Federated Hermes Inc. Has $716,000 Stock Position in SEI Investments (NASDAQ:SEIC)

Federated Hermes Inc. decreased its holdings in shares of SEI Investments (NASDAQ:SEIC) by 11.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,262 shares of the asset manager’s stock after selling 1,448 shares during the quarter. Federated Hermes Inc.’s holdings in SEI Investments were worth $716,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. IFG Advisory LLC increased its stake in shares of SEI Investments by 109.1% during the 4th quarter. IFG Advisory LLC now owns 58,292 shares of the asset manager’s stock worth $3,704,000 after purchasing an additional 30,408 shares during the last quarter. Diversified Trust Co increased its stake in shares of SEI Investments by 299.3% during the 4th quarter. Diversified Trust Co now owns 55,230 shares of the asset manager’s stock worth $3,510,000 after purchasing an additional 41,397 shares during the last quarter. Nordea Investment Management AB increased its stake in shares of SEI Investments by 9.8% during the 4th quarter. Nordea Investment Management AB now owns 9,445 shares of the asset manager’s stock worth $601,000 after purchasing an additional 841 shares during the last quarter. Raymond James & Associates increased its stake in shares of SEI Investments by 4.0% during the 3rd quarter. Raymond James & Associates now owns 474,836 shares of the asset manager’s stock worth $28,599,000 after purchasing an additional 18,397 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC increased its stake in shares of SEI Investments by 507.3% during the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 88,571 shares of the asset manager’s stock worth $5,335,000 after purchasing an additional 73,987 shares during the last quarter. Institutional investors and hedge funds own 70.59% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Piper Sandler lowered their target price on shares of SEI Investments from $72.00 to $69.00 and set a “neutral” rating on the stock in a research note on Thursday, April 25th. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $74.00 target price (up from $72.00) on shares of SEI Investments in a research note on Thursday, April 25th. StockNews.com upgraded shares of SEI Investments from a “hold” rating to a “buy” rating in a research note on Saturday, March 2nd. Finally, Oppenheimer raised their target price on shares of SEI Investments from $77.00 to $80.00 and gave the company an “outperform” rating in a research note on Tuesday, April 9th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $71.00.

Insider Buying and Selling at SEI Investments

In other SEI Investments news, Chairman Alfred P. West, Jr. sold 150,000 shares of the stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $70.75, for a total value of $10,612,500.00. Following the completion of the sale, the chairman now directly owns 7,884,834 shares of the company’s stock, valued at approximately $557,852,005.50. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, Chairman Alfred P. West, Jr. sold 150,000 shares of the firm’s stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $70.75, for a total transaction of $10,612,500.00. Following the completion of the transaction, the chairman now directly owns 7,884,834 shares of the company’s stock, valued at approximately $557,852,005.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Sanjay Sharma sold 15,000 shares of the firm’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $67.20, for a total transaction of $1,008,000.00. Following the transaction, the insider now directly owns 16,895 shares of the company’s stock, valued at $1,135,344. The disclosure for this sale can be found here. Insiders sold a total of 206,333 shares of company stock valued at $14,481,612 in the last ninety days. Company insiders own 15.50% of the company’s stock.

SEI Investments Price Performance

Shares of SEI Investments stock opened at $66.57 on Friday. SEI Investments has a fifty-two week low of $52.19 and a fifty-two week high of $72.54. The firm has a fifty day moving average price of $68.59 and a two-hundred day moving average price of $63.65. The company has a market cap of $8.75 billion, a PE ratio of 18.19, a price-to-earnings-growth ratio of 1.34 and a beta of 1.03.

SEI Investments (NASDAQ:SEIC) last issued its quarterly earnings results on Wednesday, April 24th. The asset manager reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.01. SEI Investments had a net margin of 24.80% and a return on equity of 22.91%. The firm had revenue of $511.58 million during the quarter, compared to the consensus estimate of $510.41 million. During the same period in the prior year, the firm earned $0.79 EPS. The business’s revenue was up 9.1% on a year-over-year basis. Analysts expect that SEI Investments will post 4.11 earnings per share for the current fiscal year.

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.