SEI Investments Company $SEIC Stake Trimmed by Hahn Capital Management LLC

Hahn Capital Management LLC lowered its position in SEI Investments Company (NASDAQ:SEIC) by 6.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 101,877 shares of the asset manager’s stock after selling 6,490 shares during the period. SEI Investments makes up approximately 4.5% of Hahn Capital Management LLC’s investment portfolio, making the stock its 9th biggest holding. Hahn Capital Management LLC owned approximately 0.08% of SEI Investments worth $8,356,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of SEIC. DGS Capital Management LLC raised its holdings in shares of SEI Investments by 18.6% in the fourth quarter. DGS Capital Management LLC now owns 32,625 shares of the asset manager’s stock worth $2,676,000 after buying an additional 5,124 shares during the period. Compound Planning Inc. grew its position in SEI Investments by 7.7% in the 4th quarter. Compound Planning Inc. now owns 2,569 shares of the asset manager’s stock valued at $211,000 after acquiring an additional 184 shares during the last quarter. Mercer Global Advisors Inc. ADV grew its position in SEI Investments by 28.7% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 22,826 shares of the asset manager’s stock valued at $1,872,000 after acquiring an additional 5,094 shares during the last quarter. Caitlin John LLC increased its stake in SEI Investments by 5,301.8% in the fourth quarter. Caitlin John LLC now owns 5,942 shares of the asset manager’s stock worth $487,000 after purchasing an additional 5,832 shares during the period. Finally, Front Street Capital Management Inc. bought a new stake in shares of SEI Investments during the fourth quarter worth $93,000. Hedge funds and other institutional investors own 70.59% of the company’s stock.

Insider Buying and Selling at SEI Investments

In other news, insider Philip Mccabe sold 15,000 shares of the business’s stock in a transaction dated Thursday, April 23rd. The shares were sold at an average price of $91.82, for a total value of $1,377,300.00. Following the completion of the sale, the insider owned 54,884 shares in the company, valued at approximately $5,039,448.88. The trade was a 21.46% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Mark Andrew Warner sold 4,000 shares of the stock in a transaction that occurred on Tuesday, April 28th. The shares were sold at an average price of $91.16, for a total transaction of $364,640.00. Following the transaction, the insider owned 921 shares in the company, valued at approximately $83,958.36. This represents a 81.28% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 54,000 shares of company stock worth $4,905,640. Company insiders own 4.80% of the company’s stock.

Wall Street Analysts Forecast Growth

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

SEI Investments Price Performance

SEIC opened at $89.44 on Friday. SEI Investments Company has a 12-month low of $75.08 and a 12-month high of $93.96. The company has a current ratio of 4.52, a quick ratio of 4.40 and a debt-to-equity ratio of 0.07. The business’s fifty day simple moving average is $87.84 and its 200-day simple moving average is $84.18. The company has a market capitalization of $10.76 billion, a price-to-earnings ratio of 15.26 and a beta of 0.97.

SEI Investments (NASDAQ:SEIC) last released its quarterly earnings data on Wednesday, April 22nd. The asset manager reported $1.44 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $641.82 million. During the same period in the previous year, the company posted $1.17 earnings per share. The firm’s quarterly revenue was up 12.9% on a year-over-year basis. On average, equities research analysts anticipate that SEI Investments Company will post 5.89 earnings per share for the current fiscal year.

SEI Investments Dividend Announcement

The firm also recently announced a dividend, which was paid on Tuesday, June 16th. Shareholders of record on Monday, June 8th were given a dividend of $0.52 per share. The ex-dividend date of this dividend was Monday, June 8th. This represents a yield of 118.0%. SEI Investments’s dividend payout ratio (DPR) is 17.75%.

SEI Investments 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.