SEI Investments (NASDAQ:SEIC) Insider Sells $1,377,300.00 in Stock
by Jessica Moore · The Cerbat GemSEI Investments Company (NASDAQ:SEIC – Get Free Report) insider Philip Mccabe sold 15,000 shares of the company’s stock in a transaction that occurred on 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 completion of the transaction, the insider owned 54,884 shares in the company, valued at $5,039,448.88. This represents a 21.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
SEI Investments Trading Down 3.0%
SEIC traded down $2.71 during trading hours on Friday, reaching $88.34. The company’s stock had a trading volume of 568,856 shares, compared to its average volume of 854,404. SEI Investments Company has a fifty-two week low of $75.08 and a fifty-two week high of $93.96. The stock has a market cap of $10.69 billion, a PE ratio of 15.09 and a beta of 0.94. The business’s 50-day moving average is $79.62 and its 200-day moving average is $81.92. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.29 and a quick ratio of 3.20.
SEI Investments (NASDAQ:SEIC – Get Free Report) last released its quarterly earnings data on Wednesday, April 22nd. The asset manager reported $1.44 EPS for the quarter, beating analysts’ consensus estimates of $1.29 by $0.15. SEI Investments had a return on equity of 30.98% and a net margin of 31.17%.The firm had revenue of $622.18 million for the quarter, compared to analysts’ expectations of $641.82 million. During the same period in the prior year, the firm posted $1.17 earnings per share. The firm’s quarterly revenue was up 12.9% on a year-over-year basis. As a group, equities research analysts predict that SEI Investments Company will post 5.44 earnings per share for the current fiscal year.
Institutional Trading of SEI Investments
A number of institutional investors have recently made changes to their positions in the stock. Root Financial Partners LLC acquired a new stake in SEI Investments during the third quarter valued at approximately $28,000. SJS Investment Consulting Inc. grew its position in SEI Investments by 142.9% in the 3rd quarter. SJS Investment Consulting Inc. now owns 357 shares of the asset manager’s stock worth $30,000 after purchasing an additional 210 shares during the last quarter. Community Bank N.A. acquired a new stake in SEI Investments in the 3rd quarter worth $35,000. Allworth Financial LP boosted its position in shares of SEI Investments by 44.0% during the 3rd quarter. Allworth Financial LP now owns 432 shares of the asset manager’s stock valued at $37,000 after acquiring an additional 132 shares in the last quarter. Finally, CIBC Private Wealth Group LLC increased its holdings in SEI Investments by 353.1% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 435 shares of the asset manager’s stock valued at $37,000 after purchasing an additional 339 shares in the last quarter. 70.59% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of research analysts have recently weighed in on the stock. Raymond James Financial reissued an “outperform” rating and set a $117.00 price objective on shares of SEI Investments in a research note on Monday, January 5th. UBS Group started coverage on shares of SEI Investments in a research note on Wednesday, February 4th. They issued a “buy” rating and a $115.00 target price for the company. Keefe, Bruyette & Woods lifted their target price on shares of SEI Investments from $95.00 to $107.00 and gave the stock an “outperform” rating in a research note on Thursday. Morgan Stanley lowered their target price on shares of SEI Investments from $119.00 to $108.00 and set an “overweight” rating for the company in a research note on Thursday, April 2nd. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of SEI Investments in a research note on Tuesday. Seven equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, SEI Investments has an average rating of “Moderate Buy” and a consensus target price of $108.83.
Get Our Latest Report on SEI Investments
SEI Investments News Summary
Here are the key news stories impacting SEI Investments this week:
- Positive Sentiment: Q1 EPS and margins topped expectations — SEI reported stronger profitability (EPS beat, higher operating margin and year‑over‑year revenue and operating income growth), which supports longer‑term earnings visibility for the asset‑manager business. PR Newswire: Q1 Results
- Positive Sentiment: Analyst bullishness rising — Keefe, Bruyette & Woods raised its price target to $107 and kept an outperform rating, giving the stock measurable upside from recent levels and supporting buy‑side interest. Benzinga: Price Target Raise
- Neutral Sentiment: Revenue slightly missed some Street forecasts — total revenue grew year‑over‑year but came in a bit below certain analyst estimates, a mixed signal that limits an outright rally despite the EPS beat. Zacks: Q1 Recap
- Neutral Sentiment: Mixed operational cash metrics and AUM commentary — some callouts on the call and transcripts note cash‑flow changes and AUM composition that warrant closer scrutiny by investors. Yahoo Finance: Call Highlights
- Negative Sentiment: Significant insider selling — Director/insider Sanjay Sharma disclosed a sale of 25,000 shares (~38.6% reduction in his holding) at about $90.12; the print follows a pattern of executive sales noted in filings, which can prompt investor caution and selling pressure. SEC Form 4
- Negative Sentiment: Short‑term profit‑taking after an initial rally — some outlets reported an immediate post‑earnings uptick; combined with the revenue miss and insider sales, that likely triggered trimming of positions. QuiverQuant: Market Reaction
About SEI Investments
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.