SEI Investments Company (NASDAQ:SEIC – Get Free Report) insider Philip Mccabe sold 5,043 shares of the company’s stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $105.50, for a total value of $532,036.50. Following the completion of the sale, the insider directly owned 54,884 shares in the company, valued at approximately $5,790,262. The trade was a 8.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Philip Mccabe also recently made the following trade(s):
- On Tuesday, August 4th, Philip Mccabe sold 24,957 shares of SEI Investments stock. The shares were sold at an average price of $105.04, for a total value of $2,621,483.28.
SEI Investments Stock Performance
Shares of SEIC stock opened at $104.70 on Friday. SEI Investments Company has a 12 month low of $75.08 and a 12 month high of $107.00. The stock has a market cap of $12.57 billion, a PE ratio of 18.47 and a beta of 0.96. The company has a current ratio of 5.06, a quick ratio of 4.96 and a debt-to-equity ratio of 0.06. The company’s fifty day moving average price is $94.42 and its 200-day moving average price is $87.34.
SEI Investments Dividend Announcement
The firm also recently announced a dividend, which was paid on Tuesday, June 16th. Shareholders of record on Monday, June 8th were paid a dividend of $0.52 per share. The ex-dividend date of this dividend was Monday, June 8th. This represents a dividend yield of 118.0%. SEI Investments’s dividend payout ratio (DPR) is currently 18.34%.
Wall Street Analysts Forecast Growth
Several analysts recently weighed in on SEIC shares. Weiss Ratings restated a “buy (b)” rating on shares of SEI Investments in a research note on Friday, July 17th. Piper Sandler increased their target price on SEI Investments from $114.00 to $120.00 and gave the stock an “overweight” rating in a research note on Thursday, July 23rd. Morgan Stanley lifted their price target on SEI Investments from $115.00 to $125.00 and gave the stock an “overweight” rating in a research report on Thursday, July 23rd. UBS Group reissued a “buy” rating and set a $125.00 price objective on shares of SEI Investments in a research report on Thursday, July 23rd. Finally, Raymond James Financial raised their price objective on shares of SEI Investments from $122.00 to $124.00 and gave the company an “outperform” rating in a research note on Monday, July 6th. One research analyst has rated the stock with a Strong Buy rating and six have assigned a Buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $122.60.
View Our Latest Analysis on SEI Investments
Hedge Funds Weigh In On SEI Investments
A number of hedge funds have recently bought and sold shares of SEIC. BlackRock Inc. bought a new stake in shares of SEI Investments in the second quarter worth approximately $870,745,000. Bank of New York Mellon Corp purchased a new stake in SEI Investments in the second quarter worth approximately $78,430,000. Norges Bank purchased a new stake in SEI Investments in the fourth quarter worth approximately $53,548,000. Clark Capital Management Group Inc. grew its position in SEI Investments by 2,333.2% in the 4th 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 during the period. Finally, PFA Pension Forsikringsaktieselskab purchased a new stake in SEI Investments during the 4th quarter valued at $43,186,000. Hedge funds and other institutional investors own 70.59% of the company’s stock.
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.
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