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Interval Partners LP Has $606,000 Stock Holdings in SEI Investments (NASDAQ:SEIC)

Interval Partners LP reduced its position in shares of SEI Investments (NASDAQ:SEICGet Rating) by 68.2% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 10,058 shares of the asset manager’s stock after selling 21,591 shares during the quarter. Interval Partners LP’s holdings in SEI Investments were worth $606,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. raised its stake in SEI Investments by 2.3% during the 1st quarter. BlackRock Inc. now owns 11,645,954 shares of the asset manager’s stock worth $701,203,000 after buying an additional 260,417 shares during the period. State Street Corp raised its stake in SEI Investments by 0.6% during the 4th quarter. State Street Corp now owns 5,690,615 shares of the asset manager’s stock worth $349,030,000 after buying an additional 35,910 shares during the period. Beutel Goodman & Co Ltd. raised its stake in SEI Investments by 34.3% during the 1st quarter. Beutel Goodman & Co Ltd. now owns 3,792,881 shares of the asset manager’s stock worth $228,369,000 after buying an additional 968,459 shares during the period. Great West Life Assurance Co. Can raised its stake in SEI Investments by 2.1% during the 1st quarter. Great West Life Assurance Co. Can now owns 2,020,748 shares of the asset manager’s stock worth $128,313,000 after buying an additional 40,984 shares during the period. Finally, Geode Capital Management LLC raised its stake in SEI Investments by 7.9% during the 4th quarter. Geode Capital Management LLC now owns 1,943,809 shares of the asset manager’s stock worth $118,418,000 after buying an additional 141,772 shares during the period. 70.50% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at SEI Investments

In other SEI Investments news, EVP Wayne Withrow sold 15,000 shares of the stock in a transaction on Tuesday, August 9th. The stock was sold at an average price of $55.78, for a total transaction of $836,700.00. Following the completion of the transaction, the executive vice president now directly owns 38,799 shares of the company’s stock, valued at $2,164,208.22. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other SEI Investments news, insider Dennis Mcgonigle sold 35,000 shares of the stock in a transaction on Friday, July 29th. The stock was sold at an average price of $55.15, for a total transaction of $1,930,250.00. Following the completion of the transaction, the insider now directly owns 576,663 shares of the company’s stock, valued at $31,802,964.45. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Wayne Withrow sold 15,000 shares of the stock in a transaction on Tuesday, August 9th. The shares were sold at an average price of $55.78, for a total value of $836,700.00. Following the transaction, the executive vice president now directly owns 38,799 shares of the company’s stock, valued at $2,164,208.22. The disclosure for this sale can be found here. 25.40% of the stock is owned by corporate insiders.

SEI Investments Stock Up 1.0 %

SEIC stock opened at $56.59 on Friday. The firm has a market cap of $7.67 billion, a PE ratio of 13.57, a P/E/G ratio of 1.27 and a beta of 0.98. The business has a 50 day moving average of $55.14 and a 200-day moving average of $56.31. SEI Investments has a 12-month low of $51.07 and a 12-month high of $65.22.

SEI Investments (NASDAQ:SEICGet Rating) last released its earnings results on Wednesday, July 20th. The asset manager reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.83 by ($0.02). The business had revenue of $481.67 million during the quarter, compared to the consensus estimate of $472.18 million. SEI Investments had a net margin of 28.53% and a return on equity of 30.81%. The business’s revenue was up 1.3% on a year-over-year basis. During the same period in the prior year, the company earned $0.93 earnings per share. On average, research analysts expect that SEI Investments will post 3.71 earnings per share for the current year.

SEI Investments declared that its board has approved a share buyback program on Wednesday, June 1st that authorizes the company to repurchase $200.00 million in shares. This repurchase authorization authorizes the asset manager to repurchase up to 2.5% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s board of directors believes its shares are undervalued.

Wall Street Analysts Forecast Growth

SEIC has been the subject of several analyst reports. Piper Sandler lowered their price objective on SEI Investments to $61.00 and set an “outperform” rating for the company in a research note on Wednesday, July 27th. StockNews.com downgraded SEI Investments from a “buy” rating to a “hold” rating in a research note on Friday, July 22nd. William Blair reissued a “mkt perform” rating on shares of SEI Investments in a research note on Monday, July 25th. Keefe, Bruyette & Woods lowered their price objective on SEI Investments from $62.00 to $55.00 in a research note on Thursday, July 14th. Finally, The Goldman Sachs Group lowered their price objective on SEI Investments to $58.00 in a research note on Friday, July 22nd. One analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $60.50.

About SEI Investments

(Get Rating)

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.

See Also

Want to see what other hedge funds are holding SEIC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SEI Investments (NASDAQ:SEICGet Rating).

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