Royce & Associates LP Has $76.67 Million Stake in SEI Investments Company $SEIC

Royce & Associates LP decreased its holdings in SEI Investments Company (NASDAQ:SEIC) by 26.3% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 903,583 shares of the asset manager’s stock after selling 323,169 shares during the period. SEI Investments makes up about 0.8% of Royce & Associates LP’s portfolio, making the stock its 10th biggest position. Royce & Associates LP owned about 0.74% of SEI Investments worth $76,669,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of SEIC. Foyston Gordon & Payne Inc increased its stake in shares of SEI Investments by 2.7% in the third quarter. Foyston Gordon & Payne Inc now owns 155,513 shares of the asset manager’s stock valued at $13,195,000 after buying an additional 4,032 shares during the period. Aster Capital Management DIFC Ltd increased its holdings in SEI Investments by 215.7% in the third quarter. Aster Capital Management DIFC Ltd now owns 6,673 shares of the asset manager’s stock valued at $566,000 after purchasing an additional 4,559 shares during the period. Handelsbanken Fonder AB raised its position in SEI Investments by 32.9% during the 3rd quarter. Handelsbanken Fonder AB now owns 33,500 shares of the asset manager’s stock worth $2,842,000 after purchasing an additional 8,300 shares during the last quarter. Mill Creek Capital Advisors LLC acquired a new position in SEI Investments during the 3rd quarter worth about $4,240,000. Finally, Choreo LLC lifted its holdings in SEI Investments by 7.9% during 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 during the period. Institutional investors own 70.59% of the company’s stock.

Insider Activity

In other news, insider Mark Andrew Warner sold 4,000 shares of the business’s stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $81.74, for a total transaction of $326,960.00. Following the completion of the sale, the insider directly owned 921 shares of the company’s stock, valued at $75,282.54. The trade was a 81.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Ryan Hicke sold 80,000 shares of the firm’s stock in a transaction dated Thursday, January 29th. The shares were sold at an average price of $87.36, for a total transaction of $6,988,800.00. Following the completion of the transaction, the chief executive officer directly owned 197,164 shares in the company, valued at approximately $17,224,247.04. The trade was a 28.86% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 108,770 shares of company stock worth $9,318,910 over the last three months. 14.60% of the stock is currently owned by insiders.

SEI Investments Stock Down 2.4%

SEIC stock opened at $81.32 on Friday. The stock’s 50 day simple moving average is $84.10 and its 200 day simple moving average is $84.07. The company has a market cap of $9.94 billion, a P/E ratio of 14.44 and a beta of 0.95. The company has a debt-to-equity ratio of 0.04, a quick ratio of 3.20 and a current ratio of 3.29. SEI Investments Company has a fifty-two week low of $64.66 and a fifty-two week high of $93.96.

SEI Investments (NASDAQ:SEIC) last released 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 net margin of 31.14% and a return on equity of 30.26%. The firm had revenue of $607.93 million for the quarter, compared to the consensus estimate of $596.97 million. During the same quarter in the prior year, the firm earned $1.19 EPS. The company’s revenue was up 9.1% compared to the same quarter last year. On average, research analysts expect that SEI Investments Company will post 4.86 earnings per share for the current fiscal year.

SEI Investments Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Zacks Research cut shares of SEI Investments from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 11th. Weiss Ratings reiterated a “buy (b)” rating on shares of SEI Investments in a report on Thursday, January 22nd. Raymond James Financial restated an “outperform” rating and set a $117.00 target price on shares of SEI Investments in a research report on Monday, January 5th. UBS Group started coverage on SEI Investments in a report on Wednesday, February 4th. They issued a “buy” rating and a $115.00 target price for the company. Finally, Piper Sandler restated an “overweight” rating and set a $106.00 price target on shares of SEI Investments in a report on Friday, February 20th. Seven analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $109.67.

SEI Investments Company 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.