7,624 Shares in SEI Investments Company $SEIC Purchased by Globeflex Capital L P

Globeflex Capital L P purchased a new stake in shares of SEI Investments Company (NASDAQ:SEIC) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 7,624 shares of the asset manager’s stock, valued at approximately $669,000.

Other large investors have also recently added to or reduced their stakes in the company. Elevation Wealth Partners LLC grew its holdings in shares of SEI Investments by 96.8% during the 2nd quarter. Elevation Wealth Partners LLC now owns 309 shares of the asset manager’s stock worth $27,000 after purchasing an additional 152 shares in the last quarter. CIBC Private Wealth Group LLC raised its stake in shares of SEI Investments by 353.1% in the third quarter. CIBC Private Wealth Group LLC now owns 435 shares of the asset manager’s stock valued at $37,000 after purchasing an additional 339 shares in the last quarter. Root Financial Partners LLC raised its stake in shares of SEI Investments by 40.8% in the first quarter. Root Financial Partners LLC now owns 487 shares of the asset manager’s stock valued at $38,000 after purchasing an additional 141 shares in the last quarter. Geneos Wealth Management Inc. lifted its position in SEI Investments by 60.2% in 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. Finally, CX Institutional lifted its position in SEI Investments by 44.6% in the second quarter. CX Institutional now owns 532 shares of the asset manager’s stock worth $47,000 after purchasing an additional 164 shares during the period. Institutional investors and hedge funds own 70.59% of the company’s stock.

SEI Investments Stock Up 0.2%

Shares of NASDAQ:SEIC opened at $110.98 on Wednesday. SEI Investments Company has a 52 week low of $75.08 and a 52 week high of $111.90. The company has a debt-to-equity ratio of 0.06, a quick ratio of 4.96 and a current ratio of 5.06. The company’s fifty day moving average is $98.82 and its 200-day moving average is $89.14. The company has a market capitalization of $13.32 billion, a PE ratio of 19.57 and a beta of 0.96.

SEI Investments (NASDAQ:SEIC) last posted its earnings results on Wednesday, July 22nd. The asset manager reported $1.66 earnings per share for the quarter, topping the consensus estimate of $1.44 by $0.22. The business had revenue of $641.62 million for the quarter, compared to analyst estimates of $636.35 million. SEI Investments had a net margin of 28.85% and a return on equity of 29.16%. The firm’s quarterly revenue was up 14.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.78 EPS. Equities research analysts predict that SEI Investments Company will post 6.2 earnings per share for the current fiscal year.

Insider Transactions at SEI Investments

In other SEI Investments news, insider Mark Andrew Warner sold 15,000 shares of the company’s stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $102.35, for a total transaction of $1,535,250.00. Following the sale, the insider directly owned 921 shares of the company’s stock, valued at approximately $94,264.35. This represents a 94.22% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Alfred P. West, Jr. sold 50,000 shares of the firm’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 transaction of $4,362,500.00. Following the sale, the chairman directly owned 6,825,783 shares of the company’s stock, valued at approximately $595,549,566.75. The trade was 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 142,332 shares of company stock valued at $13,745,813. 4.80% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Weiss Ratings reiterated a “buy (b)” rating on shares of SEI Investments in a research note on Friday, July 17th. Raymond James Financial increased their price objective on shares of SEI Investments from $122.00 to $124.00 and gave the company an “outperform” rating in a research note on Monday, July 6th. Morgan Stanley lifted their target price on shares of SEI Investments from $115.00 to $125.00 and gave the company an “overweight” rating in a research report on Thursday, July 23rd. Zacks Research cut shares of SEI Investments from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 21st. Finally, UBS Group reissued a “buy” rating and issued a $125.00 price target on shares of SEI Investments in a research report on Thursday, July 23rd. Six investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $122.60.

SEI Investments Profile

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.