SEI Investments (NASDAQ:SEIC) Chairman Alfred West Jr Sells 55,000 Shares

SEI Investments Company (NASDAQ:SEIC) Chairman Alfred West, Jr. sold 55,000 shares of the business’s stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $80.23, for a total transaction of $4,412,650.00. Following the completion of the transaction, the chairman owned 6,883,230 shares in the company, valued at $552,241,542.90. The trade was a 0.79% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

SEI Investments Trading Down 0.3%

Shares of SEIC stock traded down $0.25 during trading hours on Thursday, reaching $79.39. The company’s stock had a trading volume of 112,207 shares, compared to its average volume of 751,251. The company has a current ratio of 3.29, a quick ratio of 3.20 and a debt-to-equity ratio of 0.04. SEI Investments Company has a one year low of $64.66 and a one year high of $93.96. The stock has a market capitalization of $9.71 billion, a P/E ratio of 14.09 and a beta of 0.96. The firm’s fifty day simple moving average is $83.57 and its 200 day simple moving average is $83.67.

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

SEI Investments Announces Dividend

The company also recently disclosed a dividend, which was paid on Monday, January 12th. Shareholders of record on Monday, December 29th were paid a dividend of $0.52 per share. This represents a yield of 124.0%. The ex-dividend date was Monday, December 29th. SEI Investments’s dividend payout ratio (DPR) is currently 18.47%.

Institutional Investors Weigh In On SEI Investments

Institutional investors have recently added to or reduced their stakes in the stock. Bison Wealth LLC purchased a new stake in shares of SEI Investments in the fourth quarter worth approximately $207,000. Baird Financial Group Inc. purchased a new position in SEI Investments during the 1st quarter valued at $201,000. Geneos Wealth Management Inc. grew its position in SEI Investments by 60.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 532 shares of the asset manager’s stock valued at $41,000 after acquiring an additional 200 shares during the last quarter. Aviva PLC grew its position in SEI Investments by 45.5% in the 2nd quarter. Aviva PLC now owns 11,550 shares of the asset manager’s stock valued at $1,038,000 after acquiring an additional 3,613 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new stake in SEI Investments in the second quarter worth $3,886,000. 70.59% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on SEIC. UBS Group assumed coverage on SEI Investments in a report on Wednesday, February 4th. They set a “buy” rating and a $115.00 price target on the stock. Weiss Ratings restated a “buy (b)” rating on shares of SEI Investments in a research note on Thursday, January 22nd. Morgan Stanley boosted their price objective on shares of SEI Investments from $115.00 to $117.00 and gave the company an “overweight” rating in a report on Tuesday, January 6th. Piper Sandler restated an “overweight” rating and issued a $106.00 target price on shares of SEI Investments in a report on Friday, February 20th. Finally, Raymond James Financial reiterated an “outperform” rating and set a $117.00 target price on shares of SEI Investments in a research note on Monday, January 5th. Seven analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $109.67.

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.