Mark Andrew Warner Sells 4,000 Shares of SEI Investments (NASDAQ:SEIC) Stock

SEI Investments Company (NASDAQ:SEIC) insider Mark Andrew Warner sold 4,000 shares of the stock in a transaction that occurred on Wednesday, February 25th. The stock was sold at an average price of $81.74, for a total transaction of $326,960.00. Following the completion of the sale, the insider owned 921 shares of the company’s stock, valued at approximately $75,282.54. The trade was a 81.28% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

SEI Investments Trading Down 2.4%

NASDAQ SEIC opened at $81.32 on Friday. The company has a current ratio of 3.29, a quick ratio of 3.20 and a debt-to-equity ratio of 0.04. SEI Investments Company has a 1-year low of $64.66 and a 1-year high of $93.96. The firm’s fifty day simple moving average is $84.10 and its 200-day simple moving average is $84.10. The company has a market capitalization of $9.94 billion, a PE ratio of 14.44 and a beta of 0.95.

SEI Investments (NASDAQ:SEIC) last released its quarterly earnings data on Wednesday, January 28th. The asset manager reported $1.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.34 by ($0.04). SEI Investments had a net margin of 31.14% and a return on equity of 30.26%. The firm had revenue of $607.93 million for the quarter, compared to analyst estimates of $596.97 million. During the same period in the previous year, the business posted $1.19 EPS. SEI Investments’s revenue for the quarter was up 9.1% on a year-over-year basis. As a group, sell-side analysts anticipate that SEI Investments Company will post 4.86 earnings per share for the current fiscal year.

SEI Investments Dividend Announcement

The company also recently disclosed a dividend, which was paid on Monday, January 12th. Investors of record on Monday, December 29th were issued a $0.52 dividend. The ex-dividend date was Monday, December 29th. This represents a yield of 124.0%. SEI Investments’s dividend payout ratio is currently 18.47%.

Institutional Investors Weigh In On SEI Investments

Hedge funds have recently bought and sold shares of the company. Root Financial Partners LLC bought a new position in shares of SEI Investments in the third quarter worth about $28,000. SJS Investment Consulting Inc. boosted its stake in SEI Investments by 142.9% during the 3rd quarter. SJS Investment Consulting Inc. now owns 357 shares of the asset manager’s stock valued at $30,000 after purchasing an additional 210 shares during the period. CoreFirst Bank & Trust acquired a new stake in SEI Investments in the 2nd quarter valued at approximately $34,000. Community Bank N.A. bought a new position in SEI Investments in the 3rd quarter worth approximately $35,000. Finally, Allworth Financial LP increased its position in SEI Investments by 44.0% in the 3rd quarter. Allworth Financial LP now owns 432 shares of the asset manager’s stock worth $37,000 after buying an additional 132 shares during the period. 70.59% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have commented on SEIC. Weiss Ratings reissued a “buy (b)” rating on shares of SEI Investments in a research report on Thursday, January 22nd. Raymond James Financial reiterated an “outperform” rating and issued a $117.00 price objective on shares of SEI Investments in a report on Monday, January 5th. UBS Group began coverage on shares of SEI Investments in a research report on Wednesday, February 4th. They set a “buy” rating and a $115.00 target price on the stock. Keefe, Bruyette & Woods boosted their price target on SEI Investments from $97.00 to $102.00 and gave the stock an “outperform” rating in a research report on Thursday, January 8th. Finally, Zacks Research lowered SEI Investments from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 11th. Seven equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $109.67.

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.