SEI Investments (NASDAQ:SEIC) Shares Sold by Tandem Investment Advisors Inc.

Tandem Investment Advisors Inc. trimmed its holdings in shares of SEI Investments (NASDAQ:SEIC - Free Report) by 23.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 935,477 shares of the asset manager's stock after selling 282,790 shares during the period. SEI Investments makes up approximately 2.4% of Tandem Investment Advisors Inc.'s investment portfolio, making the stock its 24th largest holding. Tandem Investment Advisors Inc. owned 0.71% of SEI Investments worth $59,450,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Morgan Stanley grew its holdings in SEI Investments by 670.4% during the fourth quarter. Morgan Stanley now owns 6,519,582 shares of the asset manager's stock worth $380,092,000 after acquiring an additional 5,673,374 shares during the period. Norges Bank acquired a new position in shares of SEI Investments in the 4th quarter valued at $31,250,000. Invesco Ltd. boosted its position in shares of SEI Investments by 73.1% in the 3rd quarter. Invesco Ltd. now owns 1,125,659 shares of the asset manager's stock valued at $67,798,000 after purchasing an additional 475,226 shares during the period. State Street Corp boosted its position in shares of SEI Investments by 8.0% in the 1st quarter. State Street Corp now owns 6,143,049 shares of the asset manager's stock valued at $369,873,000 after purchasing an additional 452,434 shares during the period. Finally, Acadian Asset Management LLC boosted its position in shares of SEI Investments by 299.3% in the 3rd quarter. Acadian Asset Management LLC now owns 477,981 shares of the asset manager's stock valued at $28,778,000 after purchasing an additional 358,282 shares during the period. 70.59% of the stock is owned by institutional investors and hedge funds.

SEI Investments Trading Down 0.5 %

NASDAQ SEIC traded down $0.33 during trading on Wednesday, reaching $66.08. 532,078 shares of the company's stock were exchanged, compared to its average volume of 565,758. SEI Investments has a fifty-two week low of $52.19 and a fifty-two week high of $72.54. The firm has a market capitalization of $8.68 billion, a PE ratio of 19.19, a P/E/G ratio of 1.37 and a beta of 1.02. The company's fifty day simple moving average is $68.54 and its 200-day simple moving average is $63.01.

SEI Investments (NASDAQ:SEIC - Get Free Report) last announced its quarterly earnings data on Wednesday, January 31st. The asset manager reported $0.91 EPS for the quarter, hitting analysts' consensus estimates of $0.91. SEI Investments had a return on equity of 22.40% and a net margin of 24.08%. The firm had revenue of $484.86 million during the quarter, compared to analyst estimates of $481.39 million. During the same period last year, the company posted $0.83 EPS. Equities analysts forecast that SEI Investments will post 4.08 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Paul Klauder sold 2,000 shares of SEI Investments stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $69.80, for a total transaction of $139,600.00. Following the completion of the sale, the executive vice president now directly owns 20,752 shares in the company, valued at approximately $1,448,489.60. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, EVP Paul Klauder sold 2,000 shares of SEI Investments stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $69.80, for a total transaction of $139,600.00. Following the completion of the sale, the executive vice president now directly owns 20,752 shares in the company, valued at approximately $1,448,489.60. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Chairman Alfred P. West, Jr. sold 19,363 shares of SEI Investments stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $72.14, for a total value of $1,396,846.82. Following the sale, the chairman now owns 7,865,471 shares of the company's stock, valued at $567,415,077.94. The disclosure for this sale can be found here. In the last ninety days, insiders sold 206,333 shares of company stock worth $14,481,612. 15.50% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. StockNews.com upgraded SEI Investments from a "hold" rating to a "buy" rating in a research report on Saturday, March 2nd. Piper Sandler increased their price target on SEI Investments from $66.00 to $72.00 and gave the company a "neutral" rating in a research report on Wednesday, April 10th. Finally, Oppenheimer increased their price target on SEI Investments from $77.00 to $80.00 and gave the company an "outperform" rating in a research report on Tuesday, April 9th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $70.25.

About SEI Investments

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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