Machina Capital S.A.S. Purchases New Shares in SEI Investments (NASDAQ:SEIC)

Machina Capital S.A.S. purchased a new stake in SEI Investments (NASDAQ:SEIC) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 5,003 shares of the asset manager’s stock, valued at approximately $413,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Boston Trust Walden Corp lifted its position in SEI Investments by 1.6% during the fourth quarter. Boston Trust Walden Corp now owns 1,306,329 shares of the asset manager’s stock valued at $107,746,000 after buying an additional 20,020 shares during the period. Longboard Asset Management LP purchased a new position in SEI Investments during the fourth quarter valued at $267,000. CHURCHILL MANAGEMENT Corp purchased a new position in SEI Investments during the fourth quarter valued at $1,818,000. Lecap Asset Management Ltd. purchased a new position in SEI Investments during the fourth quarter valued at $480,000. Finally, Bank of New York Mellon Corp lifted its position in SEI Investments by 4.1% during the fourth quarter. Bank of New York Mellon Corp now owns 1,171,743 shares of the asset manager’s stock valued at $96,645,000 after buying an additional 46,425 shares during the period. Hedge funds and other institutional investors own 70.59% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Oppenheimer lifted their price target on SEI Investments from $85.00 to $94.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 7th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $90.00 price target (up previously from $86.00) on shares of SEI Investments in a research report on Thursday, January 30th. Piper Sandler lifted their price target on 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 raised SEI Investments from a “market perform” rating to an “outperform” rating and set a $99.00 price target for the company in a research report on Thursday, January 30th. Finally, Morgan Stanley lifted their price target on SEI Investments from $75.00 to $80.00 and gave the stock an “underweight” rating in a research report on Friday, January 3rd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, SEI Investments presently has a consensus rating of “Hold” and an average target price of $90.00.

Insiders Place Their Bets

In other SEI Investments news, insider Mark Andrew Warner sold 5,000 shares of the company’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $80.39, for a total value of $401,950.00. Following the completion of the sale, the insider now owns 1,300 shares in the company, valued at $104,507. This represents a 79.37 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Chairman Alfred P. West, Jr. sold 1,372 shares of the firm’s stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $76.28, for a total value of $104,656.16. Following the completion of the transaction, the chairman now directly owns 7,078,708 shares in the company, valued at $539,963,846.24. This trade represents a 0.02 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 225,414 shares of company stock valued at $18,801,608. 14.30% of the stock is owned by insiders.

SEI Investments Stock Performance

Shares of NASDAQ:SEIC opened at $75.77 on Friday. SEI Investments has a fifty-two week low of $62.38 and a fifty-two week high of $87.25. The business has a 50-day simple moving average of $82.11 and a two-hundred day simple moving average of $77.52. The firm has a market cap of $9.62 billion, a price-to-earnings ratio of 17.14, a price-to-earnings-growth ratio of 1.41 and a beta of 0.94.

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 return on equity of 25.51% and a net margin of 27.35%. As a group, research analysts predict that SEI Investments will post 4.86 earnings per share for the current year.

SEI Investments Increases Dividend

The firm 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. This is a positive change from SEI Investments’s previous semi-annual dividend of $0.46. The ex-dividend date was Friday, December 27th. This represents a yield of 1.1%. SEI Investments’s payout ratio is 22.17%.

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.