SEI Investments (NASDAQ:SEIC) Shares Cross Above 200 Day Moving Average – What’s Next?

SEI Investments Company (NASDAQ:SEIC) shares passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $88.04 and traded as high as $106.91. SEI Investments shares last traded at $106.38, with a volume of 362,155 shares.

Analyst Ratings Changes

Several analysts have weighed in on SEIC shares. Keefe, Bruyette & Woods lifted their price objective on SEI Investments from $113.00 to $119.00 and gave the company an “outperform” rating in a research report on Thursday, July 23rd. Piper Sandler increased their target price on SEI Investments from $114.00 to $120.00 and gave the stock an “overweight” rating in a research report on Thursday, July 23rd. Wall Street Zen upgraded SEI Investments from a “hold” rating to a “buy” rating in a research note on Saturday, July 25th. UBS Group restated a “buy” rating and set a $125.00 price target on shares of SEI Investments in a research report on Thursday, July 23rd. Finally, Raymond James Financial upped their price target on SEI Investments from $122.00 to $124.00 and gave the stock an “outperform” rating in a research note on Monday, July 6th. One research analyst has rated the stock with a Strong Buy rating and six have assigned a Buy rating to the company. According to MarketBeat, the stock has an average rating of “Buy” and an average price target of $122.60.

SEI Investments Stock Performance

The company has a market capitalization of $12.77 billion, a PE ratio of 18.76 and a beta of 0.96. The business’s 50-day moving average is $96.15 and its 200-day moving average is $88.04. The company has a debt-to-equity ratio of 0.06, a quick ratio of 4.96 and a current ratio of 5.06.

SEI Investments (NASDAQ:SEIC) last posted its quarterly earnings data on Wednesday, July 22nd. The asset manager reported $1.66 EPS for the quarter, topping the consensus estimate of $1.44 by $0.22. The business had revenue of $641.62 million for the quarter, compared to analyst estimates of $636.35 million. SEI Investments had a net margin of 28.85% and a return on equity of 29.16%. SEI Investments’s quarterly revenue was up 14.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.78 earnings per share. On average, research analysts anticipate that SEI Investments Company will post 6.2 earnings per share for the current year.

SEI Investments Dividend Announcement

The business also recently declared a dividend, which was paid on Tuesday, June 16th. Stockholders of record on Monday, June 8th were given a $0.52 dividend. This represents a dividend yield of 118.0%. The ex-dividend date of this dividend was Monday, June 8th. SEI Investments’s payout ratio is currently 18.34%.

Insider Transactions at SEI Investments

In other SEI Investments news, Director Carl Guarino sold 10,000 shares of SEI Investments stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $103.19, for a total transaction of $1,031,900.00. Following the completion of the transaction, the director owned 18,308 shares in the company, valued at approximately $1,889,202.52. The trade was a 35.33% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Kathryn Mccarthy sold 10,000 shares of SEI Investments stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $103.53, for a total value of $1,035,300.00. Following the transaction, the director owned 77,883 shares of the company’s stock, valued at $8,063,226.99. The trade was a 11.38% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 142,332 shares of company stock worth $13,745,813. Company insiders own 4.80% of the company’s stock.

Hedge Funds Weigh In On SEI Investments

Institutional investors and hedge funds have recently modified their holdings of the stock. Commerce Bank raised its position in shares of SEI Investments by 1.3% in the 4th quarter. Commerce Bank now owns 10,060 shares of the asset manager’s stock worth $825,000 after purchasing an additional 133 shares during the last quarter. Root Financial Partners LLC grew its position in SEI Investments by 40.8% during the 1st quarter. Root Financial Partners LLC now owns 487 shares of the asset manager’s stock valued at $38,000 after purchasing an additional 141 shares during the last quarter. Focus Partners Advisor Solutions LLC increased its stake in SEI Investments by 1.2% during the 4th quarter. Focus Partners Advisor Solutions LLC now owns 11,957 shares of the asset manager’s stock valued at $981,000 after purchasing an additional 141 shares in the last quarter. Glenmede Trust Co. NA increased its stake in SEI Investments by 1.2% during the 1st quarter. Glenmede Trust Co. NA now owns 12,296 shares of the asset manager’s stock valued at $965,000 after purchasing an additional 149 shares in the last quarter. Finally, Elevation Wealth Partners LLC raised its holdings in SEI Investments by 96.8% in the second quarter. Elevation Wealth Partners LLC now owns 309 shares of the asset manager’s stock worth $27,000 after buying an additional 152 shares during the last quarter. 70.59% of the stock is currently owned by institutional investors.

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.