6,539 Shares in SEI Investments Company $SEIC Purchased by OP Asset Management Ltd

OP Asset Management Ltd acquired a new position in shares of SEI Investments Company (NASDAQ:SEIC) during the first quarter, Holdings Channel.com reports. The institutional investor acquired 6,539 shares of the asset manager’s stock, valued at approximately $513,000.

Other hedge funds have also recently bought and sold shares of the company. Community Bank N.A. acquired a new position in shares of SEI Investments in the 3rd quarter valued at approximately $35,000. Allworth Financial LP lifted its holdings in shares of SEI Investments by 44.0% during the 3rd quarter. Allworth Financial LP now owns 432 shares of the asset manager’s stock worth $37,000 after acquiring an additional 132 shares during the period. CIBC Private Wealth Group LLC boosted its position in shares of SEI Investments by 353.1% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 435 shares of the asset manager’s stock worth $37,000 after acquiring an additional 339 shares in the last quarter. 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 acquiring an additional 200 shares in the last quarter. Finally, Rothschild Investment LLC increased its stake in SEI Investments by 266.9% in the fourth quarter. Rothschild Investment LLC now owns 565 shares of the asset manager’s stock valued at $46,000 after acquiring an additional 411 shares during the last quarter. 70.59% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Raymond James Financial restated an “outperform” rating and set a $82.00 price objective on shares of SEI Investments in a research report on Wednesday, April 29th. Piper Sandler reaffirmed 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. Morgan Stanley decreased their price target on SEI Investments from $119.00 to $108.00 and set an “overweight” rating on the stock in a research note on Thursday, April 2nd. Keefe, Bruyette & Woods boosted their price target on SEI Investments from $95.00 to $107.00 and gave the stock an “outperform” rating in a report on Thursday, April 23rd. Finally, Weiss Ratings restated a “buy (b)” rating on shares of SEI Investments in a research report on Tuesday, April 21st. Seven equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, SEI Investments currently has a consensus rating of “Moderate Buy” and an average price target of $103.00.

SEI Investments Price Performance

SEIC stock opened at $87.71 on Wednesday. The company has a 50 day simple moving average of $89.43 and a 200 day simple moving average of $84.60. The stock has a market cap of $10.55 billion, a price-to-earnings ratio of 14.97 and a beta of 0.97. SEI Investments Company has a 1 year low of $75.08 and a 1 year high of $93.96. 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 (NASDAQ:SEIC) last issued its quarterly earnings data on Wednesday, April 22nd. The asset manager reported $1.44 EPS for the quarter, beating the consensus estimate of $1.29 by $0.15. SEI Investments had a net margin of 31.17% and a return on equity of 30.70%. The business had revenue of $622.18 million during the quarter, compared to the consensus estimate of $641.82 million. During the same quarter in the prior year, the firm earned $1.17 EPS. The firm’s revenue was up 12.9% compared to the same quarter last year. Research analysts anticipate that SEI Investments Company will post 5.89 EPS for the current fiscal 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 issued a dividend of $0.52 per share. The ex-dividend date was Monday, June 8th. This represents a dividend yield of 118.0%. SEI Investments’s dividend payout ratio is 17.75%.

Insider Buying and Selling

In related news, insider Sanjay Sharma sold 25,000 shares of the business’s stock in a transaction on Thursday, April 23rd. The stock was sold at an average price of $90.12, for a total transaction of $2,253,000.00. Following the sale, the insider owned 39,829 shares in the company, valued at $3,589,389.48. The trade was a 38.56% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Chairman Alfred P. West, Jr. sold 50,000 shares of the company’s stock in a transaction dated Friday, June 26th. The stock was sold at an average price of $87.25, for a total value of $4,362,500.00. Following the completion of the transaction, the chairman directly owned 6,825,783 shares of the company’s stock, valued at approximately $595,549,566.75. The trade was a 0.73% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 111,332 shares of company stock worth $9,908,883 in the last ninety days. Insiders own 4.80% of the company’s stock.

About SEI Investments

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.