157,958 Shares in SEI Investments Company $SEIC Bought by Foyston Gordon & Payne Inc

Key Points

• Foyston Gordon & Payne acquired 157,958 shares of SEI Investments, valued at approximately $13.94 million, making up about 3% of its portfolio. Institutional investors collectively own 70.59% of the company.
• SEI Investments reported quarterly EPS of $1.66, beating estimates of $1.44, while revenue rose 14.7% year over year to $641.62 million. Shares opened at $109.53, near their 52-week high.
• Analysts maintain a favorable outlook, with the stock carrying an average “Buy” rating and a consensus price target of $122.60; however, company insiders sold 142,332 shares worth about $13.75 million during the last quarter.

Foyston Gordon & Payne Inc bought a new stake in SEI Investments Company (NASDAQ:SEIC - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 157,958 shares of the asset manager's stock, valued at approximately $13,940,000. SEI Investments comprises about 3.0% of Foyston Gordon & Payne Inc's portfolio, making the stock its 9th biggest position. Foyston Gordon & Payne Inc owned 0.13% of SEI Investments as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Elevation Wealth Partners LLC boosted its holdings in shares of SEI Investments by 96.8% in the 2nd quarter. Elevation Wealth Partners LLC now owns 309 shares of the asset manager's stock worth $27,000 after purchasing an additional 152 shares in the last quarter. CIBC Private Wealth Group LLC raised its holdings in shares of SEI Investments by 353.1% during the 3rd 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 lifted its position in SEI Investments by 40.8% in the 1st quarter. Root Financial Partners LLC now owns 487 shares of the asset manager's stock worth $38,000 after buying an additional 141 shares during the last quarter. Geneos Wealth Management Inc. boosted its stake in 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 in the last quarter. Finally, Western Wealth Management LLC bought a new position in SEI Investments during the first quarter valued at approximately $43,000. Hedge funds and other institutional investors own 70.59% of the company's stock.

SEI Investments Stock Up 1.8%

Shares of SEI Investments stock opened at $109.53 on Friday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 4.96 and a current ratio of 5.06. SEI Investments Company has a 52-week low of $75.08 and a 52-week high of $109.75. The stock has a market capitalization of $13.15 billion, a price-to-earnings ratio of 19.32 and a beta of 0.96. The company's 50 day moving average price is $97.99 and its 200-day moving average price is $88.77.

SEI Investments (NASDAQ:SEIC - Get Free Report) last posted its quarterly earnings results on Wednesday, July 22nd. The asset manager reported $1.66 EPS for the quarter, beating analysts' consensus estimates of $1.44 by $0.22. The company had revenue of $641.62 million during the quarter, compared to analyst estimates of $636.35 million. SEI Investments had a net margin of 28.85% and a return on equity of 29.16%. The firm's revenue was up 14.7% compared to the same quarter last year. During the same period in the prior year, the business posted $1.78 EPS. Equities research analysts forecast that SEI Investments Company will post 6.2 EPS for the current year.

SEI Investments Announces Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, June 16th. Shareholders of record on Monday, June 8th were given a $0.52 dividend. The ex-dividend date was Monday, June 8th. This represents a dividend yield of 118.0%. SEI Investments's payout ratio is presently 18.34%.

Insider Activity

In other news, Director Kathryn Mccarthy sold 10,000 shares of the stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $103.53, for a total transaction of $1,035,300.00. Following the completion of the sale, the director directly owned 77,883 shares in the company, valued at approximately $8,063,226.99. This represents a 11.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Sanjay Sharma sold 20,000 shares of the stock in a transaction dated Friday, July 24th. The stock was sold at an average price of $99.33, for a total transaction of $1,986,600.00. Following the sale, the insider owned 39,829 shares of the company's stock, valued at approximately $3,956,214.57. This represents a 33.43% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 142,332 shares of company stock valued at $13,745,813. 4.80% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on SEIC shares. Zacks Research upgraded shares of SEI Investments from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 23rd. Wall Street Zen raised shares of SEI Investments from a "hold" rating to a "buy" rating in a report on Saturday, July 25th. UBS Group reiterated a "buy" rating and issued a $125.00 target price on shares of SEI Investments in a research report on Thursday, July 23rd. Keefe, Bruyette & Woods boosted their price target on shares of SEI Investments from $113.00 to $119.00 and gave the stock an "outperform" rating in a research note on Thursday, July 23rd. Finally, Weiss Ratings restated a "buy (b)" rating on shares of SEI Investments in a research report on Friday, July 17th. One research analyst has rated the stock with a Strong Buy rating and six have given a Buy rating to the stock. Based on data from MarketBeat, SEI Investments currently has an average rating of "Buy" and an average price target of $122.60.

SEI Investments 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.

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