SEI Investments Company (NASDAQ:SEIC) Shares Purchased by Victory Capital Management Inc.

Victory Capital Management Inc. increased its position in shares of SEI Investments Company (NASDAQ:SEIC - Free Report) by 6.5% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 174,651 shares of the asset manager's stock after purchasing an additional 10,603 shares during the quarter. Victory Capital Management Inc. owned 0.14% of SEI Investments worth $13,558,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SEIC. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in shares of SEI Investments by 59.9% in the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 12,553 shares of the asset manager's stock worth $974,000 after acquiring an additional 4,701 shares during the last quarter. Janney Montgomery Scott LLC acquired a new position in shares of SEI Investments in the first quarter worth $206,000. Wealth Enhancement Advisory Services LLC raised its holdings in shares of SEI Investments by 41.6% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 21,301 shares of the asset manager's stock worth $1,654,000 after acquiring an additional 6,261 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in shares of SEI Investments by 104.3% in the first quarter. Farther Finance Advisors LLC now owns 1,334 shares of the asset manager's stock worth $103,000 after acquiring an additional 681 shares during the last quarter. Finally, Boston Trust Walden Corp raised its holdings in shares of SEI Investments by 1.5% in the first quarter. Boston Trust Walden Corp now owns 1,325,479 shares of the asset manager's stock worth $102,897,000 after acquiring an additional 19,150 shares during the last quarter. 70.59% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently commented on SEIC. William Blair reiterated a "market perform" rating on shares of SEI Investments in a research note on Thursday, April 24th. Oppenheimer upped their target price on SEI Investments from $96.00 to $101.00 and gave the company an "outperform" rating in a research note on Tuesday, July 8th. Raymond James Financial upped their target price on SEI Investments from $115.00 to $118.00 and gave the company an "outperform" rating in a research note on Thursday. Morgan Stanley reiterated an "overweight" rating and issued a $100.00 target price (up from $84.00) on shares of SEI Investments in a research note on Thursday, June 26th. Finally, Piper Sandler dropped their target price on SEI Investments from $96.00 to $93.00 and set a "neutral" rating for the company in a research note on Thursday. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $102.00.

Insider Transactions at SEI Investments

In other news, CEO Ryan Hicke sold 21,000 shares of the company'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 completion of the sale, the chief executive officer owned 171,260 shares of the company's stock, valued at $14,276,233.60. This represents a 10.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Sanjay Sharma sold 20,000 shares of the company's stock in a transaction dated 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 completion of the sale, the insider directly owned 23,895 shares of the company's stock, 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 232,126 shares of company stock worth $19,638,659 in the last three months. 14.60% of the stock is currently owned by insiders.

SEI Investments Price Performance

SEIC stock traded up $0.20 during trading on Friday, reaching $89.99. 1,205,396 shares of the stock traded hands, compared to its average volume of 937,867. The business's 50 day moving average price is $87.68 and its 200-day moving average price is $81.83. SEI Investments Company has a 52-week low of $62.38 and a 52-week high of $93.96. The firm has a market capitalization of $11.20 billion, a PE ratio of 16.88, a P/E/G ratio of 1.53 and a beta of 0.92.

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

SEI Investments Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 17th. Shareholders of record on Monday, June 9th were given a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 2.18%. The ex-dividend date of this dividend was Monday, June 9th. This is an increase from SEI Investments's previous quarterly dividend of $0.46. SEI Investments's payout ratio is 18.39%.

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.