SEI Investments Company (NASDAQ:SEIC) Stock Position Decreased by Royce & Associates LP

Royce & Associates LP lowered its position in shares of SEI Investments Company (NASDAQ:SEIC - Free Report) by 5.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,280,192 shares of the asset manager's stock after selling 77,047 shares during the quarter. SEI Investments comprises approximately 1.1% of Royce & Associates LP's portfolio, making the stock its 2nd biggest position. Royce & Associates LP owned 1.03% of SEI Investments worth $99,381,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. CoreFirst Bank & Trust bought a new position in shares of SEI Investments during the fourth quarter valued at $31,000. Versant Capital Management Inc increased its holdings in shares of SEI Investments by 156.1% during the first quarter. Versant Capital Management Inc now owns 543 shares of the asset manager's stock valued at $42,000 after acquiring an additional 331 shares in the last quarter. First Horizon Advisors Inc. increased its holdings in shares of SEI Investments by 38.9% during the first quarter. First Horizon Advisors Inc. now owns 803 shares of the asset manager's stock valued at $62,000 after acquiring an additional 225 shares in the last quarter. CIBC Private Wealth Group LLC increased its holdings in shares of SEI Investments by 33.8% during the fourth quarter. CIBC Private Wealth Group LLC now owns 943 shares of the asset manager's stock valued at $77,000 after acquiring an additional 238 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its holdings in shares of SEI Investments by 104.3% during the first quarter. Farther Finance Advisors LLC now owns 1,334 shares of the asset manager's stock valued at $103,000 after acquiring an additional 681 shares in the last quarter. Hedge funds and other institutional investors own 70.59% of the company's stock.

Insider Transactions at SEI Investments

In other SEI Investments news, CEO Ryan Hicke sold 21,000 shares of the firm's stock in a transaction dated Wednesday, May 14th. The stock was sold at an average price of $83.36, for a total value of $1,750,560.00. Following the transaction, the chief executive officer directly owned 171,260 shares of the company's stock, valued at approximately $14,276,233.60. This trade represents a 10.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Michael Peterson sold 50,000 shares of the firm's stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $84.27, for a total value of $4,213,500.00. Following the completion of the transaction, the executive vice president directly owned 13,500 shares in the company, valued at $1,137,645. The trade was a 78.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 232,126 shares of company stock valued at $19,638,659. Company insiders own 14.30% of the company's stock.

SEI Investments Price Performance

NASDAQ SEIC traded down $1.24 during trading hours on Monday, hitting $88.75. The company's stock had a trading volume of 978,713 shares, compared to its average volume of 872,179. SEI Investments Company has a 12 month low of $62.38 and a 12 month high of $93.96. The company's 50 day simple moving average is $87.68 and its two-hundred day simple moving average is $81.84. The company has a market cap of $11.05 billion, a P/E ratio of 16.65, a price-to-earnings-growth ratio of 1.46 and a beta of 0.92.

SEI Investments (NASDAQ:SEIC - Get Free Report) last announced 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. The business had revenue of $559.60 million for the quarter, compared to analysts' expectations of $550.72 million. SEI Investments had a return on equity of 29.96% and a net margin of 31.25%. The business's revenue for the quarter was up 7.8% on a year-over-year basis. During the same period last year, the firm posted $1.05 earnings per share. As a group, research analysts predict that SEI Investments Company will post 4.86 earnings per share 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 given a $0.49 dividend. This represents a $1.96 annualized dividend and a yield of 2.21%. This is a boost from SEI Investments's previous quarterly dividend of $0.46. The ex-dividend date of this dividend was Monday, June 9th. SEI Investments's dividend payout ratio (DPR) is presently 18.39%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on SEIC shares. Wall Street Zen upgraded SEI Investments from a "hold" rating to a "buy" rating in a report on Tuesday, May 20th. Keefe, Bruyette & Woods restated a "market perform" rating and set a $98.00 price target (down from $100.00) on shares of SEI Investments in a report on Thursday. Oppenheimer raised their price target on SEI Investments from $96.00 to $101.00 and gave the company an "outperform" rating in a report on Tuesday, July 8th. Raymond James Financial lifted their price objective on SEI Investments from $115.00 to $118.00 and gave the stock an "outperform" rating in a report on Thursday. Finally, Morgan Stanley reiterated an "overweight" rating and issued a $100.00 price objective (up from $84.00) on shares of SEI Investments in a report on Thursday, June 26th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $102.00.

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.