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

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

A number of other large investors also recently made changes to their positions in SEIC. Root Financial Partners LLC acquired a new position in shares of SEI Investments in the 3rd quarter valued at about $28,000. Community Bank N.A. acquired a new position in SEI Investments in the third quarter worth approximately $35,000. Allworth Financial LP increased its holdings in SEI Investments by 44.0% in the third quarter. Allworth Financial LP now owns 432 shares of the asset manager’s stock worth $37,000 after buying an additional 132 shares during the last quarter. CIBC Private Wealth Group LLC increased its holdings in SEI Investments by 353.1% in the third quarter. CIBC Private Wealth Group LLC now owns 435 shares of the asset manager’s stock worth $37,000 after buying an additional 339 shares during the last quarter. Finally, Geneos Wealth Management Inc. increased its holdings in SEI Investments by 60.2% in the first quarter. Geneos Wealth Management Inc. now owns 532 shares of the asset manager’s stock worth $41,000 after buying an additional 200 shares during the last quarter. Institutional investors and hedge funds own 70.59% of the company’s stock.

Insider Activity at SEI Investments

In other SEI Investments news, Chairman Alfred P. West, Jr. sold 55,000 shares of the stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $80.23, for a total transaction of $4,412,650.00. Following the transaction, the chairman owned 6,883,230 shares in the company, 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 SEC, which is available at the SEC website. Also, insider Mark Andrew Warner sold 4,000 shares of the stock in a transaction that occurred on Tuesday, April 28th. The shares were sold at an average price of $91.16, for a total value of $364,640.00. Following the transaction, the insider owned 921 shares in the company, valued at approximately $83,958.36. This trade represents a 81.28% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 120,447 shares of company stock valued at $10,235,499. 4.80% of the stock is owned by company insiders.

SEI Investments Stock Performance

Shares of SEIC stock opened at $90.53 on Monday. SEI Investments Company has a 12 month low of $75.08 and a 12 month high of $93.96. The company has a quick ratio of 4.40, a current ratio of 4.52 and a debt-to-equity ratio of 0.07. The business’s 50 day moving average is $83.45 and its two-hundred day moving average is $83.09. The company has a market cap of $10.89 billion, a PE ratio of 15.45 and a beta of 1.00.

SEI Investments (NASDAQ:SEIC) last announced its quarterly earnings results on Wednesday, April 22nd. The asset manager reported $1.44 EPS for the quarter, beating the consensus estimate of $1.29 by $0.15. SEI Investments had a return on equity of 30.70% and a net margin of 31.17%.The company had revenue of $622.18 million for the quarter, compared to the consensus estimate of $641.82 million. During the same quarter last year, the company posted $1.17 earnings per share. The company’s revenue for the quarter was up 12.9% compared to the same quarter last year. Equities analysts predict that SEI Investments Company will post 5.89 EPS for the current year.

Wall Street Analyst Weigh In

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

SEI Investments Company 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.