Portfolio Design Labs LLC Makes New $811,000 Investment in SEI Investments Company $SEIC

Portfolio Design Labs LLC bought a new position in 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. The fund bought 9,249 shares of the asset manager’s stock, valued at approximately $811,000.

Other hedge funds have also bought and sold shares of the company. Elevation Wealth Partners LLC raised its stake in SEI Investments by 96.8% during the second quarter. Elevation Wealth Partners LLC now owns 309 shares of the asset manager’s stock valued at $27,000 after buying an additional 152 shares in the last quarter. CIBC Private Wealth Group LLC grew its position in shares of SEI Investments by 353.1% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 435 shares of the asset manager’s stock worth $37,000 after acquiring an additional 339 shares in the last quarter. Root Financial Partners LLC increased its holdings in shares of SEI Investments by 40.8% in the 1st quarter. Root Financial Partners LLC now owns 487 shares of the asset manager’s stock valued at $38,000 after acquiring an additional 141 shares during the last quarter. Geneos Wealth Management Inc. increased its holdings in shares of SEI Investments by 60.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 532 shares of the asset manager’s stock valued at $41,000 after acquiring an additional 200 shares during the last quarter. Finally, Western Wealth Management LLC acquired a new stake in shares of SEI Investments during the 1st quarter valued at approximately $43,000. 70.59% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on SEIC shares. Zacks Research raised shares of SEI Investments from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 23rd. Wall Street Zen upgraded shares of SEI Investments from a “hold” rating to a “buy” rating in a research report on Saturday, July 25th. UBS Group reaffirmed a “buy” rating and issued a $125.00 price target on shares of SEI Investments in a report on Thursday, July 23rd. Keefe, Bruyette & Woods boosted their price objective on shares of SEI Investments from $113.00 to $119.00 and gave the company an “outperform” rating in a research report on Thursday, July 23rd. Finally, Morgan Stanley boosted their price objective on shares of SEI Investments from $115.00 to $125.00 and gave the company an “overweight” rating in a research report on Thursday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating and six have issued a Buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Buy” and an average target price of $122.60.

Insider Buying and Selling

In other news, Director Carl Guarino sold 10,000 shares of the stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $103.19, for a total value of $1,031,900.00. Following the completion of the transaction, the director directly owned 18,308 shares in the company, valued at $1,889,202.52. This trade represents a 35.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Mark Andrew Warner sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $102.35, for a total transaction of $1,535,250.00. Following the transaction, the insider owned 921 shares in the company, valued at $94,264.35. This represents a 94.22% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 142,332 shares of company stock worth $13,745,813. Company insiders own 4.80% of the company’s stock.

SEI Investments Price Performance

Shares of SEIC opened at $107.60 on Friday. SEI Investments Company has a one year low of $75.08 and a one year high of $109.11. The stock’s fifty day moving average is $97.58 and its 200-day moving average is $88.63. The company has a debt-to-equity ratio of 0.06, a quick ratio of 4.96 and a current ratio of 5.06. The firm has a market capitalization of $12.91 billion, a price-to-earnings ratio of 18.98 and a beta of 0.96.

SEI Investments (NASDAQ:SEIC) last posted its quarterly earnings data on Wednesday, July 22nd. The asset manager reported $1.66 earnings per share for the quarter, topping the consensus estimate of $1.44 by $0.22. The business had revenue of $641.62 million during the quarter, compared to the consensus estimate of $636.35 million. SEI Investments had a net margin of 28.85% and a return on equity of 29.16%. The company’s quarterly revenue was up 14.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.78 earnings per share. Equities analysts anticipate that SEI Investments Company will post 6.2 EPS for the current year.

SEI Investments Dividend Announcement

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

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.