Kathmere Capital Management LLC Increases Stock Holdings in SEI Investments Company $SEIC

Kathmere Capital Management LLC increased its position in shares of SEI Investments Company (NASDAQ:SEIC) by 7.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 99,485 shares of the asset manager’s stock after purchasing an additional 6,551 shares during the period. Kathmere Capital Management LLC’s holdings in SEI Investments were worth $7,807,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Norges Bank purchased a new stake in shares of SEI Investments in the 4th quarter valued at approximately $53,548,000. Clark Capital Management Group Inc. raised its position in shares of SEI Investments by 2,333.2% during the 4th quarter. Clark Capital Management Group Inc. now owns 645,859 shares of the asset manager’s stock valued at $52,973,000 after buying an additional 619,315 shares during the period. PFA Pension Forsikringsaktieselskab acquired a new position in SEI Investments in the fourth quarter valued at approximately $43,186,000. Qube Research & Technologies Ltd grew its position in SEI Investments by 82.5% in the third quarter. Qube Research & Technologies Ltd now owns 766,775 shares of the asset manager’s stock worth $65,061,000 after acquiring an additional 346,696 shares during the period. Finally, Caisse de depot et placement du Quebec grew its position in SEI Investments by 31.0% in the third quarter. Caisse de depot et placement du Quebec now owns 1,343,757 shares of the asset manager’s stock worth $114,018,000 after acquiring an additional 317,703 shares during the period. 70.59% of the stock is owned by hedge funds and other institutional investors.

SEI Investments Price Performance

NASDAQ:SEIC opened at $91.43 on Monday. SEI Investments Company has a 52 week low of $75.08 and a 52 week high of $93.96. The stock’s fifty day moving average is $89.90 and its two-hundred day moving average is $84.77. The stock has a market capitalization of $11.00 billion, a price-to-earnings ratio of 15.60 and a beta of 0.97. 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 (NASDAQ:SEIC) last issued its quarterly earnings data on Wednesday, April 22nd. The asset manager reported $1.44 earnings per share for the quarter, beating analysts’ consensus estimates of $1.29 by $0.15. The business had revenue of $622.18 million during the quarter, compared to analysts’ expectations of $641.82 million. SEI Investments had a return on equity of 30.70% and a net margin of 31.17%.The company’s revenue was up 12.9% on a year-over-year basis. During the same period in the previous year, the firm posted $1.17 earnings per share. Research analysts anticipate that SEI Investments Company will post 5.89 EPS for the current year.

SEI Investments Dividend Announcement

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

Insider Buying and Selling

In other news, insider Sanjay Sharma sold 25,000 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the insider owned 39,829 shares of the company’s stock, valued at approximately $3,589,389.48. This trade represents a 38.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Mark Andrew Warner sold 4,000 shares of SEI Investments stock in a transaction that occurred on Tuesday, April 28th. The shares were sold at an average price of $91.16, for a total transaction of $364,640.00. Following the completion of the transaction, the insider owned 921 shares of the company’s stock, valued at $83,958.36. This trade represents a 81.28% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 111,332 shares of company stock worth $9,908,883 over the last 90 days. 4.80% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Raymond James Financial restated an “outperform” rating and issued a $82.00 target price on shares of SEI Investments in a research report on Wednesday, April 29th. Weiss Ratings reiterated a “buy (b)” rating on shares of SEI Investments in a report on Tuesday, April 21st. Keefe, Bruyette & Woods raised their price objective on SEI Investments from $95.00 to $107.00 and gave the stock an “outperform” rating in a research report on Thursday, April 23rd. Piper Sandler restated an “overweight” rating and issued a $105.00 price objective (up from $99.00) on shares of SEI Investments in a report on Thursday, April 23rd. Finally, Morgan Stanley decreased their target price on shares of SEI Investments from $119.00 to $108.00 and set an “overweight” rating on the stock in a research report on Thursday, April 2nd. Seven investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, SEI Investments has a consensus rating of “Moderate Buy” and an average target price of $103.00.

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.