Nisa Investment Advisors LLC Cuts Holdings in SEI Investments (SEIC)

Nisa Investment Advisors LLC lowered its holdings in shares of SEI Investments (NASDAQ:SEIC) by 1.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 66,552 shares of the asset manager’s stock after selling 1,017 shares during the period. Nisa Investment Advisors LLC’s holdings in SEI Investments were worth $4,782,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Invictus RG acquired a new position in SEI Investments during the third quarter worth about $111,000. Pacer Advisors Inc. raised its position in SEI Investments by 8.2% during the second quarter. Pacer Advisors Inc. now owns 2,675 shares of the asset manager’s stock worth $144,000 after acquiring an additional 203 shares during the last quarter. Meeder Asset Management Inc. raised its position in SEI Investments by 7,575.0% during the third quarter. Meeder Asset Management Inc. now owns 2,456 shares of the asset manager’s stock worth $150,000 after acquiring an additional 2,424 shares during the last quarter. D.A. Davidson & CO. raised its position in SEI Investments by 9.3% during the second quarter. D.A. Davidson & CO. now owns 2,983 shares of the asset manager’s stock worth $160,000 after acquiring an additional 253 shares during the last quarter. Finally, Legacy Advisors LLC acquired a new position in SEI Investments during the third quarter worth about $180,000. Institutional investors own 70.46% of the company’s stock.

In other news, major shareholder Alfred P. West, Jr. sold 50,000 shares of the business’s stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $64.64, for a total value of $3,232,000.00. Following the completion of the transaction, the insider now owns 10,619,272 shares of the company’s stock, valued at $686,429,742.08. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider N Jeffrey Klauder sold 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $68.39, for a total transaction of $1,367,800.00. Following the completion of the transaction, the insider now directly owns 62,194 shares of the company’s stock, valued at approximately $4,253,447.66. The disclosure for this sale can be found here. In the last three months, insiders sold 136,250 shares of company stock valued at $9,057,050. Company insiders own 16.50% of the company’s stock.

A number of equities analysts have issued reports on the stock. Zacks Investment Research upgraded shares of SEI Investments from a “hold” rating to a “strong-buy” rating and set a $84.00 target price for the company in a research report on Friday, January 5th. Mizuho restated a “buy” rating and set a $72.00 target price on shares of SEI Investments in a research report on Friday, November 17th. Finally, Oppenheimer lifted their target price on shares of SEI Investments from $60.00 to $67.00 and gave the stock an “outperform” rating in a research report on Thursday, September 28th. Two analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. SEI Investments presently has a consensus rating of “Buy” and a consensus target price of $70.25.

SEI Investments (NASDAQ SEIC) opened at $75.96 on Wednesday. The company has a debt-to-equity ratio of 0.03, a current ratio of 5.52 and a quick ratio of 5.41. The firm has a market cap of $12,070.32, a P/E ratio of 33.03, a PEG ratio of 2.05 and a beta of 1.40. SEI Investments has a 52-week low of $47.88 and a 52-week high of $77.24.

SEI Investments (NASDAQ:SEIC) last posted its quarterly earnings data on Wednesday, October 25th. The asset manager reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.06. The business had revenue of $368.02 million during the quarter, compared to analyst estimates of $384.43 million. SEI Investments had a net margin of 24.94% and a return on equity of 27.12%. The company’s revenue was up 3.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.53 earnings per share. analysts forecast that SEI Investments will post 2.36 EPS for the current year.

SEI Investments announced that its board has initiated a share repurchase plan on Wednesday, October 25th that authorizes the company to repurchase $200.00 million in shares. This repurchase authorization authorizes the asset manager to repurchase shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board believes its shares are undervalued.

The company also recently disclosed a semiannual dividend, which was paid on Monday, January 8th. Stockholders of record on Wednesday, December 27th were given a $0.30 dividend. This represents a dividend yield of 0.85%. The ex-dividend date of this dividend was Tuesday, December 26th. This is a positive change from SEI Investments’s previous semiannual dividend of $0.28. SEI Investments’s payout ratio is currently 26.09%.

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SEI Investments Profile

SEI Investments Company provides investment processing, investment management and investment operations solutions. The Company provides its solutions to financial institutions, financial advisors, institutional investors, investment managers and ultra-high-net-worth families in the United States, Canada, the United Kingdom, continental Europe and various other locations around the world.

Institutional Ownership by Quarter for SEI Investments (NASDAQ:SEIC)

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