Inspire Investing LLC Acquires 7,291 Shares of SEI Investments Company $SEIC

Inspire Investing LLC increased its holdings in SEI Investments Company (NASDAQ:SEIC) by 25.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 35,391 shares of the asset manager’s stock after acquiring an additional 7,291 shares during the period. Inspire Investing LLC’s holdings in SEI Investments were worth $3,180,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Aberdeen Group plc grew its holdings in shares of SEI Investments by 49.7% in the second quarter. Aberdeen Group plc now owns 5,064 shares of the asset manager’s stock valued at $455,000 after acquiring an additional 1,682 shares in the last quarter. US Bancorp DE grew its holdings in shares of SEI Investments by 3.9% in the second quarter. US Bancorp DE now owns 38,204 shares of the asset manager’s stock valued at $3,433,000 after acquiring an additional 1,433 shares in the last quarter. 111 Capital bought a new position in SEI Investments during the second quarter valued at $941,000. QRG Capital Management Inc. bought a new position in SEI Investments during the second quarter valued at $211,000. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its holdings in SEI Investments by 39.3% during the second quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 5,830 shares of the asset manager’s stock valued at $524,000 after purchasing an additional 1,645 shares during the period. 70.59% of the stock is owned by institutional investors.

Analyst Ratings Changes

SEIC has been the subject of several research reports. Weiss Ratings reissued a “buy (b)” rating on shares of SEI Investments in a report on Wednesday. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $98.00 price objective (down from $100.00) on shares of SEI Investments in a report on Thursday, July 24th. Oppenheimer increased their price objective on SEI Investments from $96.00 to $101.00 and gave the company an “outperform” rating in a report on Tuesday, July 8th. Zacks Research lowered SEI Investments from a “strong-buy” rating to a “hold” rating in a report on Monday, September 1st. Finally, Piper Sandler reduced their price objective on SEI Investments from $96.00 to $93.00 and set a “neutral” rating for the company in a report on Thursday, July 24th. Four research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, SEI Investments presently has an average rating of “Moderate Buy” and a consensus target price of $105.00.

Insiders Place Their Bets

In related news, Director Kathryn Mccarthy sold 10,000 shares of SEI Investments stock in a transaction on Monday, September 29th. The stock was sold at an average price of $85.66, for a total transaction of $856,600.00. Following the completion of the sale, the director owned 75,641 shares of the company’s stock, valued at approximately $6,479,408.06. This trade represents a 11.68% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Mark Andrew Warner sold 5,000 shares of SEI Investments stock in a transaction on Tuesday, July 29th. The shares were sold at an average price of $88.75, for a total value of $443,750.00. Following the sale, the insider directly owned 1,300 shares of the company’s stock, valued at $115,375. This represents a 79.37% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 60,000 shares of company stock worth $5,254,950 over the last three months. Corporate insiders own 14.60% of the company’s stock.

SEI Investments Stock Performance

Shares of NASDAQ SEIC opened at $81.22 on Friday. The stock has a market cap of $10.04 billion, a PE ratio of 15.24, a price-to-earnings-growth ratio of 1.27 and a beta of 0.96. SEI Investments Company has a fifty-two week low of $64.66 and a fifty-two week high of $93.96. The stock has a fifty day moving average of $87.10 and a 200-day moving average of $84.33.

SEI Investments (NASDAQ:SEIC) last announced its quarterly earnings results on Wednesday, July 23rd. The asset manager reported $1.78 earnings per share for the quarter, beating the consensus estimate of $1.18 by $0.60. The company had revenue of $559.60 million during the quarter, compared to analysts’ expectations of $550.72 million. SEI Investments had a return on equity of 29.96% and a net margin of 31.25%.The firm’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same period in the previous year, the business earned $1.05 earnings per share. On average, sell-side analysts predict that SEI Investments Company will post 4.86 EPS for the current year.

SEI Investments Company Profile

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.