10,116 Shares in SEI Investments Company $SEIC Purchased by AXQ Capital LP

AXQ Capital LP purchased a new position in SEI Investments Company (NASDAQ:SEIC) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 10,116 shares of the asset manager’s stock, valued at approximately $830,000.

Other hedge funds also recently bought and sold shares of the company. Ashton Thomas Private Wealth LLC boosted its stake in SEI Investments by 349.2% in the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 63,902 shares of the asset manager’s stock worth $5,422,000 after purchasing an additional 49,676 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S boosted its holdings in shares of SEI Investments by 3,554.3% during the 3rd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 27,042 shares of the asset manager’s stock valued at $2,295,000 after acquiring an additional 26,302 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of SEI Investments by 0.3% during the 3rd quarter. Vanguard Group Inc. now owns 11,260,591 shares of the asset manager’s stock valued at $955,461,000 after acquiring an additional 30,970 shares during the last quarter. Allianz Asset Management GmbH boosted its holdings in shares of SEI Investments by 21.1% during the 3rd quarter. Allianz Asset Management GmbH now owns 174,266 shares of the asset manager’s stock valued at $14,786,000 after acquiring an additional 30,411 shares during the last quarter. Finally, M&G PLC purchased a new stake in shares of SEI Investments during the 3rd quarter valued at about $10,413,000. Institutional investors own 70.59% of the company’s stock.

Insider Activity

In other news, insider Mark Andrew Warner sold 4,000 shares of SEI Investments 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 sale, the insider owned 921 shares in the company, valued at $83,958.36. This trade represents a 81.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Sanjay Sharma sold 25,000 shares of the firm’s stock in a transaction on Thursday, April 23rd. The shares were sold at an average price of $90.12, for a total transaction of $2,253,000.00. Following the completion of the transaction, the insider directly owned 39,829 shares of the company’s stock, valued at approximately $3,589,389.48. This trade represents a 38.56% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 116,447 shares of company stock valued at $9,908,539. Company insiders own 4.80% of the company’s stock.

SEI Investments Trading Down 0.6%

SEI Investments stock opened at $87.77 on Wednesday. The stock has a market cap of $10.56 billion, a P/E ratio of 14.98 and a beta of 0.97. The company has a debt-to-equity ratio of 0.07, a current ratio of 4.52 and a quick ratio of 4.40. SEI Investments Company has a 1 year low of $75.08 and a 1 year high of $93.96. The firm’s 50 day moving average price is $84.74 and its 200-day moving average price is $83.37.

SEI Investments (NASDAQ:SEIC) last released its quarterly earnings data on Wednesday, April 22nd. The asset manager reported $1.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.29 by $0.15. The firm had revenue of $622.18 million for the quarter, compared to analysts’ expectations of $641.82 million. SEI Investments had a net margin of 31.17% and a return on equity of 30.70%. The company’s revenue for the quarter was up 12.9% compared to the same quarter last year. During the same quarter last year, the business posted $1.17 earnings per share. On average, equities analysts predict that SEI Investments Company will post 5.89 earnings per share for the current fiscal year.

SEI Investments Announces Dividend

The business also recently disclosed a dividend, which will be paid on Tuesday, June 16th. Stockholders 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 dividend yield of 116.0%. SEI Investments’s dividend payout ratio (DPR) is presently 17.75%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on SEIC shares. Morgan Stanley dropped their price target on shares of SEI Investments from $119.00 to $108.00 and set an “overweight” rating on the stock in a report on Thursday, April 2nd. 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. Weiss Ratings reissued a “buy (b)” rating on shares of SEI Investments in a report on Tuesday, April 21st. Raymond James Financial reissued an “outperform” rating and issued a $82.00 price objective on shares of SEI Investments in a report on Wednesday, April 29th. Finally, UBS Group began coverage on shares of SEI Investments in a research note on Wednesday, February 4th. They set a “buy” rating and a $115.00 price target on the stock. Seven investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $103.00.

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.