Boston Trust Walden Corp Sells 58,654 Shares of SEI Investments Company $SEIC

Boston Trust Walden Corp lessened its stake in shares of SEI Investments Company (NASDAQ:SEIC) by 5.9% during the third quarter, Holdings Channel reports. The fund owned 932,646 shares of the asset manager’s stock after selling 58,654 shares during the quarter. SEI Investments comprises 0.8% of Boston Trust Walden Corp’s investment portfolio, making the stock its 28th largest position. Boston Trust Walden Corp’s holdings in SEI Investments were worth $95,745,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Chicago Partners Investment Group LLC increased its stake in SEI Investments by 9.2% in the third quarter. Chicago Partners Investment Group LLC now owns 5,444 shares of the asset manager’s stock valued at $557,000 after purchasing an additional 459 shares in the last quarter. Provenance Wealth Advisors LLC acquired a new position in shares of SEI Investments during the third quarter valued at about $53,000. Oregon Public Employees Retirement Fund boosted its position in shares of SEI Investments by 14.3% during the 3rd quarter. Oregon Public Employees Retirement Fund now owns 21,586 shares of the asset manager’s stock worth $2,216,000 after purchasing an additional 2,700 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of SEI Investments during the 3rd quarter worth about $5,654,000. Finally, Profund Advisors LLC bought a new position in shares of SEI Investments during the 3rd quarter worth about $219,000. 70.59% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, EVP Michael Lane sold 2,400 shares of the firm’s stock in a transaction dated Tuesday, September 22nd. The shares were sold at an average price of $102.78, for a total value of $246,672.00. Following the transaction, the executive vice president owned 39,581 shares of the company’s stock, valued at approximately $4,068,135.18. This trade represents a 5.72% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Alfred West, Jr. sold 5,483 shares of SEI Investments stock in a transaction dated Wednesday, September 30th. The shares were sold at an average price of $103.16, for a total value of $565,626.28. Following the transaction, the chairman owned 6,784,574 shares of the company’s stock, valued at $699,896,653.84. This trade represents a 0.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 73,777 shares of company stock worth $7,899,863 in the last quarter. Insiders own 4.80% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Weiss Ratings upgraded SEI Investments from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Monday, October 26th. Piper Sandler reaffirmed an “overweight” rating and set a $129.00 price target (up from $127.00) on shares of SEI Investments in a research note on Thursday, October 22nd. Wall Street Zen downgraded SEI Investments from a “buy” rating to a “hold” rating in a research note on Saturday, October 31st. Keefe, Bruyette & Woods increased their price target on SEI Investments from $113.00 to $119.00 and gave the stock an “outperform” rating in a report on Thursday, July 23rd. Finally, UBS Group reissued a “buy” rating and issued a $125.00 price objective on shares of SEI Investments in a research note on Thursday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $125.50.

SEI Investments Stock Performance

Shares of SEIC stock opened at $108.62 on Thursday. The firm has a market capitalization of $12.88 billion, a PE ratio of 18.89 and a beta of 0.97. The firm has a fifty day simple moving average of $105.77 and a two-hundred day simple moving average of $93.18. The company has a current ratio of 4.31, a quick ratio of 4.23 and a debt-to-equity ratio of 0.07. SEI Investments Company has a 12 month low of $75.08 and a 12 month high of $112.15.

SEI Investments (NASDAQ:SEIC) last released its quarterly earnings data on Wednesday, October 21st. The asset manager reported $1.64 earnings per share for the quarter, beating analysts’ consensus estimates of $1.58 by $0.06. The firm had revenue of $662.04 million for the quarter, compared to analyst estimates of $656.25 million. SEI Investments had a net margin of 28.06% and a return on equity of 30.14%. The business’s quarterly revenue was up 14.4% compared to the same quarter last year. During the same period last year, the firm earned $1.30 earnings per share. Analysts forecast that SEI Investments Company will post 6.31 EPS for the current fiscal year.

SEI Investments Profile

SEI Investments Company is a financial technology and investment services provider headquartered in Oaks, Pennsylvania. Founded in 1968, the company delivers technology, operations, and investment solutions that help financial institutions and investment professionals manage client assets and business processes.

SEI’s offerings include wealth management and investment processing platforms, portfolio accounting, data management, compliance support, and outsourced middle- and back-office services.