SEI Investments (NASDAQ:SEIC) Shares Sold by Tandem Investment Advisors Inc.

Tandem Investment Advisors Inc. decreased its holdings in shares of SEI Investments (NASDAQ:SEIC) by 40.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 433,078 shares of the asset manager’s stock after selling 288,192 shares during the period. Tandem Investment Advisors Inc. owned approximately 0.33% of SEI Investments worth $28,016,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of SEIC. TFO Wealth Partners LLC increased its position in SEI Investments by 6,277.8% during the fourth quarter. TFO Wealth Partners LLC now owns 574 shares of the asset manager’s stock worth $36,000 after buying an additional 565 shares in the last quarter. Bessemer Group Inc. raised its stake in SEI Investments by 184.7% in the 1st quarter. Bessemer Group Inc. now owns 595 shares of the asset manager’s stock valued at $43,000 after purchasing an additional 386 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of SEI Investments by 78.3% during the 1st quarter. EverSource Wealth Advisors LLC now owns 626 shares of the asset manager’s stock worth $41,000 after purchasing an additional 275 shares during the last quarter. Mather Group LLC. grew its holdings in shares of SEI Investments by 181.2% during the second quarter. Mather Group LLC. now owns 776 shares of the asset manager’s stock worth $50,000 after buying an additional 500 shares in the last quarter. Finally, Global Retirement Partners LLC raised its position in shares of SEI Investments by 32.6% in the first quarter. Global Retirement Partners LLC now owns 948 shares of the asset manager’s stock valued at $68,000 after buying an additional 233 shares during the last quarter. 70.59% of the stock is owned by hedge funds and other institutional investors.

SEI Investments Stock Up 0.3 %

Shares of SEIC traded up $0.17 during mid-day trading on Friday, reaching $67.63. The company’s stock had a trading volume of 531,047 shares, compared to its average volume of 394,797. SEI Investments has a 1 year low of $52.19 and a 1 year high of $72.54. The company has a market cap of $8.78 billion, a price-to-earnings ratio of 18.48, a price-to-earnings-growth ratio of 1.34 and a beta of 0.99. The business has a fifty day moving average of $66.22 and a 200 day moving average of $67.24.

SEI Investments (NASDAQ:SEIC) last posted its earnings results on Wednesday, July 24th. The asset manager reported $1.05 earnings per share for the quarter, beating the consensus estimate of $1.04 by $0.01. The company had revenue of $518.99 million for the quarter, compared to analyst estimates of $523.80 million. SEI Investments had a return on equity of 23.25% and a net margin of 25.44%. The business’s revenue was up 6.1% compared to the same quarter last year. During the same period last year, the company earned $0.89 earnings per share. On average, analysts predict that SEI Investments will post 4.2 earnings per share for the current year.

Wall Street Analysts Forecast Growth

SEIC has been the subject of a number of recent analyst reports. Piper Sandler lowered their price objective on SEI Investments from $72.00 to $71.00 and set a “neutral” rating for the company in a research report on Thursday, July 25th. 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 report on Thursday, July 25th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $71.25.

Insiders Place Their Bets

In other SEI Investments news, Director William Doran sold 5,000 shares of the stock in a transaction on Monday, June 24th. The stock was sold at an average price of $67.04, for a total value of $335,200.00. Following the transaction, the director now directly owns 656,386 shares in the company, valued at approximately $44,004,117.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director William Doran sold 5,000 shares of the firm’s stock in a transaction on Monday, June 24th. The stock was sold at an average price of $67.04, for a total transaction of $335,200.00. Following the sale, the director now owns 656,386 shares of the company’s stock, valued at approximately $44,004,117.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Alfred P. West, Jr. sold 44,163 shares of the company’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $67.55, for a total value of $2,983,210.65. Following the transaction, the chairman now directly owns 7,605,414 shares of the company’s stock, valued at $513,745,715.70. The disclosure for this sale can be found here. Insiders sold a total of 137,582 shares of company stock worth $9,277,605 over the last quarter. 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.