Ameritas Advisory Services LLC Invests $572,000 in SEI Investments Company $SEIC

Ameritas Advisory Services LLC acquired a new position in SEI Investments Company (NASDAQ:SEIC) during the 4th quarter, HoldingsChannel reports. The fund acquired 6,970 shares of the asset manager’s stock, valued at approximately $572,000.

Other institutional investors have also bought and sold shares of the company. Arizona State Retirement System raised its position in shares of SEI Investments by 0.4% during the 3rd quarter. Arizona State Retirement System now owns 31,307 shares of the asset manager’s stock valued at $2,656,000 after purchasing an additional 129 shares during the period. Allworth Financial LP increased its holdings in SEI Investments by 44.0% in the 3rd quarter. Allworth Financial LP now owns 432 shares of the asset manager’s stock valued at $37,000 after acquiring an additional 132 shares during the last quarter. Johnson Investment Counsel Inc. increased its holdings in SEI Investments by 0.5% in the 3rd quarter. Johnson Investment Counsel Inc. now owns 29,852 shares of the asset manager’s stock valued at $2,533,000 after acquiring an additional 153 shares during the last quarter. Farther Finance Advisors LLC increased its holdings in SEI Investments by 10.4% in the 4th quarter. Farther Finance Advisors LLC now owns 1,704 shares of the asset manager’s stock valued at $140,000 after acquiring an additional 161 shares during the last quarter. Finally, GAMMA Investing LLC increased its holdings in shares of SEI Investments by 2.3% in the 4th quarter. GAMMA Investing LLC now owns 7,260 shares of the asset manager’s stock worth $595,000 after buying an additional 164 shares during the last quarter. Institutional investors own 70.59% of the company’s stock.

SEI Investments Stock Down 1.2%

SEIC stock opened at $90.58 on Friday. The firm’s fifty day simple moving average is $82.46 and its 200-day simple moving average is $82.74. The company has a market capitalization of $10.89 billion, a P/E ratio of 15.46 and a beta of 1.00. The company has a debt-to-equity ratio of 0.07, a current ratio of 4.52 and a quick ratio of 4.40. SEI Investments Company has a 12 month low of $75.08 and a 12 month high of $93.96.

SEI Investments (NASDAQ:SEIC) last released its quarterly earnings data on Wednesday, April 22nd. The asset manager reported $1.44 EPS for the quarter, beating the consensus estimate of $1.29 by $0.15. The business had revenue of $622.18 million for the quarter, compared to the consensus estimate of $641.82 million. SEI Investments had a net margin of 31.17% and a return on equity of 30.70%. The business’s revenue for the quarter was up 12.9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.17 EPS. As a group, equities research analysts forecast that SEI Investments Company will post 5.89 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on SEIC. Piper Sandler restated an “overweight” rating and issued a $105.00 target price (up from $99.00) on shares of SEI Investments in a report on Thursday, April 23rd. Keefe, Bruyette & Woods boosted their price objective on shares of SEI Investments from $95.00 to $107.00 and gave the company an “outperform” rating in a research report on Thursday, April 23rd. Morgan Stanley reduced their price target on shares of SEI Investments from $119.00 to $108.00 and set an “overweight” rating for the company in a report on Thursday, April 2nd. UBS Group initiated coverage on shares of SEI Investments in a report on Wednesday, February 4th. They issued a “buy” rating and a $115.00 price target for the company. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of SEI Investments in a research note on Tuesday, April 21st. Seven equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $103.00.

Insider Activity at SEI Investments

In related news, Chairman Alfred P. West, Jr. sold 7,447 shares of the firm’s stock in a transaction on Wednesday, March 11th. The shares were sold at an average price of $79.26, for a total transaction of $590,249.22. Following the sale, the chairman owned 6,875,783 shares in the company, valued at approximately $544,974,560.58. This trade represents a 0.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Mark Andrew Warner sold 4,000 shares of the firm’s stock in a transaction on Tuesday, April 28th. The shares were sold at an average price of $91.16, for a total transaction of $364,640.00. Following the sale, the insider owned 921 shares in the company, valued at approximately $83,958.36. This represents a 81.28% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 120,447 shares of company stock valued at $10,235,499 in the last quarter. 4.80% of the stock is currently owned by insiders.

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.