The transactions involved the sale of 80,955 shares at a weighted average price of $85.64, 12,703 shares at $86.22, and 500 shares at $87.25 on December 13. On December 16, West sold 13,632 shares at $84.72, 34,672 shares at $85.34, and 3,738 shares at $86.09. Following these transactions, West retains ownership of 7,232,922 shares in SEI Investments (NASDAQ:SEIC) Co.These sales reflect routine transactions by West, who holds both director and officer positions within the company. According to InvestingPro analysis, SEI Investments maintains excellent financial health with strong profitability metrics and has consistently raised its dividend for 11 consecutive years. For deeper insights into SEI's financial health and detailed insider trading patterns, investors can access the comprehensive Pro Research Report, available exclusively on InvestingPro. According to InvestingPro analysis, SEI Investments maintains excellent financial health with strong profitability metrics and has consistently raised its dividend for 11 consecutive years. For deeper insights into SEI's financial health and detailed insider trading patterns, investors can access the comprehensive Pro Research Report, available exclusively on InvestingPro.
The transactions involved the sale of 80,955 shares at a weighted average price of $85.64, 12,703 shares at $86.22, and 500 shares at $87.25 on December 13. On December 16, West sold 13,632 shares at $84.72, 34,672 shares at $85.34, and 3,738 shares at $86.09. Following these transactions, West retains ownership of 7,232,922 shares in SEI Investments Co.
These sales reflect routine transactions by West, who holds both director and officer positions within the company.
In other recent news, SEI, a financial services company, has been active with significant developments. SEI reported remarkable growth in its recent quarterly results, surpassing estimates with an earnings per share (EPS) of $1.19, and record-breaking sales events totaling $46 million. Following these strong results, Piper Sandler revised its price target for SEI Investments, raising it to $77, while Oppenheimer increased its price target to $85.
SEI also announced the acquisition of Boston-based tax-smart technology provider LifeYield, marking a significant move in the financial services industry. The acquisition will position SEI to offer the first real-time, automated unified managed household (UMH) capabilities through a fully bundled overlay solution aimed at optimizing after-tax returns.
In a strategic partnership, Arrow Global Group Limited selected SEI to provide fund administration, loan operations, and investor services for its private credit fund based in Luxembourg. SEI's technology will be leveraged to enhance transparency and streamline processes.
Lastly, SEI's revenue from the Federal Deposit Insurance Corporation (FDIC) cash program is projected to double in the fourth quarter due to enhancements that increased the cash sweep. These are recent developments highlighting SEI Investments' robust position in the financial sector.
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