34,229 Shares in SEI Investments Company $SEIC Purchased by Third View Private Wealth LLC

Key Points

• Third View Private Wealth LLC opened a new Q4 position in SEI Investments (NASDAQ:SEIC), buying 34,229 shares worth about $2.81 million per its 13F filing.
• Insiders sold a sizable amount in the last quarter—146,447 shares valued at roughly $12.32 million—although insiders still own 14.30% and institutional investors hold 70.59% of the stock.
• Wall Street sentiment is largely bullish with 7 Buy and 2 Hold ratings and an average price target of $105.83, well above the recent share price near $78.80.

Third View Private Wealth LLC bought a new position in shares of SEI Investments Company (NASDAQ:SEIC - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 34,229 shares of the asset manager's stock, valued at approximately $2,807,000.

Several other hedge funds have also recently added to or reduced their stakes in SEIC. Bison Wealth LLC purchased a new position in shares of SEI Investments in the 4th quarter worth about $207,000. Baird Financial Group Inc. purchased a new position in shares of SEI Investments in the 1st quarter worth about $201,000. Geneos Wealth Management Inc. boosted its holdings in shares of SEI Investments by 60.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 532 shares of the asset manager's stock worth $41,000 after purchasing an additional 200 shares in the last quarter. M&T Bank Corp grew its position in SEI Investments by 11.9% during the second quarter. M&T Bank Corp now owns 3,217 shares of the asset manager's stock valued at $289,000 after acquiring an additional 341 shares during the last quarter. Finally, CW Advisors LLC bought a new position in SEI Investments during the second quarter valued at approximately $280,000. Institutional investors own 70.59% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Raymond James Financial reiterated an "outperform" rating and set a $117.00 price target on shares of SEI Investments in a research report on Monday, January 5th. Piper Sandler reduced their price target on shares of SEI Investments from $106.00 to $99.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 7th. Weiss Ratings reiterated a "buy (b)" rating on shares of SEI Investments in a research report on Thursday, January 22nd. Morgan Stanley reduced their price target on shares of SEI Investments from $119.00 to $108.00 and set an "overweight" rating on the stock in a research report on Thursday, April 2nd. Finally, UBS Group assumed coverage on shares of SEI Investments in a research report on Wednesday, February 4th. They set a "buy" rating and a $115.00 price target on the stock. Seven research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat, SEI Investments currently has an average rating of "Moderate Buy" and an average target price of $105.83.

SEI Investments Trading Up 2.4%

NASDAQ SEIC opened at $78.80 on Tuesday. SEI Investments Company has a 1-year low of $69.04 and a 1-year high of $93.96. The company has a current ratio of 3.29, a quick ratio of 3.20 and a debt-to-equity ratio of 0.04. The stock has a 50-day moving average of $79.72 and a 200-day moving average of $82.03. The firm has a market cap of $9.63 billion, a PE ratio of 14.00 and a beta of 0.94.

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

Insider Activity

In other news, insider Mark Andrew Warner sold 4,000 shares of the business's stock in a transaction dated Wednesday, February 25th. The stock was sold at an average price of $81.74, for a total value of $326,960.00. Following the completion of the sale, the insider owned 921 shares of the company's stock, valued at approximately $75,282.54. The trade was a 81.28% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Chairman Alfred P. West, Jr. sold 7,447 shares of the business's stock in a transaction dated Wednesday, March 11th. The shares were sold at an average price of $79.26, for a total value of $590,249.22. Following the completion of the sale, the chairman directly owned 6,875,783 shares of the company's stock, valued at approximately $544,974,560.58. This trade represents a 0.11% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 146,447 shares of company stock valued at $12,318,659. Insiders own 14.30% of the company's stock.

SEI Investments Company 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.

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