Leith Wheeler Investment Counsel Ltd. Sells 7,265 Shares of SEI Investments (NASDAQ:SEIC)

Leith Wheeler Investment Counsel Ltd. lowered its position in shares of SEI Investments (NASDAQ:SEIC - Free Report) by 3.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 203,217 shares of the asset manager's stock after selling 7,265 shares during the quarter. SEI Investments comprises 1.2% of Leith Wheeler Investment Counsel Ltd.'s portfolio, making the stock its 20th largest position. Leith Wheeler Investment Counsel Ltd. owned approximately 0.16% of SEI Investments worth $16,761,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of SEIC. CoreFirst Bank & Trust bought a new stake in SEI Investments in the 4th quarter valued at about $31,000. Allworth Financial LP raised its holdings in shares of SEI Investments by 53.7% during the fourth quarter. Allworth Financial LP now owns 452 shares of the asset manager's stock valued at $38,000 after buying an additional 158 shares during the last quarter. First Horizon Advisors Inc. boosted its position in shares of SEI Investments by 25.4% during the fourth quarter. First Horizon Advisors Inc. now owns 578 shares of the asset manager's stock worth $48,000 after buying an additional 117 shares during the period. Rialto Wealth Management LLC bought a new position in SEI Investments in the 4th quarter worth approximately $55,000. Finally, EverSource Wealth Advisors LLC increased its position in SEI Investments by 25.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 860 shares of the asset manager's stock valued at $71,000 after acquiring an additional 172 shares during the period. Institutional investors own 70.59% of the company's stock.

Insiders Place Their Bets

In related news, Chairman Alfred P. West, Jr. sold 1,372 shares of the company's stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $76.28, for a total transaction of $104,656.16. Following the transaction, the chairman now directly owns 7,078,708 shares of the company's stock, valued at approximately $539,963,846.24. The trade was a 0.02 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Mark Andrew Warner sold 5,000 shares of the firm's stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $80.39, for a total value of $401,950.00. Following the sale, the insider now owns 1,300 shares of the company's stock, valued at $104,507. The trade was a 79.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 79,214 shares of company stock worth $6,293,903 over the last ninety days. 14.30% of the stock is currently owned by company insiders.

SEI Investments Stock Down 0.1 %

SEI Investments stock traded down $0.05 during mid-day trading on Thursday, hitting $78.24. The company's stock had a trading volume of 584,542 shares, compared to its average volume of 653,877. SEI Investments has a twelve month low of $62.38 and a twelve month high of $87.25. The stock's fifty day moving average price is $74.98 and its two-hundred day moving average price is $79.13. The stock has a market capitalization of $9.74 billion, a P/E ratio of 17.70, a P/E/G ratio of 1.41 and a beta of 0.90.

SEI Investments (NASDAQ:SEIC - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The asset manager reported $1.17 EPS for the quarter, beating the consensus estimate of $1.12 by $0.05. The business had revenue of $551.34 million during the quarter, compared to the consensus estimate of $556.76 million. SEI Investments had a return on equity of 25.51% and a net margin of 27.35%. SEI Investments's revenue was up 7.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.99 earnings per share. Equities analysts expect that SEI Investments will post 4.86 earnings per share for the current year.

SEI Investments declared that its Board of Directors has authorized a stock repurchase program on Tuesday, March 18th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the asset manager to repurchase up to 5.3% of its shares through open market purchases. Shares repurchase programs are often an indication that the company's board of directors believes its stock is undervalued.

Wall Street Analysts Forecast Growth

SEIC has been the topic of a number of research analyst reports. Piper Sandler raised their price target on SEI Investments from $74.00 to $79.00 and gave the company a "neutral" rating in a report on Thursday, April 24th. Oppenheimer restated an "outperform" rating on shares of SEI Investments in a research report on Thursday, April 24th. William Blair reiterated a "market perform" rating on shares of SEI Investments in a report on Thursday, April 24th. Keefe, Bruyette & Woods boosted their target price on SEI Investments from $80.00 to $84.00 and gave the stock a "market perform" rating in a report on Friday, April 25th. Finally, StockNews.com upgraded SEI Investments from a "hold" rating to a "buy" rating in a research report on Thursday, April 24th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, SEI Investments has a consensus rating of "Moderate Buy" and a consensus price target of $87.60.

SEI Investments Company 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.