Duality Advisers LP Purchases Shares of 19,530 SEI Investments (NASDAQ:SEIC)

Duality Advisers LP purchased a new stake in SEI Investments (NASDAQ:SEIC) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 19,530 shares of the asset manager’s stock, valued at approximately $1,241,000.

Several other large investors have also recently bought and sold shares of SEIC. VisionPoint Advisory Group LLC raised its holdings in SEI Investments by 67.1% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 513 shares of the asset manager’s stock valued at $31,000 after acquiring an additional 206 shares during the period. Impact Partnership Wealth LLC bought a new position in shares of SEI Investments during the third quarter worth approximately $129,000. C M Bidwell & Associates Ltd. increased its holdings in shares of SEI Investments by 5,302.5% during the third quarter. C M Bidwell & Associates Ltd. now owns 2,161 shares of the asset manager’s stock worth $130,000 after purchasing an additional 2,121 shares during the period. Caprock Group LLC bought a new position in shares of SEI Investments during the third quarter worth approximately $201,000. Finally, Signaturefd LLC increased its holdings in shares of SEI Investments by 44.5% during the third quarter. Signaturefd LLC now owns 3,341 shares of the asset manager’s stock worth $201,000 after purchasing an additional 1,029 shares during the period. 70.59% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

SEI Investments Trading Up 0.1 %

NASDAQ SEIC opened at $67.00 on Wednesday. The firm has a market capitalization of $8.81 billion, a price-to-earnings ratio of 19.36, a P/E/G ratio of 1.37 and a beta of 1.02. The firm’s 50 day simple moving average is $68.55 and its 200 day simple moving average is $63.31. SEI Investments has a 1 year low of $52.19 and a 1 year high of $72.54.

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

Insider Buying and Selling at SEI Investments

In other SEI Investments news, EVP Wayne Withrow sold 16,970 shares of the firm’s stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $66.16, for a total value of $1,122,735.20. Following the sale, the executive vice president now owns 55,399 shares in the company, valued at $3,665,197.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Mark Andrew Warner sold 3,000 shares of SEI Investments stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $67.31, for a total transaction of $201,930.00. Following the transaction, the insider now owns 1,300 shares in the company, valued at $87,503. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Wayne Withrow sold 16,970 shares of SEI Investments stock in a transaction 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 transaction, the executive vice president now owns 55,399 shares in the company, valued at approximately $3,665,197.84. The disclosure for this sale can be found here. Insiders have sold 206,333 shares of company stock worth $14,481,612 over the last quarter. Corporate insiders own 15.50% of the company’s stock.

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.