Northwest Investment Counselors LLC Cuts Position in SEI Investments (NASDAQ:SEIC)

Northwest Investment Counselors LLC lessened its stake in SEI Investments (NASDAQ:SEIC) by 9.0% in the third quarter, HoldingsChannel.com reports. The firm owned 6,841 shares of the asset manager’s stock after selling 675 shares during the quarter. Northwest Investment Counselors LLC’s holdings in SEI Investments were worth $473,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in SEIC. Fisher Asset Management LLC increased its holdings in shares of SEI Investments by 6.1% in the 4th quarter. Fisher Asset Management LLC now owns 8,648 shares of the asset manager’s stock valued at $550,000 after purchasing an additional 500 shares in the last quarter. GAMMA Investing LLC grew its stake in SEI Investments by 20.7% in the 1st quarter. GAMMA Investing LLC now owns 1,496 shares of the asset manager’s stock valued at $108,000 after acquiring an additional 257 shares during the last quarter. DGS Capital Management LLC grew its stake in SEI Investments by 108.9% in the 1st quarter. DGS Capital Management LLC now owns 8,839 shares of the asset manager’s stock valued at $636,000 after acquiring an additional 4,607 shares during the last quarter. Janiczek Wealth Management LLC grew its stake in SEI Investments by 17.1% in the 1st quarter. Janiczek Wealth Management LLC now owns 7,015 shares of the asset manager’s stock valued at $504,000 after acquiring an additional 1,022 shares during the last quarter. Finally, Procyon Advisors LLC grew its stake in SEI Investments by 8.8% in the 1st quarter. Procyon Advisors LLC now owns 31,874 shares of the asset manager’s stock valued at $2,292,000 after acquiring an additional 2,584 shares during the last quarter. Hedge funds and other institutional investors own 70.59% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on SEIC. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $73.00 price objective (down from $74.00) on shares of SEI Investments in a research note on Thursday, July 25th. Oppenheimer increased their price objective on shares of SEI Investments from $80.00 to $81.00 and gave the company an “outperform” rating in a research note on Tuesday, October 8th. Finally, Piper Sandler increased their price objective on shares of SEI Investments from $71.00 to $74.00 and gave the company a “neutral” rating in a research note on Wednesday, October 9th. One 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 stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $72.25.

SEI Investments Trading Down 1.2 %

Shares of SEI Investments stock traded down $0.89 during mid-day trading on Monday, hitting $72.46. 260,021 shares of the stock were exchanged, compared to its average volume of 569,439. SEI Investments has a twelve month low of $52.19 and a twelve month high of $73.66. The stock has a market capitalization of $9.52 billion, a price-to-earnings ratio of 20.04, a price-to-earnings-growth ratio of 1.40 and a beta of 0.99. The company has a 50-day simple moving average of $68.26 and a 200 day simple moving average of $67.30.

SEI Investments (NASDAQ:SEIC) last announced its quarterly earnings data on Wednesday, July 24th. The asset manager reported $1.05 earnings per share for the quarter, topping the consensus estimate of $1.04 by $0.01. The business had revenue of $518.99 million for the quarter, compared to analyst estimates of $523.80 million. SEI Investments had a net margin of 25.44% and a return on equity of 23.25%. The company’s revenue was up 6.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.89 EPS. Equities research analysts forecast that SEI Investments will post 4.24 earnings per share for the current fiscal year.

Insider Activity at SEI Investments

In other news, Chairman Alfred P. West, Jr. sold 61,000 shares of SEI Investments stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $67.36, for a total transaction of $4,108,960.00. Following the sale, the chairman now 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, Chairman Alfred P. West, Jr. sold 61,000 shares of SEI Investments stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $67.36, for a total transaction of $4,108,960.00. Following the sale, the chairman now 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Chairman Alfred P. West, Jr. sold 27,419 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $67.48, for a total transaction of $1,850,234.12. Following the sale, the chairman now directly owns 7,649,577 shares of the company’s stock, valued at $516,193,455.96. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 132,582 shares of company stock worth $8,942,405. Company insiders own 14.30% 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.