Advisors Preferred LLC Makes New $516,000 Investment in SEI Investments Company $SEIC

Advisors Preferred LLC purchased a new position in shares of SEI Investments Company (NASDAQ:SEIC) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 6,571 shares of the asset manager’s stock, valued at approximately $516,000.

Several other hedge funds have also added to or reduced their stakes in SEIC. Allworth Financial LP lifted its stake in SEI Investments by 44.0% in the third quarter. Allworth Financial LP now owns 432 shares of the asset manager’s stock valued at $37,000 after buying an additional 132 shares in the last quarter. Commerce Bank raised its stake in shares of SEI Investments by 1.3% in the 4th quarter. Commerce Bank now owns 10,060 shares of the asset manager’s stock valued at $825,000 after purchasing an additional 133 shares during the period. Root Financial Partners LLC lifted its holdings in shares of SEI Investments by 40.8% in the first quarter. Root Financial Partners LLC now owns 487 shares of the asset manager’s stock valued at $38,000 after purchasing an additional 141 shares in the last quarter. Focus Partners Advisor Solutions LLC lifted its holdings in shares of SEI Investments by 1.2% in the fourth quarter. Focus Partners Advisor Solutions LLC now owns 11,957 shares of the asset manager’s stock valued at $981,000 after purchasing an additional 141 shares in the last quarter. Finally, Farther Finance Advisors LLC boosted its position in shares of SEI Investments by 10.4% during the fourth quarter. Farther Finance Advisors LLC now owns 1,704 shares of the asset manager’s stock worth $140,000 after buying an additional 161 shares during the period. Institutional investors and hedge funds own 70.59% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Morgan Stanley lifted their target price on SEI Investments from $113.00 to $115.00 and gave the company an “overweight” rating in a research report on Thursday, July 9th. Raymond James Financial lifted their price target on shares of SEI Investments from $122.00 to $124.00 and gave the company an “outperform” rating in a research note on Monday, July 6th. Piper Sandler increased their price objective on shares of SEI Investments from $105.00 to $114.00 and gave the stock an “overweight” rating in a research note on Monday. Weiss Ratings restated a “buy (b)” rating on shares of SEI Investments in a research note on Tuesday, April 21st. Finally, Keefe, Bruyette & Woods upped their price objective on SEI Investments from $107.00 to $113.00 and gave the stock an “outperform” rating in a research note on Friday, July 10th. Six research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $116.20.

SEI Investments Price Performance

NASDAQ:SEIC opened at $98.17 on Thursday. The company has a market cap of $11.81 billion, a P/E ratio of 16.75 and a beta of 0.97. The firm’s fifty day moving average price is $90.68 and its two-hundred day moving average price is $85.39. SEI Investments Company has a one year low of $75.08 and a one year high of $98.58. 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 posted its earnings results on Wednesday, April 22nd. The asset manager reported $1.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.29 by $0.15. SEI Investments had a net margin of 31.17% and a return on equity of 30.70%. The company had revenue of $622.18 million during the quarter, compared to analysts’ expectations of $641.82 million. During the same quarter last year, the company posted $1.17 EPS. SEI Investments’s quarterly revenue was up 12.9% compared to the same quarter last year. Equities analysts expect that SEI Investments Company will post 5.98 earnings per share for the current year.

SEI Investments Announces Dividend

The company also recently announced a dividend, which was paid on Tuesday, June 16th. Stockholders of record on Monday, June 8th were paid a dividend of $0.52 per share. The ex-dividend date was Monday, June 8th. This represents a dividend yield of 118.0%. SEI Investments’s dividend payout ratio (DPR) is 17.75%.

Insider Buying and Selling at SEI Investments

In other news, insider Sanjay Sharma sold 25,000 shares of SEI Investments stock in a transaction that occurred on Thursday, April 23rd. The shares were sold at an average price of $90.12, for a total value of $2,253,000.00. Following the completion of the sale, the insider directly owned 39,829 shares in the company, valued at approximately $3,589,389.48. The trade was a 38.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Philip Mccabe sold 15,000 shares of SEI Investments stock in a transaction that occurred on Thursday, April 23rd. The shares were sold at an average price of $91.82, for a total transaction of $1,377,300.00. Following the completion of the sale, the insider owned 54,884 shares of the company’s stock, valued at approximately $5,039,448.88. The trade was a 21.46% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 111,332 shares of company stock worth $9,908,883 in the last 90 days. Company insiders own 4.80% of the company’s stock.

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.