OP Asset Management Ltd Makes New Investment in SEI Investments Company $SEIC

OP Asset Management Ltd acquired a new stake in SEI Investments Company (NASDAQ:SEIC) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 6,539 shares of the asset manager’s stock, valued at approximately $513,000.

A number of other hedge funds also recently made changes to their positions in SEIC. Bison Wealth LLC acquired a new position in shares of SEI Investments during the 4th quarter worth approximately $207,000. Baird Financial Group Inc. bought a new position in SEI Investments during the first quarter worth $201,000. Geneos Wealth Management Inc. boosted its position in SEI Investments by 60.2% during the first quarter. Geneos Wealth Management Inc. now owns 532 shares of the asset manager’s stock worth $41,000 after purchasing an additional 200 shares during the period. M&T Bank Corp increased its holdings in shares of SEI Investments by 11.9% in the second quarter. M&T Bank Corp now owns 3,217 shares of the asset manager’s stock valued at $289,000 after purchasing an additional 341 shares during the last quarter. Finally, CW Advisors LLC acquired a new position in shares of SEI Investments in the second quarter valued at $280,000. 70.59% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Insider Buying and Selling

In related news, Director Kathryn Mccarthy sold 10,000 shares of the stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $91.07, for a total transaction of $910,700.00. Following the sale, the director owned 77,883 shares of the company’s stock, valued at $7,092,804.81. This represents a 11.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Sanjay Sharma sold 25,000 shares of the firm’s stock in a transaction on Thursday, April 23rd. The stock was sold at an average price of $90.12, for a total value of $2,253,000.00. Following the transaction, the insider owned 39,829 shares in the company, valued at approximately $3,589,389.48. This trade represents a 38.56% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 111,332 shares of company stock valued at $9,908,883 in the last quarter. Corporate insiders own 4.80% of the company’s stock.

SEI Investments Price Performance

NASDAQ:SEIC opened at $87.71 on Wednesday. SEI Investments Company has a 52 week low of $75.08 and a 52 week high of $93.96. The firm has a market cap of $10.55 billion, a price-to-earnings ratio of 14.97 and a beta of 0.97. The firm’s 50-day simple moving average is $89.43 and its 200 day simple moving average is $84.60. The company has a debt-to-equity ratio of 0.07, a quick ratio of 4.40 and a current ratio of 4.52.

SEI Investments (NASDAQ:SEIC) last issued its quarterly earnings data on Wednesday, April 22nd. The asset manager reported $1.44 earnings per share for the quarter, topping the consensus estimate of $1.29 by $0.15. The business had revenue of $622.18 million during 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 business’s revenue was up 12.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.17 EPS. As a group, sell-side analysts predict that SEI Investments Company will post 5.89 earnings per share for the current year.

SEI Investments Dividend Announcement

The firm also recently announced a dividend, which was paid on Tuesday, June 16th. Stockholders of record on Monday, June 8th were issued 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 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.