SEI Investments Company $SEIC Shares Bought by Vanguard Group Inc.

Vanguard Group Inc. increased its holdings in SEI Investments Company (NASDAQ:SEIC) by 0.3% during the third quarter, Holdings Channel reports. The firm owned 11,260,591 shares of the asset manager’s stock after purchasing an additional 30,970 shares during the period. Vanguard Group Inc. owned approximately 0.09% of SEI Investments worth $955,461,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Root Financial Partners LLC acquired a new position in SEI Investments in the third quarter worth approximately $28,000. SJS Investment Consulting Inc. boosted its stake in shares of SEI Investments by 142.9% during the 3rd quarter. SJS Investment Consulting Inc. now owns 357 shares of the asset manager’s stock worth $30,000 after acquiring an additional 210 shares in the last quarter. CoreFirst Bank & Trust acquired a new position in shares of SEI Investments in the 2nd quarter worth $34,000. Addison Advisors LLC raised its position in shares of SEI Investments by 117.6% during the second quarter. Addison Advisors LLC now owns 457 shares of the asset manager’s stock worth $41,000 after purchasing an additional 247 shares during the period. Finally, Geneos Wealth Management Inc. lifted its holdings in shares of SEI Investments by 60.2% during the first quarter. Geneos Wealth Management Inc. now owns 532 shares of the asset manager’s stock valued at $41,000 after purchasing an additional 200 shares during the last quarter. 70.59% of the stock is currently owned by institutional investors.

SEI Investments Stock Performance

SEIC stock opened at $81.39 on Friday. The firm has a 50 day simple moving average of $84.28 and a 200 day simple moving average of $84.30. SEI Investments Company has a 52 week low of $64.66 and a 52 week high of $93.96. The stock has a market cap of $9.97 billion, a P/E ratio of 14.46 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 (NASDAQ:SEIC) last released its quarterly earnings data on Wednesday, January 28th. The asset manager reported $1.30 earnings per share for the quarter, missing the consensus estimate of $1.34 by ($0.04). The company had revenue of $607.93 million during the quarter, compared to analyst estimates of $596.97 million. SEI Investments had a net margin of 31.14% and a return on equity of 30.26%. The firm’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.19 EPS. Research analysts anticipate that SEI Investments Company will post 4.86 earnings per share for the current fiscal year.

SEI Investments Announces Dividend

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

Analyst Ratings Changes

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

Insiders Place Their Bets

In other news, Chairman Alfred P. West, Jr. sold 24,770 shares of SEI Investments stock in a transaction dated Wednesday, December 3rd. The stock was sold at an average price of $80.87, for a total transaction of $2,003,149.90. Following the completion of the sale, the chairman directly owned 6,942,812 shares in the company, valued at $561,465,206.44. The trade was a 0.36% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Ryan Hicke sold 80,000 shares of the stock in a transaction that occurred on Thursday, January 29th. The stock was sold at an average price of $87.36, for a total value of $6,988,800.00. Following the completion of the transaction, the chief executive officer owned 197,164 shares in the company, valued at $17,224,247.04. This represents a 28.86% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 14.60% of the stock is currently owned by company insiders.

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.