Linden Thomas Advisory Services LLC Has $1.54 Million Holdings in SEI Investments (NASDAQ:SEIC)

Linden Thomas Advisory Services LLC increased its holdings in SEI Investments (NASDAQ:SEIC) by 3.2% in the fourth quarter, Holdings Channel reports. The institutional investor owned 24,200 shares of the asset manager’s stock after buying an additional 760 shares during the period. Linden Thomas Advisory Services LLC’s holdings in SEI Investments were worth $1,538,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. VisionPoint Advisory Group LLC grew its stake 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 buying an additional 206 shares in the last quarter. Impact Partnership Wealth LLC bought a new stake in shares of SEI Investments during the 3rd quarter worth approximately $129,000. C M Bidwell & Associates Ltd. boosted its position in shares of SEI Investments by 5,302.5% during the 3rd quarter. C M Bidwell & Associates Ltd. now owns 2,161 shares of the asset manager’s stock worth $130,000 after acquiring an additional 2,121 shares in the last quarter. Caprock Group LLC bought a new position in SEI Investments in the third quarter valued at approximately $201,000. Finally, Signaturefd LLC raised its position in SEI Investments by 44.5% during the third quarter. Signaturefd LLC now owns 3,341 shares of the asset manager’s stock valued at $201,000 after purchasing an additional 1,029 shares in the last quarter. 70.59% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Chairman Alfred P. West, Jr. sold 19,363 shares of the firm’s stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $72.14, for a total transaction of $1,396,846.82. Following the completion of 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 legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other SEI Investments news, insider Sanjay Sharma sold 15,000 shares of the stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $67.20, for a total transaction of $1,008,000.00. Following the completion of the sale, the insider now owns 16,895 shares of the company’s stock, valued at approximately $1,135,344. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 transaction of $1,396,846.82. Following the completion of the transaction, the chairman now owns 7,865,471 shares in the company, valued at approximately $567,415,077.94. The disclosure for this sale can be found here. Insiders have sold 206,333 shares of company stock valued at $14,481,612 in the last ninety days. 15.50% of the stock is currently owned by insiders.

Analysts Set New Price Targets

SEIC has been the topic of several recent analyst reports. Oppenheimer lifted their price target on SEI Investments from $77.00 to $80.00 and gave the company an “outperform” rating in a research note on Tuesday, April 9th. 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. Finally, StockNews.com raised shares of SEI Investments from a “hold” rating to a “buy” rating in a report on Saturday, March 2nd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, SEI Investments has a consensus rating of “Hold” and a consensus target price of $70.25.

SEI Investments Price Performance

SEIC stock traded down $0.54 during midday trading on Wednesday, reaching $66.46. 237,953 shares of the stock were exchanged, compared to its average volume of 560,240. SEI Investments has a 52 week low of $52.19 and a 52 week high of $72.54. The company has a fifty day moving average price of $68.55 and a 200 day moving average price of $63.31. The stock has a market capitalization of $8.74 billion, a PE ratio of 19.19, a P/E/G ratio of 1.37 and a beta of 1.02.

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