SEI Investments Company $SEIC Shares Purchased by Caisse DE Depot ET Placement DU Quebec

Key Points

• Caisse DE Depot ET Placement DU Quebec increased its stake in SEI Investments Company by 38.5%, now holding 737,247 shares valued at approximately $57.2 million.
• SEI Investments has received several positive analyst ratings, with target prices ranging from $96 to $118, indicating a consensus rating of "Moderate Buy."
• The company recently increased its quarterly dividend to $0.49 per share, marking a rise from the previous $0.46 and highlighting a solid dividend yield of 2.2%.

Caisse DE Depot ET Placement DU Quebec grew its position in SEI Investments Company (NASDAQ:SEIC - Free Report) by 38.5% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 737,247 shares of the asset manager's stock after purchasing an additional 204,911 shares during the quarter. Caisse DE Depot ET Placement DU Quebec owned approximately 0.59% of SEI Investments worth $57,232,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Versant Capital Management Inc raised its holdings in shares of SEI Investments by 156.1% in the 1st quarter. Versant Capital Management Inc now owns 543 shares of the asset manager's stock worth $42,000 after acquiring an additional 331 shares during the last quarter. First Horizon Advisors Inc. boosted its position in SEI Investments by 38.9% during the first quarter. First Horizon Advisors Inc. now owns 803 shares of the asset manager's stock worth $62,000 after purchasing an additional 225 shares during the period. Farther Finance Advisors LLC boosted its position 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 valued at $103,000 after acquiring an additional 681 shares during the period. Cullen Frost Bankers Inc. boosted its position in shares of SEI Investments by 1,563.4% in the first quarter. Cullen Frost Bankers Inc. now owns 1,364 shares of the asset manager's stock valued at $106,000 after acquiring an additional 1,282 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. bought a new position in shares of SEI Investments in the first quarter valued at approximately $132,000. Institutional investors own 70.59% of the company's stock.

Insider Transactions at SEI Investments

In other news, insider Mark Andrew Warner sold 5,000 shares of the company's stock in a transaction dated Tuesday, July 29th. The shares were sold at an average price of $88.75, for a total transaction of $443,750.00. Following the transaction, the insider owned 1,300 shares in the company, valued at $115,375. This represents a 79.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Ryan Hicke sold 35,000 shares of the company's stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $88.30, for a total transaction of $3,090,500.00. Following the transaction, the chief executive officer owned 171,260 shares in the company, valued at approximately $15,122,258. This trade represents a 16.97% decrease in their position. The disclosure for this sale can be found here. 14.60% of the stock is owned by company insiders.

SEI Investments Trading Down 0.6%

Shares of SEI Investments stock traded down $0.57 during trading on Friday, hitting $88.28. 703,792 shares of the stock traded hands, compared to its average volume of 837,382. The firm has a market cap of $10.91 billion, a P/E ratio of 16.56, a price-to-earnings-growth ratio of 1.40 and a beta of 0.95. SEI Investments Company has a 52-week low of $64.66 and a 52-week high of $93.96. The stock's fifty day simple moving average is $89.59 and its 200 day simple moving average is $82.62.

SEI Investments (NASDAQ:SEIC - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The asset manager reported $1.78 EPS for the quarter, beating the consensus estimate of $1.18 by $0.60. The firm had revenue of $559.60 million for the quarter, compared to analyst estimates 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 quarter last year, the firm posted $1.05 earnings per share. As a group, equities analysts expect that SEI Investments Company will post 4.86 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Raymond James Financial increased their target price on SEI Investments from $115.00 to $118.00 and gave the company an "outperform" rating in a report on Thursday, July 24th. Wall Street Zen upgraded shares of SEI Investments from a "hold" rating to a "buy" rating in a report on Tuesday, May 20th. Oppenheimer upped their price target on shares of SEI Investments from $96.00 to $101.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 8th. Keefe, Bruyette & Woods reissued 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. Finally, Piper Sandler cut their price target on SEI Investments from $96.00 to $93.00 and set a "neutral" rating for the company in a report on Thursday, July 24th. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $102.00.

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.