Hussman Strategic Advisors Inc. Takes Position in SEI Investments Company $SEIC

Hussman Strategic Advisors Inc. bought a new stake in shares of SEI Investments Company (NASDAQ:SEIC) during the 3rd quarter, Holdings Channel.com reports. The firm bought 21,000 shares of the asset manager’s stock, valued at approximately $1,782,000.

Other large investors have also recently added to or reduced their stakes in the company. Bison Wealth LLC acquired a new position in shares of SEI Investments during the fourth quarter worth about $207,000. Baird Financial Group Inc. purchased a new stake in shares of SEI Investments during the 1st quarter valued at about $201,000. Geneos Wealth Management Inc. lifted its position in SEI Investments by 60.2% during the 1st 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. Farther Finance Advisors LLC lifted its position in SEI Investments by 33.4% during the 2nd quarter. Farther Finance Advisors LLC now owns 1,780 shares of the asset manager’s stock worth $160,000 after acquiring an additional 446 shares in the last quarter. Finally, Fifth Third Bancorp boosted its holdings in SEI Investments by 12.0% in the 2nd quarter. Fifth Third Bancorp now owns 1,315 shares of the asset manager’s stock worth $118,000 after acquiring an additional 141 shares during the period. 70.59% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Chairman Alfred P. West, Jr. sold 24,770 shares of the business’s stock in a transaction dated 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 directly owned 6,942,812 shares of the company’s stock, valued at $561,465,206.44. The trade was 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 this link. Company insiders own 14.30% of the company’s stock.

SEI Investments Trading Down 0.8%

NASDAQ SEIC opened at $84.64 on Wednesday. The company has a market capitalization of $10.36 billion, a price-to-earnings ratio of 15.56 and a beta of 0.97. 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 Company has a 12 month low of $64.66 and a 12 month high of $93.96. The company’s fifty day moving average price is $83.49 and its two-hundred day moving average price is $85.14.

SEI Investments announced that its Board of Directors has authorized a share buyback plan on Friday, October 24th that permits the company to repurchase $650.00 million in shares. This repurchase authorization permits the asset manager to purchase up to 6.4% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management believes its shares are undervalued.

SEI Investments Dividend Announcement

The business also recently declared a dividend, which was paid on Monday, January 12th. Stockholders of record on Monday, December 29th were given a dividend of $0.52 per share. The ex-dividend date of this dividend was Monday, December 29th. This represents a dividend yield of 124.0%. SEI Investments’s dividend payout ratio (DPR) is presently 19.12%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Zacks Research lowered shares of SEI Investments from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 11th. Raymond James Financial reaffirmed an “outperform” rating and set a $117.00 price target on shares of SEI Investments in a report on Monday, January 5th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of SEI Investments in a research note on Thursday, January 22nd. Keefe, Bruyette & Woods upped their price objective on shares of SEI Investments from $97.00 to $102.00 and gave the company an “outperform” rating in a research report on Thursday, January 8th. Finally, Morgan Stanley raised their target price on SEI Investments from $115.00 to $117.00 and gave the company an “overweight” rating in a research note on Tuesday, January 6th. Six equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, SEI Investments currently has an average rating of “Moderate Buy” and a consensus target price of $107.80.

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.