SEI Investments Company $SEIC Shares Acquired by Handelsbanken Fonder AB

Handelsbanken Fonder AB raised its position in shares of SEI Investments Company (NASDAQ:SEIC) by 32.9% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 33,500 shares of the asset manager’s stock after purchasing an additional 8,300 shares during the period. Handelsbanken Fonder AB’s holdings in SEI Investments were worth $2,842,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Mill Creek Capital Advisors LLC acquired a new stake in shares of SEI Investments in the third quarter valued at approximately $4,240,000. Choreo LLC grew its holdings in SEI Investments by 7.9% in the 3rd quarter. Choreo LLC now owns 2,697 shares of the asset manager’s stock worth $229,000 after buying an additional 197 shares in the last quarter. Intech Investment Management LLC increased its position in SEI Investments by 519.6% in the 3rd quarter. Intech Investment Management LLC now owns 29,927 shares of the asset manager’s stock valued at $2,539,000 after acquiring an additional 25,097 shares during the period. US Bancorp DE raised its stake in SEI Investments by 0.6% during the 3rd quarter. US Bancorp DE now owns 38,431 shares of the asset manager’s stock valued at $3,261,000 after acquiring an additional 227 shares in the last quarter. Finally, MAI Capital Management boosted its position in SEI Investments by 503.3% during the 3rd quarter. MAI Capital Management now owns 3,463 shares of the asset manager’s stock worth $294,000 after acquiring an additional 2,889 shares during the period. Institutional investors own 70.59% of the company’s stock.

Insider Buying and Selling at SEI Investments

In related news, insider Mark Andrew Warner sold 4,000 shares of the stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $81.74, for a total value of $326,960.00. Following the completion of the transaction, the insider owned 921 shares in the company, valued at $75,282.54. This trade represents a 81.28% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Ryan Hicke sold 80,000 shares of the business’s stock in a transaction dated Thursday, January 29th. The stock was sold at an average price of $87.36, for a total value of $6,988,800.00. Following the sale, the chief executive officer owned 197,164 shares in the company, valued at approximately $17,224,247.04. The trade was a 28.86% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 14.30% of the company’s stock.

SEI Investments Stock Performance

Shares of SEIC opened at $82.67 on Wednesday. SEI Investments Company has a 12-month low of $64.66 and a 12-month high of $93.96. The stock has a market capitalization of $10.11 billion, a P/E ratio of 14.68 and a beta of 0.96. The firm’s 50 day moving average is $83.99 and its 200-day moving average is $83.95. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.29 and a quick ratio of 3.20.

SEI Investments (NASDAQ:SEIC) last issued its earnings results on Wednesday, January 28th. The asset manager reported $1.30 earnings per share for the quarter, missing analysts’ consensus estimates of $1.34 by ($0.04). SEI Investments had a return on equity of 30.26% and a net margin of 31.14%.The business had revenue of $607.93 million for the quarter, compared to the consensus estimate of $596.97 million. During the same quarter in the previous year, the business posted $1.19 earnings per share. The company’s quarterly revenue was up 9.1% on a year-over-year basis. Equities research analysts anticipate that SEI Investments Company will post 4.86 EPS for the current fiscal year.

SEI Investments Announces Dividend

The business also recently announced 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 18.47%.

Analyst Upgrades and Downgrades

SEIC has been the topic of a number of research analyst reports. Morgan Stanley raised their price target on SEI Investments from $115.00 to $117.00 and gave the company an “overweight” rating in a report on Tuesday, January 6th. Keefe, Bruyette & Woods raised their target price on shares of SEI Investments from $97.00 to $102.00 and gave the company an “outperform” rating in a research note on Thursday, January 8th. Raymond James Financial reaffirmed an “outperform” rating and issued a $117.00 price target on shares of SEI Investments in a research note on Monday, January 5th. Zacks Research lowered shares of SEI Investments from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 11th. Finally, UBS Group began coverage on SEI Investments in a report on Wednesday, February 4th. They set a “buy” rating and a $115.00 target price on the stock. Seven equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $109.67.

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.