Lido Advisors LLC Buys Shares of 13,617 SEI Investments Company $SEIC

Lido Advisors LLC purchased a new stake in shares of SEI Investments Company (NASDAQ:SEIC) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 13,617 shares of the asset manager’s stock, valued at approximately $1,224,000.

Several other large investors also recently added to or reduced their stakes in SEIC. Addison Advisors LLC raised its stake in SEI Investments by 117.6% in the 2nd quarter. Addison Advisors LLC now owns 457 shares of the asset manager’s stock valued at $41,000 after acquiring an additional 247 shares during the period. Geneos Wealth Management Inc. boosted its position in SEI Investments by 60.2% during the first quarter. Geneos Wealth Management Inc. now owns 532 shares of the asset manager’s stock worth $41,000 after purchasing an additional 200 shares during the period. Harbor Capital Advisors Inc. purchased a new position in shares of SEI Investments in the second quarter worth about $45,000. Thurston Springer Miller Herd & Titak Inc. raised its position in shares of SEI Investments by 252.1% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 507 shares of the asset manager’s stock valued at $46,000 after purchasing an additional 363 shares during the period. Finally, Employees Retirement System of Texas bought a new stake in shares of SEI Investments in the second quarter valued at approximately $81,000. Hedge funds and other institutional investors own 70.59% of the company’s stock.

SEI Investments Price Performance

Shares of SEI Investments stock opened at $81.25 on Friday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 5.62 and a current ratio of 5.73. SEI Investments Company has a 52-week low of $64.66 and a 52-week high of $93.96. The company has a fifty day moving average of $81.98 and a 200-day moving average of $85.75. The stock has a market capitalization of $9.95 billion, a price-to-earnings ratio of 14.94 and a beta of 0.98.

SEI Investments (NASDAQ:SEIC) last issued its earnings results on Wednesday, October 22nd. The asset manager reported $1.30 EPS for the quarter, topping analysts’ consensus estimates of $1.25 by $0.05. SEI Investments had a net margin of 31.09% and a return on equity of 30.21%. The company had revenue of $578.51 million for the quarter, compared to analysts’ expectations of $578.75 million. During the same quarter last year, the company earned $1.19 EPS. The firm’s revenue was up 7.6% compared to the same quarter last year. Equities research analysts expect that SEI Investments Company will post 4.86 EPS for the current year.

SEI Investments declared that its Board of Directors has approved a stock 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 shares through open market purchases. Shares repurchase programs are usually an indication that the company’s leadership believes its shares are undervalued.

Insider Activity

In other news, Director Carl Guarino sold 10,000 shares of the business’s stock in a transaction dated Tuesday, September 23rd. The stock was sold at an average price of $86.41, for a total value of $864,100.00. Following the completion of the sale, the director owned 16,042 shares of the company’s stock, valued at approximately $1,386,189.22. The trade was a 38.40% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Kathryn Mccarthy sold 10,000 shares of the stock in a transaction dated Monday, September 29th. The shares were sold at an average price of $85.66, for a total value of $856,600.00. Following the sale, the director owned 75,641 shares of the company’s stock, valued at $6,479,408.06. This represents a 11.68% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 14.60% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research firms recently commented on SEIC. Zacks Research downgraded shares of SEI Investments from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 11th. Raymond James Financial increased their target price on SEI Investments from $118.00 to $120.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 14th. Keefe, Bruyette & Woods reduced their price target on SEI Investments from $98.00 to $93.00 and set a “market perform” rating for the company in a research report on Monday, October 13th. Morgan Stanley boosted their price objective on SEI Investments from $105.00 to $115.00 and gave the company an “overweight” rating in a research note on Friday, September 19th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of SEI Investments in a report on Wednesday, October 8th. Four research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $104.40.

About SEI Investments

SEI Investments Company is a publicly owned asset management holding company. Through its subsidiaries, the firm provides wealth management, retirement and investment solutions, asset management, asset administration, investment processing outsourcing solutions, financial services, and investment advisory services to its clients.