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

SEI Investments Company (NASDAQ:SEIC) insider Mark Andrew Warner sold 15,000 shares of the company’s stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $102.35, for a total value of $1,535,250.00. Following the completion of the sale, the insider directly owned 921 shares of the company’s stock, valued at approximately $94,264.35. This trade represents a 94.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

SEI Investments Stock Performance

Shares of SEIC opened at $103.04 on Friday. The company has a current ratio of 5.06, a quick ratio of 4.96 and a debt-to-equity ratio of 0.06. The firm has a market cap of $12.37 billion, a PE ratio of 18.17 and a beta of 0.97. The company’s 50 day simple moving average is $92.65 and its 200-day simple moving average is $86.56. SEI Investments Company has a 12-month low of $75.08 and a 12-month high of $104.47.

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

SEI Investments Announces Dividend

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

Institutional Trading of SEI Investments

Institutional investors have recently modified their holdings of the business. Bison Wealth LLC acquired a new stake in SEI Investments in the fourth quarter valued at $207,000. Baird Financial Group Inc. acquired a new position in shares of SEI Investments during the 1st quarter worth $201,000. Geneos Wealth Management Inc. grew its stake 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 during the period. M&T Bank Corp increased its holdings in shares of SEI Investments by 11.9% in the 2nd quarter. M&T Bank Corp now owns 3,217 shares of the asset manager’s stock valued at $289,000 after purchasing an additional 341 shares in the last quarter. Finally, CW Advisors LLC purchased a new position in shares of SEI Investments in the 2nd quarter valued at about $280,000. 70.59% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Raymond James Financial boosted their price target on SEI Investments from $122.00 to $124.00 and gave the company an “outperform” rating in a research report on Monday, July 6th. Zacks Research upgraded SEI Investments from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 23rd. Keefe, Bruyette & Woods boosted their target price on SEI Investments from $113.00 to $119.00 and gave the company an “outperform” rating in a report on Thursday, July 23rd. Piper Sandler increased their price target on SEI Investments from $114.00 to $120.00 and gave the stock an “overweight” rating in a report on Thursday, July 23rd. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of SEI Investments in a research report on Friday, July 17th. One research analyst has rated the stock with a Strong Buy rating and six have issued a Buy rating to the company’s stock. According to data from MarketBeat.com, SEI Investments has an average rating of “Buy” and a consensus target price of $122.60.

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.