Versor Investments LP Has $390,000 Stock Holdings in SEI Investments (NASDAQ:SEIC)

Versor Investments LP lowered its stake in SEI Investments (NASDAQ:SEIC - Free Report) by 86.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,729 shares of the asset manager's stock after selling 30,656 shares during the quarter. Versor Investments LP's holdings in SEI Investments were worth $390,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of SEIC. Allworth Financial LP boosted 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 worth $38,000 after buying an additional 158 shares during the period. First Horizon Advisors Inc. boosted its position in 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 acquiring an additional 232 shares during the period. Point72 DIFC Ltd purchased a new position in SEI Investments during the 3rd quarter valued at about $45,000. Principal Securities Inc. lifted its position in shares of SEI Investments by 13.3% in the fourth 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 boosted its holdings in shares of SEI Investments by 13.2% during 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. Institutional investors and hedge funds own 70.59% of the company's stock.

Insider Buying and Selling

In other news, Chairman Alfred P. West, Jr. sold 19,010 shares of the firm's stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $82.49, for a total value of $1,568,134.90. Following the sale, the chairman now directly 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders have sold 171,194 shares of company stock worth $14,579,872 in the last quarter. 14.30% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on SEIC shares. Morgan Stanley upped their price objective on shares of SEI Investments from $75.00 to $80.00 and gave the company an "underweight" rating in a research note on Friday, January 3rd. Raymond James upgraded SEI Investments from a "market perform" rating to an "outperform" rating and set a $99.00 price objective for the company in a report on Thursday, January 30th. Oppenheimer boosted their target price on SEI Investments from $85.00 to $94.00 and gave the company an "outperform" rating in a research note on Tuesday, January 7th. Piper Sandler raised their price target on SEI Investments from $77.00 to $87.00 and gave the stock a "neutral" rating in a research note on Monday, December 23rd. Finally, Keefe, Bruyette & Woods reiterated a "market perform" rating and set a $90.00 price target (up from $86.00) on shares of SEI Investments in a report on Thursday, January 30th. One 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 stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $90.00.

SEI Investments Trading Down 1.2 %

NASDAQ SEIC traded down $1.00 during trading on Monday, hitting $79.05. 913,876 shares of the company traded hands, compared to its average volume of 595,354. SEI Investments has a 12 month low of $62.38 and a 12 month high of $87.25. The business has a fifty day simple moving average of $82.74 and a 200 day simple moving average of $77.33. The company has a market capitalization of $10.04 billion, a P/E ratio of 17.88, a PEG ratio of 1.41 and a beta of 0.98.

SEI Investments (NASDAQ:SEIC - Get Free Report) last issued its quarterly earnings data 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%. Equities research analysts predict that SEI Investments will post 4.86 EPS for the current fiscal year.

SEI Investments Increases Dividend

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

SEI Investments 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.