Kathmere Capital Management LLC Increases Position in SEI Investments Company $SEIC

Kathmere Capital Management LLC increased its holdings in SEI Investments Company (NASDAQ:SEIC) by 7.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 99,485 shares of the asset manager’s stock after purchasing an additional 6,551 shares during the quarter. Kathmere Capital Management LLC owned 0.08% of SEI Investments worth $7,807,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Bison Wealth LLC acquired a new position in shares of SEI Investments during the 4th quarter worth approximately $207,000. Baird Financial Group Inc. purchased a new stake in SEI Investments in the 1st quarter worth $201,000. Geneos Wealth Management Inc. increased its holdings in SEI Investments by 60.2% in 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 in the last quarter. M&T Bank Corp raised its position in SEI Investments by 11.9% during the second 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 acquired a new position in SEI Investments during the second quarter worth $280,000. Hedge funds and other institutional investors own 70.59% of the company’s stock.

Insider Buying and Selling

In other news, insider Philip Mccabe sold 15,000 shares of the company’s stock in a transaction that occurred on Thursday, April 23rd. The stock was sold at an average price of $91.82, for a total value of $1,377,300.00. Following the completion of the sale, the insider directly owned 54,884 shares in the company, valued at $5,039,448.88. This represents a 21.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, 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 value of $2,253,000.00. Following the completion of the sale, the insider directly owned 39,829 shares of the company’s stock, valued at approximately $3,589,389.48. This represents a 38.56% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 111,332 shares of company stock worth $9,908,883 in the last 90 days. Corporate insiders own 4.80% of the company’s stock.

Wall Street Analyst Weigh In

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

SEI Investments Stock Performance

Shares of SEIC opened at $91.43 on Monday. SEI Investments Company has a 52-week low of $75.08 and a 52-week high of $93.96. The stock has a market cap of $11.00 billion, a PE ratio of 15.60 and a beta of 0.97. The firm’s fifty day moving average is $89.90 and its two-hundred day moving average is $84.77. The company has a quick ratio of 4.40, a current ratio of 4.52 and a debt-to-equity ratio of 0.07.

SEI Investments (NASDAQ:SEIC) last issued its earnings results on Wednesday, April 22nd. The asset manager reported $1.44 EPS for the quarter, beating analysts’ consensus estimates of $1.29 by $0.15. The business had revenue of $622.18 million during the quarter, compared to analysts’ expectations of $641.82 million. SEI Investments had a net margin of 31.17% and a return on equity of 30.70%. The company’s quarterly revenue was up 12.9% compared to the same quarter last year. During the same period in the prior year, the business earned $1.17 earnings per share. Research analysts forecast that SEI Investments Company will post 5.89 earnings per share for the current fiscal year.

SEI Investments Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Tuesday, June 16th. Shareholders of record on Monday, June 8th were issued a $0.52 dividend. The ex-dividend date was Monday, June 8th. This represents a yield of 118.0%. SEI Investments’s dividend payout ratio is presently 17.75%.

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.