SEI Investments Company $SEIC Shares Sold by Interval Partners LP

Interval Partners LP decreased its position in shares of SEI Investments Company (NASDAQ:SEIC) by 9.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 184,896 shares of the asset manager’s stock after selling 19,018 shares during the period. Interval Partners LP’s holdings in SEI Investments were worth $15,165,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in SEI Investments by 0.3% during the third quarter. Vanguard Group Inc. now owns 11,260,591 shares of the asset manager’s stock worth $955,461,000 after buying an additional 30,970 shares during the period. Bank of America Corp DE increased its position in SEI Investments by 4.4% during the second quarter. Bank of America Corp DE now owns 3,160,636 shares of the asset manager’s stock worth $284,015,000 after buying an additional 133,057 shares during the period. Geode Capital Management LLC increased its position in SEI Investments by 3.9% during the fourth quarter. Geode Capital Management LLC now owns 2,894,317 shares of the asset manager’s stock worth $237,421,000 after buying an additional 109,974 shares during the period. Lord Abbett & CO. LLC increased its position in SEI Investments by 19.2% during the fourth quarter. Lord Abbett & CO. LLC now owns 1,917,370 shares of the asset manager’s stock worth $157,263,000 after buying an additional 308,988 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in SEI Investments by 1.7% during the third quarter. Dimensional Fund Advisors LP now owns 1,863,052 shares of the asset manager’s stock worth $158,084,000 after buying an additional 31,953 shares during the period. Institutional investors and hedge funds own 70.59% of the company’s stock.

SEI Investments Stock Up 0.3%

SEI Investments stock opened at $91.01 on Thursday. The company has a debt-to-equity ratio of 0.07, a current ratio of 4.52 and a quick ratio of 4.40. SEI Investments Company has a 1-year low of $75.08 and a 1-year high of $93.96. The company has a market cap of $10.95 billion, a PE ratio of 15.53 and a beta of 0.97. The stock’s 50 day moving average price is $87.56 and its 200 day moving average price is $84.12.

SEI Investments (NASDAQ:SEIC) last posted its quarterly earnings results 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. SEI Investments had a return on equity of 30.70% and a net margin of 31.17%.The firm had revenue of $622.18 million for the quarter, compared to the consensus estimate of $641.82 million. During the same period in the previous year, the business earned $1.17 earnings per share. The company’s revenue for the quarter was up 12.9% compared to the same quarter last year. On average, sell-side analysts predict that SEI Investments Company will post 5.89 EPS for the current fiscal year.

SEI Investments Dividend Announcement

The firm also recently declared a dividend, which was paid on Tuesday, June 16th. Investors of record on Monday, June 8th were paid a $0.52 dividend. The ex-dividend date was Monday, June 8th. This represents a dividend yield of 118.0%. SEI Investments’s payout ratio is 17.75%.

Wall Street Analysts Forecast Growth

SEIC has been the topic of several research analyst reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of SEI Investments in a research report on Tuesday, April 21st. Morgan Stanley dropped their target price on SEI Investments from $119.00 to $108.00 and set an “overweight” rating on the stock in a report on Thursday, April 2nd. Raymond James Financial reissued an “outperform” rating and issued a $82.00 target price on shares of SEI Investments in a report on Wednesday, April 29th. Keefe, Bruyette & Woods boosted their target price on SEI Investments from $95.00 to $107.00 and gave the company an “outperform” rating in a report on Thursday, April 23rd. Finally, Piper Sandler reissued an “overweight” rating and issued a $105.00 target price (up from $99.00) on shares of SEI Investments in a report on Thursday, April 23rd. Seven equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $103.00.

Insider Transactions at SEI Investments

In other SEI Investments news, insider Philip Mccabe sold 15,000 shares of the business’s stock in a transaction on Thursday, April 23rd. The stock was sold at an average price of $91.82, for a total transaction of $1,377,300.00. Following the sale, the insider directly owned 54,884 shares in the company, valued at approximately $5,039,448.88. The trade was a 21.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Mark Andrew Warner sold 4,000 shares of the business’s stock in a transaction on Tuesday, April 28th. The stock was sold at an average price of $91.16, for a total value of $364,640.00. Following the sale, the insider owned 921 shares in the company, valued at approximately $83,958.36. The trade was a 81.28% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 54,000 shares of company stock valued at $4,905,640 in the last three months. 4.80% of the stock is owned by company insiders.

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.