Insider Selling: SEI Investments (NASDAQ:SEIC) Insider Sells $326,960.00 in Stock

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

SEI Investments Price Performance

Shares of NASDAQ:SEIC traded up $1.27 during mid-day trading on Thursday, reaching $83.07. The stock had a trading volume of 208,859 shares, compared to its average volume of 702,319. The company has a market cap of $10.15 billion, a P/E ratio of 14.75 and a beta of 0.95. The business’s 50 day moving average price is $84.14 and its 200 day moving average price is $84.15. 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.

SEI Investments (NASDAQ:SEIC) last announced its earnings results on Wednesday, January 28th. The asset manager reported $1.30 EPS for the quarter, missing analysts’ consensus estimates of $1.34 by ($0.04). SEI Investments had a return on equity of 30.26% and a net margin of 31.14%.The company had revenue of $607.93 million during the quarter, compared to analysts’ expectations of $596.97 million. During the same quarter last year, the firm posted $1.19 EPS. SEI Investments’s revenue for the quarter was up 9.1% compared to the same quarter last year. Research analysts expect that SEI Investments Company will post 4.86 EPS for the current fiscal year.

SEI Investments Dividend Announcement

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

Analysts Set New Price Targets

A number of analysts have issued reports on SEIC shares. Zacks Research lowered SEI Investments from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 11th. Keefe, Bruyette & Woods boosted their target price on shares of SEI Investments from $97.00 to $102.00 and gave the stock an “outperform” rating in a research report on Thursday, January 8th. Piper Sandler reiterated an “overweight” rating and set a $106.00 target price on shares of SEI Investments in a research report on Friday, February 20th. Morgan Stanley raised their price target on SEI Investments from $115.00 to $117.00 and gave the company an “overweight” rating in a research report on Tuesday, January 6th. Finally, UBS Group initiated coverage on shares of SEI Investments in a research note on Wednesday, February 4th. They issued a “buy” rating and a $115.00 price objective on the stock. Seven research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, SEI Investments presently has a consensus rating of “Moderate Buy” and a consensus target price of $109.67.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Norges Bank acquired a new stake in shares of SEI Investments during the fourth quarter valued at about $53,548,000. Clark Capital Management Group Inc. grew its stake in SEI Investments by 2,333.2% in the fourth quarter. Clark Capital Management Group Inc. now owns 645,859 shares of the asset manager’s stock worth $52,973,000 after purchasing an additional 619,315 shares in the last quarter. PFA Pension Forsikringsaktieselskab bought a new stake in SEI Investments in the fourth quarter valued at about $43,186,000. Jupiter Asset Management Ltd. bought a new stake in SEI Investments in the second quarter valued at about $37,490,000. Finally, Azora Capital LP lifted its holdings in SEI Investments by 109.3% during the 2nd quarter. Azora Capital LP now owns 777,952 shares of the asset manager’s stock worth $69,907,000 after buying an additional 406,287 shares during the last quarter. Institutional investors and hedge funds own 70.59% of the company’s stock.

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.