A Major Shareholder at SEI Investments Company (SEIC) is Buying Shares

Today, a Major Shareholder at SEI Investments Company (SEIC), Alfred West, bought shares of SEIC for $1.46M.

This is West’s first Buy trade following 126 Sell transactions. Over the last month, Alfred West has reported another 3 Buy trades on SEIC for a total of $24.19M.

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Based on SEI Investments Company’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $409 million and quarterly net profit of $128 million. In comparison, last year the company earned revenue of $386 million and had a net profit of $102 million. SEIC’s market cap is $7.98B and the company has a P/E ratio of 16.24. Currently, SEI Investments Company has an average volume of 89.25K.

Based on 5 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $67.50, reflecting a 34.7% upside. Three different firms, including KBW and Mizuho Securities, currently also have a Buy rating on the stock.

In the last 30 days, insiders have sold $24.19M worth of SEIC shares and purchased $1.64M worth of SEIC shares. The insider sentiment on SEI Investments Company has been negative according to 59 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

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SEI Investments Co. engages in the provision of investment processing, investment management, and investment operations platforms. It operates through the following business segments: Private Banks, Investment Advisors, Institutional Investors, Investment Managers, and Investments in New Businesses.

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