Kathryn Mccarthy Sells 10,000 Shares of SEI Investments (NASDAQ:SEIC) Stock

Key Points

• Kathryn McCarthy, a SEI Investments director, sold 10,000 shares on May 4 at an average price of $91.07 for a total of $910,700, reducing her stake by 11.38% to 77,883 shares (SEC filing).
• SEI reported Q1 EPS $1.44 (above the $1.29 estimate) with revenue of $622.2M (below expectations) and strong profitability metrics (ROE 30.7%, net margin 31.17%); the stock trades near $90.72 with a market cap of $10.91B and low leverage (debt/equity 0.07).
• Analyst sentiment is positive with a consensus rating of "Moderate Buy" and an average price target of $103, based on seven Buy and one Hold ratings and recent targets ranging roughly $82–$119.

SEI Investments Company (NASDAQ:SEIC - Get Free Report) Director Kathryn Mccarthy sold 10,000 shares of the firm's stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $91.07, for a total value of $910,700.00. Following the completion of the transaction, the director directly owned 77,883 shares in the company, valued at $7,092,804.81. This trade represents a 11.38% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

SEI Investments Stock Performance

Shares of NASDAQ SEIC traded down $0.55 during trading on Tuesday, hitting $90.72. The company had a trading volume of 216,328 shares, compared to its average volume of 871,705. The company has a debt-to-equity ratio of 0.07, a quick ratio of 4.40 and a current ratio of 4.52. SEI Investments Company has a 12 month low of $75.08 and a 12 month high of $93.96. The stock has a 50 day simple moving average of $80.71 and a 200 day simple moving average of $82.14. The firm has a market capitalization of $10.91 billion, a P/E ratio of 15.49 and a beta of 1.00.

SEI Investments (NASDAQ:SEIC - Get Free Report) last released its earnings results on Wednesday, April 22nd. The asset manager reported $1.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.29 by $0.15. SEI Investments had a return on equity of 30.70% and a net margin of 31.17%.The firm had revenue of $622.18 million during the quarter, compared to analysts' expectations of $641.82 million. During the same quarter last year, the business posted $1.17 earnings per share. The firm's revenue was up 12.9% on a year-over-year basis. As a group, analysts anticipate that SEI Investments Company will post 5.9 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on SEIC shares. Morgan Stanley decreased their price target on SEI Investments from $119.00 to $108.00 and set an "overweight" rating for the company in a research note on Thursday, April 2nd. Raymond James Financial reaffirmed an "outperform" rating and issued a $82.00 price target on shares of SEI Investments in a research report on Wednesday, April 29th. Piper Sandler reaffirmed an "overweight" rating and issued a $105.00 price target (up from $99.00) on shares of SEI Investments in a research report on Thursday, April 23rd. Weiss Ratings reaffirmed a "buy (b)" rating on shares of SEI Investments in a research report on Tuesday, April 21st. Finally, UBS Group assumed coverage on shares of SEI Investments in a research report on Wednesday, February 4th. They issued a "buy" rating and a $115.00 price target for the company. Seven equities research 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 presently has a consensus rating of "Moderate Buy" and a consensus price target of $103.00.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in SEIC. Root Financial Partners LLC purchased a new stake in SEI Investments during the 3rd quarter valued at about $28,000. SJS Investment Consulting Inc. grew its stake in SEI Investments by 142.9% during the 3rd quarter. SJS Investment Consulting Inc. now owns 357 shares of the asset manager's stock valued at $30,000 after purchasing an additional 210 shares during the last quarter. Community Bank N.A. purchased a new stake in SEI Investments during the 3rd quarter valued at about $35,000. Allworth Financial LP grew its stake in SEI Investments by 44.0% during the 3rd quarter. Allworth Financial LP now owns 432 shares of the asset manager's stock valued at $37,000 after purchasing an additional 132 shares during the last quarter. Finally, CIBC Private Wealth Group LLC grew its stake in SEI Investments by 353.1% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 435 shares of the asset manager's stock valued at $37,000 after purchasing an additional 339 shares during the last quarter. 70.59% of the stock is owned by institutional investors and hedge funds.

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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