PFA Pension Forsikringsaktieselskab Takes $43.19 Million Position in SEI Investments Company $SEIC

Key Points

• PFA Pension bought a new stake of 519,312 shares in SEI Investments, valued at about $43.19 million, representing roughly 0.42% of the company.
• Insiders sold 110,447 shares (~$9.32 million) in the last quarter — including Chairman Alfred P. West Jr.'s sale of 55,000 shares — leaving insiders with 14.60% ownership while institutions hold 70.59%.
• SEI beat quarterly EPS estimates ($1.44 vs. $1.29) despite a revenue miss, and analysts rate the stock a consensus "Moderate Buy" with an average price target of $103.

PFA Pension Forsikringsaktieselskab purchased a new stake in SEI Investments Company (NASDAQ:SEIC - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 519,312 shares of the asset manager's stock, valued at approximately $43,186,000. PFA Pension Forsikringsaktieselskab owned 0.42% of SEI Investments as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in SEIC. Root Financial Partners LLC acquired a new position in shares of SEI Investments in the 3rd quarter valued at $28,000. SJS Investment Consulting Inc. grew its holdings in shares of SEI Investments by 142.9% in the 3rd quarter. SJS Investment Consulting Inc. now owns 357 shares of the asset manager's stock valued at $30,000 after buying an additional 210 shares during the period. Community Bank N.A. acquired a new position in shares of SEI Investments in the 3rd quarter valued at $35,000. Allworth Financial LP grew its holdings in shares of SEI Investments by 44.0% in the 3rd quarter. Allworth Financial LP now owns 432 shares of the asset manager's stock valued at $37,000 after buying an additional 132 shares during the period. Finally, CIBC Private Wealth Group LLC grew its holdings in shares of SEI Investments by 353.1% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 435 shares of the asset manager's stock valued at $37,000 after buying an additional 339 shares during the period. Institutional investors and hedge funds own 70.59% of the company's stock.

Insider Activity at SEI Investments

In other news, Chairman Alfred P. West, Jr. sold 55,000 shares of the stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $80.23, for a total transaction of $4,412,650.00. Following the completion of the transaction, the chairman directly owned 6,883,230 shares in the company, valued at $552,241,542.90. This represents a 0.79% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Sanjay Sharma sold 25,000 shares of the stock in a transaction dated 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 owned 39,829 shares of the company's stock, valued at approximately $3,589,389.48. This represents a 38.56% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 110,447 shares of company stock valued at $9,324,799 in the last quarter. 14.60% of the stock is currently owned by company insiders.

SEI Investments Price Performance

Shares of NASDAQ SEIC opened at $90.22 on Friday. The firm has a market cap of $10.85 billion, a PE ratio of 15.40 and a beta of 1.00. The company has a current ratio of 4.52, a quick ratio of 4.40 and a debt-to-equity ratio of 0.07. SEI Investments Company has a 1-year low of $75.08 and a 1-year high of $93.96. The company has a fifty day moving average price of $80.71 and a 200 day moving average price of $82.15.

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

Analysts Set New Price Targets

SEIC has been the subject of several research analyst reports. Raymond James Financial reissued an "outperform" rating and issued a $82.00 price target on shares of SEI Investments in a report on Wednesday. Weiss Ratings reissued a "buy (b)" rating on shares of SEI Investments in a report on Tuesday, April 21st. Keefe, Bruyette & Woods boosted their price target on shares of SEI Investments from $95.00 to $107.00 and gave the company an "outperform" rating in a report on Thursday, April 23rd. UBS Group initiated 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. Finally, Morgan Stanley reduced 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. Seven analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat.com, SEI Investments currently has an average rating of "Moderate Buy" and a consensus price target of $103.00.

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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