Boston Trust Walden Corp Has $81.59 Million Holdings in SEI Investments Company $SEIC

Boston Trust Walden Corp cut its position in SEI Investments Company (NASDAQ:SEIC) by 4.2% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 1,039,731 shares of the asset manager’s stock after selling 45,059 shares during the period. Boston Trust Walden Corp’s holdings in SEI Investments were worth $81,588,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Community Bank N.A. acquired a new stake in SEI Investments in the third quarter valued at $35,000. Allworth Financial LP grew its position in shares of SEI Investments by 44.0% in the 3rd quarter. Allworth Financial LP now owns 432 shares of the asset manager’s stock valued at $37,000 after acquiring an additional 132 shares during the period. CIBC Private Wealth Group LLC increased its stake in shares of SEI Investments by 353.1% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 435 shares of the asset manager’s stock worth $37,000 after purchasing an additional 339 shares during the last quarter. Root Financial Partners LLC increased its stake in shares of SEI Investments by 40.8% during the 1st quarter. Root Financial Partners LLC now owns 487 shares of the asset manager’s stock worth $38,000 after purchasing an additional 141 shares during the last quarter. Finally, Geneos Wealth Management Inc. raised its holdings in shares of SEI Investments by 60.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 532 shares of the asset manager’s stock valued at $41,000 after purchasing an additional 200 shares during the period. 70.59% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at SEI Investments

In other SEI Investments news, Chairman Alfred P. West, Jr. sold 50,000 shares of SEI Investments stock in a transaction dated Friday, June 26th. The shares were sold at an average price of $87.25, for a total value of $4,362,500.00. Following the completion of the sale, the chairman owned 6,825,783 shares in the company, valued at $595,549,566.75. The trade was a 0.73% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Philip Mccabe sold 15,000 shares of the business’s stock in a transaction dated Thursday, April 23rd. The shares were sold at an average price of $91.82, for a total transaction of $1,377,300.00. Following the completion of the sale, the insider directly owned 54,884 shares of the company’s stock, valued at $5,039,448.88. This represents a 21.46% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 111,332 shares of company stock valued at $9,908,883 in the last quarter. Company insiders own 4.80% of the company’s stock.

SEI Investments Stock Performance

Shares of NASDAQ SEIC opened at $91.43 on Friday. The company has a debt-to-equity ratio of 0.07, a current ratio of 4.52 and a quick ratio of 4.40. The stock’s fifty day moving average price is $89.76 and its two-hundred day moving average price is $84.70. SEI Investments Company has a one year low of $75.08 and a one year high of $93.96. The firm has a market cap of $11.00 billion, a price-to-earnings ratio of 15.60 and a beta of 0.97.

SEI Investments (NASDAQ:SEIC) last posted its earnings results on Wednesday, April 22nd. The asset manager reported $1.44 earnings per share for the quarter, topping analysts’ consensus estimates of $1.29 by $0.15. The company had revenue of $622.18 million during the quarter, compared to the consensus estimate of $641.82 million. SEI Investments had a return on equity of 30.70% and a net margin of 31.17%.The company’s revenue was up 12.9% on a year-over-year basis. During the same quarter last year, the firm earned $1.17 earnings per share. On average, equities analysts forecast that SEI Investments Company will post 5.89 EPS for the current 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 given a dividend of $0.52 per share. This represents a yield of 118.0%. The ex-dividend date of this dividend was Monday, June 8th. SEI Investments’s dividend payout ratio (DPR) is currently 17.75%.

Analyst Upgrades and Downgrades

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

About SEI Investments

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.