Court Place Advisors LLC lowered its position in shares of SEI Investments (NASDAQ:SEIC) by 0.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 99,463 shares of the asset manager’s stock after selling 560 shares during the quarter. SEI Investments makes up about 2.3% of Court Place Advisors LLC’s investment portfolio, making the stock its 9th largest position. Court Place Advisors LLC owned approximately 0.07% of SEI Investments worth $6,513,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. California Public Employees Retirement System grew its stake in shares of SEI Investments by 2.2% during the fourth quarter. California Public Employees Retirement System now owns 305,838 shares of the asset manager’s stock worth $20,026,000 after purchasing an additional 6,491 shares during the period. EagleClaw Capital Managment LLC grew its stake in shares of SEI Investments by 48.2% during the fourth quarter. EagleClaw Capital Managment LLC now owns 9,350 shares of the asset manager’s stock worth $612,000 after purchasing an additional 3,040 shares during the period. Leisure Capital Management acquired a new stake in shares of SEI Investments during the fourth quarter worth $201,000. Hills Bank & Trust Co. acquired a new stake in shares of SEI Investments during the fourth quarter worth $217,000. Finally, State of Michigan Retirement System grew its stake in shares of SEI Investments by 0.8% during the fourth quarter. State of Michigan Retirement System now owns 37,100 shares of the asset manager’s stock worth $2,429,000 after purchasing an additional 300 shares during the period. Institutional investors own 68.68% of the company’s stock.
In other SEI Investments news, EVP Paul Klauder sold 21,250 shares of the business’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $65.37, for a total value of $1,389,112.50. Following the completion of the transaction, the executive vice president now directly owns 123,224 shares of the company’s stock, valued at $8,055,152.88. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director William Doran sold 3,000 shares of the business’s stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $66.94, for a total value of $200,820.00. Following the completion of the transaction, the director now directly owns 671,915 shares of the company’s stock, valued at $44,977,990.10. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 187,050 shares of company stock valued at $12,057,138. 22.60% of the stock is owned by insiders.
Shares of SEI Investments stock opened at $63.45 on Wednesday. The company has a quick ratio of 5.59, a current ratio of 5.74 and a debt-to-equity ratio of 0.02. SEI Investments has a 12 month low of $46.60 and a 12 month high of $67.14. The business has a fifty day simple moving average of $65.39 and a 200 day simple moving average of $60.94. The stock has a market cap of $9.44 billion, a PE ratio of 20.21, a price-to-earnings-growth ratio of 1.44 and a beta of 1.31.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Friday, December 27th were paid a dividend of $0.35 per share. The ex-dividend date was Thursday, December 26th. This is a boost from SEI Investments’s previous quarterly dividend of $0.33. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.21%. SEI Investments’s payout ratio is 22.29%.
SEIC has been the subject of a number of analyst reports. Oppenheimer lifted their price objective on SEI Investments from $66.00 to $70.00 in a research note on Thursday, November 14th. ValuEngine cut SEI Investments from a “hold” rating to a “sell” rating in a research note on Thursday, October 10th. Finally, BidaskClub cut SEI Investments from a “hold” rating to a “sell” rating in a research note on Thursday, January 23rd. Two analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $65.67.
SEI Investments 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.
Read More: Correction
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:SEIC).
Receive News & Ratings for SEI Investments Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SEI Investments and related companies with MarketBeat.com's FREE daily email newsletter.