SEI Investments Company (NASDAQ:SEIC) Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. decreased its holdings in SEI Investments Company (NASDAQ:SEIC) by 1.2% in the first quarter, HoldingsChannel.com reports. The firm owned 11,461,187 shares of the asset manager’s stock after selling 139,086 shares during the quarter. Vanguard Group Inc. owned approximately 0.09% of SEI Investments worth $889,732,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of SEIC. Raymond James Financial Inc. purchased a new stake in shares of SEI Investments in the fourth quarter valued at approximately $42,548,000. GAMMA Investing LLC boosted its position in shares of SEI Investments by 9,563.5% during the first quarter. GAMMA Investing LLC now owns 470,515 shares of the asset manager’s stock worth $36,526,000 after buying an additional 465,646 shares during the period. FMR LLC raised its stake in shares of SEI Investments by 39.3% in the fourth quarter. FMR LLC now owns 1,233,225 shares of the asset manager’s stock valued at $101,716,000 after acquiring an additional 348,112 shares in the last quarter. Aware Super Pty Ltd as trustee of Aware Super acquired a new stake in shares of SEI Investments in the fourth quarter valued at $23,710,000. Finally, Caisse DE Depot ET Placement DU Quebec raised its stake in shares of SEI Investments by 108.7% in the fourth quarter. Caisse DE Depot ET Placement DU Quebec now owns 532,336 shares of the asset manager’s stock valued at $43,907,000 after acquiring an additional 277,252 shares in the last quarter. Institutional investors and hedge funds own 70.59% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. William Blair restated a “market perform” rating on shares of SEI Investments in a research note on Thursday, April 24th. Oppenheimer raised their price target on SEI Investments from $96.00 to $101.00 and gave the stock an “outperform” rating in a report on Tuesday, July 8th. Piper Sandler lowered their price target on SEI Investments from $96.00 to $93.00 and set a “neutral” rating on the stock in a report on Thursday, July 24th. Raymond James Financial raised their price target on SEI Investments from $115.00 to $118.00 and gave the stock an “outperform” rating in a report on Thursday, July 24th. Finally, Morgan Stanley reissued an “overweight” rating and set a $100.00 price target (up previously from $84.00) on shares of SEI Investments in a report on Thursday, June 26th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, SEI Investments has a consensus rating of “Moderate Buy” and a consensus target price of $102.00.

SEI Investments Stock Down 0.1%

Shares of NASDAQ SEIC opened at $87.44 on Tuesday. SEI Investments Company has a 52-week low of $64.19 and a 52-week high of $93.96. The firm has a fifty day moving average of $88.35 and a 200-day moving average of $82.25. The stock has a market capitalization of $10.81 billion, a PE ratio of 16.41, a P/E/G ratio of 1.39 and a beta of 0.95.

SEI Investments (NASDAQ:SEIC) last announced its quarterly earnings data on Wednesday, July 23rd. The asset manager reported $1.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.18 by $0.60. SEI Investments had a net margin of 31.25% and a return on equity of 29.96%. The company had revenue of $559.60 million during the quarter, compared to analysts’ expectations of $550.72 million. During the same period in the previous year, the company earned $1.05 EPS. The business’s quarterly revenue was up 7.8% compared to the same quarter last year. Equities research analysts expect that SEI Investments Company will post 4.86 EPS for the current fiscal year.

SEI Investments Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 17th. Investors of record on Monday, June 9th were paid a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a yield of 2.2%. This is a positive change from SEI Investments’s previous quarterly dividend of $0.46. The ex-dividend date was Monday, June 9th. SEI Investments’s dividend payout ratio (DPR) is currently 18.39%.

Insider Activity

In related news, insider Sanjay Sharma sold 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 14th. The shares were sold at an average price of $83.40, for a total transaction of $1,668,000.00. Following the transaction, the insider owned 23,895 shares in the company, valued at $1,992,843. This trade represents a 45.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Mark Andrew Warner sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 29th. The stock was sold at an average price of $88.75, for a total transaction of $443,750.00. Following the sale, the insider owned 1,300 shares of the company’s stock, valued at $115,375. The trade was a 79.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 237,126 shares of company stock valued at $20,082,409 over the last quarter. Corporate insiders own 14.30% of the company’s stock.

About SEI Investments

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.