SEI Investments (NASDAQ:SEIC) Chairman Sells $590,249.22 in Stock

SEI Investments Company (NASDAQ:SEIC) Chairman Alfred West, Jr. sold 7,447 shares of SEI Investments stock in a transaction dated Wednesday, March 11th. The shares were sold at an average price of $79.26, for a total value of $590,249.22. Following the completion of the sale, the chairman directly owned 6,875,783 shares in the company, valued at approximately $544,974,560.58. This represents a 0.11% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

SEI Investments Stock Down 0.3%

Shares of NASDAQ:SEIC traded down $0.25 during trading on Thursday, hitting $79.39. 112,207 shares of the company were exchanged, compared to its average volume of 751,251. SEI Investments Company has a fifty-two week low of $64.66 and a fifty-two week high of $93.96. The company has a current ratio of 3.29, a quick ratio of 3.20 and a debt-to-equity ratio of 0.04. The firm has a fifty day moving average price of $83.57 and a two-hundred day moving average price of $83.67. The stock has a market cap of $9.71 billion, a price-to-earnings ratio of 14.09 and a beta of 0.96.

SEI Investments (NASDAQ:SEIC) last issued its earnings results on Wednesday, January 28th. The asset manager reported $1.30 earnings per share for the quarter, missing analysts’ consensus estimates of $1.34 by ($0.04). The firm had revenue of $607.93 million for the quarter, compared to analyst estimates of $596.97 million. SEI Investments had a return on equity of 30.26% and a net margin of 31.14%.SEI Investments’s quarterly revenue was up 9.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.19 earnings per share. As a group, research analysts anticipate that SEI Investments Company will post 4.86 earnings per share for the current fiscal year.

SEI Investments Dividend Announcement

The company also recently announced a dividend, which was paid on Monday, January 12th. Stockholders of record on Monday, December 29th were issued 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 is presently 18.47%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on SEIC. Keefe, Bruyette & Woods lifted their price target on SEI Investments from $97.00 to $102.00 and gave the stock an “outperform” rating in a report on Thursday, January 8th. Raymond James Financial reissued an “outperform” rating and set a $117.00 target price on shares of SEI Investments in a report on Monday, January 5th. UBS Group initiated coverage on SEI Investments in a report on Wednesday, February 4th. They set a “buy” rating and a $115.00 price target for the company. Weiss Ratings reissued a “buy (b)” rating on shares of SEI Investments in a research report on Thursday, January 22nd. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $106.00 target price on shares of SEI Investments in a report on Friday, February 20th. Seven research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $109.67.

Institutional Trading of SEI Investments

A number of institutional investors have recently bought and sold shares of SEIC. Ashton Thomas Private Wealth LLC grew its position in SEI Investments by 349.2% during the third quarter. Ashton Thomas Private Wealth LLC now owns 63,902 shares of the asset manager’s stock worth $5,422,000 after buying an additional 49,676 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S grew its holdings in shares of SEI Investments by 3,554.3% during the 3rd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 27,042 shares of the asset manager’s stock worth $2,295,000 after purchasing an additional 26,302 shares in the last quarter. Allianz Asset Management GmbH increased its position in shares of SEI Investments by 21.1% in the third quarter. Allianz Asset Management GmbH now owns 174,266 shares of the asset manager’s stock worth $14,786,000 after purchasing an additional 30,411 shares during the period. Vanguard Group Inc. raised its stake in SEI Investments by 0.3% in the third quarter. Vanguard Group Inc. now owns 11,260,591 shares of the asset manager’s stock valued at $955,461,000 after purchasing an additional 30,970 shares in the last quarter. Finally, M&G PLC bought a new stake in SEI Investments during the third quarter worth about $10,413,000. Institutional investors own 70.59% of the company’s stock.

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.