WINTON GROUP Ltd Buys Shares of 76,615 SEI Investments Company $SEIC

WINTON GROUP Ltd bought a new position in SEI Investments Company (NASDAQ:SEIC) in the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 76,615 shares of the asset manager’s stock, valued at approximately $6,284,000.

Several other institutional investors have also modified their holdings of SEIC. Bison Wealth LLC purchased a new position in shares of SEI Investments during the 4th quarter worth $207,000. Baird Financial Group Inc. purchased a new position in shares of SEI Investments during the 1st quarter worth $201,000. Geneos Wealth Management Inc. raised its holdings in shares of SEI Investments by 60.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 532 shares of the asset manager’s stock worth $41,000 after acquiring an additional 200 shares during the period. M&T Bank Corp raised its holdings in shares of SEI Investments by 11.9% during the 2nd quarter. M&T Bank Corp now owns 3,217 shares of the asset manager’s stock worth $289,000 after acquiring an additional 341 shares during the period. Finally, CW Advisors LLC purchased a new position in shares of SEI Investments during the 2nd quarter worth $280,000. Hedge funds and other institutional investors own 70.59% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on SEIC shares. Raymond James Financial restated an “outperform” rating and set a $82.00 price target on shares of SEI Investments in a report on Wednesday, April 29th. Keefe, Bruyette & Woods raised their price target on shares of SEI Investments from $95.00 to $107.00 and gave the stock an “outperform” rating in a report on Thursday, April 23rd. Morgan Stanley cut their price target on shares of SEI Investments from $119.00 to $108.00 and set an “overweight” rating for the company in a report on Thursday, April 2nd. Weiss Ratings restated a “buy (b)” rating on shares of SEI Investments in a report on Tuesday, April 21st. Finally, Piper Sandler restated an “overweight” rating and set a $105.00 price target (up from $99.00) on shares of SEI Investments in a report on Thursday, April 23rd. Seven analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $103.00.

SEI Investments Stock Up 0.9%

Shares of NASDAQ SEIC opened at $89.42 on Friday. The company has a 50 day simple moving average of $85.56 and a 200-day simple moving average of $83.52. The company has a market capitalization of $10.75 billion, a P/E ratio of 15.26 and a beta of 0.97. The company has a debt-to-equity ratio of 0.07, a current ratio of 4.52 and a quick ratio of 4.40. SEI Investments Company has a 1 year low of $75.08 and a 1 year high of $93.96.

SEI Investments (NASDAQ:SEIC) last announced its quarterly earnings results on Wednesday, April 22nd. The asset manager reported $1.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.29 by $0.15. The business had revenue of $622.18 million during the quarter, compared to the consensus estimate of $641.82 million. SEI Investments had a net margin of 31.17% and a return on equity of 30.70%. The business’s revenue was up 12.9% compared to the same quarter last year. During the same quarter last year, the firm earned $1.17 EPS. On average, equities research analysts predict that SEI Investments Company will post 5.89 earnings per share for the current year.

SEI Investments Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Tuesday, June 16th. Investors of record on Monday, June 8th will be given a dividend of $0.52 per share. The ex-dividend date of this dividend is Monday, June 8th. This represents a dividend yield of 116.0%. SEI Investments’s dividend payout ratio (DPR) is presently 17.75%.

Insider Activity

In related news, insider Sanjay Sharma sold 25,000 shares of the stock in a transaction that occurred on Thursday, April 23rd. The shares were sold at an average price of $90.12, for a total transaction of $2,253,000.00. Following the completion of the transaction, the insider owned 39,829 shares of the company’s stock, valued at approximately $3,589,389.48. This trade represents a 38.56% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Mark Andrew Warner sold 4,000 shares of the stock in a transaction that occurred on Tuesday, April 28th. The stock was sold at an average price of $91.16, for a total transaction of $364,640.00. Following the transaction, the insider directly owned 921 shares of the company’s stock, valued at $83,958.36. The trade was a 81.28% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 116,447 shares of company stock worth $9,908,539 in the last three months. 4.80% of the stock is currently owned by corporate insiders.

SEI Investments 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.