Tandem Investment Advisors Inc. Has $578,000 Stake in SEI Investments (NASDAQ:SEIC)

Tandem Investment Advisors Inc. reduced its holdings in SEI Investments (NASDAQ:SEIC) by 22.0% during the 4th quarter, Holdings Channel reports. The institutional investor owned 7,012 shares of the asset manager’s stock after selling 1,975 shares during the quarter. Tandem Investment Advisors Inc.’s holdings in SEI Investments were worth $578,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Boston Trust Walden Corp grew its holdings in shares of SEI Investments by 1.6% in the 4th quarter. Boston Trust Walden Corp now owns 1,306,329 shares of the asset manager’s stock valued at $107,746,000 after acquiring an additional 20,020 shares in the last quarter. Longboard Asset Management LP bought a new position in SEI Investments in the fourth quarter valued at approximately $267,000. CHURCHILL MANAGEMENT Corp acquired a new position in shares of SEI Investments during the 4th quarter worth approximately $1,818,000. Lecap Asset Management Ltd. acquired a new position in shares of SEI Investments during the 4th quarter worth approximately $480,000. Finally, BTS Asset Management Inc. bought a new stake in shares of SEI Investments during the 4th quarter worth approximately $253,000. 70.59% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $90.00 target price (up from $86.00) on shares of SEI Investments in a research note on Thursday, January 30th. Oppenheimer lifted their price objective on shares of SEI Investments from $85.00 to $94.00 and gave the company an “outperform” rating in a research report on Tuesday, January 7th. Morgan Stanley upped their target price on shares of SEI Investments from $75.00 to $80.00 and gave the company an “underweight” rating in a report on Friday, January 3rd. Raymond James upgraded shares of SEI Investments from a “market perform” rating to an “outperform” rating and set a $99.00 target price for the company in a research note on Thursday, January 30th. Finally, Piper Sandler boosted their price target on SEI Investments from $77.00 to $87.00 and gave the stock a “neutral” rating in a research report on Monday, December 23rd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $90.00.

SEI Investments Price Performance

Shares of SEIC opened at $82.24 on Friday. The firm has a market capitalization of $10.60 billion, a PE ratio of 18.61, a PEG ratio of 1.42 and a beta of 0.98. The company’s 50-day moving average is $83.29 and its 200-day moving average is $76.44. SEI Investments has a fifty-two week low of $62.38 and a fifty-two week high of $87.25.

SEI Investments (NASDAQ:SEIC) last issued its quarterly earnings data 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 return on equity of 25.51% and a net margin of 27.35%. Analysts predict that SEI Investments will post 4.86 earnings per share for the current fiscal 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 given a $0.49 dividend. This represents a dividend yield of 1.1%. The ex-dividend date was Friday, December 27th. This is a boost from SEI Investments’s previous semi-annual dividend of $0.46. SEI Investments’s payout ratio is presently 22.17%.

Insider Activity at SEI Investments

In related news, Chairman Alfred P. West, Jr. sold 52,042 shares of the stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $85.23, for a total transaction of $4,435,539.66. Following the sale, the chairman now owns 7,232,922 shares of the company’s stock, valued at $616,461,942.06. This represents a 0.71 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Over the last three months, insiders have sold 171,194 shares of company stock worth $14,579,872. Corporate insiders own 14.30% of the company’s stock.

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.