SEI Investments Company (NASDAQ:SEIC) Given Consensus Rating of "Moderate Buy" by Brokerages

Key Points

• SEI Investments Company (NASDAQ:SEIC) has an average rating of "Moderate Buy" from six brokerages, with a target price of $102.00.
• The company recently declared a quarterly dividend of $0.49 per share, marking an increase from the previous dividend and providing a 2.2% yield.
• Insider transactions indicate significant activity, with a total of 237,126 shares sold by insiders valued at over $20 million in the last 90 days.

Shares of SEI Investments Company (NASDAQ:SEIC - Get Free Report) have received an average rating of "Moderate Buy" from the six ratings firms that are covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $102.00.

Several equities research analysts have recently weighed in on the company. Oppenheimer raised their target price on SEI Investments from $96.00 to $101.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 8th. William Blair reissued a "market perform" rating on shares of SEI Investments in a research report on Thursday, April 24th. Raymond James Financial increased their target price on shares of SEI Investments from $115.00 to $118.00 and gave the company an "outperform" rating in a research report on Thursday, July 24th. Keefe, Bruyette & Woods reaffirmed a "market perform" rating and issued a $98.00 target price (down from $100.00) on shares of SEI Investments in a research report on Thursday, July 24th. Finally, Morgan Stanley reaffirmed an "overweight" rating and issued a $100.00 target price (up from $84.00) on shares of SEI Investments in a research report on Thursday, June 26th.

Insider Activity at SEI Investments

In other SEI Investments news, insider Sanjay Sharma sold 20,000 shares of SEI Investments stock in a transaction that occurred on 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 transaction, the insider directly owned 23,895 shares in the company, valued at approximately $1,992,843. This trade represents a 45.56% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Chairman Alfred P. West, Jr. sold 75,000 shares of SEI Investments stock in a transaction that occurred on Wednesday, May 28th. The shares were sold at an average price of $85.78, for a total value of $6,433,500.00. Following the completion of the transaction, the chairman owned 7,003,708 shares in the company, 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. Insiders have sold a total of 237,126 shares of company stock valued at $20,082,409 over the last 90 days. 14.60% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Envestnet Asset Management Inc. boosted its stake in shares of SEI Investments by 3.0% in the fourth quarter. Envestnet Asset Management Inc. now owns 406,580 shares of the asset manager's stock valued at $33,535,000 after buying an additional 11,787 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in shares of SEI Investments by 42.7% in the fourth quarter. Russell Investments Group Ltd. now owns 106,892 shares of the asset manager's stock valued at $8,817,000 after buying an additional 31,977 shares in the last quarter. FMR LLC boosted its stake in shares of SEI Investments by 39.3% in the fourth quarter. FMR LLC now owns 1,233,225 shares of the asset manager's stock valued at $101,716,000 after buying an additional 348,112 shares in the last quarter. Cerity Partners LLC boosted its stake in shares of SEI Investments by 55.3% in the fourth quarter. Cerity Partners LLC now owns 22,294 shares of the asset manager's stock valued at $1,798,000 after buying an additional 7,938 shares in the last quarter. Finally, APG Asset Management N.V. purchased a new stake in shares of SEI Investments in the fourth quarter valued at approximately $4,962,000. 70.59% of the stock is currently owned by hedge funds and other institutional investors.

SEI Investments Price Performance

SEIC stock opened at $87.50 on Friday. The firm has a market capitalization of $10.82 billion, a P/E ratio of 16.42, a P/E/G ratio of 1.39 and a beta of 0.95. The business's 50-day moving average is $88.29 and its two-hundred day moving average is $82.24. SEI Investments has a 1 year low of $64.19 and a 1 year high of $93.96.

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. The company 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%. SEI Investments's revenue for the quarter was up 7.8% compared to the same quarter last year. During the same quarter last year, the company earned $1.05 EPS. On average, analysts expect that SEI Investments will post 4.86 EPS 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 annualized dividend and a yield of 2.2%. This is a positive change 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 is presently 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.

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