First Trust Advisors LP Has $143.03 Million Stock Position in SEI Investments Company $SEIC

First Trust Advisors LP grew its position in shares of SEI Investments Company (NASDAQ:SEIC) by 1.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,822,669 shares of the asset manager’s stock after buying an additional 21,731 shares during the quarter. First Trust Advisors LP’s holdings in SEI Investments were worth $143,025,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. Norges Bank acquired a new position in shares of SEI Investments during the 4th quarter valued at about $53,548,000. Clark Capital Management Group Inc. boosted its position in shares of SEI Investments by 2,333.2% in the fourth quarter. Clark Capital Management Group Inc. now owns 645,859 shares of the asset manager’s stock valued at $52,973,000 after acquiring an additional 619,315 shares during the period. PFA Pension Forsikringsaktieselskab acquired a new stake in SEI Investments in the 4th quarter worth $43,186,000. Qube Research & Technologies Ltd grew its position in SEI Investments by 82.5% during the third quarter. Qube Research & Technologies Ltd now owns 766,775 shares of the asset manager’s stock worth $65,061,000 after buying an additional 346,696 shares in the last quarter. Finally, Caisse de depot et placement du Quebec increased its position in shares of SEI Investments by 31.0% during the third quarter. Caisse de depot et placement du Quebec now owns 1,343,757 shares of the asset manager’s stock valued at $114,018,000 after purchasing an additional 317,703 shares during the period. 70.59% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on SEIC. Morgan Stanley upped their target price on shares of SEI Investments from $115.00 to $125.00 and gave the company an “overweight” rating in a research note on Thursday. Keefe, Bruyette & Woods increased their price objective on shares of SEI Investments from $113.00 to $119.00 and gave the stock an “outperform” rating in a report on Thursday. UBS Group reissued a “buy” rating and issued a $125.00 target price on shares of SEI Investments in a research note on Thursday. Piper Sandler boosted their price target on shares of SEI Investments from $114.00 to $120.00 and gave the stock an “overweight” rating in a research note on Thursday. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of SEI Investments in a research report on Friday, July 17th. Six analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $122.60.

SEI Investments Price Performance

Shares of NASDAQ SEIC opened at $96.73 on Friday. The company has a fifty day moving average price of $91.54 and a 200 day moving average price of $86.04. The firm has a market cap of $11.63 billion, a PE ratio of 17.06 and a beta of 0.97. The company has a current ratio of 4.52, a quick ratio of 4.40 and a debt-to-equity ratio of 0.07. SEI Investments Company has a 1-year low of $75.08 and a 1-year high of $102.29.

SEI Investments (NASDAQ:SEIC) last released its quarterly earnings results on Wednesday, July 22nd. The asset manager reported $1.66 earnings per share for the quarter, topping analysts’ consensus estimates of $1.44 by $0.22. SEI Investments had a return on equity of 29.42% and a net margin of 28.85%.The firm had revenue of $641.62 million during the quarter, compared to the consensus estimate of $636.35 million. During the same quarter in the prior year, the firm posted $1.78 EPS. The business’s revenue was up 14.7% on a year-over-year basis. Research analysts predict that SEI Investments Company will post 5.98 earnings per share for the current fiscal year.

SEI Investments Announces Dividend

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

More SEI Investments News

Here are the key news stories impacting SEI Investments this week:

• Positive Sentiment: SEI Investments beat Q2 earnings expectations, reporting $1.66 per share versus consensus around $1.44-$1.45, while revenue came in above estimates at $641.62 million. The company also said revenue rose 14.7% year over year and operating income increased 33%, with operating margin reaching 31%. Article Title
• Positive Sentiment: Management highlighted record growth in revenue and EPS in the Q2 earnings call, which should support confidence in the company’s operating momentum and ability to convert higher activity into profits. Article Title
• Positive Sentiment: Analysts turned more constructive after the report: Morgan Stanley raised its price target to $125 and reiterated an overweight rating, while Keefe, Bruyette & Woods lifted its target to $119 with an outperform rating. Article Title
• Positive Sentiment: Assets under management and assets under administration reportedly rose year over year, reinforcing that the business is still seeing healthy client inflows and scale benefits. Article Title
• Neutral Sentiment: Despite the earnings beat, EPS was below last year’s level, which may have tempered enthusiasm and limited the stock’s upside reaction. Article Title

Insider Activity at SEI Investments

In related news, insider Mark Andrew Warner sold 4,000 shares of the stock in a transaction that occurred on Tuesday, April 28th. The stock was sold at an average price of $91.16, for a total transaction of $364,640.00. Following the completion of the transaction, the insider directly owned 921 shares of the company’s stock, valued at approximately $83,958.36. This represents a 81.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Chairman Alfred P. West, Jr. sold 50,000 shares of the business’s stock in a transaction that occurred on Friday, June 26th. The stock was sold at an average price of $87.25, for a total value of $4,362,500.00. Following the transaction, the chairman directly owned 6,825,783 shares in the company, valued at $595,549,566.75. This trade represents a 0.73% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 71,332 shares of company stock valued at $6,278,583. Corporate insiders own 4.80% of the company’s stock.

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.