Ashton Thomas Private Wealth LLC Grows Stock Holdings in SEI Investments Company $SEIC

Ashton Thomas Private Wealth LLC boosted its stake in shares of SEI Investments Company (NASDAQ:SEIC) by 349.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 63,902 shares of the asset manager’s stock after buying an additional 49,676 shares during the quarter. Ashton Thomas Private Wealth LLC’s holdings in SEI Investments were worth $5,422,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of SEIC. Root Financial Partners LLC acquired a new stake in shares of SEI Investments in the 3rd quarter worth approximately $28,000. SJS Investment Consulting Inc. grew its holdings in SEI Investments by 142.9% in the third quarter. SJS Investment Consulting Inc. now owns 357 shares of the asset manager’s stock valued at $30,000 after purchasing an additional 210 shares during the last quarter. CoreFirst Bank & Trust purchased a new position in shares of SEI Investments in the second quarter valued at $34,000. Geneos Wealth Management Inc. increased its position in shares of SEI Investments by 60.2% in the first quarter. Geneos Wealth Management Inc. now owns 532 shares of the asset manager’s stock valued at $41,000 after buying an additional 200 shares in the last quarter. Finally, Addison Advisors LLC raised its stake in shares of SEI Investments by 117.6% during the 2nd quarter. Addison Advisors LLC now owns 457 shares of the asset manager’s stock worth $41,000 after buying an additional 247 shares during the last quarter. 70.59% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on SEIC shares. Zacks Research cut shares of SEI Investments from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 11th. Raymond James Financial reissued an “outperform” rating and set a $117.00 price objective on shares of SEI Investments in a research note on Monday, January 5th. Weiss Ratings restated a “buy (b)” rating on shares of SEI Investments in a research report on Thursday, January 22nd. UBS Group assumed coverage on SEI Investments in a report on Wednesday. They set a “buy” rating and a $115.00 target price on the stock. Finally, Keefe, Bruyette & Woods boosted their price target on SEI Investments from $97.00 to $102.00 and gave the stock an “outperform” rating in a report on Thursday, January 8th. Seven research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $110.17.

SEI Investments Trading Up 2.2%

Shares of SEIC opened at $85.94 on Thursday. SEI Investments Company has a fifty-two week low of $64.66 and a fifty-two week high of $93.96. The company has a market capitalization of $10.52 billion, a PE ratio of 15.26 and a beta of 0.95. The stock has a fifty day moving average of $84.35 and a two-hundred day moving average of $84.95. The company has a debt-to-equity ratio of 0.04, a quick ratio of 3.20 and a current ratio of 3.29.

SEI Investments (NASDAQ:SEIC) last announced its quarterly earnings data on Wednesday, January 28th. The asset manager reported $1.38 EPS for the quarter, beating analysts’ consensus estimates of $1.34 by $0.04. The business had revenue of $607.93 million during the quarter, compared to the consensus estimate of $596.97 million. SEI Investments had a return on equity of 30.26% and a net margin of 31.14%.The business’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.19 earnings per share. As a group, analysts forecast that SEI Investments Company will post 4.86 EPS for the current year.

SEI Investments Dividend Announcement

The business also recently disclosed a dividend, which was paid on Monday, January 12th. Stockholders of record on Monday, December 29th were issued a dividend of $0.52 per share. This represents a dividend yield of 124.0%. The ex-dividend date was Monday, December 29th. SEI Investments’s dividend payout ratio is presently 18.47%.

SEI Investments declared that its board has approved a share repurchase program on Friday, October 24th that permits the company to repurchase $650.00 million in outstanding shares. This repurchase authorization permits the asset manager to repurchase up to 6.4% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s board of directors believes its stock is undervalued.

Insider Activity at SEI Investments

In other SEI Investments news, CEO Ryan Hicke sold 80,000 shares of SEI Investments stock in a transaction on Thursday, January 29th. The shares were sold at an average price of $87.36, for a total value of $6,988,800.00. Following the transaction, the chief executive officer owned 197,164 shares in the company, valued at $17,224,247.04. This trade represents a 28.86% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Chairman Alfred P. West, Jr. sold 24,770 shares of the company’s stock in a transaction on Wednesday, December 3rd. The stock was sold at an average price of $80.87, for a total value of $2,003,149.90. Following the sale, the chairman owned 6,942,812 shares of the company’s stock, valued at approximately $561,465,206.44. The trade was a 0.36% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 14.60% of the stock is currently owned by company 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.