SEI Investments (NASDAQ:SEIC) Director Sells $1,031,900.00 in Stock

SEI Investments Company (NASDAQ:SEIC) Director Carl Guarino sold 10,000 shares of SEI Investments stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $103.19, for a total transaction of $1,031,900.00. Following the sale, the director owned 18,308 shares in the company, valued at $1,889,202.52. This represents a 35.33% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

SEI Investments Price Performance

Shares of SEIC stock opened at $102.98 on Friday. The company has a market capitalization of $12.36 billion, a PE ratio of 18.16 and a beta of 0.97. The firm has a fifty day simple moving average of $92.90 and a 200-day simple moving average of $86.68. The company has a current ratio of 5.06, a quick ratio of 4.96 and a debt-to-equity ratio of 0.06. SEI Investments Company has a twelve month low of $75.08 and a twelve month high of $104.47.

SEI Investments (NASDAQ:SEIC) last released its quarterly earnings results on Wednesday, July 22nd. The asset manager reported $1.66 earnings per share for the quarter, beating analysts’ consensus estimates of $1.44 by $0.22. SEI Investments had a net margin of 28.85% and a return on equity of 29.16%. The business had revenue of $641.62 million during the quarter, compared to analyst estimates of $636.35 million. During the same period last year, the business earned $1.78 EPS. The business’s revenue was up 14.7% on a year-over-year basis. Equities research analysts anticipate that SEI Investments Company will post 6.2 earnings per share for the current fiscal year.

SEI Investments Dividend Announcement

The firm also recently announced 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. The ex-dividend date was Monday, June 8th. This represents a dividend yield of 118.0%. SEI Investments’s dividend payout ratio (DPR) is currently 18.34%.

Institutional Investors Weigh In On SEI Investments

Institutional investors have recently modified their holdings of the stock. Elevation Wealth Partners LLC grew its stake in SEI Investments by 96.8% in the second quarter. Elevation Wealth Partners LLC now owns 309 shares of the asset manager’s stock worth $27,000 after purchasing an additional 152 shares in the last quarter. Allworth Financial LP increased its holdings in 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 buying an additional 132 shares during the last quarter. CIBC Private Wealth Group LLC raised its stake in SEI Investments by 353.1% during the third quarter. CIBC Private Wealth Group LLC now owns 435 shares of the asset manager’s stock valued at $37,000 after buying an additional 339 shares in the last quarter. Root Financial Partners LLC lifted 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 buying an additional 141 shares during the last quarter. Finally, Geneos Wealth Management Inc. grew its position in shares of SEI Investments by 60.2% in 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. Institutional investors and hedge funds own 70.59% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on SEIC. Weiss Ratings reiterated a “buy (b)” rating on shares of SEI Investments in a research note on Friday, July 17th. Zacks Research upgraded SEI Investments from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 23rd. UBS Group restated a “buy” rating and set a $125.00 price objective on shares of SEI Investments in a report on Thursday, July 23rd. Morgan Stanley upped their target price on SEI Investments from $115.00 to $125.00 and gave the company an “overweight” rating in a research report on Thursday, July 23rd. Finally, Wall Street Zen upgraded SEI Investments from a “hold” rating to a “buy” rating in a research note on Saturday, July 25th. 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, SEI Investments presently has a consensus rating of “Buy” and a consensus price target of $122.60.

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.