Bayforest Capital Ltd Grows Stake in SEI Investments Company (NASDAQ:SEIC)

Bayforest Capital Ltd increased its holdings in shares of SEI Investments Company (NASDAQ:SEIC - Free Report) by 166.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,021 shares of the asset manager's stock after buying an additional 6,265 shares during the quarter. Bayforest Capital Ltd's holdings in SEI Investments were worth $778,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in SEI Investments by 59.9% during the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 12,553 shares of the asset manager's stock valued at $974,000 after purchasing an additional 4,701 shares during the last quarter. Janney Montgomery Scott LLC purchased a new stake in SEI Investments during the 1st quarter valued at about $206,000. Wealth Enhancement Advisory Services LLC grew its stake in SEI Investments by 41.6% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 21,301 shares of the asset manager's stock valued at $1,654,000 after purchasing an additional 6,261 shares during the last quarter. Farther Finance Advisors LLC grew its stake in SEI Investments by 104.3% during the 1st quarter. Farther Finance Advisors LLC now owns 1,334 shares of the asset manager's stock valued at $103,000 after purchasing an additional 681 shares during the last quarter. Finally, Boston Trust Walden Corp grew its stake in SEI Investments by 1.5% during the 1st quarter. Boston Trust Walden Corp now owns 1,325,479 shares of the asset manager's stock valued at $102,897,000 after purchasing an additional 19,150 shares during the last quarter. 70.59% of the stock is currently owned by hedge funds and other institutional investors.

SEI Investments Stock Performance

Shares of SEIC stock traded down $1.67 during trading hours on Friday, reaching $86.45. The company had a trading volume of 972,185 shares, compared to its average volume of 941,658. The stock has a fifty day moving average of $88.02 and a 200-day moving average of $82.10. The company has a market capitalization of $10.69 billion, a price-to-earnings ratio of 16.22, a PEG ratio of 1.40 and a beta of 0.95. SEI Investments Company has a 12-month low of $62.38 and a 12-month high of $93.96.

SEI Investments (NASDAQ:SEIC - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The asset manager reported $1.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.18 by $0.60. SEI Investments had a return on equity of 29.96% and a net margin of 31.25%. The company had revenue of $559.60 million during the quarter, compared to analysts' expectations of $550.72 million. During the same quarter last year, the firm earned $1.05 earnings per share. The firm's quarterly revenue was up 7.8% compared to the same quarter last year. On average, analysts forecast that SEI Investments Company will post 4.86 EPS for the current year.

SEI Investments Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 17th. Investors of record on Monday, June 9th were issued a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a yield of 2.3%. This is a boost 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 18.39%.

Insider Transactions at SEI Investments

In other news, insider Mark Andrew Warner sold 5,000 shares of the business's stock in a transaction dated Tuesday, July 29th. The stock was sold at an average price of $88.75, for a total value of $443,750.00. Following the completion of the sale, the insider directly owned 1,300 shares of the company's stock, valued at approximately $115,375. The trade was a 79.37% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Sanjay Sharma sold 20,000 shares of the business's stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of $83.40, for a total value of $1,668,000.00. Following the transaction, the insider owned 23,895 shares in the company, valued at $1,992,843. The trade was a 45.56% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 237,126 shares of company stock valued at $20,082,409 in the last 90 days. Insiders own 14.60% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently commented on SEIC shares. Keefe, Bruyette & Woods restated a "market perform" rating and issued a $98.00 target price (down previously from $100.00) on shares of SEI Investments in a research note on Thursday, July 24th. Raymond James Financial upped their target price on SEI Investments from $115.00 to $118.00 and gave the stock an "outperform" rating in a research note on Thursday, July 24th. Oppenheimer upped their target price on SEI Investments from $96.00 to $101.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 8th. Wall Street Zen upgraded SEI Investments from a "hold" rating to a "buy" rating in a research note on Tuesday, May 20th. Finally, Morgan Stanley restated an "overweight" rating and issued a $100.00 target price (up previously from $84.00) on shares of SEI Investments in a research note on Thursday, June 26th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, SEI Investments has a consensus rating of "Moderate Buy" and a consensus target price of $102.00.

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.