SEI Investments (NASDAQ:SEIC) Shares Sold by Versor Investments LP

Versor Investments LP trimmed its position in SEI Investments (NASDAQ:SEIC) by 86.6% during the fourth quarter, Holdings Channel.com reports. The firm owned 4,729 shares of the asset manager’s stock after selling 30,656 shares during the period. Versor Investments LP’s holdings in SEI Investments were worth $390,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of SEIC. Allworth Financial LP raised its position in shares of SEI Investments by 53.7% in the fourth quarter. Allworth Financial LP now owns 452 shares of the asset manager’s stock valued at $38,000 after buying an additional 158 shares during the last quarter. First Horizon Advisors Inc. grew its stake in SEI Investments by 101.3% in the 3rd quarter. First Horizon Advisors Inc. now owns 461 shares of the asset manager’s stock worth $32,000 after acquiring an additional 232 shares during the period. Point72 DIFC Ltd purchased a new stake in SEI Investments in the 3rd quarter worth approximately $45,000. Principal Securities Inc. raised its holdings in SEI Investments by 13.3% in the 4th quarter. Principal Securities Inc. now owns 1,324 shares of the asset manager’s stock valued at $109,000 after acquiring an additional 155 shares during the last quarter. Finally, Global Retirement Partners LLC lifted its stake 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 during the period. 70.59% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

SEI Investments Price Performance

SEI Investments stock opened at $80.05 on Monday. The company has a market cap of $10.16 billion, a price-to-earnings ratio of 18.11, a price-to-earnings-growth ratio of 1.41 and a beta of 0.98. SEI Investments has a 12 month low of $62.38 and a 12 month high of $87.25. The stock’s 50-day moving average is $82.83 and its 200-day moving average is $77.25.

SEI Investments (NASDAQ:SEIC) last posted its quarterly earnings results on Wednesday, January 29th. The asset manager reported $1.19 EPS for the quarter, missing the consensus estimate of $1.21 by ($0.02). SEI Investments had a net margin of 27.35% and a return on equity of 25.51%. Research analysts anticipate that SEI Investments will post 4.86 EPS for the current year.

SEI Investments Increases Dividend

The firm also recently announced a semi-annual dividend, which was paid on Wednesday, January 8th. Investors of record on Friday, December 27th were issued a dividend of $0.49 per share. This is a positive change from SEI Investments’s previous semi-annual dividend of $0.46. The ex-dividend date of this dividend was Friday, December 27th. This represents a dividend yield of 1.1%. SEI Investments’s payout ratio is presently 22.17%.

Insider Buying and Selling

In other SEI Investments news, Chairman Alfred P. West, Jr. sold 5,984 shares of the business’s stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $84.23, for a total transaction of $504,032.32. Following the transaction, the chairman now owns 7,371,522 shares in the company, valued at $620,903,298.06. The trade was a 0.08 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In the last three months, insiders sold 171,194 shares of company stock valued at $14,579,872. Company insiders own 14.30% of the company’s stock.

SEI Investments Company Profile

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.