Tudor Investment Corp ET AL Makes New $4.81 Million Investment in SEI Investments Company $SEIC

Key Points

• Tudor Investment Corp established a new position in SEI Investments, purchasing 56,699 shares in Q3 valued at approximately $4.81 million.
• Insiders have been net sellers recently — CEO Ryan Hicke sold 80,000 shares (~$6.99M) and Chairman Alfred P. West Jr. sold 55,000 shares (~$4.41M); insiders sold 146,447 shares (~$12.32M) over the last 90 days and now own 14.60% of the stock.
• Analysts are mostly bullish: SEI has a consensus rating of "Moderate Buy" with an average price target around $105.83, versus a recent share price near $77.85, indicating potential upside.

Tudor Investment Corp ET AL purchased a new position in shares of SEI Investments Company (NASDAQ:SEIC - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 56,699 shares of the asset manager's stock, valued at approximately $4,811,000.

Several other hedge funds also recently bought and sold shares of SEIC. Bison Wealth LLC purchased a new position in SEI Investments during the fourth quarter worth $207,000. Baird Financial Group Inc. purchased a new position in SEI Investments during the first quarter worth $201,000. Geneos Wealth Management Inc. increased its position in SEI Investments by 60.2% during the first quarter. Geneos Wealth Management Inc. now owns 532 shares of the asset manager's stock worth $41,000 after buying an additional 200 shares in the last quarter. M&T Bank Corp increased its position in SEI Investments by 11.9% during the second quarter. M&T Bank Corp now owns 3,217 shares of the asset manager's stock worth $289,000 after buying an additional 341 shares in the last quarter. Finally, CW Advisors LLC purchased a new position in SEI Investments during the second quarter worth $280,000. Hedge funds and other institutional investors own 70.59% of the company's stock.

Insider Activity at SEI Investments

In related news, CEO Ryan Hicke sold 80,000 shares of SEI Investments stock in a transaction 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 transaction, the chief executive officer owned 197,164 shares in the company, valued at approximately $17,224,247.04. This trade represents a 28.86% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Alfred P. West, Jr. sold 55,000 shares of SEI Investments stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $80.23, for a total value of $4,412,650.00. Following the completion of the transaction, the chairman owned 6,883,230 shares in the company, valued at $552,241,542.90. The trade was a 0.79% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 146,447 shares of company stock worth $12,318,659. 14.60% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

SEIC has been the subject of several recent research reports. Keefe, Bruyette & Woods dropped their price target on SEI Investments from $107.00 to $95.00 and set an "outperform" rating for the company in a research report on Wednesday. UBS Group initiated coverage on SEI Investments in a research report on Wednesday, February 4th. They issued a "buy" rating and a $115.00 price objective for the company. Weiss Ratings reaffirmed a "buy (b)" rating on shares of SEI Investments in a research report on Thursday, January 22nd. Raymond James Financial reaffirmed an "outperform" rating and issued a $117.00 price objective on shares of SEI Investments in a research report on Monday, January 5th. Finally, Piper Sandler lowered their price objective on SEI Investments from $106.00 to $99.00 and set an "overweight" rating for the company in a research report on Tuesday. Seven research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $105.83.

SEI Investments Price Performance

Shares of NASDAQ:SEIC opened at $77.85 on Thursday. The company has a market cap of $9.52 billion, a P/E ratio of 13.83 and a beta of 0.94. The company has a quick ratio of 3.20, a current ratio of 3.29 and a debt-to-equity ratio of 0.04. SEI Investments Company has a 52 week low of $65.68 and a 52 week high of $93.96. The business has a fifty day simple moving average of $80.35 and a 200-day simple moving average of $82.24.

SEI Investments (NASDAQ:SEIC - Get Free Report) last announced its quarterly earnings data on Wednesday, January 28th. The asset manager reported $1.30 EPS for the quarter, missing analysts' consensus estimates of $1.34 by ($0.04). SEI Investments had a net margin of 31.14% and a return on equity of 30.26%. The business had revenue of $607.93 million during the quarter, compared to analysts' expectations of $596.97 million. During the same period in the prior year, the firm earned $1.19 EPS. SEI Investments's revenue for the quarter was up 9.1% on a year-over-year basis. Equities research analysts forecast that SEI Investments Company will post 4.86 EPS for the current year.

About SEI Investments

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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