SEI Investments Company $SEIC Shares Sold by Robeco Institutional Asset Management B.V.

Key Points

• Robeco Institutional Asset Management cut its SEI Investments stake by 44% in the third quarter, selling 22,094 shares and retaining 28,081 shares valued at approximately $2.9 million.
• Institutional investors own 70.59% of SEI Investments, while insiders have sold 138,777 shares worth $14.7 million over the past 90 days.
• Analysts maintain a generally positive outlook, with eight Buy ratings and one Hold rating, a “Moderate Buy” consensus, and an average price target of $125.50. SEI also exceeded quarterly earnings and revenue expectations.

Robeco Institutional Asset Management B.V. reduced its position in SEI Investments Company (NASDAQ:SEIC - Free Report) by 44.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 28,081 shares of the asset manager's stock after selling 22,094 shares during the quarter. Robeco Institutional Asset Management B.V.'s holdings in SEI Investments were worth $2,883,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of the company. BlackRock Inc. purchased a new position in shares of SEI Investments during the 2nd quarter valued at $870,745,000. Bank of America Corp DE bought a new position in shares of SEI Investments during the 2nd quarter worth $255,067,000. Caisse de depot et placement du Quebec bought a new position in shares of SEI Investments during the 2nd quarter worth $87,924,000. Bank of New York Mellon Corp purchased a new stake in SEI Investments in the 2nd quarter worth about $78,430,000. Finally, American Capital Management Inc. purchased a new stake in SEI Investments in the 2nd quarter worth about $65,372,000. 70.59% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at SEI Investments

In related news, EVP Michael Lane sold 2,400 shares of the stock in a transaction dated Tuesday, September 22nd. The stock was sold at an average price of $102.78, for a total transaction of $246,672.00. Following the sale, the executive vice president owned 39,581 shares of the company's stock, valued at approximately $4,068,135.18. This represents a 5.72% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Philip McCabe sold 5,043 shares of the firm's stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $105.50, for a total value of $532,036.50. Following the completion of the transaction, the insider owned 54,884 shares of the company's stock, valued at approximately $5,790,262. This represents a 8.42% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 138,777 shares of company stock worth $14,655,833 in the last 90 days. 4.80% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Morgan Stanley boosted their price objective on SEI Investments from $125.00 to $127.00 and gave the company an "overweight" rating in a research note on Thursday. Wells Fargo & Company began coverage on shares of SEI Investments in a research report on Friday, October 2nd. They set an "overweight" rating and a $129.00 target price for the company. Zacks Research downgraded shares of SEI Investments from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 21st. Raymond James Financial lifted their target price on shares of SEI Investments from $122.00 to $124.00 and gave the stock an "outperform" rating in a research note on Monday, July 6th. Finally, Wall Street Zen raised shares of SEI Investments from a "hold" rating to a "buy" rating in a research report on Saturday, July 25th. Eight research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $125.50.

SEI Investments Trading Down 0.0%

NASDAQ:SEIC opened at $102.29 on Monday. The company has a market cap of $12.28 billion, a P/E ratio of 17.79 and a beta of 0.97. The stock's fifty day moving average price is $106.40 and its two-hundred day moving average price is $97.10. SEI Investments Company has a 1 year low of $75.08 and a 1 year high of $112.15. The company has a debt-to-equity ratio of 0.07, a current ratio of 4.31 and a quick ratio of 4.23.

SEI Investments (NASDAQ:SEIC - Get Free Report) last posted its quarterly earnings results on Wednesday, October 21st. The asset manager reported $1.64 EPS for the quarter, topping analysts' consensus estimates of $1.58 by $0.06. The firm had revenue of $662.04 million during the quarter, compared to analyst estimates of $656.25 million. SEI Investments had a return on equity of 30.14% and a net margin of 28.06%. The business's revenue for the quarter was up 14.4% on a year-over-year basis. During the same period last year, the company earned $1.30 earnings per share. As a group, analysts expect that SEI Investments Company will post 6.31 EPS for the current year.

SEI Investments Profile

SEI Investments Company is a financial technology and investment services provider headquartered in Oaks, Pennsylvania. Founded in 1968, the company delivers technology, operations, and investment solutions that help financial institutions and investment professionals manage client assets and business processes.

SEI's offerings include wealth management and investment processing platforms, portfolio accounting, data management, compliance support, and outsourced middle- and back-office services.

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