SEI Investments (NASDAQ:SEIC) Reaches New 52-Week High on Better-Than-Expected Earnings

SEI Investments Company (NASDAQ:SEIC)’s share price hit a new 52-week high during mid-day trading on Thursday following a stronger than expected earnings report. The stock traded as high as $103.99 and last traded at $98.32, with a volume of 2859 shares. The stock had previously closed at $98.75.

The asset manager reported $1.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.44 by $0.22. The business had revenue of $641.62 million for the quarter, compared to the consensus estimate of $636.35 million. SEI Investments had a return on equity of 29.16% and a net margin of 28.85%.The company’s revenue was up 14.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.78 EPS.

SEI Investments Dividend Announcement

The firm also recently announced a dividend, which was paid on Tuesday, June 16th. Shareholders of record on Monday, June 8th were paid 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 (DPR) is presently 17.75%.

Key SEI Investments News

Here are the key news stories impacting SEI Investments this week:

• Positive Sentiment: SEI posted Q2 earnings of $1.66 per share, beating estimates, while revenue rose to $641.6 million and sales/AUM metrics topped expectations, reinforcing the view that business momentum remains solid. Article Title
• Positive Sentiment: Management’s Q2 call highlighted record growth and expanding margins, which suggests operating leverage is improving and may support earnings growth ahead. Article Title
• Positive Sentiment: Analysts turned more constructive after earnings: Morgan Stanley raised its price target to $125 with an overweight rating, and Keefe, Bruyette & Woods lifted its target to $119 with an outperform rating, both signaling higher expectations for the stock. Article Title
• Positive Sentiment: Consensus earnings estimates have been revised higher, which often supports shares when investors see improving forward fundamentals. Article Title
• Neutral Sentiment: Recent short-interest data showed no meaningful short position reported, so there is no clear bearish squeeze or short-selling signal driving the move. Article Title

Analyst Ratings Changes

SEIC has been the subject of several research reports. Raymond James Financial upped their target price on SEI Investments from $122.00 to $124.00 and gave the stock an “outperform” rating in a report on Monday, July 6th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of SEI Investments in a research note on Friday, July 17th. Morgan Stanley increased their target price on shares of SEI Investments from $115.00 to $125.00 and gave the stock an “overweight” rating in a report on Thursday. Keefe, Bruyette & Woods boosted their price target on shares of SEI Investments from $113.00 to $119.00 and gave the company an “outperform” rating in a report on Thursday. Finally, UBS Group reaffirmed a “buy” rating and issued a $125.00 price target on shares of SEI Investments in a research report on Thursday. Six equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $122.60.

Insider Transactions at SEI Investments

In other news, insider Mark Andrew Warner sold 4,000 shares of the company’s stock in a transaction on 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 directly owned 921 shares of the company’s stock, valued at approximately $83,958.36. This represents a 81.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Kathryn Mccarthy sold 10,000 shares of the stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $91.07, for a total value of $910,700.00. Following the completion of the sale, the director owned 77,883 shares of the company’s stock, valued at approximately $7,092,804.81. This trade represents a 11.38% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 71,332 shares of company stock valued at $6,278,583 in the last 90 days. Insiders own 4.80% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Bison Wealth LLC purchased a new stake in SEI Investments in the fourth quarter valued at $207,000. Baird Financial Group Inc. acquired a new position in shares of SEI Investments in the 1st quarter valued at about $201,000. Geneos Wealth Management Inc. boosted its stake 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 worth $41,000 after buying an additional 200 shares during the last quarter. M&T Bank Corp grew its holdings in SEI Investments by 11.9% during the second quarter. M&T Bank Corp now owns 3,217 shares of the asset manager’s stock worth $289,000 after acquiring an additional 341 shares during the period. Finally, CW Advisors LLC purchased a new position in SEI Investments during the second quarter valued at approximately $280,000. 70.59% of the stock is currently owned by hedge funds and other institutional investors.

SEI Investments Stock Performance

The company has a market capitalization of $11.93 billion, a PE ratio of 17.50 and a beta of 0.97. The firm has a 50-day moving average of $91.71 and a two-hundred day moving average of $86.14. The company has a quick ratio of 4.40, a current ratio of 5.06 and a debt-to-equity ratio of 0.06.

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.