SEI Investments (NASDAQ: SEIC) has recently experienced a reduction in its holdings by 19.4% during the first quarter of this year, according to ProShare Advisors LLC’s most recent disclosure with the Securities and Exchange Commission (SEC). As a result, ProShare Advisors LLC now owns 551,510 shares of the asset manager’s stock after selling 132,530 shares during the quarter. This accounts for approximately 0.41% of SEI Investments’ total worth, which is estimated to be around $31,739,000.
On July 26th, SEI Investments announced its quarterly earnings results. The company reported $0.89 earnings per share (EPS) for the quarter, surpassing analysts’ consensus estimates of $0.86 by $0.03. Additionally, it generated revenue of $489.06 million compared to analysts’ expectations of $479.22 million. With a net margin of 21.19% and a return on equity of 22.39%, SEI Investments demonstrated steady performance in this financial period.
Compared to the same quarter last year, SEI Investments experienced a slight increase in revenue by 1.5%. During the corresponding period in 2022, the company earned $0.81 EPS. Currently, equities research analysts anticipate that SEI Investments will post an EPS of 3.52 for this fiscal year.
In terms of recent transactions involving top executives at SEI Investments, Chairman Alfred P. West Jr., sold a significant number of shares in June and currently holds approximately 8,519,720 shares valued at over $502 million as stated in his recent filing with the SEC database accessible through their website.
Another executive employee named Michael Peterson also made a sale transaction on July 28th where he disposed off around 10,000 shares at an average price of $63.20 per share for total proceeds amounting to $632,000. Following this sale, Peterson still retains 2,500 shares of the company’s stock valued at approximately $158,000.
It is noteworthy that Chairman Alfred P. West Jr. made an additional sale of 46,647 shares on June 20th at an average price of $58.99 per share resulting in a total transaction value of $2,751,706.53. After completing this sale, West now directly owns 8,519,720 shares worth around $502 million.
Further analyzing insider activities over the last three months revealed that corporate insiders sold a total of 97,974 shares valued at approximately $5,767,471. These transactions demonstrate that insiders own approximately 15.50% of SEI Investments’ outstanding shares.
Overall, these recent developments within SEI Investments indicate fluctuation in its ownership structure and reveal insight into the financial performance and trading activities of key individuals within the organization. These factors could potentially impact the overall trajectory and market value of SEI Investments moving forward.
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Recent Changes in Shareholder Composition and Analyst Ratings for SEI Investments (SEIC)
SEI Investments (SEIC) has recently seen changes in its shareholder composition, with hedge funds and institutional investors making adjustments to their positions. CoreCap Advisors LLC acquired a new stake in the company during the fourth quarter of 2022, purchasing shares valued at approximately $26,000. Similarly, International Assets Investment Management LLC also acquired a new stake in SEI Investments during the first quarter of 2023, with shares valued at around $45,000.
In addition to these acquisitions, Denali Advisors LLC significantly increased its position in SEI Investments by 1,860.5% in the fourth quarter of 2022. The asset manager now owns 843 shares worth $49,000 after purchasing an additional 800 shares. Quadrant Capital Group LLC also grew its position in the company by 95.4% during the same period, now holding 1,180 shares worth $69,000 after buying an additional 576 shares. Finally, Machina Capital S.A.S. entered the picture during the first quarter of this year, acquiring new shares valued at approximately $70,000.
These recent changes reflect a continued interest in SEI Investments from institutional investors and hedge funds alike. In fact, as of the most recent data available, approximately 69.64% of SEIC stock is owned by these types of investors.
Looking at the financial performance and market dynamics surrounding SEI Investments (SEIC), we observe that on Thursday it opened at $62.26 per share with a market capitalization of $8.24 billion. The stock is currently trading at a price-to-earnings ratio of 21.03 and has a beta of 1.03.
Over the past year, SEI Investment’s share price has fluctuated between a low of $46.30 and a high of $64.69 demonstrating some volatility within its range. However, it is important to note that the company’s 50-day moving average price is $61.25, slightly higher than its two-hundred day moving average price of $59.28.
Analysts from various research firms have weighed in on SEI Investments’ performance and outlook. Piper Sandler increased their target price from $60.00 to $65.00, while Morgan Stanley raised their target price from $60.00 to $62.00. Keefe, Bruyette & Woods also increased their target price from $66.00 to $68.00 and gave the company a “market perform” rating.
StockNews.com recently initiated coverage of SEI Investments and assigned a “buy” rating to the stock. It is worth noting that according to data from Bloomberg, the consensus rating for the company currently stands at “Hold” with an average price target of $65.20.
This comprehensive analysis provides valuable insights into the recent developments surrounding SEI Investments (SEIC), including changes in shareholder composition, financial performance, and analyst ratings. Investors may find these findings useful when considering their investment options within this particular sector.
References:
1. [CoreCap Advisors LLC](insertlinkhere)
2. [International Assets Investment Management LLC](insertlinkhere)
3. [Denali Advisors LLC](insertlinkhere)
4. [Quadrant Capital Group LLC](insertlinkhere)
5.[Machina Capital S.A.S.] (insertlinkhere)
6.[SEI Investments](Insertlinkhere)
