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

Linden Thomas Advisory Services LLC raised its holdings in SEI Investments (NASDAQ:SEIC) by 3.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 24,200 shares of the asset manager’s stock after acquiring an additional 760 shares during the quarter. Linden Thomas Advisory Services LLC’s holdings in SEI Investments were worth $1,538,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. VisionPoint Advisory Group LLC increased its stake in SEI Investments by 67.1% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 513 shares of the asset manager’s stock worth $31,000 after purchasing an additional 206 shares in the last quarter. Impact Partnership Wealth LLC acquired a new stake in SEI Investments during the third quarter worth approximately $129,000. C M Bidwell & Associates Ltd. increased its position in 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 buying an additional 2,121 shares during the period. Bison Wealth LLC bought a new position in shares of SEI Investments during the fourth quarter worth approximately $210,000. Finally, Caprock Group LLC bought a new stake in shares of SEI Investments during the 3rd quarter valued at $201,000. 70.59% of the stock is currently owned by institutional investors.

SEI Investments Stock Performance

SEI Investments stock traded down $0.54 during midday trading on Wednesday, hitting $66.46. 237,953 shares of the company’s stock were exchanged, compared to its average volume of 560,240. The stock has a 50-day moving average price of $68.55 and a two-hundred day moving average price of $63.31. The company has a market cap of $8.74 billion, a P/E ratio of 19.19, a PEG ratio of 1.37 and a beta of 1.02. SEI Investments has a 52-week low of $52.19 and a 52-week high of $72.54.

SEI Investments (NASDAQ:SEIC) last released its quarterly earnings data on Wednesday, January 31st. The asset manager reported $0.91 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.91. The firm had revenue of $484.86 million during the quarter, compared to analyst estimates of $481.39 million. SEI Investments had a return on equity of 22.40% and a net margin of 24.08%. During the same quarter in the prior year, the firm posted $0.83 earnings per share. As a group, sell-side analysts expect that SEI Investments will post 4.08 earnings per share for the current year.

Insider Buying and Selling

In related news, Chairman Alfred P. West, Jr. sold 150,000 shares of the company’s stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $70.75, for a total value of $10,612,500.00. Following the transaction, the chairman now owns 7,884,834 shares in the company, valued at approximately $557,852,005.50. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, Chairman Alfred P. West, Jr. sold 150,000 shares of the company’s stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $70.75, for a total transaction of $10,612,500.00. Following the completion of the sale, the chairman now owns 7,884,834 shares in the company, valued at $557,852,005.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Chairman Alfred P. West, Jr. sold 19,363 shares of the company’s stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $72.14, for a total value of $1,396,846.82. Following the completion of the sale, the chairman now owns 7,865,471 shares of the company’s stock, valued at $567,415,077.94. The disclosure for this sale can be found here. Insiders have sold a total of 206,333 shares of company stock valued at $14,481,612 over the last ninety days. Company insiders own 15.50% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.