United Capital Financial Advisors LLC Buys Shares of 5,451 SEI Investments Company $SEIC

United Capital Financial Advisors LLC purchased a new position in shares of SEI Investments Company (NASDAQ:SEIC) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,451 shares of the asset manager’s stock, valued at approximately $478,000.

Other hedge funds have also recently modified their holdings of the company. BlackRock Inc. purchased a new stake in shares of SEI Investments in the second quarter valued at about $870,745,000. Bank of America Corp DE acquired a new stake in SEI Investments in the second quarter valued at about $255,067,000. Caisse de depot et placement du Quebec acquired a new stake in SEI Investments in the second quarter valued at about $87,924,000. Bank of New York Mellon Corp purchased a new stake in SEI Investments in the 2nd quarter valued at approximately $78,430,000. Finally, American Capital Management Inc. acquired a new position in SEI Investments during the 2nd quarter worth approximately $65,372,000. 70.59% of the stock is owned by institutional investors and hedge funds.

SEI Investments Stock Performance

SEIC opened at $110.98 on Tuesday. SEI Investments Company has a 1-year low of $75.08 and a 1-year high of $112.15. The stock has a market cap of $13.32 billion, a P/E ratio of 19.57 and a beta of 0.96. The stock’s 50 day simple moving average is $100.50 and its 200 day simple moving average is $89.90. The company has a debt-to-equity ratio of 0.06, a current ratio of 5.06 and a quick ratio of 4.96.

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

Insider Buying and Selling at SEI Investments

In related news, Director Kathryn Mccarthy sold 10,000 shares of the business’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $103.53, for a total value of $1,035,300.00. Following the sale, the director directly owned 77,883 shares in the company, valued at $8,063,226.99. The trade was a 11.38% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Philip Mccabe sold 24,957 shares of the stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $105.04, for a total transaction of $2,621,483.28. Following the completion of the sale, the insider directly owned 54,884 shares in the company, valued at approximately $5,765,015.36. The trade was a 31.26% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 142,332 shares of company stock worth $13,745,813. Insiders own 4.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on SEIC. Keefe, Bruyette & Woods increased their target price on SEI Investments from $113.00 to $119.00 and gave the stock an “outperform” rating in a research note on Thursday, July 23rd. UBS Group reissued a “buy” rating and issued a $125.00 target price on shares of SEI Investments in a report on Thursday, July 23rd. Zacks Research lowered shares of SEI Investments from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 21st. Raymond James Financial upped their price target on shares of SEI Investments from $122.00 to $124.00 and gave the stock an “outperform” rating in a research note on Monday, July 6th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of SEI Investments in a research note on Friday, July 17th. Six analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $122.60.

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.