Machina Capital S.A.S. Takes $413,000 Position in SEI Investments (NASDAQ:SEIC)

Machina Capital S.A.S. bought a new stake in shares of SEI Investments (NASDAQ:SEIC - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund bought 5,003 shares of the asset manager's stock, valued at approximately $413,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Allworth Financial LP lifted its stake in 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 period. First Horizon Advisors Inc. grew its holdings in SEI Investments by 101.3% during the third quarter. First Horizon Advisors Inc. now owns 461 shares of the asset manager's stock valued at $32,000 after purchasing an additional 232 shares during the period. Point72 DIFC Ltd acquired a new position in SEI Investments during the third quarter valued at approximately $45,000. Principal Securities Inc. increased its stake in SEI Investments by 13.3% in the fourth quarter. Principal Securities Inc. now owns 1,324 shares of the asset manager's stock valued at $109,000 after purchasing an additional 155 shares in the last quarter. Finally, Global Retirement Partners LLC raised its holdings in SEI Investments by 13.2% in the fourth 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 currently owned by institutional investors.

SEI Investments Trading Down 0.5 %

Shares of SEIC stock traded down $0.34 on Wednesday, hitting $73.80. 720,953 shares of the stock were exchanged, compared to its average volume of 598,922. The firm has a market capitalization of $9.37 billion, a P/E ratio of 16.70, a price-to-earnings-growth ratio of 1.41 and a beta of 0.94. 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 moving average of $81.78 and a 200 day moving average of $77.69.

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SEI Investments (NASDAQ:SEIC - Get Free Report) last issued its quarterly earnings results on Wednesday, January 29th. The asset manager reported $1.19 earnings per share for the quarter, missing the consensus estimate 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 forecast that SEI Investments will post 4.86 EPS for the current fiscal year.

SEI Investments Increases Dividend

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on SEIC shares. Piper Sandler boosted their price target on shares of SEI Investments from $77.00 to $87.00 and gave the company a "neutral" rating in a report on Monday, December 23rd. Raymond James raised SEI Investments from a "market perform" rating to an "outperform" rating and set a $99.00 target price for the company in a research note on Thursday, January 30th. Oppenheimer raised 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. Morgan Stanley lifted their price objective on SEI Investments from $75.00 to $80.00 and gave the company an "underweight" rating in a report on Friday, January 3rd. Finally, Keefe, Bruyette & Woods reissued a "market perform" rating and set a $90.00 target price (up from $86.00) on shares of SEI Investments in a research note on Thursday, January 30th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $90.00.

Insiders Place Their Bets

In related news, Chairman Alfred P. West, Jr. sold 52,042 shares of the company's stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $85.23, for a total transaction of $4,435,539.66. Following the sale, the chairman now owns 7,232,922 shares in the company, valued at approximately $616,461,942.06. This represents a 0.71 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Mark Andrew Warner sold 5,000 shares of the company's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $80.39, for a total value of $401,950.00. Following the sale, the insider now owns 1,300 shares in the company, valued at approximately $104,507. This represents a 79.37 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 225,414 shares of company stock valued at $18,801,608 in the last three months. 14.30% of the stock is currently owned by corporate insiders.

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.