period. Swiss Life Asset Management Ltd’s holdings in SEI Investments were worth $402,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in SEIC. Root Financial Partners LLC bought a new position in SEI Investments in the third quarter worth approximately $28,000. SJS Investment Consulting Inc. grew its stake in SEI Investments by 142.9% in the third quarter. SJS Investment Consulting Inc. now owns 357 shares of the asset manager’s stock valued at $30,000 after acquiring an additional 210 shares during the period. CoreFirst Bank & Trust bought a new stake in shares of SEI Investments during the second quarter valued at approximately $34,000. Community Bank N.A. acquired a new position in shares of SEI Investments during the third quarter worth approximately $35,000. Finally, CIBC Private Wealth Group LLC raised its position in shares of SEI Investments by 353.1% during the third quarter. CIBC Private Wealth Group LLC now owns 435 shares of the asset manager’s stock worth $37,000 after purchasing an additional 339 shares during the period. 70.59% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently issued reports on SEIC shares. Morgan Stanley lifted their price target on shares of SEI Investments from $115.00 to $117.00 and gave the company an “overweight” rating in a research report on Tuesday, January 6th. Keefe, Bruyette & Woods raised their price objective on shares of SEI Investments from $97.00 to $102.00 and gave the company an “outperform” rating in a research note on Thursday, January 8th. Weiss Ratings reiterated a “buy (b)” rating on shares of SEI Investments in a report on Thursday, January 22nd. Raymond James Financial reissued an “outperform” rating and set a $117.00 target price on shares of SEI Investments in a research report on Monday, January 5th. Finally, Piper Sandler restated an “overweight” rating and issued a $106.00 target price on shares of SEI Investments in a report on Friday, February 20th. Seven analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $109.67.

SEI Investments Stock Down 1.5%

Shares of NASDAQ:SEIC opened at $77.20 on Thursday. The business’s 50 day moving average is $82.08 and its 200 day moving average is $82.93. SEI Investments Company has a 12-month low of $64.66 and a 12-month high of $93.96. The stock has a market cap of $9.44 billion, a price-to-earnings ratio of 13.71 and a beta of 0.96. The company has a quick ratio of 3.20, a current ratio of 3.29 and a debt-to-equity ratio of 0.04.

SEI Investments (NASDAQ:SEIC) last released its quarterly earnings results on Wednesday, January 28th. The asset manager reported $1.30 EPS for the quarter, missing analysts’ consensus estimates of $1.34 by ($0.04). The company had revenue of $607.93 million during the quarter, compared to analysts’ expectations of $596.97 million. SEI Investments had a net margin of 31.14% and a return on equity of 30.26%. The company’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same period in the previous year, the company posted $1.19 earnings per share. On average, sell-side analysts forecast that SEI Investments Company will post 4.86 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Mark Andrew Warner sold 4,000 shares of the business’s stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $81.74, for a total transaction of $326,960.00. Following the transaction, the insider directly owned 921 shares in the company, valued at approximately $75,282.54. The trade was a 81.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Ryan Hicke sold 80,000 shares of the company’s stock in a transaction dated Thursday, January 29th. The stock was sold at an average price of $87.36, for a total transaction of $6,988,800.00. Following the completion of the sale, the chief executive officer directly owned 197,164 shares of the company’s stock, valued at $17,224,247.04. The trade was a 28.86% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 146,447 shares of company stock worth $12,318,659 over the last quarter. Insiders own 14.60% of the company’s stock.

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.