Focus Partners Advisor Solutions LLC Purchases New Shares in SEI Investments Company $SEIC

Focus Partners Advisor Solutions LLC acquired a new position in SEI Investments Company (NASDAQ:SEIC) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 7,644 shares of the asset manager’s stock, valued at approximately $670,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bank of America Corp DE grew its holdings in shares of SEI Investments by 4.4% in the second quarter. Bank of America Corp DE now owns 3,160,636 shares of the asset manager’s stock valued at $284,015,000 after acquiring an additional 133,057 shares in the last quarter. Geode Capital Management LLC lifted its holdings in SEI Investments by 3.9% during the fourth quarter. Geode Capital Management LLC now owns 2,894,317 shares of the asset manager’s stock worth $237,421,000 after acquiring an additional 109,974 shares during the period. Lord Abbett & CO. LLC lifted its holdings in SEI Investments by 19.2% during the fourth quarter. Lord Abbett & CO. LLC now owns 1,917,370 shares of the asset manager’s stock worth $157,263,000 after acquiring an additional 308,988 shares during the period. Dimensional Fund Advisors LP boosted its position in SEI Investments by 1.1% in the first quarter. Dimensional Fund Advisors LP now owns 1,873,198 shares of the asset manager’s stock worth $146,984,000 after purchasing an additional 20,054 shares during the last quarter. Finally, First Trust Advisors LP boosted its position in SEI Investments by 1.2% in the first quarter. First Trust Advisors LP now owns 1,822,669 shares of the asset manager’s stock worth $143,025,000 after purchasing an additional 21,731 shares during the last quarter. Hedge funds and other institutional investors own 70.59% of the company’s stock.

Insider Transactions at SEI Investments

In related news, insider Mark Andrew Warner sold 15,000 shares of the stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $102.35, for a total transaction of $1,535,250.00. Following the sale, the insider owned 921 shares of the company’s stock, valued at approximately $94,264.35. This represents a 94.22% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Chairman Alfred P. West, Jr. sold 50,000 shares of the firm’s stock in a transaction dated Friday, June 26th. The stock was sold at an average price of $87.25, for a total value of $4,362,500.00. Following the completion of the transaction, the chairman owned 6,825,783 shares of the company’s stock, valued at approximately $595,549,566.75. This represents a 0.73% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 142,332 shares of company stock valued at $13,745,813. 4.80% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Raymond James Financial boosted their price target on shares of SEI Investments from $122.00 to $124.00 and gave the stock an “outperform” rating in a report on Monday, July 6th. Wall Street Zen raised shares of SEI Investments from a “hold” rating to a “buy” rating in a research report on Saturday, July 25th. Piper Sandler boosted their target price on shares of SEI Investments from $114.00 to $120.00 and gave the company an “overweight” rating in a research note on Thursday, July 23rd. Keefe, Bruyette & Woods increased their target price on shares of SEI Investments from $113.00 to $119.00 and gave the company an “outperform” rating in a research report on Thursday, July 23rd. Finally, UBS Group restated a “buy” rating and set a $125.00 price target on shares of SEI Investments in a research note on Thursday, July 23rd. One research analyst has rated the stock with a Strong Buy rating and six have issued a Buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $122.60.

SEI Investments Trading Down 0.9%

Shares of SEI Investments stock opened at $105.47 on Tuesday. SEI Investments Company has a 52-week low of $75.08 and a 52-week high of $107.00. The stock’s 50-day simple moving average is $96.49 and its 200 day simple moving average is $88.21. The stock has a market capitalization of $12.66 billion, a P/E ratio of 18.60 and a beta of 0.96. The company has a debt-to-equity ratio of 0.06, a quick ratio of 4.96 and a current ratio of 5.06.

SEI Investments (NASDAQ:SEIC) last issued its earnings results on Wednesday, July 22nd. The asset manager reported $1.66 earnings per share for the quarter, topping analysts’ consensus estimates of $1.44 by $0.22. The firm had revenue of $641.62 million during the quarter, compared to analyst estimates of $636.35 million. SEI Investments had a net margin of 28.85% and a return on equity of 29.16%. The company’s quarterly revenue was up 14.7% on a year-over-year basis. During the same quarter last year, the business earned $1.78 earnings per share. As a group, research analysts anticipate that SEI Investments Company will post 6.2 EPS for the current year.

SEI Investments Announces Dividend

The business also recently declared a dividend, which was paid on Tuesday, June 16th. Stockholders of record on Monday, June 8th were issued a $0.52 dividend. This represents a dividend yield of 118.0%. The ex-dividend date of this dividend was Monday, June 8th. SEI Investments’s dividend payout ratio (DPR) is presently 18.34%.

SEI Investments Profile

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.