Ghe LLC Trims Stake in SEI Investments Company $SEIC

Ghe LLC reduced its position in SEI Investments Company (NASDAQ:SEIC) by 86.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 949 shares of the asset manager’s stock after selling 6,105 shares during the period. Ghe LLC’s holdings in SEI Investments were worth $74,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Community Bank N.A. acquired a new position in SEI Investments in the 3rd quarter worth about $35,000. Allworth Financial LP grew 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 valued at $37,000 after purchasing an additional 132 shares during the period. CIBC Private Wealth Group LLC increased its position in shares of SEI Investments by 353.1% in the third quarter. CIBC Private Wealth Group LLC now owns 435 shares of the asset manager’s stock valued at $37,000 after buying an additional 339 shares in the last quarter. Root Financial Partners LLC increased its position in shares of SEI Investments by 40.8% in the first quarter. Root Financial Partners LLC now owns 487 shares of the asset manager’s stock valued at $38,000 after buying an additional 141 shares in the last quarter. Finally, Geneos Wealth Management Inc. increased its position in shares of SEI Investments by 60.2% in the first quarter. Geneos Wealth Management Inc. now owns 532 shares of the asset manager’s stock valued at $41,000 after buying an additional 200 shares in the last quarter. Hedge funds and other institutional investors own 70.59% of the company’s stock.

SEI Investments Price Performance

Shares of SEIC opened at $95.45 on Monday. The stock has a market capitalization of $11.48 billion, a PE ratio of 16.29 and a beta of 0.97. SEI Investments Company has a 1 year low of $75.08 and a 1 year high of $96.60. The company has a debt-to-equity ratio of 0.07, a quick ratio of 4.40 and a current ratio of 4.52. The company’s 50-day simple moving average is $90.34 and its 200-day simple moving average is $85.18.

SEI Investments (NASDAQ:SEIC) last announced 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 business had revenue of $622.18 million during the quarter, compared to analysts’ expectations of $641.82 million. SEI Investments had a return on equity of 30.70% and a net margin of 31.17%.The business’s quarterly revenue was up 12.9% compared to the same quarter last year. During the same quarter last year, the business posted $1.17 EPS. Analysts forecast that SEI Investments Company will post 5.92 earnings per share for the current fiscal year.

SEI Investments Announces Dividend

The firm also recently declared a dividend, which was paid on Tuesday, June 16th. Investors of record on Monday, June 8th were given a $0.52 dividend. The ex-dividend date was Monday, June 8th. This represents a yield of 118.0%. SEI Investments’s dividend payout ratio is 17.75%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on SEIC shares. Weiss Ratings reiterated a “buy (b)” rating on shares of SEI Investments in a research report on Tuesday, April 21st. Piper Sandler reissued an “overweight” rating and issued a $105.00 price target (up from $99.00) on shares of SEI Investments in a report on Thursday, April 23rd. Morgan Stanley upped their price objective on shares of SEI Investments from $113.00 to $115.00 and gave the stock an “overweight” rating in a research report on Thursday. Keefe, Bruyette & Woods increased their price objective on shares of SEI Investments from $107.00 to $113.00 and gave the company an “outperform” rating in a report on Friday. Finally, Raymond James Financial raised their target price on SEI Investments from $122.00 to $124.00 and gave the company an “outperform” rating in a research report on Monday, July 6th. Six 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 data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $114.40.

Insiders Place Their Bets

In other news, insider Sanjay Sharma sold 25,000 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the insider directly owned 39,829 shares of the company’s stock, valued at $3,589,389.48. This trade represents a 38.56% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Mark Andrew Warner sold 4,000 shares of the company’s stock in a transaction dated Tuesday, April 28th. The stock was sold at an average price of $91.16, for a total transaction of $364,640.00. Following the transaction, the insider owned 921 shares in the company, valued at $83,958.36. The trade was a 81.28% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 111,332 shares of company stock valued at $9,908,883. 4.80% of the stock is owned by insiders.

SEI Investments Company 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.