Duality Advisers LP Invests $1.24 Million in SEI Investments (NASDAQ:SEIC)

Duality Advisers LP purchased a new position in SEI Investments (NASDAQ:SEIC - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 19,530 shares of the asset manager's stock, valued at approximately $1,241,000.

Several other institutional investors have also added to or reduced their stakes in the business. VisionPoint Advisory Group LLC raised its stake in shares of SEI Investments by 67.1% in the third quarter. VisionPoint Advisory Group LLC now owns 513 shares of the asset manager's stock worth $31,000 after purchasing an additional 206 shares during the last quarter. Impact Partnership Wealth LLC purchased a new position in SEI Investments during the third quarter valued at approximately $129,000. C M Bidwell & Associates Ltd. increased its position in shares of SEI Investments by 5,302.5% in the third quarter. C M Bidwell & Associates Ltd. now owns 2,161 shares of the asset manager's stock valued at $130,000 after buying an additional 2,121 shares in the last quarter. Caprock Group LLC purchased a new stake in shares of SEI Investments in the third quarter valued at approximately $201,000. Finally, Signaturefd LLC increased its position in shares of SEI Investments by 44.5% in the third quarter. Signaturefd LLC now owns 3,341 shares of the asset manager's stock valued at $201,000 after buying an additional 1,029 shares in the last quarter. Institutional investors and hedge funds own 70.59% of the company's stock.

Wall Street Analyst Weigh In

SEIC has been the topic of a number of recent research reports. StockNews.com raised SEI Investments from a "hold" rating to a "buy" rating in a research note on Saturday, March 2nd. Oppenheimer lifted their target price on SEI Investments from $77.00 to $80.00 and gave the company an "outperform" rating in a research report on Tuesday, April 9th. Finally, Piper Sandler lifted their target price on SEI Investments from $66.00 to $72.00 and gave the company a "neutral" rating in a research report on Wednesday, April 10th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $70.25.

SEI Investments Price Performance

Shares of SEIC stock traded down $0.40 on Wednesday, hitting $66.60. The stock had a trading volume of 1,562,252 shares, compared to its average volume of 577,194. The firm has a market capitalization of $8.76 billion, a P/E ratio of 19.25, a P/E/G ratio of 1.37 and a beta of 1.02. SEI Investments has a 1 year low of $52.19 and a 1 year high of $72.54. The company's 50 day moving average price is $68.55 and its 200-day moving average price is $63.31.

SEI Investments (NASDAQ:SEIC - Get Free Report) last issued its quarterly earnings results on Wednesday, April 24th. The asset manager reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.01. SEI Investments had a return on equity of 22.40% and a net margin of 24.08%. The company had revenue of $511.58 million for the quarter, compared to the consensus estimate of $510.41 million. During the same quarter in the prior year, the business earned $0.79 EPS. SEI Investments's revenue was up 9.1% on a year-over-year basis. On average, equities analysts forecast that SEI Investments will post 4.08 EPS for the current year.

Insiders Place Their Bets

In other SEI Investments news, Chairman Alfred P. West, Jr. sold 150,000 shares of SEI Investments stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of $70.75, for a total transaction of $10,612,500.00. Following the transaction, the chairman now owns 7,884,834 shares of the company's stock, valued at $557,852,005.50. The transaction was disclosed in a filing with the SEC, which is available at this link. In other news, Chairman Alfred P. West, Jr. sold 19,363 shares of the business's stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $72.14, for a total value of $1,396,846.82. Following the transaction, the chairman now owns 7,865,471 shares of the company's stock, valued at $567,415,077.94. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Chairman Alfred P. West, Jr. sold 150,000 shares of the business's stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $70.75, for a total value of $10,612,500.00. Following the completion of the transaction, the chairman now directly owns 7,884,834 shares in the company, valued at approximately $557,852,005.50. The disclosure for this sale can be found here. Insiders have sold a total of 206,333 shares of company stock worth $14,481,612 in the last quarter. 15.50% of the stock is owned by company insiders.

SEI Investments Profile

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.