SEI Investments Company $SEIC Stock Holdings Boosted by Brandes Investment Partners LP

Brandes Investment Partners LP grew its stake in shares of SEI Investments Company (NASDAQ:SEIC) by 23.7% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 35,663 shares of the asset manager’s stock after acquiring an additional 6,843 shares during the period. Brandes Investment Partners LP’s holdings in SEI Investments were worth $2,925,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Allworth Financial LP lifted its position in shares of SEI Investments by 44.0% during the 3rd quarter. Allworth Financial LP now owns 432 shares of the asset manager’s stock valued at $37,000 after acquiring an additional 132 shares during the last quarter. Focus Partners Advisor Solutions LLC lifted its position in shares of SEI Investments by 1.2% during the 4th quarter. Focus Partners Advisor Solutions LLC now owns 11,957 shares of the asset manager’s stock valued at $981,000 after acquiring an additional 141 shares during the last quarter. Johnson Investment Counsel Inc. lifted its position in shares of SEI Investments by 0.5% during the 3rd quarter. Johnson Investment Counsel Inc. now owns 29,852 shares of the asset manager’s stock valued at $2,533,000 after acquiring an additional 153 shares during the last quarter. Farther Finance Advisors LLC lifted its position in shares of SEI Investments by 10.4% during the 4th quarter. Farther Finance Advisors LLC now owns 1,704 shares of the asset manager’s stock valued at $140,000 after acquiring an additional 161 shares during the last quarter. Finally, GAMMA Investing LLC lifted its position in shares of SEI Investments by 2.3% during the 4th quarter. GAMMA Investing LLC now owns 7,260 shares of the asset manager’s stock valued at $595,000 after acquiring an additional 164 shares during the last quarter. Institutional investors and hedge funds own 70.59% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Piper Sandler reiterated an “overweight” rating and set a $105.00 price objective (up from $99.00) on shares of SEI Investments in a research report on Thursday, April 23rd. Raymond James Financial restated an “outperform” rating and issued a $82.00 target price on shares of SEI Investments in a report on Wednesday, April 29th. Keefe, Bruyette & Woods increased their target price on SEI Investments from $95.00 to $107.00 and gave the company an “outperform” rating in a report on Thursday, April 23rd. Weiss Ratings restated a “buy (b)” rating on shares of SEI Investments in a report on Tuesday, April 21st. Finally, Morgan Stanley reduced their target price on SEI Investments from $119.00 to $108.00 and set an “overweight” rating for the company in a report on Thursday, April 2nd. Seven analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $103.00.

Insiders Place Their Bets

In other news, insider Philip Mccabe sold 15,000 shares of the firm’s stock in a transaction dated Thursday, April 23rd. The stock was sold at an average price of $91.82, for a total value of $1,377,300.00. Following the sale, the insider directly owned 54,884 shares of the company’s stock, valued at approximately $5,039,448.88. This trade represents a 21.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Sanjay Sharma sold 25,000 shares of the firm’s stock in a transaction dated Thursday, April 23rd. The shares were sold at an average price of $90.12, for a total value of $2,253,000.00. Following the completion of the sale, the insider directly owned 39,829 shares in the company, valued at approximately $3,589,389.48. This represents a 38.56% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 54,000 shares of company stock valued at $4,905,640. 4.80% of the stock is owned by company insiders.

SEI Investments Trading Down 1.6%

SEI Investments stock opened at $88.80 on Thursday. The company has a debt-to-equity ratio of 0.07, a current ratio of 4.52 and a quick ratio of 4.40. The company has a market capitalization of $10.68 billion, a price-to-earnings ratio of 15.15 and a beta of 0.97. SEI Investments Company has a one year low of $75.08 and a one year high of $93.96. The company’s fifty day moving average price is $86.31 and its two-hundred day moving average price is $83.78.

SEI Investments (NASDAQ:SEIC) last posted its earnings results on Wednesday, April 22nd. The asset manager reported $1.44 EPS for the quarter, topping the consensus estimate of $1.29 by $0.15. The firm 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 business’s quarterly revenue was up 12.9% on a year-over-year basis. During the same period in the prior year, the business posted $1.17 earnings per share. On average, analysts forecast that SEI Investments Company will post 5.89 earnings per share for the current fiscal year.

SEI Investments Announces Dividend

The firm also recently declared a dividend, which will be paid on Tuesday, June 16th. Stockholders of record on Monday, June 8th will be given a $0.52 dividend. This represents a dividend yield of 118.0%. The ex-dividend date of this dividend is Monday, June 8th. SEI Investments’s dividend payout ratio (DPR) is currently 17.75%.

SEI Investments Profile

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.