Olympiad Research LP Sells 565 Shares of SEI Investments (NASDAQ:SEIC)

Olympiad Research LP reduced its holdings in shares of SEI Investments (NASDAQ:SEIC) by 8.1% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,443 shares of the asset manager’s stock after selling 565 shares during the period. Olympiad Research LP’s holdings in SEI Investments were worth $446,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Dimensional Fund Advisors LP boosted its stake in shares of SEI Investments by 19.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,380,311 shares of the asset manager’s stock valued at $89,291,000 after purchasing an additional 222,631 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in shares of SEI Investments in the 1st quarter worth approximately $14,172,000. Jupiter Asset Management Ltd. acquired a new stake in SEI Investments during the 2nd quarter valued at $7,787,000. West Coast Financial LLC boosted its stake in SEI Investments by 120.8% in the second quarter. West Coast Financial LLC now owns 116,128 shares of the asset manager’s stock worth $7,512,000 after purchasing an additional 63,537 shares in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp lifted its position in SEI Investments by 67.8% during the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 145,536 shares of the asset manager’s stock worth $10,376,000 after buying an additional 58,808 shares in the last quarter. Institutional investors own 70.59% of the company’s stock.

Insider Buying and Selling at SEI Investments

In other news, EVP Philip Mccabe sold 10,500 shares of SEI Investments stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $75.91, for a total value of $797,055.00. Following the sale, the executive vice president now directly owns 43,544 shares in the company, valued at $3,305,425.04. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other SEI Investments news, EVP Philip Mccabe sold 10,500 shares of SEI Investments stock in a transaction on Monday, October 28th. The shares were sold at an average price of $75.91, for a total value of $797,055.00. Following the sale, the executive vice president now directly owns 43,544 shares in the company, valued at approximately $3,305,425.04. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Alfred P. West, Jr. sold 61,000 shares of the business’s stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $67.36, for a total transaction of $4,108,960.00. Following the sale, the chairman now directly owns 7,504,285 shares in the company, valued at $505,488,637.60. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 185,646 shares of company stock worth $12,926,334. Corporate insiders own 14.30% of the company’s stock.

SEI Investments Stock Performance

Shares of SEIC opened at $81.07 on Thursday. The firm has a market cap of $10.45 billion, a P/E ratio of 19.33, a PEG ratio of 1.44 and a beta of 0.97. SEI Investments has a twelve month low of $55.64 and a twelve month high of $81.07. The firm’s 50 day moving average price is $70.43 and its two-hundred day moving average price is $67.90.

SEI Investments (NASDAQ:SEIC) last issued its quarterly earnings results on Wednesday, October 23rd. The asset manager reported $1.19 EPS for the quarter, beating analysts’ consensus estimates of $1.07 by $0.12. The company had revenue of $537.40 million for the quarter, compared to analyst estimates of $534.08 million. SEI Investments had a return on equity of 24.29% and a net margin of 26.60%. The company’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.87 earnings per share. On average, sell-side analysts anticipate that SEI Investments will post 4.38 earnings per share for the current fiscal year.

SEI Investments announced that its board has approved a stock repurchase plan on Tuesday, October 22nd that authorizes the company to repurchase $400.00 million in shares. This repurchase authorization authorizes the asset manager to reacquire up to 4.3% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s management believes its stock is undervalued.

Wall Street Analyst Weigh In

SEIC has been the topic of a number of research reports. Morgan Stanley upped their target price on shares of SEI Investments from $70.00 to $75.00 and gave the company an “underweight” rating in a research report on Thursday, October 24th. Piper Sandler increased their price objective on shares of SEI Investments from $74.00 to $77.00 and gave the company a “neutral” rating in a report on Thursday, October 24th. Oppenheimer upped their target price on shares of SEI Investments from $81.00 to $85.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Finally, Keefe, Bruyette & Woods restated a “market perform” rating and issued a $73.00 price target (down from $74.00) on shares of SEI Investments in a research report on Thursday, July 25th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $77.50.

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.