iSAM Funds UK Ltd Invests $649,000 in SEI Investments Company $SEIC

iSAM Funds UK Ltd purchased a new stake in SEI Investments Company (NASDAQ:SEIC) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 7,400 shares of the asset manager’s stock, valued at approximately $649,000.

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

SEI Investments Stock Down 0.4%

SEIC stock opened at $109.12 on Thursday. SEI Investments Company has a 12-month low of $75.08 and a 12-month high of $112.15. The company has a quick ratio of 4.96, a current ratio of 5.06 and a debt-to-equity ratio of 0.06. The company has a market cap of $13.10 billion, a price-to-earnings ratio of 19.25 and a beta of 0.97. The company has a 50 day moving average of $101.29 and a two-hundred day moving average of $90.33.

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

Analysts Set New Price Targets

SEIC has been the topic of several research analyst reports. Weiss Ratings reiterated a “buy (b)” rating on shares of SEI Investments in a research report on Friday, July 17th. Wall Street Zen raised SEI Investments from a “hold” rating to a “buy” rating in a research report on Saturday, July 25th. Keefe, Bruyette & Woods lifted their price target on SEI Investments from $113.00 to $119.00 and gave the company an “outperform” rating in a report on Thursday, July 23rd. Piper Sandler upped their price target on SEI Investments from $114.00 to $120.00 and gave the company an “overweight” rating in a research report on Thursday, July 23rd. Finally, UBS Group reissued a “buy” rating and issued a $125.00 price objective on shares of SEI Investments in a research note on Thursday, July 23rd. Six equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, SEI Investments has a consensus rating of “Moderate Buy” and a consensus target price of $122.60.

Insider Transactions at SEI Investments

In other SEI Investments news, insider Sanjay Sharma sold 20,000 shares of the company’s stock in a transaction dated Friday, July 24th. The stock was sold at an average price of $99.33, for a total value of $1,986,600.00. Following the transaction, the insider directly owned 39,829 shares of the company’s stock, valued at $3,956,214.57. This represents a 33.43% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Mark Andrew Warner sold 15,000 shares of the company’s stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $102.35, for a total value of $1,535,250.00. Following the completion of the transaction, the insider directly owned 921 shares in the company, valued at approximately $94,264.35. The trade was a 94.22% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 142,332 shares of company stock valued at $13,745,813. Corporate insiders own 4.80% of the company’s stock.

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.