Oregon Public Employees Retirement Fund Has $1.65 Million Holdings in SEI Investments (NASDAQ:SEIC)

Oregon Public Employees Retirement Fund lessened its holdings in shares of SEI Investments (NASDAQ:SEIC) by 0.7% during the fourth quarter, HoldingsChannel.com reports. The firm owned 19,986 shares of the asset manager’s stock after selling 150 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in SEI Investments were worth $1,648,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently made changes to their positions in SEIC. First Horizon Advisors Inc. grew its position in shares of SEI Investments by 101.3% during the 3rd quarter. First Horizon Advisors Inc. now owns 461 shares of the asset manager’s stock worth $32,000 after purchasing an additional 232 shares in the last quarter. Allworth Financial LP grew its position in shares of SEI Investments by 53.7% during the 4th quarter. Allworth Financial LP now owns 452 shares of the asset manager’s stock worth $38,000 after purchasing an additional 158 shares in the last quarter. Point72 DIFC Ltd acquired a new position in shares of SEI Investments during the 3rd quarter worth approximately $45,000. Principal Securities Inc. grew its position in shares of SEI Investments by 13.3% during the 4th quarter. Principal Securities Inc. now owns 1,324 shares of the asset manager’s stock worth $109,000 after purchasing an additional 155 shares in the last quarter. Finally, Global Retirement Partners LLC grew its position in shares of SEI Investments by 13.2% during the 4th quarter. Global Retirement Partners LLC now owns 1,450 shares of the asset manager’s stock worth $120,000 after purchasing an additional 169 shares in the last quarter. Institutional investors and hedge funds own 70.59% of the company’s stock.

Wall Street Analyst Weigh In

SEIC has been the topic of several analyst reports. Morgan Stanley increased their price target on shares of SEI Investments from $75.00 to $80.00 and gave the stock an “underweight” rating in a research report on Friday, January 3rd. Piper Sandler increased their price target on shares of SEI Investments from $77.00 to $87.00 and gave the stock a “neutral” rating in a research report on Monday, December 23rd. Raymond James upgraded shares of SEI Investments from a “market perform” rating to an “outperform” rating and set a $99.00 price target on the stock in a research report on Thursday, January 30th. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $90.00 price target (up previously from $86.00) on shares of SEI Investments in a research report on Thursday, January 30th. Finally, Oppenheimer increased their price target on shares of SEI Investments from $85.00 to $94.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $90.00.

Insider Buying and Selling at SEI Investments

In other news, Chairman Alfred P. West, Jr. sold 19,010 shares of the firm’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $82.49, for a total transaction of $1,568,134.90. Following the completion of the transaction, the chairman now owns 7,377,506 shares of the company’s stock, valued at approximately $608,570,469.94. This trade represents a 0.26 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold 171,194 shares of company stock worth $14,579,872 over the last quarter. Corporate insiders own 14.30% of the company’s stock.

SEI Investments Price Performance

Shares of SEI Investments stock opened at $80.05 on Friday. SEI Investments has a fifty-two week low of $62.38 and a fifty-two week high of $87.25. The firm has a market capitalization of $10.16 billion, a P/E ratio of 18.11, a P/E/G ratio of 1.41 and a beta of 0.98. The company’s 50 day moving average price is $82.83 and its two-hundred day moving average price is $77.09.

SEI Investments (NASDAQ:SEIC) last issued its earnings results on Wednesday, January 29th. The asset manager reported $1.19 earnings per share for the quarter, missing analysts’ consensus estimates of $1.21 by ($0.02). SEI Investments had a net margin of 27.35% and a return on equity of 25.51%. On average, analysts expect that SEI Investments will post 4.86 earnings per share for the current year.

SEI Investments Increases Dividend

The business also recently announced a semi-annual dividend, which was paid on Wednesday, January 8th. Shareholders of record on Friday, December 27th were given a $0.49 dividend. The ex-dividend date of this dividend was Friday, December 27th. This represents a yield of 1.1%. This is a positive change from SEI Investments’s previous semi-annual dividend of $0.46. SEI Investments’s dividend payout ratio (DPR) is currently 22.17%.

About SEI Investments

SEI Investments Company is a publicly owned asset management holding company. Through its subsidiaries, the firm provides wealth management, retirement and investment solutions, asset management, asset administration, investment processing outsourcing solutions, financial services, and investment advisory services to its clients.