PFA Pension Forsikringsaktieselskab Invests $43.19 Million in SEI Investments Company $SEIC

PFA Pension Forsikringsaktieselskab acquired a new position in shares of SEI Investments Company (NASDAQ:SEIC) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 519,312 shares of the asset manager’s stock, valued at approximately $43,186,000.

A number of other large investors also recently modified their holdings of the business. Precision Wealth Strategies LLC boosted its stake in shares of SEI Investments by 10.3% during the 4th quarter. Precision Wealth Strategies LLC now owns 6,390 shares of the asset manager’s stock worth $524,000 after buying an additional 598 shares during the last quarter. Simplicity Wealth LLC boosted its stake in shares of SEI Investments by 14.4% during the 4th quarter. Simplicity Wealth LLC now owns 2,832 shares of the asset manager’s stock worth $232,000 after buying an additional 357 shares during the last quarter. Vest Financial LLC boosted its stake in shares of SEI Investments by 13.2% during the 4th quarter. Vest Financial LLC now owns 70,824 shares of the asset manager’s stock worth $5,809,000 after buying an additional 8,281 shares during the last quarter. M&T Bank Corp acquired a new position in shares of SEI Investments during the 4th quarter worth about $363,000. Finally, Kestra Private Wealth Services LLC raised its holdings in shares of SEI Investments by 15.6% in the 4th quarter. Kestra Private Wealth Services LLC now owns 8,930 shares of the asset manager’s stock valued at $732,000 after purchasing an additional 1,203 shares during the period. 70.59% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on SEIC. Weiss Ratings reaffirmed a “buy (b)” rating on shares of SEI Investments in a report on Tuesday, April 21st. Morgan Stanley dropped their target price on shares of SEI Investments from $119.00 to $108.00 and set an “overweight” rating on the stock in a report on Thursday, April 2nd. UBS Group began coverage on shares of SEI Investments in a report on Wednesday, February 4th. They issued a “buy” rating and a $115.00 target price on the stock. Keefe, Bruyette & Woods upped their target price on shares of SEI Investments from $95.00 to $107.00 and gave the company an “outperform” rating in a report on Thursday, April 23rd. Finally, Raymond James Financial reaffirmed an “outperform” rating and issued a $82.00 target price on shares of SEI Investments in a report on Wednesday. Seven investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $103.00.

SEI Investments Stock Down 0.5%

Shares of SEIC stock opened at $90.22 on Friday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 4.40 and a current ratio of 4.52. The firm’s 50-day moving average is $80.71 and its 200-day moving average is $82.15. The stock has a market cap of $10.85 billion, a price-to-earnings ratio of 15.40 and a beta of 1.00. SEI Investments Company has a 52-week low of $75.08 and a 52-week high of $93.96.

SEI Investments (NASDAQ:SEIC) last released its quarterly earnings results on Wednesday, April 22nd. The asset manager reported $1.44 earnings per share for the quarter, beating the consensus estimate of $1.29 by $0.15. The firm had revenue of $622.18 million for the quarter, compared to analysts’ expectations of $641.82 million. SEI Investments had a net margin of 31.17% and a return on equity of 30.70%. The business’s revenue was up 12.9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.17 EPS. Sell-side analysts predict that SEI Investments Company will post 5.9 EPS for the current year.

Insider Activity at SEI Investments

In other SEI Investments news, insider Sanjay Sharma sold 25,000 shares of the stock in a transaction dated Thursday, April 23rd. The shares were sold at an average price of $90.12, for a total value of $2,253,000.00. Following the transaction, the insider directly owned 39,829 shares of the company’s stock, valued at $3,589,389.48. This represents a 38.56% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Mark Andrew Warner sold 4,000 shares of the stock in a transaction dated Tuesday, April 28th. The shares were sold at an average price of $91.16, for a total transaction of $364,640.00. Following the completion of the transaction, the insider directly owned 921 shares in the company, valued at approximately $83,958.36. This represents a 81.28% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 110,447 shares of company stock valued at $9,324,799 in the last 90 days. Insiders own 14.60% of the company’s stock.

About SEI Investments

SEI Investments Company is a global provider of asset management, investment processing, and investment operations solutions. The firm offers a range of services designed to help financial institutions, private banks, wealth managers and family offices streamline back-office functions and enhance front-office capabilities. SEI’s technology platforms support various stages of the investment lifecycle, including trade execution, performance reporting, risk analytics and client communications.

The company’s core offerings include outsourced fund administration, custody and trust services, managed account solutions, and wealth management technology.