Mark Andrew Warner Sells 15,000 Shares of SEI Investments (NASDAQ:SEIC) Stock

SEI Investments Company (NASDAQ:SEIC) insider Mark Andrew Warner sold 15,000 shares of the business’s stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $102.35, for a total transaction of $1,535,250.00. Following the completion of the sale, the insider directly owned 921 shares in the company, valued at approximately $94,264.35. This represents a 94.22% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

SEI Investments Stock Down 0.1%

Shares of SEIC opened at $102.98 on Friday. The company has a market capitalization of $12.36 billion, a PE ratio of 18.16 and a beta of 0.97. SEI Investments Company has a 12 month low of $75.08 and a 12 month high of $104.47. The stock’s 50-day moving average price is $92.90 and its two-hundred day moving average price is $86.68. The company has a current ratio of 5.06, a quick ratio of 4.96 and a debt-to-equity ratio of 0.06.

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

SEI Investments Dividend Announcement

The company also recently announced a dividend, which was paid on Tuesday, June 16th. Investors of record on Monday, June 8th were paid a dividend of $0.52 per share. This represents a yield of 118.0%. The ex-dividend date of this dividend was Monday, June 8th. SEI Investments’s dividend payout ratio (DPR) is currently 18.34%.

Analyst Upgrades and Downgrades

A number of analysts have commented on SEIC shares. Raymond James Financial upped their price target on shares of SEI Investments from $122.00 to $124.00 and gave the company an “outperform” rating in a research report on Monday, July 6th. Keefe, Bruyette & Woods lifted their price objective on SEI Investments from $113.00 to $119.00 and gave the stock an “outperform” rating in a research report on Thursday, July 23rd. Zacks Research raised SEI Investments from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 23rd. Morgan Stanley upped their target price on SEI Investments from $115.00 to $125.00 and gave the company an “overweight” rating in a research report on Thursday, July 23rd. Finally, Piper Sandler raised their target price on SEI Investments from $114.00 to $120.00 and gave the stock an “overweight” rating in a research note on Thursday, July 23rd. One research analyst has rated the stock with a Strong Buy rating and six have given a Buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $122.60.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of SEIC. Elevation Wealth Partners LLC grew 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 purchasing an additional 152 shares during the period. Allworth Financial LP increased its stake in SEI Investments by 44.0% in the third quarter. Allworth Financial LP now owns 432 shares of the asset manager’s stock valued at $37,000 after purchasing an additional 132 shares in the last quarter. CIBC Private Wealth Group LLC raised its holdings in shares of SEI Investments by 353.1% during the third quarter. CIBC Private Wealth Group LLC now owns 435 shares of the asset manager’s stock valued at $37,000 after purchasing an additional 339 shares during the period. Root Financial Partners LLC raised its holdings in shares of SEI Investments by 40.8% during the first 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 period. Finally, Geneos Wealth Management Inc. boosted its position in shares of SEI Investments by 60.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 532 shares of the asset manager’s stock worth $41,000 after purchasing an additional 200 shares in the last quarter. Institutional investors and hedge funds 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.