Carl Guarino Sells 10,000 Shares of SEI Investments (NASDAQ:SEIC) Stock

Key Points

• Carl Guarino, a director at SEI Investments, sold 10,000 shares of the company's stock at an average price of $86.41, totaling $864,100, which reduced his ownership by 38.40%.
• The stock price for SEI Investments fell by 0.2%, closing at $85.97, with a trading volume significantly higher than its average.
• SEI Investments reported a strong earnings performance, with an EPS of $1.78, surpassing analysts' expectations, while maintaining a net margin of 31.25% and a year-over-year revenue increase of 7.8%.

SEI Investments Company (NASDAQ:SEIC - Get Free Report) Director Carl Guarino sold 10,000 shares of SEI Investments stock in a transaction dated Tuesday, September 23rd. The shares were sold at an average price of $86.41, for a total value of $864,100.00. Following the completion of the sale, the director owned 16,042 shares of the company's stock, valued at $1,386,189.22. The trade was a 38.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

SEI Investments Stock Down 0.2%

Shares of SEIC stock traded down $0.21 on Wednesday, hitting $85.97. The stock had a trading volume of 1,366,714 shares, compared to its average volume of 836,267. The business has a 50 day moving average price of $88.46 and a 200 day moving average price of $83.53. The company has a market cap of $10.63 billion, a PE ratio of 16.13, a P/E/G ratio of 1.32 and a beta of 0.98. SEI Investments Company has a one year low of $64.66 and a one year high of $93.96.

SEI Investments (NASDAQ:SEIC - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The asset manager reported $1.78 EPS for the quarter, topping analysts' consensus estimates of $1.18 by $0.60. The business had revenue of $559.60 million during the quarter, compared to the consensus estimate of $550.72 million. SEI Investments had a net margin of 31.25% and a return on equity of 29.96%. The firm's revenue was up 7.8% on a year-over-year basis. During the same period in the previous year, the company posted $1.05 earnings per share. Equities research analysts expect that SEI Investments Company will post 4.86 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Zacks Research downgraded shares of SEI Investments from a "strong-buy" rating to a "hold" rating in a report on Monday, September 1st. Oppenheimer boosted their price target on SEI Investments from $96.00 to $101.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 8th. Piper Sandler dropped their price target on SEI Investments from $96.00 to $93.00 and set a "neutral" rating on the stock in a research note on Thursday, July 24th. Keefe, Bruyette & Woods restated a "market perform" rating and set a $98.00 price target (down previously from $100.00) on shares of SEI Investments in a research note on Thursday, July 24th. Finally, Raymond James Financial boosted their price target on SEI Investments from $115.00 to $118.00 and gave the stock an "outperform" rating in a research note on Thursday, July 24th. Three research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, SEI Investments currently has an average rating of "Hold" and a consensus price target of $105.00.

Institutional Investors Weigh In On SEI Investments

Large investors have recently bought and sold shares of the company. CoreFirst Bank & Trust purchased a new stake in SEI Investments in the second quarter valued at approximately $34,000. Addison Advisors LLC boosted its position in SEI Investments by 117.6% in the second quarter. Addison Advisors LLC now owns 457 shares of the asset manager's stock valued at $41,000 after buying an additional 247 shares during the last quarter. Harbor Capital Advisors Inc. purchased a new stake in SEI Investments in the second quarter valued at approximately $45,000. Thurston Springer Miller Herd & Titak Inc. boosted its position in SEI Investments by 252.1% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 507 shares of the asset manager's stock valued at $46,000 after buying an additional 363 shares during the last quarter. Finally, Geneos Wealth Management Inc. boosted its position in SEI Investments by 60.2% in the first quarter. Geneos Wealth Management Inc. now owns 532 shares of the asset manager's stock valued at $41,000 after buying an additional 200 shares during the last quarter. Hedge funds and other institutional investors own 70.59% of the company's stock.

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.

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