SEI Investments Company $SEIC Shares Sold by TD Waterhouse Canada Inc.

Key Points

• TD Waterhouse Canada cut its SEI stake by 70.4%, selling 23,086 shares and leaving 9,720 shares valued at about $797,000.
• SEI posted a Q1 EPS beat of $1.44 (vs. $1.29 consensus) with year‑over‑year revenue growth and margin gains, although reported revenue (~$622M) missed some estimates.
• There has been substantial insider selling (CEO Ryan Hicke sold 80,000 shares; Chairman Alfred West Jr. sold 7,447; 186,447 shares sold in the last 90 days, ~$15.95M), even as analysts largely remain positive with an average target near $108 and the stock trading around $88.84.

TD Waterhouse Canada Inc. decreased its holdings in SEI Investments Company (NASDAQ:SEIC - Free Report) by 70.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 9,720 shares of the asset manager's stock after selling 23,086 shares during the quarter. TD Waterhouse Canada Inc.'s holdings in SEI Investments were worth $797,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in SEIC. Qube Research & Technologies Ltd grew its position 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 worth $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 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 worth $114,018,000 after buying an additional 317,703 shares during the last quarter. Prana Capital Management LP grew its position in SEI Investments by 60.8% in the third quarter. Prana Capital Management LP now owns 711,311 shares of the asset manager's stock worth $60,355,000 after buying an additional 269,023 shares during the last quarter. Ameriprise Financial Inc. grew its position in SEI Investments by 37.2% in the third quarter. Ameriprise Financial Inc. now owns 815,694 shares of the asset manager's stock worth $69,206,000 after buying an additional 221,033 shares during the last quarter. Finally, Thrivent Financial for Lutherans grew its position in SEI Investments by 141.8% in the third quarter. Thrivent Financial for Lutherans now owns 252,231 shares of the asset manager's stock worth $21,401,000 after buying an additional 147,938 shares during the last quarter. Institutional investors and hedge funds own 70.59% of the company's stock.

Key SEI Investments News

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

• Positive Sentiment: Q1 earnings beat and margin gains — SEI reported Q1 EPS of $1.44, topping consensus and showing year‑over‑year revenue and operating‑margin improvement, a core positive for an asset manager that supports forward earnings expectations. PR Newswire: Q1 Results
• Positive Sentiment: Analyst upgrade lifts sentiment — Keefe, Bruyette & Woods raised its price target to $107 and kept an outperform rating, signaling institutional confidence in SEI’s growth trajectory and providing upside support. Benzinga: KBW Raise
• Neutral Sentiment: Revenue vs. estimates and AUM dynamics — while revenue and AUM rose year‑over‑year, reported revenue (~$622M) came in below some consensus estimates, creating a mixed read despite the EPS beat; read-throughs from the earnings call/transcript add nuance on fee mix and expense timing. Yahoo: Q1 Highlights
• Negative Sentiment: Significant insider selling — Director/insider Sanjay Sharma disclosed a sale of 25,000 shares (~38.6% reduction) at an average ~$90.12 and another insider, Philip McCabe, sold 15,000 shares at ~$91.82; large, concurrent insider disposals can be perceived negatively by the market even if sales are for diversification or tax reasons. S. Sharma SEC Filing P. McCabe SEC Filing

Wall Street Analyst Weigh In

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

Insider Activity at SEI Investments

In other SEI Investments news, 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 transaction of $590,249.22. Following the completion of the sale, the chairman owned 6,875,783 shares of the company's stock, valued at $544,974,560.58. This trade represents a 0.11% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Ryan Hicke sold 80,000 shares of SEI Investments stock in a transaction on Thursday, January 29th. The shares were sold at an average price of $87.36, for a total transaction of $6,988,800.00. Following the sale, the chief executive officer directly owned 197,164 shares of the company's stock, valued at $17,224,247.04. This trade represents a 28.86% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 186,447 shares of company stock worth $15,948,959. 14.60% of the stock is currently owned by company insiders.

SEI Investments Trading Down 2.4%

SEI Investments stock opened at $88.84 on Friday. The company has a 50 day moving average price of $79.82 and a 200 day moving average price of $81.95. SEI Investments Company has a 52 week low of $75.08 and a 52 week high of $93.96. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.20 and a current ratio of 4.52. The firm has a market capitalization of $10.75 billion, a price-to-earnings ratio of 15.16 and a beta of 0.94.

SEI Investments (NASDAQ:SEIC - Get Free Report) last issued 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 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 30.70%. The company's revenue for the quarter was up 12.9% on a year-over-year basis. During the same quarter last year, the business posted $1.17 EPS. Research analysts forecast that SEI Investments Company will post 5.44 EPS for the current year.

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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