Mark Andrew Warner Sells 5,000 Shares of SEI Investments Company (NASDAQ:SEIC) Stock

Key Points

• SEI Investments Company insider Mark Andrew Warner sold 5,000 shares at an average price of $88.75, resulting in a total transaction value of $443,750, which represents a 79.37% decrease in their ownership.
• The company recently reported quarterly earnings of $1.78 per share, significantly exceeding the consensus estimate of $1.18, with a revenue of $559.60 million.
• SEI Investments announced an increase in its quarterly dividend from $0.46 to $0.49 per share, resulting in an annualized dividend of $1.96 and a yield of 2.22%.

SEI Investments Company (NASDAQ:SEIC - Get Free Report) insider Mark Andrew Warner sold 5,000 shares of the firm's stock in a transaction on Tuesday, July 29th. The stock was sold at an average price of $88.75, for a total transaction of $443,750.00. Following the completion of the sale, the insider directly owned 1,300 shares in the company, valued at approximately $115,375. This trade represents a 79.37% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

SEI Investments Trading Down 1.9%

Shares of SEI Investments stock traded down $1.67 on Friday, hitting $86.45. 972,185 shares of the company traded hands, compared to its average volume of 941,658. The company has a market cap of $10.69 billion, a PE ratio of 16.22, a PEG ratio of 1.40 and a beta of 0.95. The stock's 50 day moving average price is $88.02 and its 200-day moving average price is $82.10. SEI Investments Company has a 52 week low of $62.38 and a 52 week high of $93.96.

SEI Investments (NASDAQ:SEIC - Get Free Report) last released 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. SEI Investments had a net margin of 31.25% and a return on equity of 29.96%. The business had revenue of $559.60 million during the quarter, compared to analyst estimates of $550.72 million. During the same period in the prior year, the firm posted $1.05 earnings per share. The company's quarterly revenue was up 7.8% on a year-over-year basis. As a group, research analysts anticipate that SEI Investments Company will post 4.86 EPS for the current fiscal year.

SEI Investments Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 17th. Investors of record on Monday, June 9th were given a dividend of $0.49 per share. This is a boost from SEI Investments's previous quarterly dividend of $0.46. This represents a $1.96 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date was Monday, June 9th. SEI Investments's payout ratio is presently 18.39%.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Cadence Bank raised its position in shares of SEI Investments by 1.2% during the 1st quarter. Cadence Bank now owns 10,551 shares of the asset manager's stock worth $819,000 after purchasing an additional 121 shares during the last quarter. Ethic Inc. raised its holdings in shares of SEI Investments by 3.0% during the second quarter. Ethic Inc. now owns 4,503 shares of the asset manager's stock valued at $403,000 after acquiring an additional 133 shares during the last quarter. Fifth Third Bancorp lifted its position in shares of SEI Investments by 12.0% in the second quarter. Fifth Third Bancorp now owns 1,315 shares of the asset manager's stock valued at $118,000 after acquiring an additional 141 shares in the last quarter. Meiji Yasuda Life Insurance Co boosted its stake in shares of SEI Investments by 3.6% in the fourth quarter. Meiji Yasuda Life Insurance Co now owns 4,591 shares of the asset manager's stock worth $379,000 after acquiring an additional 160 shares during the last quarter. Finally, Concurrent Investment Advisors LLC boosted its stake in shares of SEI Investments by 2.9% in the first quarter. Concurrent Investment Advisors LLC now owns 5,600 shares of the asset manager's stock worth $435,000 after acquiring an additional 160 shares during the last quarter. 70.59% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on SEIC shares. Morgan Stanley reissued 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. 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 report on Thursday, July 24th. Raymond James Financial upped their target price on shares of SEI Investments from $115.00 to $118.00 and gave the stock an "outperform" rating in a research note on Thursday, July 24th. Oppenheimer raised their price target on shares of SEI Investments from $96.00 to $101.00 and gave the company an "outperform" rating in a research report on Tuesday, July 8th. Finally, Keefe, Bruyette & Woods restated a "market perform" rating and issued a $98.00 price objective (down from $100.00) on shares of SEI Investments in a report on Thursday, July 24th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average 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.