Quantinno Capital Management LP Has $30 Million Stock Position in SEI Investments Company $SEIC

Quantinno Capital Management LP lifted its stake in shares of SEI Investments Company (NASDAQ:SEIC) by 265.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 382,361 shares of the asset manager’s stock after purchasing an additional 277,771 shares during the quarter. Quantinno Capital Management LP’s holdings in SEI Investments were worth $30,004,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in SEIC. Bison Wealth LLC bought a new position in SEI Investments in the fourth quarter worth approximately $207,000. Baird Financial Group Inc. bought a new stake in shares of SEI Investments during the first quarter valued at approximately $201,000. Geneos Wealth Management Inc. increased its holdings in shares of SEI Investments by 60.2% during the first quarter. Geneos Wealth Management Inc. now owns 532 shares of the asset manager’s stock valued at $41,000 after acquiring an additional 200 shares in the last quarter. M&T Bank Corp raised its position in shares of SEI Investments by 11.9% during the second quarter. M&T Bank Corp now owns 3,217 shares of the asset manager’s stock worth $289,000 after purchasing an additional 341 shares during the period. Finally, CW Advisors LLC acquired a new position in shares of SEI Investments during the second quarter worth approximately $280,000. 70.59% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Sanjay Sharma sold 20,000 shares of the firm’s stock in a transaction dated Friday, July 24th. The shares were sold at an average price of $99.33, for a total transaction of $1,986,600.00. Following the transaction, the insider directly owned 39,829 shares of the company’s stock, valued at $3,956,214.57. This trade represents a 33.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Mark Andrew Warner sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $102.35, for a total transaction of $1,535,250.00. Following the transaction, the insider directly owned 921 shares in the company, valued at $94,264.35. The trade was a 94.22% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 112,332 shares of company stock valued at $10,467,693 over the last 90 days. 4.80% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Zacks Research raised shares of SEI Investments from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 23rd. Raymond James Financial upped their price objective on shares of SEI Investments from $122.00 to $124.00 and gave the stock an “outperform” rating in a report on Monday, July 6th. Piper Sandler raised their price objective on shares of SEI Investments from $114.00 to $120.00 and gave the company an “overweight” rating in a research note on Thursday, July 23rd. Keefe, Bruyette & Woods boosted their target price on shares of SEI Investments from $113.00 to $119.00 and gave the stock an “outperform” rating in a research report on Thursday, July 23rd. Finally, UBS Group reissued a “buy” rating and set a $125.00 target price on shares of SEI Investments in a research report on Thursday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating and six have issued a Buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Buy” and an average target price of $122.60.

SEI Investments Stock Down 0.1%

Shares of NASDAQ:SEIC opened at $102.98 on Friday. The stock has a market cap of $12.36 billion, a price-to-earnings ratio of 18.16 and a beta of 0.97. The company has a quick ratio of 4.96, a current ratio of 5.06 and a debt-to-equity ratio of 0.06. SEI Investments Company has a 12-month low of $75.08 and a 12-month high of $104.47. The business’s 50 day moving average is $92.90 and its 200 day moving average is $86.68.

SEI Investments (NASDAQ:SEIC) last announced its quarterly earnings results on Wednesday, July 22nd. The asset manager reported $1.66 earnings per share (EPS) for the quarter, topping 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 business had revenue of $641.62 million during the quarter, compared to the consensus estimate of $636.35 million. During the same quarter in the prior year, the company posted $1.78 earnings per share. SEI Investments’s revenue was up 14.7% compared to the same quarter last year. On average, sell-side analysts forecast that SEI Investments Company will post 6.2 earnings per share for the current fiscal year.

SEI Investments Dividend Announcement

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

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.