Dimensional Fund Advisors LP increased its stake in SEI Investments (NASDAQ:SEIC) by 0.7% in the 1st quarter, Holdings Channel reports. The firm owned 509,674 shares of the asset manager’s stock after purchasing an additional 3,756 shares during the period. Dimensional Fund Advisors LP’s holdings in SEI Investments were worth $38,180,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds also recently bought and sold shares of SEIC. Icon Wealth Partners LLC acquired a new stake in SEI Investments in the 4th quarter worth approximately $121,000. Woodard & Co. Asset Management Group Inc. ADV acquired a new stake in SEI Investments in the 4th quarter worth approximately $122,000. IFP Advisors Inc lifted its holdings in SEI Investments by 135.3% in the 1st quarter. IFP Advisors Inc now owns 1,746 shares of the asset manager’s stock worth $131,000 after purchasing an additional 1,004 shares during the last quarter. Cape Cod Five Cents Savings Bank acquired a new stake in SEI Investments in the 1st quarter worth approximately $208,000. Finally, Two Sigma Securities LLC acquired a new stake in SEI Investments in the 4th quarter worth approximately $212,000. Hedge funds and other institutional investors own 70.02% of the company’s stock.
In other news, insider Joseph P. Ujobai sold 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 12th. The stock was sold at an average price of $66.52, for a total transaction of $1,330,400.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 17.30% of the stock is owned by insiders.
Several research firms recently weighed in on SEIC. BidaskClub upgraded SEI Investments from a “buy” rating to a “strong-buy” rating in a report on Thursday, March 22nd. Zacks Investment Research lowered SEI Investments from a “buy” rating to a “hold” rating in a report on Tuesday, March 6th. Sandler O’Neill set a $81.00 price target on SEI Investments and gave the stock a “buy” rating in a report on Tuesday, April 10th. Finally, William Blair lowered SEI Investments from an “outperform” rating to a “market perform” rating in a report on Thursday, April 12th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $75.00.
Shares of SEI Investments opened at $63.15 on Tuesday, MarketBeat Ratings reports. SEI Investments has a 12 month low of $52.20 and a 12 month high of $78.35. The company has a market cap of $9.88 billion, a PE ratio of 27.22, a price-to-earnings-growth ratio of 1.67 and a beta of 1.25. The company has a debt-to-equity ratio of 0.01, a current ratio of 6.43 and a quick ratio of 6.31.
SEI Investments (NASDAQ:SEIC) last issued its quarterly earnings results on Wednesday, April 25th. The asset manager reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $0.10. SEI Investments had a return on equity of 29.07% and a net margin of 28.97%. The company had revenue of $405.60 million during the quarter, compared to analyst estimates of $408.10 million. During the same period in the previous year, the company earned $0.55 earnings per share. The company’s quarterly revenue was up 12.7% compared to the same quarter last year. equities analysts anticipate that SEI Investments will post 3.13 earnings per share for the current fiscal year.
SEI Investments declared that its Board of Directors has approved a share repurchase program on Wednesday, May 30th that allows the company to buyback $200.00 million in shares. This buyback authorization allows the asset manager to repurchase up to 1.9% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.
The firm also recently declared a semiannual dividend, which was paid on Friday, June 22nd. Stockholders of record on Thursday, June 14th were issued a dividend of $0.30 per share. The ex-dividend date was Wednesday, June 13th. This represents a dividend yield of 0.94%. SEI Investments’s dividend payout ratio (DPR) is presently 25.86%.
SEI Investments Profile
SEI Investments Co 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.
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