HBK Sorce Advisory LLC Has $4.37 Million Stock Position in SEI Investments Company $SEIC

HBK Sorce Advisory LLC reduced its stake in shares of SEI Investments Company (NASDAQ:SEIC) by 10.7% in the 4th quarter, Holdings Channel.com reports. The firm owned 51,710 shares of the asset manager’s stock after selling 6,200 shares during the quarter. HBK Sorce Advisory LLC’s holdings in SEI Investments were worth $4,367,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of the stock. MQS Management LLC raised its stake in SEI Investments by 3.4% during the 4th quarter. MQS Management LLC now owns 8,610 shares of the asset manager’s stock valued at $706,000 after purchasing an additional 287 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in SEI Investments by 51.5% during the 4th quarter. EverSource Wealth Advisors LLC now owns 2,544 shares of the asset manager’s stock valued at $209,000 after purchasing an additional 865 shares during the last quarter. Global Retirement Partners LLC raised its stake in SEI Investments by 124.3% during the 4th quarter. Global Retirement Partners LLC now owns 3,367 shares of the asset manager’s stock valued at $276,000 after purchasing an additional 1,866 shares during the last quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new position in SEI Investments during the 4th quarter valued at $3,217,000. Finally, ProShare Advisors LLC raised its stake in SEI Investments by 4.0% during the 4th quarter. ProShare Advisors LLC now owns 405,354 shares of the asset manager’s stock valued at $33,247,000 after purchasing an additional 15,733 shares during the last quarter. 70.59% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently commented on SEIC shares. Raymond James Financial reiterated an “outperform” rating and set a $82.00 target price on shares of SEI Investments in a research note on Wednesday, April 29th. Weiss Ratings reiterated a “buy (b)” rating on shares of SEI Investments in a research note on Tuesday, April 21st. UBS Group started coverage on shares of SEI Investments in a research note on Wednesday, February 4th. They set a “buy” rating and a $115.00 target price for the company. Keefe, Bruyette & Woods upped their target price on shares of SEI Investments from $95.00 to $107.00 and gave the company an “outperform” rating in a research note on Thursday, April 23rd. Finally, Morgan Stanley cut their target price on shares of SEI Investments from $119.00 to $108.00 and set an “overweight” rating for the company in a research note on Thursday, April 2nd. Seven research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $103.00.

Insider Transactions at SEI Investments

In related news, Chairman Alfred P. West, Jr. sold 55,000 shares of the firm’s stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $80.23, for a total value of $4,412,650.00. Following the completion of the transaction, the chairman directly owned 6,883,230 shares of the company’s stock, valued at $552,241,542.90. This trade represents a 0.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 stock was sold at an average price of $91.16, for a total value of $364,640.00. Following the completion of the transaction, the insider directly owned 921 shares of the company’s stock, valued at approximately $83,958.36. This trade represents a 81.28% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 120,447 shares of company stock valued at $10,235,499 over the last 90 days. Corporate insiders own 4.80% of the company’s stock.

SEI Investments Price Performance

Shares of SEIC stock opened at $90.53 on Monday. The stock has a market cap of $10.89 billion, a P/E ratio of 15.45 and a beta of 1.00. SEI Investments Company has a one year low of $75.08 and a one year high of $93.96. The stock has a fifty day moving average price of $83.45 and a 200 day moving average price of $83.09. 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 (NASDAQ:SEIC) last issued its earnings results on Wednesday, April 22nd. The asset manager reported $1.44 EPS for the quarter, topping the consensus estimate of $1.29 by $0.15. The firm had revenue of $622.18 million during the quarter, compared to analysts’ expectations of $641.82 million. SEI Investments had a return on equity of 30.70% and a net margin of 31.17%.SEI Investments’s quarterly revenue was up 12.9% compared to the same quarter last year. During the same period last year, the business earned $1.17 earnings per share. Analysts predict that SEI Investments Company will post 5.89 earnings per share for the current year.

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.