New Age Alpha Advisors LLC Grows Stock Position in SEI Investments Company $SEIC

New Age Alpha Advisors LLC increased its holdings in shares of SEI Investments Company (NASDAQ:SEIC) by 280.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 47,153 shares of the asset manager’s stock after acquiring an additional 34,745 shares during the quarter. New Age Alpha Advisors LLC’s holdings in SEI Investments were worth $3,867,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Hantz Financial Services Inc. boosted its position in SEI Investments by 303.3% during the fourth quarter. Hantz Financial Services Inc. now owns 730 shares of the asset manager’s stock worth $60,000 after acquiring an additional 549 shares during the last quarter. MQS Management LLC boosted its position in SEI Investments by 3.4% during the fourth quarter. MQS Management LLC now owns 8,610 shares of the asset manager’s stock worth $706,000 after acquiring an additional 287 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in SEI Investments by 51.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 2,544 shares of the asset manager’s stock worth $209,000 after acquiring an additional 865 shares during the last quarter. Global Retirement Partners LLC boosted its position in SEI Investments by 124.3% during the fourth quarter. Global Retirement Partners LLC now owns 3,367 shares of the asset manager’s stock worth $276,000 after acquiring an additional 1,866 shares during the last quarter. Finally, Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new position in SEI Investments during the fourth quarter worth about $3,217,000. 70.59% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other SEI Investments news, insider Mark Andrew Warner sold 4,000 shares of the business’s stock in a transaction dated Tuesday, April 28th. The shares were sold at an average price of $91.16, for a total value of $364,640.00. Following the transaction, the insider directly owned 921 shares in the company, valued at $83,958.36. The trade was a 81.28% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Sanjay Sharma sold 25,000 shares of the business’s stock in a transaction dated Thursday, April 23rd. The shares were sold at an average price of $90.12, for a total transaction of $2,253,000.00. Following the completion of the transaction, the insider owned 39,829 shares in the company, valued at $3,589,389.48. The trade was a 38.56% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 120,447 shares of company stock worth $10,235,499 over the last ninety days. 4.80% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities analysts recently weighed in on SEIC shares. Raymond James Financial restated an “outperform” rating and set a $82.00 price target on shares of SEI Investments in a research report on Wednesday, April 29th. UBS Group started coverage on shares of SEI Investments in a research report on Wednesday, February 4th. They set a “buy” rating and a $115.00 price target on the stock. Keefe, Bruyette & Woods boosted their price target on shares of SEI Investments from $95.00 to $107.00 and gave the stock an “outperform” rating in a research report on Thursday, April 23rd. Weiss Ratings restated a “buy (b)” rating on shares of SEI Investments in a research report on Tuesday, April 21st. Finally, Morgan Stanley lowered their price target on shares of SEI Investments from $119.00 to $108.00 and set an “overweight” rating on the stock in a research report on Thursday, April 2nd. Seven investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $103.00.

SEI Investments Stock Performance

NASDAQ:SEIC opened at $90.53 on Tuesday. The company has a debt-to-equity ratio of 0.07, a current ratio of 4.52 and a quick ratio of 4.40. The firm has a market capitalization of $10.89 billion, a price-to-earnings ratio of 15.45 and a beta of 1.00. The company’s 50-day moving average is $83.68 and its two-hundred day moving average is $83.15. SEI Investments Company has a 1-year low of $75.08 and a 1-year high of $93.96.

SEI Investments (NASDAQ:SEIC) last posted its earnings results on Wednesday, April 22nd. The asset manager reported $1.44 earnings per share for the quarter, beating the consensus estimate of $1.29 by $0.15. The company had revenue of $622.18 million for the quarter, compared to analyst estimates of $641.82 million. SEI Investments had a net margin of 31.17% and a return on equity of 30.70%. SEI Investments’s revenue was up 12.9% on a year-over-year basis. During the same period in the previous year, the business posted $1.17 EPS. Analysts forecast that SEI Investments Company will post 5.89 EPS for the current year.

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.