CHURCHILL MANAGEMENT Corp Acquires Shares of 22,039 SEI Investments (NASDAQ:SEIC)

CHURCHILL MANAGEMENT Corp acquired a new position in SEI Investments (NASDAQ:SEIC) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 22,039 shares of the asset manager’s stock, valued at approximately $1,818,000.

Several other large investors also recently made changes to their positions in the business. First Horizon Advisors Inc. lifted 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 buying an additional 232 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt raised its stake in shares of SEI Investments by 925.9% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 554 shares of the asset manager’s stock worth $38,000 after acquiring an additional 500 shares during the last quarter. Point72 DIFC Ltd acquired a new position in shares of SEI Investments during the third quarter worth approximately $45,000. Northwestern Mutual Wealth Management Co. grew its stake in shares of SEI Investments by 16.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,197 shares of the asset manager’s stock valued at $77,000 after purchasing an additional 168 shares during the last quarter. Finally, Quarry LP acquired a new stake in shares of SEI Investments in the second quarter valued at approximately $136,000. Institutional investors own 70.59% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Oppenheimer upped their price objective on SEI Investments from $85.00 to $94.00 and gave the stock an “outperform” rating in a report on Tuesday, January 7th. Keefe, Bruyette & Woods raised their price target on SEI Investments from $76.00 to $86.00 and gave the company a “market perform” rating in a report on Friday, December 20th. Morgan Stanley boosted their price objective on SEI Investments from $75.00 to $80.00 and gave the stock an “underweight” rating in a report on Friday, January 3rd. Finally, Piper Sandler raised their target price on shares of SEI Investments from $77.00 to $87.00 and gave the company a “neutral” rating in a research note on Monday, December 23rd. One investment 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. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $86.75.

SEI Investments Stock Up 1.3 %

SEIC stock opened at $82.96 on Friday. SEI Investments has a twelve month low of $62.34 and a twelve month high of $87.25. The business’s fifty day moving average is $82.27 and its 200-day moving average is $73.32. The company has a market cap of $10.69 billion, a P/E ratio of 20.04, a price-to-earnings-growth ratio of 1.34 and a beta of 0.98.

SEI Investments (NASDAQ:SEIC) last issued its earnings results on Wednesday, October 23rd. The asset manager reported $1.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.07 by $0.12. The firm had revenue of $537.40 million for the quarter, compared to analysts’ expectations of $534.08 million. SEI Investments had a return on equity of 24.29% and a net margin of 26.60%. The company’s revenue was up 12.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.87 earnings per share. Research analysts anticipate that SEI Investments will post 4.42 earnings per share 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. Shareholders of record on Friday, December 27th were issued 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 23.67%.

SEI Investments announced that its board has approved a stock repurchase plan on Tuesday, October 22nd that authorizes the company to repurchase $400.00 million in outstanding shares. This repurchase authorization authorizes the asset manager to purchase up to 4.3% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s management believes its stock is undervalued.

Insider Transactions at SEI Investments

In other news, EVP Michael Peterson sold 25,000 shares of the firm’s stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $74.59, for a total transaction of $1,864,750.00. Following the sale, the executive vice president now owns 6,500 shares of the company’s stock, valued at $484,835. This trade represents a 79.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman Alfred P. West, Jr. sold 94,158 shares of SEI Investments stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $85.73, for a total value of $8,072,165.34. Following the transaction, the chairman now owns 7,284,964 shares in the company, valued at $624,539,963.72. This trade represents a 1.28 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 239,258 shares of company stock valued at $19,753,402 over the last three months. 14.30% of the stock is currently owned by corporate insiders.

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.