Taika Capital LP Makes New Investment in SEI Investments (NASDAQ:SEIC)

Taika Capital LP purchased a new position in shares of SEI Investments (NASDAQ:SEIC) in the fourth quarter, according to its most recent filing with the SEC. The firm purchased 4,700 shares of the asset manager’s stock, valued at approximately $388,000.

A number of other large investors have also recently bought and sold shares of SEIC. Allworth Financial LP grew its holdings in 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 purchasing an additional 158 shares during the period. First Horizon Advisors Inc. grew its holdings in SEI Investments by 101.3% in the third quarter. First Horizon Advisors Inc. now owns 461 shares of the asset manager’s stock worth $32,000 after purchasing an additional 232 shares during the period. Point72 DIFC Ltd acquired a new stake in SEI Investments in the third quarter worth $45,000. Rialto Wealth Management LLC acquired a new stake in SEI Investments in the fourth quarter worth $55,000. Finally, Principal Securities Inc. grew its holdings in 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 during the period. 70.59% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at SEI Investments

In other news, Chairman Alfred P. West, Jr. sold 1,372 shares of the business’s stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $76.28, for a total value of $104,656.16. Following the transaction, the chairman now owns 7,078,708 shares in the company, valued at $539,963,846.24. The trade was a 0.02 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Mark Andrew Warner sold 5,000 shares of the business’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 completion of the transaction, the insider now owns 1,300 shares in the company, valued at $104,507. The trade was 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 worth $18,801,608 in the last 90 days. Insiders own 14.30% of the company’s stock.

Analyst Upgrades and Downgrades

SEIC has been the subject of a number of research reports. Oppenheimer raised their price target on shares of SEI Investments from $85.00 to $94.00 and gave the stock an “outperform” rating in a report on Tuesday, January 7th. Piper Sandler lifted their price target on shares of SEI Investments from $77.00 to $87.00 and gave the company a “neutral” rating in a research report on Monday, December 23rd. Raymond James raised shares of SEI Investments from a “market perform” rating to an “outperform” rating and set a $99.00 price target for the company in a research report on Thursday, January 30th. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $90.00 price target (up previously from $86.00) on shares of SEI Investments in a research report on Thursday, January 30th. Finally, Morgan Stanley lifted their price target on shares of SEI Investments from $75.00 to $80.00 and gave the company an “underweight” rating in a research report on Friday, January 3rd. 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, the company currently has an average rating of “Hold” and a consensus target price of $90.00.

SEI Investments Stock Down 0.3 %

Shares of NASDAQ:SEIC opened at $75.77 on Monday. The stock has a market cap of $9.62 billion, a price-to-earnings ratio of 17.14, a PEG ratio of 1.41 and a beta of 0.94. SEI Investments has a 12-month low of $62.38 and a 12-month high of $87.25. The business’s 50 day moving average is $82.11 and its 200 day moving average is $77.60.

SEI Investments (NASDAQ:SEIC) last announced its earnings results on Wednesday, January 29th. The asset manager reported $1.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.21 by ($0.02). SEI Investments had a net margin of 27.35% and a return on equity of 25.51%. As a group, equities research analysts expect that SEI Investments will post 4.86 earnings per share for the current year.

SEI Investments Increases Dividend

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

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.