DGS Capital Management LLC Sells 282 Shares of SEI Investments (NASDAQ:SEIC)

DGS Capital Management LLC cut its holdings in SEI Investments (NASDAQ:SEIC) by 6.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,232 shares of the asset manager’s stock after selling 282 shares during the quarter. DGS Capital Management LLC’s holdings in SEI Investments were worth $269,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. BlackRock Inc. raised its stake in SEI Investments by 2.7% during the 1st quarter. BlackRock Inc. now owns 11,770,720 shares of the asset manager’s stock valued at $677,405,000 after buying an additional 311,552 shares during the last quarter. Morgan Stanley raised its stake in SEI Investments by 670.4% during the 4th quarter. Morgan Stanley now owns 6,519,582 shares of the asset manager’s stock valued at $380,092,000 after buying an additional 5,673,374 shares during the last quarter. State Street Corp raised its stake in SEI Investments by 0.8% during the 3rd quarter. State Street Corp now owns 6,293,623 shares of the asset manager’s stock valued at $308,702,000 after buying an additional 52,265 shares during the last quarter. First Trust Advisors LP raised its stake in SEI Investments by 3.0% during the 1st quarter. First Trust Advisors LP now owns 1,418,169 shares of the asset manager’s stock valued at $85,388,000 after buying an additional 41,915 shares during the last quarter. Finally, Boston Trust Walden Corp raised its stake in SEI Investments by 1.9% during the 4th quarter. Boston Trust Walden Corp now owns 1,314,965 shares of the asset manager’s stock valued at $83,566,000 after buying an additional 24,621 shares during the last quarter. 70.59% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, EVP Wayne Withrow sold 16,970 shares of the company’s stock in a transaction 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 completion of the transaction, the executive vice president now owns 55,399 shares of the company’s stock, valued at approximately $3,665,197.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other SEI Investments news, Chairman Alfred P. West, Jr. sold 150,000 shares of the stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $70.75, for a total transaction of $10,612,500.00. Following the completion of the transaction, the chairman now owns 7,884,834 shares of the company’s stock, valued at approximately $557,852,005.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Wayne Withrow sold 16,970 shares of the stock in a transaction dated Wednesday, February 7th. The shares were 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 directly owns 55,399 shares of the company’s stock, valued at approximately $3,665,197.84. The disclosure for this sale can be found here. In the last quarter, insiders sold 206,333 shares of company stock valued at $14,481,612. Company insiders own 15.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on SEIC shares. StockNews.com upgraded shares of SEI Investments from a “hold” rating to a “buy” rating in a research note on Saturday, March 2nd. Oppenheimer upped their price objective on SEI Investments from $77.00 to $80.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 9th. Finally, Piper Sandler upped their price objective on SEI Investments from $66.00 to $72.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 10th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $70.25.

SEI Investments Stock Performance

Shares of SEI Investments stock opened at $66.41 on Wednesday. The company has a market capitalization of $8.72 billion, a P/E ratio of 19.19, a P/E/G ratio of 1.37 and a beta of 1.02. The company has a fifty day moving average of $68.54 and a 200 day moving average of $63.01. SEI Investments has a fifty-two week low of $52.19 and a fifty-two week high of $72.54.

SEI Investments (NASDAQ:SEIC) last issued its 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. The company had revenue of $484.86 million during the quarter, compared to the consensus estimate 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 in the prior year, the firm posted $0.83 EPS. Analysts forecast that SEI Investments will post 4.08 EPS for the current year.

SEI Investments Company 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.