Vise Technologies Inc. Takes Position in SEI Investments Company $SEIC

Vise Technologies Inc. acquired a new position in shares of SEI Investments Company (NASDAQ:SEIC) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 5,824 shares of the asset manager’s stock, valued at approximately $511,000.

A number of other large investors have also recently made changes to their positions in SEIC. Oxbow Advisors LLC acquired a new stake in shares of SEI Investments in the 1st quarter valued at $3,283,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new position in shares of SEI Investments during the fourth quarter worth $3,217,000. Lazard Asset Management LLC grew its stake in shares of SEI Investments by 85.2% during the first quarter. Lazard Asset Management LLC now owns 38,037 shares of the asset manager’s stock worth $2,985,000 after purchasing an additional 17,504 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new position in SEI Investments in the first quarter valued at $3,625,000. Finally, King Luther Capital Management Corp increased its holdings in SEI Investments by 10.2% in the fourth quarter. King Luther Capital Management Corp now owns 137,439 shares of the asset manager’s stock valued at $11,273,000 after buying an additional 12,713 shares during the last quarter. 70.59% of the stock is currently owned by hedge funds and other institutional investors.

SEI Investments Trading Up 1.1%

NASDAQ:SEIC opened at $110.75 on Tuesday. The company has a market capitalization of $13.29 billion, a PE ratio of 19.53 and a beta of 0.96. SEI Investments Company has a 52-week low of $75.08 and a 52-week high of $111.90. The stock’s 50 day moving average price is $98.41 and its 200 day moving average price is $88.96. 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 (NASDAQ:SEIC) last issued its quarterly earnings data on Wednesday, July 22nd. The asset manager reported $1.66 earnings per share for the quarter, beating analysts’ consensus estimates of $1.44 by $0.22. The company had revenue of $641.62 million during the quarter, compared to analysts’ expectations of $636.35 million. SEI Investments had a return on equity of 29.16% and a net margin of 28.85%.The firm’s revenue for the quarter was up 14.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.78 earnings per share. On average, research analysts anticipate that SEI Investments Company will post 6.2 EPS for the current year.

SEI Investments Announces Dividend

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

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on SEIC. Morgan Stanley upped their price objective on SEI Investments from $115.00 to $125.00 and gave the stock an “overweight” rating in a research report on Thursday, July 23rd. Raymond James Financial boosted their target price on SEI Investments from $122.00 to $124.00 and gave the stock an “outperform” rating in a research note on Monday, July 6th. Keefe, Bruyette & Woods upped their price target on SEI Investments from $113.00 to $119.00 and gave the company an “outperform” rating in a report on Thursday, July 23rd. Weiss Ratings reissued a “buy (b)” rating on shares of SEI Investments in a report on Friday, July 17th. Finally, Zacks Research upgraded shares of SEI Investments from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 23rd. One analyst has rated the stock with a Strong Buy rating and six have given a Buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $122.60.

Insider Transactions at SEI Investments

In related news, Director Carl Guarino sold 10,000 shares of the stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $103.19, for a total transaction of $1,031,900.00. Following the completion of the sale, the director owned 18,308 shares in the company, valued at $1,889,202.52. This represents a 35.33% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Mark Andrew Warner sold 15,000 shares of the firm’s stock in a transaction on Tuesday, July 28th. The stock was 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 SEC filing for this sale provides additional information. Insiders have sold 142,332 shares of company stock worth $13,745,813 over the last 90 days. Company insiders own 4.80% of the company’s stock.

SEI Investments 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.