SEI Investments (NASDAQ:SEIC) Insider Sells $1,535,250.00 in Stock

SEI Investments Company (NASDAQ:SEIC) insider Mark Andrew Warner sold 15,000 shares of the stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $102.35, for a total transaction of $1,535,250.00. Following the completion of the sale, the insider directly owned 921 shares in the company, valued at $94,264.35. This trade represents a 94.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

SEI Investments Stock Down 0.1%

Shares of NASDAQ:SEIC opened at $102.98 on Friday. The firm has a market capitalization of $12.36 billion, a PE ratio of 18.16 and a beta of 0.97. The business has a 50 day simple moving average of $92.90 and a two-hundred day simple moving average of $86.68. SEI Investments Company has a 1 year low of $75.08 and a 1 year high of $104.47. The company has a debt-to-equity ratio of 0.06, a current ratio of 5.06 and a quick ratio of 4.96.

SEI Investments (NASDAQ:SEIC) last issued its quarterly earnings results on Wednesday, July 22nd. The asset manager reported $1.66 earnings per share for the quarter, topping the consensus estimate of $1.44 by $0.22. SEI Investments had a return on equity of 29.16% and a net margin of 28.85%.The firm had revenue of $641.62 million for the quarter, compared to the consensus estimate of $636.35 million. During the same period in the prior year, the business posted $1.78 earnings per share. The company’s revenue for the quarter was up 14.7% on a year-over-year basis. On average, equities analysts predict that SEI Investments Company will post 6.2 EPS for the current year.

SEI Investments Announces Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, June 16th. Shareholders of record on Monday, June 8th were given a $0.52 dividend. This represents a yield of 118.0%. The ex-dividend date of this dividend was Monday, June 8th. SEI Investments’s dividend payout ratio is 18.34%.

Institutional Investors Weigh In On SEI Investments

Hedge funds have recently made changes to their positions in the company. Elevation Wealth Partners LLC increased its stake in shares of SEI Investments by 96.8% during the second quarter. Elevation Wealth Partners LLC now owns 309 shares of the asset manager’s stock valued at $27,000 after buying an additional 152 shares during the period. Allworth Financial LP raised its holdings in shares of SEI Investments by 44.0% in the third quarter. Allworth Financial LP now owns 432 shares of the asset manager’s stock valued at $37,000 after acquiring an additional 132 shares in the last quarter. CIBC Private Wealth Group LLC lifted its stake in SEI Investments by 353.1% in the third quarter. CIBC Private Wealth Group LLC now owns 435 shares of the asset manager’s stock worth $37,000 after acquiring an additional 339 shares during the period. Root Financial Partners LLC grew its holdings in SEI Investments by 40.8% during the 1st quarter. Root Financial Partners LLC now owns 487 shares of the asset manager’s stock worth $38,000 after acquiring an additional 141 shares in the last quarter. Finally, Geneos Wealth Management Inc. grew its holdings in SEI Investments by 60.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 532 shares of the asset manager’s stock worth $41,000 after acquiring an additional 200 shares in the last quarter. 70.59% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Zacks Research upgraded SEI Investments from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 23rd. UBS Group restated a “buy” rating and issued a $125.00 price target on shares of SEI Investments in a report on Thursday, July 23rd. Wall Street Zen raised shares of SEI Investments from a “hold” rating to a “buy” rating in a research note on Saturday, July 25th. Piper Sandler lifted their price objective on shares of SEI Investments from $114.00 to $120.00 and gave the company an “overweight” rating in a report on Thursday, July 23rd. Finally, Morgan Stanley boosted their price objective on shares of SEI Investments from $115.00 to $125.00 and gave the company an “overweight” rating in a research report on Thursday, July 23rd. One research analyst has rated the stock with a Strong Buy rating and six have given a Buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $122.60.

SEI Investments Company Profile

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.