Headlands Technologies LLC Has $1.19 Million Position in SEI Investments Company (NASDAQ:SEIC)

Key Points

• Headlands Technologies LLC significantly increased its stake in SEI Investments Company by 411.4%, owning 15,281 shares valued at approximately $1.19 million as of the end of the most recent quarter.
• SEI Investments recently reported earnings per share (EPS) of $1.78, exceeding analysts' estimates by $0.60, and demonstrated a year-over-year revenue growth of 7.8%.
• The company declared a quarterly dividend of $0.49, representing an increase from the previous dividend of $0.46, with a current dividend yield of 2.3% and a payout ratio of 18.39%.

Headlands Technologies LLC increased its position in SEI Investments Company (NASDAQ:SEIC - Free Report) by 411.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,281 shares of the asset manager's stock after purchasing an additional 12,293 shares during the quarter. Headlands Technologies LLC's holdings in SEI Investments were worth $1,186,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in SEIC. Ontario Teachers Pension Plan Board boosted its stake in SEI Investments by 75.3% during the 1st quarter. Ontario Teachers Pension Plan Board now owns 15,697 shares of the asset manager's stock valued at $1,219,000 after acquiring an additional 6,742 shares during the last quarter. Deutsche Bank AG increased its holdings in shares of SEI Investments by 41.9% in the 1st quarter. Deutsche Bank AG now owns 216,212 shares of the asset manager's stock worth $16,785,000 after acquiring an additional 63,810 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of SEI Investments by 0.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 671,672 shares of the asset manager's stock worth $52,142,000 after acquiring an additional 3,339 shares during the period. iA Global Asset Management Inc. increased its holdings in shares of SEI Investments by 12.4% in the 1st quarter. iA Global Asset Management Inc. now owns 1,835 shares of the asset manager's stock worth $142,000 after acquiring an additional 202 shares during the period. Finally, Atria Wealth Solutions Inc. acquired a new stake in shares of SEI Investments in the 1st quarter worth about $287,000. 70.59% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on SEIC. Wall Street Zen raised shares of SEI Investments from a "hold" rating to a "buy" rating in a report on Tuesday, May 20th. Keefe, Bruyette & Woods reiterated a "market perform" rating and issued a $98.00 target price (down previously from $100.00) on shares of SEI Investments in a research report on Thursday, July 24th. Morgan Stanley reiterated an "overweight" rating and issued a $100.00 target price (up previously from $84.00) on shares of SEI Investments in a research report on Thursday, June 26th. William Blair reiterated a "market perform" rating on shares of SEI Investments in a research report on Thursday, April 24th. Finally, Piper Sandler decreased their target price on shares of SEI Investments from $96.00 to $93.00 and set a "neutral" rating for the company in a research report on Thursday, July 24th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, SEI Investments has an average rating of "Moderate Buy" and an average price target of $102.00.

SEI Investments Stock Performance

Shares of NASDAQ:SEIC traded down $0.07 during trading hours on Monday, hitting $87.43. 279,333 shares of the company's stock traded hands, compared to its average volume of 859,908. SEI Investments Company has a 52 week low of $64.19 and a 52 week high of $93.96. The company's fifty day simple moving average is $88.29 and its two-hundred day simple moving average is $82.23. The company has a market cap of $10.81 billion, a price-to-earnings ratio of 16.40, a price-to-earnings-growth ratio of 1.39 and a beta of 0.95.

SEI Investments (NASDAQ:SEIC - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The asset manager reported $1.78 earnings per share 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 analyst estimates of $550.72 million. During the same quarter last year, the firm posted $1.05 EPS. The business's revenue for the quarter was up 7.8% on a year-over-year basis. On average, analysts anticipate that SEI Investments Company will post 4.86 EPS for the current fiscal year.

SEI Investments Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 17th. Shareholders of record on Monday, June 9th were issued a $0.49 dividend. The ex-dividend date was Monday, June 9th. This is a positive change from SEI Investments's previous quarterly dividend of $0.46. This represents a $1.96 annualized dividend and a dividend yield of 2.2%. SEI Investments's dividend payout ratio is 18.39%.

Insider Buying and Selling

In other news, insider Mark Andrew Warner sold 5,000 shares of the stock in a transaction that occurred on Tuesday, July 29th. The shares were 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 $115,375. This represents a 79.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Alfred P. West, Jr. sold 75,000 shares of the stock in a transaction that occurred on Wednesday, May 28th. The stock was sold at an average price of $85.78, for a total transaction of $6,433,500.00. Following the completion of the sale, the chairman directly owned 7,003,708 shares of the company's stock, valued at $600,778,072.24. This trade represents a 1.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 237,126 shares of company stock valued at $20,082,409. Company insiders own 14.60% of the company's stock.

SEI Investments 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.