Hahn Capital Management LLC Sells 17,503 Shares of SEI Investments Company $SEIC

Hahn Capital Management LLC decreased its holdings in shares of SEI Investments Company (NASDAQ:SEIC) by 17.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 84,374 shares of the asset manager’s stock after selling 17,503 shares during the quarter. SEI Investments makes up approximately 4.2% of Hahn Capital Management LLC’s portfolio, making the stock its 9th biggest position. Hahn Capital Management LLC’s holdings in SEI Investments were worth $6,621,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in SEIC. Bank of America Corp DE raised its holdings in SEI Investments by 4.4% during the second quarter. Bank of America Corp DE now owns 3,160,636 shares of the asset manager’s stock worth $284,015,000 after purchasing an additional 133,057 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of SEI Investments by 3.9% in the 4th quarter. Geode Capital Management LLC now owns 2,894,317 shares of the asset manager’s stock valued at $237,421,000 after buying an additional 109,974 shares in the last quarter. Lord Abbett & CO. LLC grew its position in shares of SEI Investments by 19.2% in the 4th quarter. Lord Abbett & CO. LLC now owns 1,917,370 shares of the asset manager’s stock valued at $157,263,000 after buying an additional 308,988 shares during the last quarter. First Trust Advisors LP grew its position in shares of SEI Investments by 4.4% in the 4th quarter. First Trust Advisors LP now owns 1,800,938 shares of the asset manager’s stock valued at $147,713,000 after buying an additional 75,919 shares during the last quarter. Finally, Invesco Ltd. raised its stake in SEI Investments by 4.1% during the 3rd quarter. Invesco Ltd. now owns 1,731,523 shares of the asset manager’s stock worth $146,920,000 after acquiring an additional 68,873 shares in the last quarter. 70.59% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Sanjay Sharma sold 25,000 shares of SEI Investments stock in a transaction on Thursday, April 23rd. The shares were sold at an average price of $90.12, for a total value of $2,253,000.00. Following the transaction, the insider directly owned 39,829 shares in the company, valued at $3,589,389.48. This trade represents a 38.56% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Kathryn Mccarthy sold 10,000 shares of the business’s stock in a transaction on Monday, May 4th. The shares were sold at an average price of $91.07, for a total transaction of $910,700.00. Following the completion of the transaction, the director directly owned 77,883 shares in the company, valued at $7,092,804.81. This represents a 11.38% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 111,332 shares of company stock valued at $9,908,883. 4.80% of the stock is currently owned by company insiders.

SEI Investments Stock Performance

NASDAQ SEIC opened at $99.25 on Monday. The company has a quick ratio of 4.40, a current ratio of 4.52 and a debt-to-equity ratio of 0.07. SEI Investments Company has a 52-week low of $75.08 and a 52-week high of $100.79. The business’s 50-day moving average price is $91.04 and its 200 day moving average price is $85.61. The firm has a market cap of $11.94 billion, a P/E ratio of 16.94 and a beta of 0.97.

SEI Investments (NASDAQ:SEIC) last posted its quarterly earnings data on Wednesday, April 22nd. The asset manager reported $1.44 EPS for the quarter, beating the consensus estimate of $1.29 by $0.15. SEI Investments had a return on equity of 30.70% and a net margin of 31.17%.The firm had revenue of $622.18 million during the quarter, compared to the consensus estimate of $641.82 million. During the same period in the prior year, the business earned $1.17 EPS. The firm’s revenue was up 12.9% compared to the same quarter last year. On average, equities research analysts expect that SEI Investments Company will post 5.98 earnings per share for the current year.

SEI Investments Dividend Announcement

The business also recently declared a dividend, which was paid on Tuesday, June 16th. Stockholders of record on Monday, June 8th were paid a dividend of $0.52 per share. This represents a dividend yield of 118.0%. The ex-dividend date was Monday, June 8th. SEI Investments’s dividend payout ratio is 17.75%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on SEIC shares. Morgan Stanley boosted their price target on shares of SEI Investments from $113.00 to $115.00 and gave the company an “overweight” rating in a research report on Thursday, July 9th. Weiss Ratings reissued a “buy (b)” rating on shares of SEI Investments in a report on Tuesday, April 21st. Raymond James Financial upped their target price on SEI Investments from $122.00 to $124.00 and gave the company an “outperform” rating in a research report on Monday, July 6th. Keefe, Bruyette & Woods raised their price target on SEI Investments from $107.00 to $113.00 and gave the stock an “outperform” rating in a research note on Friday, July 10th. Finally, Piper Sandler lifted their price target on SEI Investments from $105.00 to $114.00 and gave the stock an “overweight” rating in a research report on Monday, July 13th. Six investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $116.20.

SEI Investments 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.