Boston Trust Walden Corp Sells 264,265 Shares of SEI Investments Company $SEIC

Boston Trust Walden Corp cut its holdings in shares of SEI Investments Company (NASDAQ:SEIC) by 19.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,105,409 shares of the asset manager’s stock after selling 264,265 shares during the quarter. Boston Trust Walden Corp owned approximately 0.89% of SEI Investments worth $93,794,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. CoreFirst Bank & Trust bought a new stake in shares of SEI Investments in the second quarter valued at approximately $34,000. Addison Advisors LLC raised its holdings in SEI Investments by 117.6% during the 2nd quarter. Addison Advisors LLC now owns 457 shares of the asset manager’s stock valued at $41,000 after acquiring an additional 247 shares during the period. Geneos Wealth Management Inc. lifted its position in shares of SEI Investments by 60.2% during the first quarter. Geneos Wealth Management Inc. now owns 532 shares of the asset manager’s stock worth $41,000 after acquiring an additional 200 shares in the last quarter. Harbor Capital Advisors Inc. bought a new position in shares of SEI Investments in the second quarter worth $45,000. Finally, Thurston Springer Miller Herd & Titak Inc. grew its position in shares of SEI Investments by 252.1% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 507 shares of the asset manager’s stock valued at $46,000 after purchasing an additional 363 shares in the last quarter. Institutional investors own 70.59% of the company’s stock.

Analyst Ratings Changes

SEIC has been the topic of a number of recent research reports. Weiss Ratings reissued a “buy (b)” rating on shares of SEI Investments in a report on Wednesday, October 8th. Zacks Research downgraded shares of SEI Investments from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 11th. Keefe, Bruyette & Woods raised shares of SEI Investments from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $93.00 to $97.00 in a research note on Tuesday, December 16th. Morgan Stanley upped their target price on shares of SEI Investments from $105.00 to $115.00 and gave the stock an “overweight” rating in a report on Friday, September 19th. Finally, Raymond James Financial raised their price target on shares of SEI Investments from $118.00 to $120.00 and gave the company an “outperform” rating in a report on Tuesday, October 14th. Six research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, SEI Investments presently has an average rating of “Moderate Buy” and a consensus target price of $107.00.

Insiders Place Their Bets

In other SEI Investments news, Chairman Alfred P. West, Jr. sold 24,770 shares of the company’s stock in a transaction that occurred on Wednesday, December 3rd. The stock was sold at an average price of $80.87, for a total value of $2,003,149.90. Following the completion of the sale, the chairman owned 6,942,812 shares of the company’s stock, valued at $561,465,206.44. This represents a 0.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 14.30% of the stock is owned by insiders.

SEI Investments Price Performance

SEIC stock opened at $84.85 on Monday. The firm has a 50 day simple moving average of $81.90 and a two-hundred day simple moving average of $85.62. The stock has a market cap of $10.39 billion, a PE ratio of 15.60 and a beta of 0.98. SEI Investments Company has a one year low of $64.66 and a one year high of $93.96. The company has a debt-to-equity ratio of 0.04, a current ratio of 5.73 and a quick ratio of 5.62.

SEI Investments (NASDAQ:SEIC) last posted its quarterly earnings data on Wednesday, October 22nd. The asset manager reported $1.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.25 by $0.05. The company had revenue of $578.51 million during the quarter, compared to the consensus estimate of $578.75 million. SEI Investments had a net margin of 31.09% and a return on equity of 30.21%. The firm’s revenue was up 7.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.19 EPS. On average, analysts predict that SEI Investments Company will post 4.86 EPS for the current fiscal year.

SEI Investments Announces Dividend

The company also recently disclosed a dividend, which will be paid on Monday, January 12th. Investors of record on Monday, December 29th will be issued a dividend of $0.52 per share. This represents a dividend yield of 123.0%. The ex-dividend date of this dividend is Monday, December 29th. SEI Investments’s dividend payout ratio (DPR) is currently 18.01%.

SEI Investments declared that its board has approved a stock buyback plan on Friday, October 24th that allows the company to buyback $650.00 million in outstanding shares. This buyback authorization allows the asset manager to reacquire up to 6.4% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s board believes its shares are undervalued.

About SEI Investments

SEI Investments Company is a global provider of asset management, investment processing, and investment operations solutions. The firm offers a range of services designed to help financial institutions, private banks, wealth managers and family offices streamline back-office functions and enhance front-office capabilities. SEI’s technology platforms support various stages of the investment lifecycle, including trade execution, performance reporting, risk analytics and client communications.

The company’s core offerings include outsourced fund administration, custody and trust services, managed account solutions, and wealth management technology.