SEI Investments Company $SEIC Holdings Increased by Inspire Investing LLC

Inspire Investing LLC lifted its stake in SEI Investments Company (NASDAQ:SEIC) by 16.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 43,655 shares of the asset manager’s stock after acquiring an additional 6,138 shares during the period. Inspire Investing LLC’s holdings in SEI Investments were worth $3,426,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Allworth Financial LP lifted its position in SEI Investments by 44.0% in the third quarter. Allworth Financial LP now owns 432 shares of the asset manager’s stock worth $37,000 after purchasing an additional 132 shares during the period. Commerce Bank raised its stake in shares of SEI Investments by 1.3% in the 4th quarter. Commerce Bank now owns 10,060 shares of the asset manager’s stock worth $825,000 after buying an additional 133 shares in the last quarter. Focus Partners Advisor Solutions LLC raised its stake in shares of SEI Investments by 1.2% in the 4th quarter. Focus Partners Advisor Solutions LLC now owns 11,957 shares of the asset manager’s stock worth $981,000 after buying an additional 141 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of SEI Investments by 10.4% in the fourth quarter. Farther Finance Advisors LLC now owns 1,704 shares of the asset manager’s stock valued at $140,000 after buying an additional 161 shares during the period. Finally, GAMMA Investing LLC boosted its stake in SEI Investments by 2.3% during the fourth quarter. GAMMA Investing LLC now owns 7,260 shares of the asset manager’s stock valued at $595,000 after buying an additional 164 shares in the last quarter. 70.59% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

SEIC has been the topic of a number of research analyst reports. Raymond James Financial reaffirmed an “outperform” rating and set a $82.00 target price on shares of SEI Investments in a report on Wednesday, April 29th. Morgan Stanley cut their price target on shares of SEI Investments from $119.00 to $108.00 and set an “overweight” rating for the company in a report on Thursday, April 2nd. Piper Sandler reaffirmed an “overweight” rating and issued a $105.00 price objective (up from $99.00) on shares of SEI Investments in a research note on Thursday, April 23rd. Keefe, Bruyette & Woods boosted their target price on shares of SEI Investments from $95.00 to $107.00 and gave the stock an “outperform” rating in a report on Thursday, April 23rd. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of SEI Investments in a research note on Tuesday, April 21st. Seven equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $103.00.

Insider Buying and Selling

In other news, insider Philip Mccabe sold 15,000 shares of SEI Investments stock in a transaction dated Thursday, April 23rd. The stock was sold at an average price of $91.82, for a total value of $1,377,300.00. Following the transaction, the insider directly owned 54,884 shares in the company, valued at approximately $5,039,448.88. The trade was a 21.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Mark Andrew Warner sold 4,000 shares of the stock in a transaction that occurred on Tuesday, April 28th. The shares were sold at an average price of $91.16, for a total value of $364,640.00. Following the sale, the insider owned 921 shares of the company’s stock, valued at approximately $83,958.36. The trade was a 81.28% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 111,332 shares of company stock valued at $9,908,883 in the last quarter. Insiders own 4.80% of the company’s stock.

SEI Investments Stock Down 0.9%

SEI Investments stock opened at $86.49 on Tuesday. SEI Investments Company has a twelve month low of $75.08 and a twelve month high of $93.96. The company has a debt-to-equity ratio of 0.07, a quick ratio of 4.40 and a current ratio of 4.52. The firm has a market cap of $10.40 billion, a PE ratio of 14.76 and a beta of 0.97. The firm’s 50 day moving average price is $89.27 and its two-hundred day moving average price is $84.56.

SEI Investments (NASDAQ:SEIC) last issued its earnings results on Wednesday, April 22nd. The asset manager reported $1.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.29 by $0.15. SEI Investments had a net margin of 31.17% and a return on equity of 30.70%. The company had revenue of $622.18 million during the quarter, compared to analyst estimates of $641.82 million. During the same quarter last year, the business posted $1.17 EPS. The company’s revenue for the quarter was up 12.9% on a year-over-year basis. On average, research analysts predict that SEI Investments Company will post 5.89 EPS 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 issued a dividend of $0.52 per share. This represents a yield of 118.0%. The ex-dividend date was Monday, June 8th. SEI Investments’s dividend payout ratio is 17.75%.

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.