5,824 Shares in SEI Investments Company $SEIC Bought by Vise Technologies Inc.

Vise Technologies Inc. acquired a new stake in SEI Investments Company (NASDAQ:SEIC) during the 2nd quarter, Holdings Channel reports. The institutional investor acquired 5,824 shares of the asset manager’s stock, valued at approximately $511,000.

A number of other large investors also recently bought and sold shares of SEIC. Commerce Bank lifted its stake in shares of SEI Investments by 1.3% in 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 during the period. Root Financial Partners LLC increased its stake in shares of SEI Investments by 40.8% during the first quarter. Root Financial Partners LLC now owns 487 shares of the asset manager’s stock worth $38,000 after acquiring an additional 141 shares during the period. Focus Partners Advisor Solutions LLC increased its stake in shares of SEI Investments by 1.2% during the fourth quarter. Focus Partners Advisor Solutions LLC now owns 11,957 shares of the asset manager’s stock worth $981,000 after acquiring an additional 141 shares during the period. Glenmede Trust Co. NA raised its holdings in 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 in the last quarter. Finally, Elevation Wealth Partners LLC raised its holdings in SEI Investments by 96.8% during 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. Hedge funds and other institutional investors own 70.59% of the company’s stock.

SEI Investments Price Performance

Shares of NASDAQ:SEIC opened at $110.75 on Tuesday. The business’s 50 day simple moving average is $98.41 and its 200-day simple moving average is $88.96. The firm has a market capitalization of $13.29 billion, a price-to-earnings ratio of 19.53 and a beta of 0.96. 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 Company has a 12 month low of $75.08 and a 12 month high of $111.90.

SEI Investments (NASDAQ:SEIC) last released its quarterly earnings data on Wednesday, July 22nd. The asset manager reported $1.66 earnings per share for the quarter, beating the consensus estimate of $1.44 by $0.22. The firm had revenue of $641.62 million during the quarter, compared to the consensus estimate of $636.35 million. SEI Investments had a return on equity of 29.16% and a net margin of 28.85%.SEI Investments’s quarterly revenue was up 14.7% on a year-over-year basis. During the same period last year, the business posted $1.78 EPS. As a group, 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 announced a dividend, which was paid on Tuesday, June 16th. Shareholders of record on Monday, June 8th were given a dividend of $0.52 per share. The ex-dividend date was Monday, June 8th. This represents a yield of 118.0%. SEI Investments’s payout ratio is presently 18.34%.

Insider Activity at SEI Investments

In other SEI Investments news, insider Philip Mccabe sold 24,957 shares of the company’s stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $105.04, for a total value of $2,621,483.28. Following the sale, the insider owned 54,884 shares of the company’s stock, valued at $5,765,015.36. This represents a 31.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Kathryn Mccarthy sold 10,000 shares of the stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $103.53, for a total transaction of $1,035,300.00. Following the completion of the sale, the director owned 77,883 shares in the company, valued at $8,063,226.99. This represents a 11.38% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 142,332 shares of company stock valued at $13,745,813 in the last quarter. 4.80% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

SEIC has been the topic of a number of analyst reports. Raymond James Financial lifted their price objective on SEI Investments from $122.00 to $124.00 and gave the company an “outperform” rating in a report on Monday, July 6th. Zacks Research raised SEI Investments from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 23rd. UBS Group reissued a “buy” rating and issued a $125.00 price target on shares of SEI Investments in a report on Thursday, July 23rd. Morgan Stanley lifted their price target on SEI Investments from $115.00 to $125.00 and gave the company an “overweight” rating in a research note on Thursday, July 23rd. Finally, Keefe, Bruyette & Woods upped their price objective on SEI Investments from $113.00 to $119.00 and gave the stock an “outperform” rating in a 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. According to data from MarketBeat.com, SEI Investments presently has a consensus rating of “Buy” and an average price target of $122.60.

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.