Key Points
- Insider sale: Mark Andrew Warner sold 4,000 SEI shares on Feb. 25 at an average price of $81.74 for total proceeds of $326,960, leaving him with 921 shares — an 81.28% reduction in his position.
- Fundamentals and outlook: SEI reported $1.30 EPS (missed by $0.04) and revenue of $607.93M (up 9.1% YoY), the stock trades near $83 with a $10.19B market cap and 14.8 P/E, and analysts show a consensus "Moderate Buy" with an average target of $109.67.
SEI Investments Company (NASDAQ:SEIC - Get Free Report) insider Mark Andrew Warner sold 4,000 shares of the company's stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $81.74, for a total value of $326,960.00. Following the completion of the sale, the insider owned 921 shares in the company, valued at $75,282.54. This trade represents a 81.28% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
SEI Investments Stock Performance
Shares of SEIC opened at $83.35 on Friday. The company has a current ratio of 3.29, a quick ratio of 3.20 and a debt-to-equity ratio of 0.04. The firm's fifty day simple moving average is $84.14 and its two-hundred day simple moving average is $84.14. SEI Investments Company has a 12 month low of $64.66 and a 12 month high of $93.96. The stock has a market capitalization of $10.19 billion, a P/E ratio of 14.80 and a beta of 0.95.
SEI Investments (NASDAQ:SEIC - Get Free Report) last released its quarterly earnings data on Wednesday, January 28th. The asset manager reported $1.30 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 firm had revenue of $607.93 million for the quarter, compared to the consensus estimate of $596.97 million. During the same quarter in the prior year, the firm earned $1.19 EPS. The company's revenue was up 9.1% compared to the same quarter last year. As a group, analysts predict that SEI Investments Company will post 4.86 EPS for the current year.
SEI Investments Dividend Announcement
The firm also recently declared a dividend, which was paid on Monday, January 12th. Stockholders of record on Monday, December 29th were given a $0.52 dividend. The ex-dividend date of this dividend was Monday, December 29th. This represents a dividend yield of 124.0%. SEI Investments's payout ratio is 18.47%.
Analyst Upgrades and Downgrades
Several brokerages have commented on SEIC. Zacks Research downgraded shares of SEI Investments from a "strong-buy" rating to a "hold" rating in a report on Tuesday, November 11th. Piper Sandler reiterated an "overweight" rating and issued a $106.00 price objective on shares of SEI Investments in a research report on Friday, February 20th. UBS Group initiated coverage on SEI Investments in a research report on Wednesday, February 4th. They set a "buy" rating and a $115.00 target price for the company. Keefe, Bruyette & Woods upped their target price on SEI Investments from $97.00 to $102.00 and gave the stock an "outperform" rating in a research note on Thursday, January 8th. Finally, Morgan Stanley upped their price objective on shares of SEI Investments from $115.00 to $117.00 and gave the stock an "overweight" rating in a research report on Tuesday, January 6th. Seven equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat, SEI Investments has a consensus rating of "Moderate Buy" and an average price target of $109.67.
Check Out Our Latest Report on SEI Investments
Institutional Trading of SEI Investments
Hedge funds have recently modified their holdings of the business. Root Financial Partners LLC bought a new position in shares of SEI Investments during the third quarter valued at $28,000. SJS Investment Consulting Inc. grew its position in SEI Investments by 142.9% during the 3rd quarter. SJS Investment Consulting Inc. now owns 357 shares of the asset manager's stock valued at $30,000 after purchasing an additional 210 shares during the last quarter. CoreFirst Bank & Trust bought a new stake in SEI Investments during the 2nd quarter valued at about $34,000. Community Bank N.A. purchased a new position in SEI Investments in the third quarter worth about $35,000. Finally, Allworth Financial LP raised its holdings in SEI Investments by 44.0% in the third quarter. Allworth Financial LP now owns 432 shares of the asset manager's stock worth $37,000 after buying an additional 132 shares during the last quarter. Institutional investors own 70.59% of the company's stock.
SEI Investments Company Profile
(
Get 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.
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