SEI Investments Company $SEIC Shares Bought by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH lifted its holdings in shares of SEI Investments Company (NASDAQ:SEIC) by 22.5% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 72,953 shares of the asset manager’s stock after buying an additional 13,423 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in SEI Investments were worth $6,190,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in SEIC. Vest Financial LLC increased its holdings in SEI Investments by 15.1% in the 3rd quarter. Vest Financial LLC now owns 62,543 shares of the asset manager’s stock worth $5,307,000 after acquiring an additional 8,217 shares in the last quarter. Inscription Capital LLC acquired a new stake in shares of SEI Investments in the third quarter valued at about $569,000. Root Financial Partners LLC acquired a new stake in shares of SEI Investments in the third quarter valued at about $28,000. Wealth Enhancement Advisory Services LLC increased its stake in shares of SEI Investments by 2.3% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 21,247 shares of the asset manager’s stock worth $1,800,000 after purchasing an additional 473 shares in the last quarter. Finally, Maryland State Retirement & Pension System raised its position in shares of SEI Investments by 9.9% during the 3rd quarter. Maryland State Retirement & Pension System now owns 5,131 shares of the asset manager’s stock worth $435,000 after purchasing an additional 461 shares during the last quarter. Institutional investors and hedge funds own 70.59% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on SEIC shares. Weiss Ratings reiterated a “buy (b)” rating on shares of SEI Investments in a research note on Thursday. Piper Sandler upgraded SEI Investments from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $93.00 to $102.00 in a research report on Tuesday, December 23rd. Morgan Stanley increased their price objective on SEI Investments from $115.00 to $117.00 and gave the company an “overweight” rating in a research note on Tuesday, January 6th. Raymond James Financial reaffirmed an “outperform” rating and set a $117.00 target price on shares of SEI Investments in a research note on Monday, January 5th. Finally, Keefe, Bruyette & Woods increased their target price on shares of SEI Investments from $97.00 to $102.00 and gave the company an “outperform” rating in a research report on Thursday, January 8th. Six research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $107.80.

SEI Investments Stock Performance

NASDAQ SEIC opened at $85.34 on Tuesday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 5.62 and a current ratio of 5.73. The stock’s fifty day moving average is $83.36 and its two-hundred day moving average is $85.20. The firm has a market capitalization of $10.45 billion, a P/E ratio of 15.69 and a beta of 0.97. SEI Investments Company has a fifty-two week low of $64.66 and a fifty-two week high of $93.96.

SEI Investments Dividend Announcement

The company also recently declared a dividend, which was paid on Monday, January 12th. Stockholders of record on Monday, December 29th were given a dividend of $0.52 per share. The ex-dividend date of this dividend was Monday, December 29th. This represents a dividend yield of 124.0%. SEI Investments’s payout ratio is presently 19.12%.

SEI Investments announced that its board has approved a stock buyback plan on Friday, October 24th that permits the company to buyback $650.00 million in outstanding shares. This buyback authorization permits the asset manager to reacquire up to 6.4% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s board believes its shares are undervalued.

Insider Transactions at SEI Investments

In related news, Chairman Alfred P. West, Jr. sold 24,770 shares of the firm’s stock in a transaction dated Wednesday, December 3rd. The shares were sold at an average price of $80.87, for a total transaction of $2,003,149.90. Following the completion of the sale, the chairman directly owned 6,942,812 shares in the company, valued at approximately $561,465,206.44. This trade represents a 0.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 14.30% of the company’s stock.

About SEI Investments

SEI Investments Company is a global provider of asset management, investment processing, and investment operations solutions. The firm offers a range of services designed to help financial institutions, private banks, wealth managers and family offices streamline back-office functions and enhance front-office capabilities. SEI’s technology platforms support various stages of the investment lifecycle, including trade execution, performance reporting, risk analytics and client communications.

The company’s core offerings include outsourced fund administration, custody and trust services, managed account solutions, and wealth management technology.