SEI Investments Company $SEIC Shares Sold by KLP Kapitalforvaltning AS

Key Points

• KLP Kapitalforvaltning AS has reduced its stake in SEI Investments Company by 4.2%, owning 155,500 shares after selling 6,800 shares, which represents about $13.97 million in value.
• Directors Carl Guarino and Kathryn McCarthy sold 10,000 shares each of SEI Investments in recent transactions, which led to significant decreases in their ownership positions.
• SEI Investments reported a $1.78 EPS for the last quarter, exceeding analysts' estimates, and its revenue increased by 7.8% compared to the previous year.

KLP Kapitalforvaltning AS reduced its holdings in SEI Investments Company (NASDAQ:SEIC - Free Report) by 4.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 155,500 shares of the asset manager's stock after selling 6,800 shares during the period. KLP Kapitalforvaltning AS owned about 0.12% of SEI Investments worth $13,973,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Geneos Wealth Management Inc. grew its holdings 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 purchasing an additional 200 shares during the period. Harbor Capital Advisors Inc. acquired a new stake in shares of SEI Investments in the second quarter worth approximately $45,000. Thurston Springer Miller Herd & Titak Inc. boosted its stake in shares of 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 worth $46,000 after acquiring an additional 363 shares during the last quarter. First Horizon Advisors Inc. boosted its stake in shares of SEI Investments by 38.9% in the first quarter. First Horizon Advisors Inc. now owns 803 shares of the asset manager's stock worth $62,000 after acquiring an additional 225 shares during the last quarter. Finally, Farther Finance Advisors LLC boosted its stake in shares of SEI Investments by 104.3% in the first quarter. Farther Finance Advisors LLC now owns 1,334 shares of the asset manager's stock worth $103,000 after acquiring an additional 681 shares during the last quarter. 70.59% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other SEI Investments news, Director Carl Guarino sold 10,000 shares of SEI Investments stock in a transaction on Tuesday, September 23rd. The stock was sold at an average price of $86.41, for a total value of $864,100.00. Following the sale, the director owned 16,042 shares in the company, 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Kathryn Mccarthy sold 10,000 shares of SEI Investments stock in a transaction on Monday, September 29th. The shares were sold at an average price of $85.66, for a total value of $856,600.00. Following the completion of the sale, the director owned 75,641 shares in the company, valued at $6,479,408.06. This represents a 11.68% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 60,000 shares of company stock worth $5,254,950 over the last ninety days. Company insiders own 14.60% of the company's stock.

SEI Investments Stock Performance

Shares of SEI Investments stock opened at $84.60 on Thursday. SEI Investments Company has a one year low of $64.66 and a one year high of $93.96. The company has a market cap of $10.46 billion, a price-to-earnings ratio of 15.87, a PEG ratio of 1.28 and a beta of 0.96. The business's 50 day moving average price is $87.28 and its 200 day moving average price is $84.26.

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

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Weiss Ratings reaffirmed a "buy (b)" rating on shares of SEI Investments in a research note on Wednesday. Piper Sandler lowered 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. Zacks Research lowered SEI Investments from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 1st. Keefe, Bruyette & Woods reaffirmed a "market perform" rating and issued a $98.00 price target (down from $100.00) on shares of SEI Investments in a research note on Thursday, July 24th. Finally, Morgan Stanley lifted their price target on SEI Investments from $105.00 to $115.00 and gave the stock an "overweight" rating in a research note on Friday, September 19th. Four equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $105.00.

SEI Investments 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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