Boston Trust Walden Corp Decreases Stake in SEI Investments (NASDAQ:SEIC)

Boston Trust Walden Corp lessened its stake in SEI Investments (NASDAQ:SEIC - Free Report) by 0.8% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,286,309 shares of the asset manager's stock after selling 10,033 shares during the quarter. Boston Trust Walden Corp owned approximately 0.99% of SEI Investments worth $89,000,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the stock. Dimensional Fund Advisors LP boosted its holdings in SEI Investments by 19.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,380,311 shares of the asset manager's stock worth $89,291,000 after acquiring an additional 222,631 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in SEI Investments by 3.2% during the second quarter. Bank of New York Mellon Corp now owns 1,186,439 shares of the asset manager's stock worth $76,751,000 after purchasing an additional 36,810 shares during the last quarter. Raymond James & Associates grew its position in SEI Investments by 3.8% in the 3rd quarter. Raymond James & Associates now owns 544,477 shares of the asset manager's stock worth $37,672,000 after purchasing an additional 19,846 shares in the last quarter. ProShare Advisors LLC increased its stake in SEI Investments by 0.6% in the 2nd quarter. ProShare Advisors LLC now owns 465,011 shares of the asset manager's stock valued at $30,082,000 after buying an additional 2,698 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its position in shares of SEI Investments by 1.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 381,372 shares of the asset manager's stock worth $24,671,000 after buying an additional 4,656 shares in the last quarter. Hedge funds and other institutional investors own 70.59% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on SEIC shares. Oppenheimer upped their target price on SEI Investments from $81.00 to $85.00 and gave the company an "outperform" rating in a report on Thursday. Keefe, Bruyette & Woods reiterated a "market perform" rating and set a $73.00 target price (down from $74.00) on shares of SEI Investments in a research note on Thursday, July 25th. Morgan Stanley boosted their price target on shares of SEI Investments from $70.00 to $75.00 and gave the stock an "underweight" rating in a report on Thursday. Finally, Piper Sandler upped their price objective on SEI Investments from $74.00 to $77.00 and gave the company a "neutral" rating in a research note on Thursday. One analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $77.50.

Insider Activity

In other news, Chairman Alfred P. West, Jr. sold 44,163 shares of the company's stock in a transaction on Monday, August 26th. The shares were sold at an average price of $67.55, for a total value of $2,983,210.65. Following the transaction, the chairman now owns 7,605,414 shares of the company's stock, valued at approximately $513,745,715.70. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, Chairman Alfred P. West, Jr. sold 44,163 shares of SEI Investments stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $67.55, for a total transaction of $2,983,210.65. Following the completion of the sale, the chairman now owns 7,605,414 shares in the company, valued at approximately $513,745,715.70. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Chairman Alfred P. West, Jr. sold 61,000 shares of the company's stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $67.36, for a total transaction of $4,108,960.00. Following the completion of the transaction, the chairman now owns 7,504,285 shares in the company, valued at approximately $505,488,637.60. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 132,582 shares of company stock worth $8,942,405. 14.30% of the stock is owned by company insiders.

SEI Investments Price Performance

NASDAQ:SEIC traded up $0.69 on Friday, reaching $75.10. 1,179,525 shares of the company's stock were exchanged, compared to its average volume of 585,108. The stock has a fifty day simple moving average of $68.94 and a 200-day simple moving average of $67.40. SEI Investments has a 52 week low of $52.19 and a 52 week high of $75.97. The firm has a market cap of $9.75 billion, a price-to-earnings ratio of 19.66, a P/E/G ratio of 1.39 and a beta of 0.99.

SEI Investments (NASDAQ:SEIC - Get Free Report) last released its quarterly earnings data on Wednesday, October 23rd. The asset manager reported $1.19 earnings per share for the quarter, beating analysts' consensus estimates of $1.07 by $0.12. The business had revenue of $537.40 million during the quarter, compared to analyst estimates of $534.08 million. SEI Investments had a net margin of 25.44% and a return on equity of 23.25%. SEI Investments's revenue was up 12.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.87 EPS. As a group, sell-side analysts predict that SEI Investments will post 4.25 EPS for the current year.

SEI Investments declared that its Board of Directors has initiated a stock repurchase program on Tuesday, October 22nd that authorizes the company to repurchase $400.00 million in shares. This repurchase authorization authorizes the asset manager to purchase up to 4.3% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company's board believes its shares are undervalued.

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.