Insider Selling: SEI Investments (NASDAQ:SEIC) Insider Sells 5,000 Shares of Stock

SEI Investments (NASDAQ:SEIC) insider Mark Andrew Warner sold 5,000 shares of the company’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $80.39, for a total transaction of $401,950.00. Following the completion of the transaction, the insider now owns 1,300 shares of the company’s stock, valued at $104,507. This represents a 79.37 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

SEI Investments Stock Down 1.2 %

NASDAQ SEIC opened at $75.98 on Friday. The stock has a market capitalization of $9.65 billion, a P/E ratio of 17.19, a P/E/G ratio of 1.41 and a beta of 0.98. SEI Investments has a 52-week low of $62.38 and a 52-week high of $87.25. The firm has a 50-day moving average price of $82.43 and a 200 day moving average price of $77.40.

SEI Investments (NASDAQ:SEIC) last posted its quarterly earnings results on Wednesday, January 29th. The asset manager reported $1.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.21 by ($0.02). SEI Investments had a return on equity of 25.51% and a net margin of 27.35%. On average, equities research analysts expect that SEI Investments will post 4.86 earnings per share for the current fiscal year.

SEI Investments Increases Dividend

The company also recently declared a semi-annual dividend, which was paid on Wednesday, January 8th. Investors of record on Friday, December 27th were issued a dividend of $0.49 per share. This is a boost from SEI Investments’s previous semi-annual dividend of $0.46. This represents a yield of 1.1%. The ex-dividend date was Friday, December 27th. SEI Investments’s dividend payout ratio is currently 22.17%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Siemens Fonds Invest GmbH purchased a new position in SEI Investments in the fourth quarter valued at about $435,000. GHE LLC increased its holdings in SEI Investments by 2.0% in the fourth quarter. GHE LLC now owns 9,126 shares of the asset manager’s stock valued at $753,000 after buying an additional 183 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in SEI Investments in the fourth quarter valued at about $5,917,000. Ascent Group LLC increased its holdings in SEI Investments by 4.3% in the fourth quarter. Ascent Group LLC now owns 20,865 shares of the asset manager’s stock valued at $1,721,000 after buying an additional 851 shares in the last quarter. Finally, Investment Management Corp VA ADV purchased a new position in SEI Investments in the fourth quarter valued at about $642,000. 70.59% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have issued reports on SEIC shares. Morgan Stanley upped their price objective on shares of SEI Investments from $75.00 to $80.00 and gave the company an “underweight” rating in a research note on Friday, January 3rd. Raymond James raised shares of SEI Investments from a “market perform” rating to an “outperform” rating and set a $99.00 target price for the company in a report on Thursday, January 30th. Oppenheimer upped their target price on shares of SEI Investments from $85.00 to $94.00 and gave the company an “outperform” rating in a report on Tuesday, January 7th. Piper Sandler upped their target price on shares of SEI Investments from $77.00 to $87.00 and gave the company a “neutral” rating in a report on Monday, December 23rd. Finally, Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $90.00 target price (up from $86.00) on shares of SEI Investments in a report on Thursday, January 30th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $90.00.

SEI Investments Company Profile

SEI Investments Company is a publicly owned asset management holding company. Through its subsidiaries, the firm provides wealth management, retirement and investment solutions, asset management, asset administration, investment processing outsourcing solutions, financial services, and investment advisory services to its clients.