SEI Investments Company (NASDAQ:SEIC) Given Consensus Recommendation of “Moderate Buy” by Analysts

SEI Investments Company (NASDAQ:SEIC) has been given a consensus recommendation of “Moderate Buy” by the seven research firms that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $111.80.

Several equities analysts have recently commented on SEIC shares. Keefe, Bruyette & Woods upped their price objective on shares of SEI Investments from $95.00 to $107.00 and gave the company an “outperform” rating in a research note on Thursday, April 23rd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of SEI Investments in a research report on Tuesday, April 21st. Morgan Stanley cut their price objective on SEI Investments from $119.00 to $108.00 and set an “overweight” rating on the stock in a research report on Thursday, April 2nd. Raymond James Financial boosted their target price on SEI Investments from $122.00 to $124.00 and gave the company an “outperform” rating in a research note on Monday. Finally, Piper Sandler restated an “overweight” rating and set a $105.00 target price (up from $99.00) on shares of SEI Investments in a report on Thursday, April 23rd.

SEI Investments Stock Up 1.0%

Shares of NASDAQ SEIC opened at $95.94 on Wednesday. The firm’s fifty day moving average is $90.12 and its 200 day moving average is $84.94. SEI Investments has a 52 week low of $75.08 and a 52 week high of $96.19. The company has a quick ratio of 4.40, a current ratio of 4.52 and a debt-to-equity ratio of 0.07. The company has a market cap of $11.54 billion, a price-to-earnings ratio of 16.37 and a beta of 0.97.

SEI Investments (NASDAQ:SEIC) last announced its quarterly earnings results 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. The business had revenue of $622.18 million during the quarter, compared to analysts’ expectations of $641.82 million. SEI Investments had a net margin of 31.17% and a return on equity of 30.70%. The firm’s revenue for the quarter was up 12.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.17 EPS. On average, equities research analysts expect that SEI Investments will post 5.89 earnings per share for the current year.

SEI Investments Announces Dividend

The business also recently announced 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 dividend payout ratio (DPR) is currently 17.75%.

Insiders Place Their Bets

In other SEI Investments news, insider Sanjay Sharma sold 25,000 shares of SEI Investments stock in a transaction that occurred 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 directly owned 39,829 shares of the company’s stock, valued at approximately $3,589,389.48. The trade was a 38.56% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Philip Mccabe sold 15,000 shares of the company’s stock in a transaction on Thursday, April 23rd. The stock was 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 directly owned 54,884 shares in the company, valued at approximately $5,039,448.88. The trade was a 21.46% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 111,332 shares of company stock valued at $9,908,883 over the last ninety days. 4.80% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in SEIC. Harbor Investment Advisory LLC boosted its stake in SEI Investments by 87.2% during the 2nd quarter. Harbor Investment Advisory LLC now owns 747 shares of the asset manager’s stock valued at $66,000 after purchasing an additional 348 shares during the last quarter. Versant Capital Management Inc lifted its position in SEI Investments by 12.6% during the second quarter. Versant Capital Management Inc now owns 2,139 shares of the asset manager’s stock valued at $188,000 after purchasing an additional 239 shares during the period. CX Institutional lifted its position in SEI Investments by 44.6% during the second quarter. CX Institutional now owns 532 shares of the asset manager’s stock valued at $47,000 after purchasing an additional 164 shares during the period. NewEdge Advisors LLC boosted its holdings in SEI Investments by 7.6% in the first quarter. NewEdge Advisors LLC now owns 4,894 shares of the asset manager’s stock worth $384,000 after purchasing an additional 346 shares during the last quarter. Finally, Henshaw Capital LLC grew its position in SEI Investments by 0.6% in the 1st quarter. Henshaw Capital LLC now owns 43,101 shares of the asset manager’s stock worth $3,382,000 after purchasing an additional 258 shares during the period. Institutional investors own 70.59% 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.