Ashton Thomas Private Wealth LLC Trims Stock Position in SEI Investments Company $SEIC

Key Points

• Ashton Thomas Private Wealth LLC cut its stake in SEI Investments by 84.4% in Q4, selling 53,922 shares and leaving 9,980 shares valued at about $824,000.
• Several large institutions (Qube, Caisse de dépôt, Prana, Ameriprise, UBS) materially increased their SEIC positions, and institutional investors now own 70.59% of the company.
• SEI reported EPS $1.44 (beating estimates) while revenue of $622.2M missed consensus but rose 12.9% year-over-year; analysts are largely positive with a consensus target of $103, even as insiders sold roughly 110,447 shares (~$9.3M) in the past 90 days.

Ashton Thomas Private Wealth LLC lessened its holdings in SEI Investments Company (NASDAQ:SEIC - Free Report) by 84.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,980 shares of the asset manager's stock after selling 53,922 shares during the period. Ashton Thomas Private Wealth LLC's holdings in SEI Investments were worth $824,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of SEIC. Qube Research & Technologies Ltd lifted its holdings in shares of SEI Investments by 82.5% in the third quarter. Qube Research & Technologies Ltd now owns 766,775 shares of the asset manager's stock valued at $65,061,000 after purchasing an additional 346,696 shares in the last quarter. Caisse de depot et placement du Quebec lifted its holdings in shares of SEI Investments by 31.0% in the third quarter. Caisse de depot et placement du Quebec now owns 1,343,757 shares of the asset manager's stock valued at $114,018,000 after purchasing an additional 317,703 shares in the last quarter. Prana Capital Management LP lifted its holdings in shares of SEI Investments by 60.8% in the third quarter. Prana Capital Management LP now owns 711,311 shares of the asset manager's stock valued at $60,355,000 after purchasing an additional 269,023 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of SEI Investments by 37.2% in the third quarter. Ameriprise Financial Inc. now owns 815,694 shares of the asset manager's stock valued at $69,206,000 after purchasing an additional 221,033 shares in the last quarter. Finally, UBS Group AG lifted its holdings in shares of SEI Investments by 43.4% in the fourth quarter. UBS Group AG now owns 636,192 shares of the asset manager's stock valued at $52,180,000 after purchasing an additional 192,470 shares in the last quarter. Hedge funds and other institutional investors own 70.59% of the company's stock.

SEI Investments Stock Performance

NASDAQ:SEIC opened at $90.68 on Friday. The firm has a 50 day simple moving average of $80.71 and a 200-day simple moving average of $82.15. The company has a debt-to-equity ratio of 0.07, a current ratio of 4.52 and a quick ratio of 4.40. The firm has a market cap of $10.91 billion, a PE ratio of 15.47 and a beta of 0.94. SEI Investments Company has a 1-year low of $75.08 and a 1-year high of $93.96.

SEI Investments (NASDAQ:SEIC - Get Free Report) last released its earnings results on Wednesday, April 22nd. The asset manager reported $1.44 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.29 by $0.15. The firm had revenue of $622.18 million during the quarter, compared to the consensus estimate of $641.82 million. SEI Investments had a net margin of 31.17% and a return on equity of 30.70%. SEI Investments's revenue was up 12.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.17 earnings per share. On average, equities analysts expect that SEI Investments Company will post 5.9 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have issued reports on SEIC. Weiss Ratings reaffirmed a "buy (b)" rating on shares of SEI Investments in a report on Tuesday, April 21st. Raymond James Financial reissued an "outperform" rating and issued a $82.00 price objective on shares of SEI Investments in a research report on Wednesday. Piper Sandler reissued an "overweight" rating and issued a $105.00 price objective (up from $99.00) on shares of SEI Investments in a research report on Thursday, April 23rd. Keefe, Bruyette & Woods boosted their price objective on shares of SEI Investments from $95.00 to $107.00 and gave the company an "outperform" rating in a research report on Thursday, April 23rd. Finally, Morgan Stanley cut their price objective on shares of SEI Investments from $119.00 to $108.00 and set an "overweight" rating for the company in a research report on Thursday, April 2nd. Seven research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat, SEI Investments currently has an average rating of "Moderate Buy" and a consensus target price of $103.00.

Insider Activity at SEI Investments

In other SEI Investments news, insider Mark Andrew Warner sold 4,000 shares of the stock in a transaction that occurred on Tuesday, April 28th. The shares were sold at an average price of $91.16, for a total transaction of $364,640.00. Following the transaction, the insider owned 921 shares of the company's stock, valued at $83,958.36. This trade represents a 81.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Sanjay Sharma sold 25,000 shares of the stock in a transaction that occurred on Thursday, April 23rd. The stock was sold at an average price of $90.12, for a total transaction of $2,253,000.00. Following the transaction, the insider directly owned 39,829 shares in the company, valued at approximately $3,589,389.48. This represents a 38.56% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 110,447 shares of company stock worth $9,324,799. Company insiders own 14.60% of the company's stock.

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.

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