Arbejdsmarkedets Tillaegspension Buys 38,242 Shares of SEI Investments Company $SEIC

Arbejdsmarkedets Tillaegspension increased its position in SEI Investments Company (NASDAQ:SEIC) by 13.4% in the 1st quarter, HoldingsChannel reports. The fund owned 323,418 shares of the asset manager’s stock after buying an additional 38,242 shares during the quarter. Arbejdsmarkedets Tillaegspension’s holdings in SEI Investments were worth $25,379,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Diversify Wealth Management LLC bought a new position in shares of SEI Investments in the first quarter worth approximately $1,063,000. Fifth Third Bancorp increased its stake in shares of SEI Investments by 2,077.0% in the first quarter. Fifth Third Bancorp now owns 26,690 shares of the asset manager’s stock worth $2,094,000 after purchasing an additional 25,464 shares in the last quarter. Simplicity Wealth LLC raised its position in shares of SEI Investments by 30.7% during the 1st quarter. Simplicity Wealth LLC now owns 3,702 shares of the asset manager’s stock valued at $290,000 after purchasing an additional 870 shares during the period. Peterson Wealth Services raised its position in shares of SEI Investments by 26.2% during the 1st quarter. Peterson Wealth Services now owns 2,213 shares of the asset manager’s stock valued at $174,000 after purchasing an additional 460 shares during the period. Finally, Oregon Public Employees Retirement Fund lifted its stake in shares of SEI Investments by 2.7% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 19,086 shares of the asset manager’s stock valued at $1,498,000 after buying an additional 500 shares in the last quarter. Institutional investors own 70.59% of the company’s stock.

SEI Investments Stock Performance

Shares of SEI Investments stock opened at $95.45 on Monday. SEI Investments Company has a twelve month low of $75.08 and a twelve month high of $96.60. The company has a quick ratio of 4.40, a current ratio of 4.52 and a debt-to-equity ratio of 0.07. The business has a 50-day moving average price of $90.34 and a 200-day moving average price of $85.18. The firm has a market cap of $11.48 billion, a price-to-earnings ratio of 16.29 and a beta of 0.97.

SEI Investments (NASDAQ:SEIC) last announced its quarterly earnings results on Wednesday, April 22nd. The asset manager reported $1.44 EPS for the quarter, beating analysts’ consensus estimates of $1.29 by $0.15. The company had revenue of $622.18 million during the quarter, compared to analyst estimates of $641.82 million. SEI Investments had a return on equity of 30.70% and a net margin of 31.17%.The firm’s revenue was up 12.9% on a year-over-year basis. During the same period in the prior year, the company earned $1.17 earnings per share. Equities research analysts anticipate that SEI Investments Company will post 5.92 EPS for the current fiscal year.

SEI Investments Dividend Announcement

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

Wall Street Analyst Weigh In

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

Insider Activity

In related news, insider Mark Andrew Warner sold 4,000 shares of the firm’s stock in a transaction on Tuesday, April 28th. The shares were sold at an average price of $91.16, for a total value of $364,640.00. Following the completion of the transaction, the insider directly owned 921 shares of the company’s stock, valued at approximately $83,958.36. This trade represents a 81.28% decrease in their ownership of the stock. The transaction 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 business’s stock in a transaction on Thursday, April 23rd. The stock was sold at an average price of $90.12, for a total transaction of $2,253,000.00. Following the completion of the sale, the insider owned 39,829 shares in the company, valued at $3,589,389.48. This represents a 38.56% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 111,332 shares of company stock worth $9,908,883. 4.80% of the stock is owned by corporate 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.