Carl Guarino Sells 10,000 Shares of SEI Investments (NASDAQ:SEIC) Stock

Key Points

  • SEI Investments director Carl Guarino sold 10,000 shares at an average price of $103.19, generating approximately $1.03 million. His remaining ownership fell by 35.33% to 18,308 shares.
  • SEI Investments reported quarterly earnings of $1.66 per share, beating consensus estimates of $1.44, while revenue reached $641.62 million and increased 14.7% year over year.
  • Analysts remain broadly positive, with the stock receiving an average “Buy” rating and a consensus price target of $122.60; several firms recently raised their targets to between $120 and $125.

SEI Investments Company (NASDAQ:SEIC - Get Free Report) Director Carl Guarino sold 10,000 shares of SEI Investments stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $103.19, for a total value of $1,031,900.00. Following the completion of the sale, the director owned 18,308 shares in the company, valued at approximately $1,889,202.52. This trade represents a 35.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

SEI Investments Trading Up 0.2%

Shares of SEIC stock opened at $103.04 on Friday. The business's fifty day moving average price is $92.65 and its 200 day moving average price is $86.56. The firm has a market capitalization of $12.37 billion, a PE ratio of 18.17 and a beta of 0.97. The company has a debt-to-equity ratio of 0.06, a current ratio of 5.06 and a quick ratio of 4.96. SEI Investments Company has a 1-year low of $75.08 and a 1-year high of $104.47.




SEI Investments (NASDAQ:SEIC - Get Free Report) last released its earnings results on Wednesday, July 22nd. The asset manager reported $1.66 EPS 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 the consensus estimate of $636.35 million. SEI Investments had a return on equity of 29.16% and a net margin of 28.85%.SEI Investments's quarterly revenue was up 14.7% compared to the same quarter last year. During the same quarter last year, the company earned $1.78 earnings per share. As a group, sell-side analysts forecast that SEI Investments Company will post 6.2 EPS for the current fiscal year.

SEI Investments Announces Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, June 16th. Investors of record on Monday, June 8th were paid a $0.52 dividend. The ex-dividend date was Monday, June 8th. This represents a dividend yield of 118.0%. SEI Investments's dividend payout ratio (DPR) is 18.34%.

Analyst Ratings Changes

Several equities research analysts have recently commented on SEIC shares. UBS Group reissued a "buy" rating and set a $125.00 price target on shares of SEI Investments in a research note on Thursday, July 23rd. Wall Street Zen raised SEI Investments from a "hold" rating to a "buy" rating in a research note on Saturday, July 25th. Morgan Stanley lifted their price objective on SEI Investments from $115.00 to $125.00 and gave the stock an "overweight" rating in a report on Thursday, July 23rd. Zacks Research upgraded SEI Investments from a "hold" rating to a "strong-buy" rating in a research report on Thursday, July 23rd. Finally, Piper Sandler upped their target price on SEI Investments from $114.00 to $120.00 and gave the company an "overweight" rating in a report on Thursday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating and six have given a Buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Buy" and an average price target of $122.60.

Check Out Our Latest Stock Analysis on SEI Investments

Hedge Funds Weigh In On SEI Investments

Several hedge funds have recently bought and sold shares of the stock. Elevation Wealth Partners LLC lifted its position in shares of SEI Investments by 96.8% in the second quarter. Elevation Wealth Partners LLC now owns 309 shares of the asset manager's stock valued at $27,000 after acquiring an additional 152 shares in the last quarter. Allworth Financial LP increased its position in SEI Investments by 44.0% during the 3rd quarter. Allworth Financial LP now owns 432 shares of the asset manager's stock worth $37,000 after purchasing an additional 132 shares in the last quarter. CIBC Private Wealth Group LLC raised its stake in SEI Investments by 353.1% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 435 shares of the asset manager's stock valued at $37,000 after purchasing an additional 339 shares during the last quarter. Root Financial Partners LLC raised its stake in SEI Investments by 40.8% in the 1st quarter. Root Financial Partners LLC now owns 487 shares of the asset manager's stock valued at $38,000 after purchasing an additional 141 shares during the last quarter. Finally, Geneos Wealth Management Inc. lifted its holdings in SEI Investments by 60.2% in the 1st 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. Hedge funds and other 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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