Oxbow Advisors LLC Purchases Shares of 42,099 SEI Investments Company $SEIC

Oxbow Advisors LLC acquired a new position in shares of SEI Investments Company (NASDAQ:SEIC) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 42,099 shares of the asset manager’s stock, valued at approximately $3,692,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. JLB & Associates Inc. acquired a new position in SEI Investments in the 2nd quarter worth $22,943,000. Meeder Advisory Services Inc. acquired a new stake in shares of SEI Investments in the 2nd quarter valued at about $233,000. BlackRock Inc. bought a new stake in shares of SEI Investments in the second quarter valued at about $870,745,000. Deutsche Bank AG bought a new stake in shares of SEI Investments in the second quarter valued at about $1,957,000. Finally, Simplicity Wealth LLC acquired a new position in shares of SEI Investments during the second quarter worth about $562,000. 70.59% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, insider Mark Andrew Warner sold 15,000 shares of the company’s stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $102.35, for a total value of $1,535,250.00. Following the sale, the insider directly owned 921 shares of the company’s stock, valued at approximately $94,264.35. This represents a 94.22% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Sanjay Sharma sold 20,000 shares of the firm’s stock in a transaction dated Friday, July 24th. The shares were sold at an average price of $99.33, for a total transaction of $1,986,600.00. Following the completion of the sale, the insider owned 39,829 shares of the company’s stock, valued at $3,956,214.57. This trade represents a 33.43% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 142,332 shares of company stock worth $13,745,813. Corporate insiders own 4.80% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Zacks Research upgraded SEI Investments from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 23rd. UBS Group restated a “buy” rating and issued a $125.00 target price on shares of SEI Investments in a research note on Thursday, July 23rd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of SEI Investments in a research report on Friday, July 17th. Keefe, Bruyette & Woods lifted their price objective on shares of SEI Investments from $113.00 to $119.00 and gave the company an “outperform” rating in a report on Thursday, July 23rd. Finally, Piper Sandler lifted their price objective on shares of SEI Investments from $114.00 to $120.00 and gave the company an “overweight” rating in a report on Thursday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating and six have assigned a Buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $122.60.

SEI Investments Trading Up 1.4%

Shares of SEI Investments stock opened at $106.92 on Wednesday. The stock has a market cap of $12.83 billion, a P/E ratio of 18.86 and a beta of 0.96. The company has a quick ratio of 4.96, a current ratio of 5.06 and a debt-to-equity ratio of 0.06. SEI Investments Company has a 12-month low of $75.08 and a 12-month high of $107.46. The business’s 50 day moving average is $96.82 and its 200-day moving average is $88.35.

SEI Investments (NASDAQ:SEIC) last released its earnings results on Wednesday, July 22nd. The asset manager reported $1.66 earnings per share for the quarter, beating the consensus estimate of $1.44 by $0.22. The business had revenue of $641.62 million during the quarter, compared to analysts’ expectations of $636.35 million. SEI Investments had a net margin of 28.85% and a return on equity of 29.16%. The firm’s revenue was up 14.7% on a year-over-year basis. During the same period last year, the business earned $1.78 earnings per share. Equities research analysts predict that SEI Investments Company will post 6.2 earnings per share for the current fiscal year.

SEI Investments Dividend Announcement

The company also recently declared a dividend, which was paid on Tuesday, June 16th. Shareholders of record on Monday, June 8th were paid a $0.52 dividend. The ex-dividend date was Monday, June 8th. This represents a yield of 118.0%. SEI Investments’s dividend payout ratio (DPR) is currently 18.34%.

About SEI Investments

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.