SEI Investments (NASDAQ:SEIC) Share Price Crosses Above Two Hundred Day Moving Average - Time to Sell?

Key Points

• SEI Investments shares rose above their 200-day moving average, trading near $106.38 versus the $88.04 long-term average, signaling strong recent momentum.
• Analysts maintain a favorable outlook, with a consensus “Buy” rating and an average price target of $122.60; several firms recently raised their targets to between $119 and $125.
• The company exceeded quarterly earnings expectations, reporting $1.66 in EPS versus $1.44 forecast and 14.7% year-over-year revenue growth, though insiders sold more than $13.7 million of stock during the last quarter.

SEI Investments Company (NASDAQ:SEIC - Get Free Report) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $88.04 and traded as high as $106.91. SEI Investments shares last traded at $106.38, with a volume of 362,155 shares traded.

Wall Street Analyst Weigh In

SEIC has been the topic of a number of research reports. Piper Sandler raised their target price on shares of SEI Investments from $114.00 to $120.00 and gave the company an "overweight" rating in a research note on Thursday, July 23rd. Zacks Research upgraded SEI Investments from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 23rd. Keefe, Bruyette & Woods raised their price objective on SEI Investments from $113.00 to $119.00 and gave the company an "outperform" rating in a research report on Thursday, July 23rd. Weiss Ratings restated a "buy (b)" rating on shares of SEI Investments in a research note on Friday, July 17th. Finally, UBS Group reaffirmed a "buy" rating and issued a $125.00 target price on shares of SEI Investments in a research report on Thursday, July 23rd. One analyst has rated the stock with a Strong Buy rating and six have given a Buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of $122.60.

SEI Investments Trading Down 0.0%

The firm has a market capitalization of $12.77 billion, a price-to-earnings ratio of 18.76 and a beta of 0.96. The business's 50-day moving average price is $96.15 and its 200 day moving average price is $88.04. The company has a debt-to-equity ratio of 0.06, a current ratio of 5.06 and a quick ratio of 4.96.

SEI Investments (NASDAQ:SEIC - Get Free Report) last released its quarterly earnings results on Wednesday, July 22nd. The asset manager reported $1.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.44 by $0.22. The firm had revenue of $641.62 million for the quarter, compared to the consensus estimate of $636.35 million. SEI Investments had a net margin of 28.85% and a return on equity of 29.16%. The firm's quarterly revenue was up 14.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.78 EPS. On average, equities analysts forecast that SEI Investments Company will post 6.2 earnings per share for the current fiscal year.

SEI Investments Announces Dividend

The firm also recently declared a dividend, which was paid on Tuesday, June 16th. Investors of record on Monday, June 8th were issued a $0.52 dividend. The ex-dividend date of this dividend was Monday, June 8th. This represents a yield of 118.0%. SEI Investments's dividend payout ratio is currently 18.34%.

Insider Activity

In other SEI Investments news, insider Mark Andrew Warner sold 15,000 shares of SEI Investments stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $102.35, for a total transaction of $1,535,250.00. Following the sale, the insider directly owned 921 shares in the company, valued at $94,264.35. The trade was a 94.22% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Philip Mccabe sold 5,043 shares of the company's stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $105.50, for a total value of $532,036.50. Following the completion of the transaction, the insider directly owned 54,884 shares in the company, valued at approximately $5,790,262. The trade was a 8.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 142,332 shares of company stock worth $13,745,813 over the last quarter. Corporate insiders own 4.80% of the company's stock.

Institutional Trading of SEI Investments

Several institutional investors have recently added to or reduced their stakes in the stock. Commerce Bank grew its holdings in SEI Investments by 1.3% during the 4th quarter. Commerce Bank now owns 10,060 shares of the asset manager's stock worth $825,000 after acquiring an additional 133 shares in the last quarter. Root Financial Partners LLC raised its stake in shares of SEI Investments by 40.8% in the 1st quarter. Root Financial Partners LLC now owns 487 shares of the asset manager's stock valued at $38,000 after purchasing an additional 141 shares in the last quarter. Focus Partners Advisor Solutions LLC raised its stake in shares of SEI Investments by 1.2% in the 4th quarter. Focus Partners Advisor Solutions LLC now owns 11,957 shares of the asset manager's stock valued at $981,000 after purchasing an additional 141 shares in the last quarter. Glenmede Trust Co. NA lifted its position in shares of SEI Investments by 1.2% during the first quarter. Glenmede Trust Co. NA now owns 12,296 shares of the asset manager's stock worth $965,000 after purchasing an additional 149 shares during the last quarter. Finally, Elevation Wealth Partners LLC grew its stake in SEI Investments by 96.8% in the second quarter. Elevation Wealth Partners LLC now owns 309 shares of the asset manager's stock worth $27,000 after purchasing an additional 152 shares in the last quarter. 70.59% of the stock is owned by institutional investors and hedge funds.

SEI Investments Company Profile

SEI Investments Company is a global provider of asset management, investment processing, and investment operations solutions. The firm offers a range of services designed to help financial institutions, private banks, wealth managers and family offices streamline back-office functions and enhance front-office capabilities. SEI's technology platforms support various stages of the investment lifecycle, including trade execution, performance reporting, risk analytics and client communications.

The company's core offerings include outsourced fund administration, custody and trust services, managed account solutions, and wealth management technology.

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