Morningstar Investment Management LLC Buys 10,091 Shares of SEI Investments Company $SEIC

Morningstar Investment Management LLC lifted its stake in SEI Investments Company (NASDAQ:SEIC) by 27.9% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 46,245 shares of the asset manager’s stock after buying an additional 10,091 shares during the quarter. Morningstar Investment Management LLC’s holdings in SEI Investments were worth $3,629,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SEIC. Norges Bank bought a new stake in SEI Investments in the 4th quarter valued at $53,548,000. Clark Capital Management Group Inc. lifted its stake in SEI Investments by 2,333.2% in the 4th quarter. Clark Capital Management Group Inc. now owns 645,859 shares of the asset manager’s stock worth $52,973,000 after purchasing an additional 619,315 shares in the last quarter. PFA Pension Forsikringsaktieselskab bought a new position in shares of SEI Investments during the 4th quarter valued at about $43,186,000. Qube Research & Technologies Ltd boosted its holdings in shares of SEI Investments by 82.5% during the 3rd quarter. Qube Research & Technologies Ltd now owns 766,775 shares of the asset manager’s stock valued at $65,061,000 after purchasing an additional 346,696 shares during the last quarter. Finally, Caisse de depot et placement du Quebec grew its position in shares of SEI Investments by 31.0% during the third quarter. Caisse de depot et placement du Quebec now owns 1,343,757 shares of the asset manager’s stock valued at $114,018,000 after purchasing an additional 317,703 shares in the last quarter. Institutional investors own 70.59% of the company’s stock.

SEI Investments Price Performance

NASDAQ:SEIC opened at $99.22 on Friday. The firm has a market capitalization of $11.93 billion, a price-to-earnings ratio of 17.50 and a beta of 0.97. SEI Investments Company has a 1 year low of $75.08 and a 1 year high of $102.29. The business has a 50 day simple moving average of $91.71 and a 200-day simple moving average of $86.14. The company has a debt-to-equity ratio of 0.06, a current ratio of 5.06 and a quick ratio of 4.40.

SEI Investments (NASDAQ:SEIC) last released its earnings results on Wednesday, July 22nd. The asset manager reported $1.66 earnings per share for the quarter, beating the consensus estimate of $1.44 by $0.22. SEI Investments had a return on equity of 29.16% and a net margin of 28.85%.The firm had revenue of $641.62 million for the quarter, compared to the consensus estimate of $636.35 million. During the same quarter in the previous year, the company posted $1.78 EPS. The company’s revenue for the quarter was up 14.7% compared to the same quarter last year. Equities analysts forecast that SEI Investments Company will post 6.2 EPS for the current year.

SEI Investments Dividend Announcement

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

Insiders Place Their Bets

In other news, insider Mark Andrew Warner sold 4,000 shares of the stock in a transaction on Tuesday, April 28th. The shares were sold at an average price of $91.16, for a total value of $364,640.00. Following the sale, the insider owned 921 shares of the company’s stock, valued at approximately $83,958.36. This represents a 81.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Kathryn Mccarthy sold 10,000 shares of the firm’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $91.07, for a total transaction of $910,700.00. Following the completion of the sale, the director owned 77,883 shares of the company’s stock, valued at $7,092,804.81. This trade represents a 11.38% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 71,332 shares of company stock valued at $6,278,583 over the last three months. 4.80% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on SEIC. Morgan Stanley lifted their target price on SEI Investments from $115.00 to $125.00 and gave the stock an “overweight” rating in a report on Thursday. Wall Street Zen raised SEI Investments from a “hold” rating to a “buy” rating in a research note on Saturday. Piper Sandler upped their price objective on SEI Investments from $114.00 to $120.00 and gave the stock an “overweight” rating in a report on Thursday. Weiss Ratings reiterated a “buy (b)” rating on shares of SEI Investments in a research report on Friday, July 17th. Finally, Raymond James Financial raised their target price on shares of SEI Investments from $122.00 to $124.00 and gave the company an “outperform” rating in a report on Monday, July 6th. Six analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $122.60.

Key SEI Investments News

Here are the key news stories impacting SEI Investments this week:

• Positive Sentiment: SEI posted Q2 earnings of $1.66 per share, beating estimates, while revenue rose to $641.6 million and sales/AUM metrics topped expectations, reinforcing the view that business momentum remains solid. Article Title
• Positive Sentiment: Management’s Q2 call highlighted record growth and expanding margins, which suggests operating leverage is improving and may support earnings growth ahead. Article Title
• Positive Sentiment: Analysts turned more constructive after earnings: Morgan Stanley raised its price target to $125 with an overweight rating, and Keefe, Bruyette & Woods lifted its target to $119 with an outperform rating, both signaling higher expectations for the stock. Article Title
• Positive Sentiment: Consensus earnings estimates have been revised higher, which often supports shares when investors see improving forward fundamentals. Article Title
• Neutral Sentiment: Recent short-interest data showed no meaningful short position reported, so there is no clear bearish squeeze or short-selling signal driving the move. Article Title

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.