SEI Investments (NASDAQ:SEIC) Shares Sold by DGS Capital Management LLC

DGS Capital Management LLC lowered its holdings in SEI Investments (NASDAQ:SEIC) by 6.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,232 shares of the asset manager’s stock after selling 282 shares during the quarter. DGS Capital Management LLC’s holdings in SEI Investments were worth $269,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. DHJJ Financial Advisors Ltd. acquired a new stake in shares of SEI Investments during the 3rd quarter worth about $27,000. VisionPoint Advisory Group LLC raised its holdings in SEI Investments by 67.1% during 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 in the last quarter. International Assets Investment Management LLC purchased a new stake in shares of SEI Investments during the 3rd quarter worth approximately $37,000. UniSuper Management Pty Ltd acquired a new position in shares of SEI Investments in the 2nd quarter valued at $48,000. Finally, Point72 Asset Management L.P. purchased a new position in shares of SEI Investments in the 2nd quarter valued at $71,000. Hedge funds and other institutional investors own 70.59% of the company’s stock.

Insider Transactions at SEI Investments

In other news, EVP Wayne Withrow sold 16,970 shares of the company’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $66.16, for a total transaction of $1,122,735.20. Following the completion of the sale, the executive vice president now owns 55,399 shares in the company, valued at $3,665,197.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP Wayne Withrow sold 16,970 shares of the company’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $66.16, for a total transaction of $1,122,735.20. Following the completion of the sale, the executive vice president now owns 55,399 shares in the company, valued at $3,665,197.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Sanjay Sharma sold 15,000 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $67.20, for a total value of $1,008,000.00. Following the sale, the insider now owns 16,895 shares of the company’s stock, valued at approximately $1,135,344. The disclosure for this sale can be found here. Insiders sold 206,333 shares of company stock worth $14,481,612 over the last 90 days. 15.50% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on SEIC shares. StockNews.com raised shares of SEI Investments from a “hold” rating to a “buy” rating in a research report on Saturday, March 2nd. Piper Sandler upped 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. Finally, Oppenheimer lifted their price target on SEI Investments from $77.00 to $80.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 9th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $70.25.

SEI Investments Stock Performance

Shares of SEIC opened at $66.41 on Wednesday. The firm has a 50-day simple moving average of $68.54 and a 200-day simple moving average of $63.01. The company has a market capitalization of $8.72 billion, a price-to-earnings ratio of 19.19, a price-to-earnings-growth ratio of 1.37 and a beta of 1.02. SEI Investments has a fifty-two week low of $52.19 and a fifty-two week high of $72.54.

SEI Investments (NASDAQ:SEIC) last released its earnings results on Wednesday, January 31st. The asset manager reported $0.91 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.91. SEI Investments had a return on equity of 22.40% and a net margin of 24.08%. The business had revenue of $484.86 million for the quarter, compared to analyst estimates of $481.39 million. During the same quarter in the previous year, the company posted $0.83 earnings per share. Equities research analysts forecast that SEI Investments will post 4.08 EPS for the current year.

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.