Shelton Capital Management Has $300,000 Holdings in SEI Investments (NASDAQ:SEIC)

Shelton Capital Management cut its holdings in shares of SEI Investments (NASDAQ:SEIC) by 4.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,026 shares of the asset manager’s stock after selling 246 shares during the period. Shelton Capital Management’s holdings in SEI Investments were worth $300,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Metis Global Partners LLC acquired a new position in shares of SEI Investments in the 1st quarter valued at approximately $246,000. AE Wealth Management LLC raised its holdings in shares of SEI Investments by 4.5% during the second quarter. AE Wealth Management LLC now owns 15,039 shares of the asset manager’s stock worth $897,000 after acquiring an additional 652 shares during the period. Portside Wealth Group LLC bought a new stake in SEI Investments in the 2nd quarter valued at $2,974,000. Allspring Global Investments Holdings LLC boosted its stake in SEI Investments by 57.2% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 301,105 shares of the asset manager’s stock worth $17,952,000 after purchasing an additional 109,560 shares during the period. Finally, KBC Group NV increased its holdings in SEI Investments by 86.3% during the 2nd quarter. KBC Group NV now owns 268,228 shares of the asset manager’s stock worth $15,992,000 after purchasing an additional 124,278 shares in the last quarter. 69.64% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other SEI Investments news, Director Kathryn Mccarthy sold 10,000 shares of the firm’s stock in a transaction on Friday, September 8th. The stock was sold at an average price of $60.58, for a total value of $605,800.00. Following the sale, the director now owns 72,466 shares of the company’s stock, valued at approximately $4,389,990.28. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other SEI Investments news, Director Kathryn Mccarthy sold 10,000 shares of the business’s stock in a transaction on Friday, September 8th. The shares were sold at an average price of $60.58, for a total transaction of $605,800.00. Following the sale, the director now owns 72,466 shares of the company’s stock, valued at $4,389,990.28. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Sei Investments Co bought 1,240,000 shares of the stock in a transaction on Tuesday, October 31st. The stock was purchased at an average cost of $10.00 per share, with a total value of $12,400,000.00. Following the acquisition, the insider now owns 1,250,000 shares in the company, valued at $12,500,000. The disclosure for this purchase can be found here. Insiders have sold 127,000 shares of company stock worth $7,749,881 over the last ninety days. Corporate insiders own 15.50% of the company’s stock.

Wall Street Analyst Weigh In

SEIC has been the subject of several recent research reports. Piper Sandler reduced their price objective on SEI Investments from $64.00 to $58.00 and set a “neutral” rating for the company in a research report on Thursday, October 26th. Morgan Stanley cut their price objective on shares of SEI Investments from $61.00 to $60.00 and set an “underweight” rating on the stock in a research report on Thursday, November 2nd. Oppenheimer decreased their target price on shares of SEI Investments from $71.00 to $68.00 and set an “outperform” rating for the company in a research report on Thursday, October 5th. Keefe, Bruyette & Woods boosted their price target on SEI Investments from $66.00 to $68.00 and gave the stock a “market perform” rating in a research report on Thursday, July 27th. Finally, StockNews.com upgraded shares of SEI Investments from a “hold” rating to a “buy” rating in a research note on Wednesday, October 25th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, SEI Investments presently has a consensus rating of “Hold” and a consensus target price of $63.40.

SEI Investments Trading Up 0.5 %

NASDAQ:SEIC opened at $58.28 on Tuesday. The stock has a 50 day simple moving average of $57.54 and a 200 day simple moving average of $59.25. SEI Investments has a 1-year low of $52.19 and a 1-year high of $64.69. The stock has a market cap of $7.67 billion, a P/E ratio of 17.24, a PEG ratio of 1.43 and a beta of 1.01.

SEI Investments (NASDAQ:SEIC) last issued its quarterly earnings results on Wednesday, October 25th. The asset manager reported $0.87 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.87. The business had revenue of $476.80 million for the quarter, compared to the consensus estimate of $482.52 million. SEI Investments had a return on equity of 22.48% and a net margin of 23.99%. The firm’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.77 earnings per share. As a group, sell-side analysts forecast that SEI Investments will post 3.41 EPS for the current year.

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.