Tredje AP fonden Decreases Stock Holdings in SEI Investments (NASDAQ:SEIC)

Tredje AP fonden reduced its stake in SEI Investments (NASDAQ:SEIC) by 50.0% during the 4th quarter, HoldingsChannel.com reports. The firm owned 8,427 shares of the asset manager’s stock after selling 8,426 shares during the period. Tredje AP fonden’s holdings in SEI Investments were worth $695,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. Geode Capital Management LLC boosted its stake in SEI Investments by 13.5% during the 3rd quarter. Geode Capital Management LLC now owns 2,520,430 shares of the asset manager’s stock worth $174,092,000 after purchasing an additional 300,704 shares during the period. Boston Trust Walden Corp increased its holdings in shares of SEI Investments by 1.6% in the 4th quarter. Boston Trust Walden Corp now owns 1,306,329 shares of the asset manager’s stock valued at $107,746,000 after purchasing an additional 20,020 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of SEI Investments by 4.1% during the 4th quarter. Bank of New York Mellon Corp now owns 1,171,743 shares of the asset manager’s stock worth $96,645,000 after acquiring an additional 46,425 shares in the last quarter. FMR LLC grew its holdings in SEI Investments by 249.7% in the third quarter. FMR LLC now owns 885,113 shares of the asset manager’s stock valued at $61,241,000 after purchasing an additional 632,024 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in SEI Investments by 0.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 668,333 shares of the asset manager’s stock worth $55,124,000 after acquiring an additional 3,967 shares during the last quarter. 70.59% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other SEI Investments news, insider Mark Andrew Warner sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $80.39, for a total transaction of $401,950.00. Following the sale, the insider now directly owns 1,300 shares in the company, valued at approximately $104,507. This trade represents a 79.37 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Chairman Alfred P. West, Jr. sold 1,372 shares of SEI Investments stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $76.28, for a total value of $104,656.16. Following the completion of the sale, the chairman now directly owns 7,078,708 shares in the company, valued at approximately $539,963,846.24. This represents a 0.02 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 131,256 shares of company stock valued at $10,729,443 over the last quarter. Corporate insiders own 14.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. Keefe, Bruyette & Woods restated a “market perform” rating and set a $90.00 target price (up previously from $86.00) on shares of SEI Investments in a research report on Thursday, January 30th. Oppenheimer raised their price target on shares of SEI Investments from $85.00 to $94.00 and gave the company an “outperform” rating in a report on Tuesday, January 7th. Raymond James raised SEI Investments from a “market perform” rating to an “outperform” rating and set a $99.00 target price for the company in a research report on Thursday, January 30th. Morgan Stanley boosted their price objective on shares of SEI Investments from $75.00 to $80.00 and gave the stock an “underweight” rating in a report on Friday, January 3rd. Finally, Piper Sandler raised their price target on shares of SEI Investments from $77.00 to $87.00 and gave the stock a “neutral” rating in a research report on Monday, December 23rd. One analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $90.00.

SEI Investments Stock Performance

Shares of NASDAQ:SEIC opened at $73.98 on Friday. SEI Investments has a one year low of $62.38 and a one year high of $87.25. The company has a market capitalization of $9.39 billion, a PE ratio of 16.74, a price-to-earnings-growth ratio of 1.41 and a beta of 0.94. The stock has a fifty day moving average of $81.25 and a 200-day moving average of $77.75.

SEI Investments (NASDAQ:SEIC) last issued its earnings results on Wednesday, January 29th. The asset manager reported $1.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.21 by ($0.02). SEI Investments had a net margin of 27.35% and a return on equity of 25.51%. As a group, research analysts forecast that SEI Investments will post 4.86 EPS for the current fiscal year.

About SEI Investments

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.