SEI Investments Company $SEIC Shares Sold by Natixis Advisors LLC

Natixis Advisors LLC lessened its stake in SEI Investments Company (NASDAQ:SEIC) by 3.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 511,066 shares of the asset manager’s stock after selling 18,568 shares during the period. Natixis Advisors LLC’s holdings in SEI Investments were worth $43,364,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in SEIC. Root Financial Partners LLC bought a new position in SEI Investments during the 3rd quarter valued at $28,000. SJS Investment Consulting Inc. increased its position in shares of SEI Investments by 142.9% in the 3rd quarter. SJS Investment Consulting Inc. now owns 357 shares of the asset manager’s stock worth $30,000 after purchasing an additional 210 shares during the last quarter. CoreFirst Bank & Trust bought a new stake in shares of SEI Investments in the 2nd quarter worth about $34,000. Addison Advisors LLC raised its stake in shares of SEI Investments by 117.6% in the 2nd quarter. Addison Advisors LLC now owns 457 shares of the asset manager’s stock valued at $41,000 after purchasing an additional 247 shares in the last quarter. Finally, Geneos Wealth Management Inc. raised its stake in shares of SEI Investments by 60.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 532 shares of the asset manager’s stock valued at $41,000 after purchasing an additional 200 shares in the last quarter. 70.59% of the stock is owned by institutional investors and hedge funds.

SEI Investments Stock Down 0.3%

SEIC stock opened at $81.16 on Tuesday. The firm’s 50-day moving average is $83.68 and its two-hundred day moving average is $83.76. The company has a market capitalization of $9.92 billion, a price-to-earnings ratio of 14.42 and a beta of 0.96. SEI Investments Company has a 52 week low of $64.66 and a 52 week high of $93.96. 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 (NASDAQ:SEIC) last posted its quarterly earnings data on Wednesday, January 28th. The asset manager reported $1.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.34 by ($0.04). SEI Investments had a net margin of 31.14% and a return on equity of 30.26%. The company had revenue of $607.93 million during the quarter, compared to the consensus estimate of $596.97 million. During the same quarter last year, the business earned $1.19 earnings per share. The company’s revenue was up 9.1% on a year-over-year basis. On average, analysts forecast that SEI Investments Company will post 4.86 earnings per share for the current fiscal year.

SEI Investments Announces Dividend

The company also recently declared a dividend, which was paid on Monday, January 12th. Shareholders of record on Monday, December 29th were paid a dividend of $0.52 per share. This represents a yield of 124.0%. The ex-dividend date of this dividend was Monday, December 29th. SEI Investments’s dividend payout ratio (DPR) is presently 18.47%.

Insider Buying and Selling at SEI Investments

In other news, CEO Ryan Hicke sold 80,000 shares of SEI Investments stock in a transaction on Thursday, January 29th. The stock was sold at an average price of $87.36, for a total transaction of $6,988,800.00. Following the transaction, the chief executive officer directly owned 197,164 shares in the company, valued at approximately $17,224,247.04. This trade represents a 28.86% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Mark Andrew Warner sold 4,000 shares of the business’s stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $81.74, for a total value of $326,960.00. Following the completion of the sale, the insider directly owned 921 shares in the company, valued at $75,282.54. This represents a 81.28% decrease in their position. The disclosure for this sale is available in the SEC filing. 14.30% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

SEIC has been the subject of a number of research reports. Raymond James Financial reiterated an “outperform” rating and issued a $117.00 price target on shares of SEI Investments in a research note on Monday, January 5th. Piper Sandler restated an “overweight” rating and set a $106.00 price objective on shares of SEI Investments in a research note on Friday, February 20th. Morgan Stanley increased their target price on SEI Investments from $115.00 to $117.00 and gave the stock an “overweight” rating in a report on Tuesday, January 6th. Weiss Ratings reiterated a “buy (b)” rating on shares of SEI Investments in a research report on Thursday, January 22nd. Finally, UBS Group initiated coverage on SEI Investments in a report on Wednesday, February 4th. They issued a “buy” rating and a $115.00 price target for the company. Seven investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $109.67.

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.