SEI Investments Company $SEIC Position Lessened by State of Alaska Department of Revenue

Key Points

• State of Alaska Department of Revenue slashed its stake in SEI by 95.3% in Q4, selling 188,808 shares and leaving it with 9,308 shares worth $763,000.
• Insiders have been net sellers: CEO Ryan Hicke sold 80,000 shares (a 28.9% reduction in his holding) and insiders disposed of 171,447 shares worth $14.6M over the past 90 days, with insiders now owning 14.6% of the company.
• Q1 results beat EPS estimates ($1.44 vs. $1.29) despite slightly lighter revenue, supporting bullish analyst sentiment and a consensus price target around $108.83 while the stock trades near $91 (up 7.4%).

State of Alaska Department of Revenue lowered its stake in shares of SEI Investments Company (NASDAQ:SEIC - Free Report) by 95.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,308 shares of the asset manager's stock after selling 188,808 shares during the quarter. State of Alaska Department of Revenue's holdings in SEI Investments were worth $763,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in SEIC. Qube Research & Technologies Ltd lifted its stake in 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 buying an additional 346,696 shares during the last quarter. Caisse de depot et placement du Quebec grew its position in shares of SEI Investments by 31.0% during the third quarter. Caisse de depot et placement du Quebec now owns 1,343,757 shares of the asset manager's stock worth $114,018,000 after acquiring an additional 317,703 shares during the last quarter. Prana Capital Management LP grew its position in shares of SEI Investments by 60.8% during the third quarter. Prana Capital Management LP now owns 711,311 shares of the asset manager's stock worth $60,355,000 after acquiring an additional 269,023 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in shares of SEI Investments by 37.2% in the 3rd quarter. Ameriprise Financial Inc. now owns 815,694 shares of the asset manager's stock worth $69,206,000 after acquiring an additional 221,033 shares during the period. Finally, Thrivent Financial for Lutherans increased its holdings in shares of SEI Investments by 141.8% in the 3rd quarter. Thrivent Financial for Lutherans now owns 252,231 shares of the asset manager's stock worth $21,401,000 after acquiring an additional 147,938 shares during the period. 70.59% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at SEI Investments

In other SEI Investments news, CEO Ryan Hicke sold 80,000 shares of the company's stock in a transaction that occurred on Thursday, January 29th. The stock was sold at an average price of $87.36, for a total value of $6,988,800.00. Following the completion of the sale, the chief executive officer directly owned 197,164 shares in the company, valued at $17,224,247.04. This represents a 28.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Chairman Alfred P. West, Jr. sold 7,447 shares of SEI Investments stock in a transaction on Wednesday, March 11th. The shares were sold at an average price of $79.26, for a total value of $590,249.22. Following the transaction, the chairman owned 6,875,783 shares in the company, valued at approximately $544,974,560.58. This trade represents a 0.11% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 171,447 shares of company stock valued at $14,571,659. 14.60% of the stock is currently owned by company insiders.

SEI Investments Stock Up 7.4%

SEI Investments stock opened at $91.05 on Friday. SEI Investments Company has a 52 week low of $75.08 and a 52 week high of $93.96. The stock has a market cap of $11.02 billion, a price-to-earnings ratio of 15.54 and a beta of 0.94. The company's 50-day moving average price is $79.62 and its two-hundred day moving average price is $81.92. The company has a current ratio of 3.29, a quick ratio of 3.20 and a debt-to-equity ratio of 0.04.

SEI Investments (NASDAQ:SEIC - Get Free Report) last issued its quarterly 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 company 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 30.98%. The business'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 posted $1.17 EPS. On average, analysts expect that SEI Investments Company will post 5.44 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Keefe, Bruyette & Woods boosted their target price on shares of SEI Investments from $95.00 to $107.00 and gave the company an "outperform" rating in a research note on Thursday. Morgan Stanley dropped 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 note on Thursday, April 2nd. Raymond James Financial reaffirmed an "outperform" rating and set a $117.00 price target on shares of SEI Investments in a report on Monday, January 5th. UBS Group began coverage on SEI Investments in a research report on Wednesday, February 4th. They set a "buy" rating and a $115.00 price objective for the company. Finally, Weiss Ratings reissued a "buy (b)" rating on shares of SEI Investments in a report on Tuesday. Seven analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $108.83.

Key Stories Impacting SEI Investments

Here are the key news stories impacting SEI Investments this week:

• Positive Sentiment: Q1 earnings beat and margin improvement: SEI reported Q1 EPS that topped consensus and showed year‑over‑year growth in revenue, operating income and operating margin — metrics investors typically reward in asset managers. Read More.
• Positive Sentiment: Analyst upgrade and higher price target: Keefe, Bruyette & Woods raised its price target to $107 and kept an outperform rating, giving the stock notable upside from current levels and supporting bullish sentiment. Read More.
• Neutral Sentiment: Revenue/AUM mix: Revenue and AUM rose year‑over‑year and cash‑flow metrics showed growth in some areas, but total revenue for the quarter slightly trailed some street estimates — a mixed signal that tempers the beat. Read More.
• Negative Sentiment: Insider selling: Director/insider Sanjay Sharma sold 25,000 shares (~38.6% reduction in his holding) at an average price of $90.12, disclosed in an SEC Form 4 — a signal some investors view as cautionary. Read More.

SEI Investments 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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