HBK Sorce Advisory LLC purchased a new stake in shares of SEI Investments (NASDAQ:SEIC) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 13,564 shares of the asset manager’s stock, valued at approximately $975,000.
A number of other hedge funds have also recently added to or reduced their stakes in SEIC. Invictus RG bought a new stake in shares of SEI Investments in the third quarter valued at about $111,000. Icon Wealth Partners LLC bought a new stake in shares of SEI Investments in the fourth quarter valued at about $121,000. Gradient Investments LLC bought a new stake in shares of SEI Investments in the fourth quarter valued at about $207,000. Venturi Wealth Management LLC bought a new stake in shares of SEI Investments in the third quarter valued at about $208,000. Finally, BLB&B Advisors LLC bought a new stake in shares of SEI Investments in the fourth quarter valued at about $208,000. Institutional investors own 70.50% of the company’s stock.
Several equities research analysts recently weighed in on the stock. BidaskClub upgraded shares of SEI Investments from a “buy” rating to a “strong-buy” rating in a research note on Thursday, March 22nd. Oppenheimer reiterated a “buy” rating and issued a $80.00 target price on shares of SEI Investments in a research note on Thursday, February 1st. Finally, Zacks Investment Research cut shares of SEI Investments from a “buy” rating to a “hold” rating in a research note on Tuesday, March 6th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. SEI Investments presently has an average rating of “Buy” and an average target price of $73.50.
NASDAQ:SEIC traded down $1.85 during mid-day trading on Friday, hitting $72.78. The company’s stock had a trading volume of 519,651 shares, compared to its average volume of 612,369. SEI Investments has a fifty-two week low of $49.45 and a fifty-two week high of $78.35. The company has a quick ratio of 4.07, a current ratio of 4.14 and a debt-to-equity ratio of 0.02. The firm has a market capitalization of $11,446.69, a PE ratio of 31.37, a price-to-earnings-growth ratio of 1.87 and a beta of 1.25.
SEI Investments (NASDAQ:SEIC) last posted its quarterly earnings results on Wednesday, January 31st. The asset manager reported $0.75 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.15. SEI Investments had a net margin of 26.49% and a return on equity of 26.74%. The firm had revenue of $408.22 million during the quarter, compared to analyst estimates of $397.96 million. During the same quarter in the prior year, the business posted $0.55 earnings per share. The company’s quarterly revenue was up 10.7% compared to the same quarter last year. research analysts expect that SEI Investments will post 3.24 EPS for the current year.
In other news, EVP Stephen Meyer sold 4,524 shares of the firm’s stock in a transaction that occurred on Wednesday, March 21st. The shares were sold at an average price of $77.59, for a total transaction of $351,017.16. Following the completion of the sale, the executive vice president now owns 97,748 shares of the company’s stock, valued at $7,584,267.32. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Joseph P. Ujobai sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $72.81, for a total transaction of $1,456,200.00. Following the sale, the executive vice president now directly owns 32,540 shares of the company’s stock, valued at approximately $2,369,237.40. The disclosure for this sale can be found here. Insiders sold 95,348 shares of company stock valued at $7,115,112 in the last three months. Company insiders own 16.50% of the company’s stock.
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About SEI Investments
SEI Investments Co 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.
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