King Luther Capital Management Corp Raises Position in SEI Investments Company $SEIC

King Luther Capital Management Corp grew its position in SEI Investments Company (NASDAQ:SEICFree Report) by 10.2% in the 4th quarter, Holdings Channel reports. The institutional investor owned 137,439 shares of the asset manager’s stock after purchasing an additional 12,713 shares during the quarter. King Luther Capital Management Corp’s holdings in SEI Investments were worth $11,273,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of SEIC. Bison Wealth LLC purchased a new position in SEI Investments in the fourth quarter worth about $207,000. Baird Financial Group Inc. purchased a new position in shares of SEI Investments in the first quarter worth $201,000. Geneos Wealth Management Inc. lifted 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 purchasing an additional 200 shares in the last quarter. M&T Bank Corp lifted its holdings 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 valued at $289,000 after purchasing an additional 341 shares in the last quarter. Finally, CW Advisors LLC bought a new position in shares of SEI Investments during the second quarter valued at $280,000. 70.59% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at SEI Investments

In related news, insider Mark Andrew Warner sold 4,000 shares of the stock in a transaction that occurred on Tuesday, April 28th. The shares were sold at an average price of $91.16, for a total transaction of $364,640.00. Following the transaction, the insider owned 921 shares in the company, valued at $83,958.36. This represents 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 the SEC website. Also, Director Kathryn Mccarthy sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $91.07, for a total transaction of $910,700.00. Following the sale, the director directly owned 77,883 shares of the company’s stock, valued at approximately $7,092,804.81. This represents a 11.38% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 116,447 shares of company stock valued at $9,908,539 over the last quarter. 4.80% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. UBS Group assumed coverage on SEI Investments in a report on Wednesday, February 4th. They set a “buy” rating and a $115.00 price target on the stock. Raymond James Financial reaffirmed an “outperform” rating and set a $82.00 price target on shares of SEI Investments in a report on Wednesday, April 29th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of SEI Investments in a report on Tuesday, April 21st. Piper Sandler reaffirmed an “overweight” rating and set a $105.00 price target (up from $99.00) on shares of SEI Investments in a report on Thursday, April 23rd. Finally, Morgan Stanley lowered their price objective on shares of SEI Investments from $119.00 to $108.00 and set an “overweight” rating on the stock in a research report on Thursday, April 2nd. Seven equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $103.00.

Get Our Latest Research Report on SEI Investments

SEI Investments Stock Down 1.2%

Shares of SEI Investments stock opened at $89.68 on Thursday. The company has a market cap of $10.79 billion, a price-to-earnings ratio of 15.30 and a beta of 1.00. The company’s 50 day moving average is $84.13 and its 200 day moving average is $83.26. SEI Investments Company has a twelve month low of $75.08 and a twelve month high of $93.96. The company has a quick ratio of 4.40, a current ratio of 4.52 and a debt-to-equity ratio of 0.07.

SEI Investments (NASDAQ:SEICGet Free Report) last issued its quarterly earnings data on Wednesday, April 22nd. The asset manager reported $1.44 earnings per share for the quarter, beating analysts’ consensus estimates of $1.29 by $0.15. The company had revenue of $622.18 million for the quarter, compared to the consensus estimate of $641.82 million. SEI Investments had a net margin of 31.17% and a return on equity of 30.70%. The firm’s revenue for the quarter was up 12.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.17 earnings per share. Research analysts anticipate that SEI Investments Company will post 5.89 EPS for the current year.

SEI Investments Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Tuesday, June 16th. Investors of record on Monday, June 8th will be given a dividend of $0.52 per share. The ex-dividend date is Monday, June 8th. This represents a yield of 116.0%. SEI Investments’s dividend payout ratio is 17.75%.

SEI Investments Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding SEIC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SEI Investments Company (NASDAQ:SEICFree Report).

Institutional Ownership by Quarter for SEI Investments (NASDAQ:SEIC)

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