12,202 Shares in SEI Investments Company $SEIC Acquired by Quantbot Technologies LP

Quantbot Technologies LP acquired a new position in shares of SEI Investments Company (NASDAQ:SEIC) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 12,202 shares of the asset manager’s stock, valued at approximately $1,070,000.

A number of other institutional investors also recently bought and sold shares of SEIC. EP Wealth Advisors LLC acquired a new stake in SEI Investments in the second quarter valued at $249,000. Bard Associates Inc. acquired a new position in shares of SEI Investments during the 2nd quarter worth $106,000. Callan Family Office LLC acquired a new position in shares of SEI Investments during the 2nd quarter worth $2,891,000. Keating Financial Advisory Services Inc. purchased a new stake in shares of SEI Investments in the 2nd quarter worth about $70,000. Finally, Allworth Financial LP purchased a new stake in shares of SEI Investments in the 2nd quarter worth about $77,000. 70.59% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on SEIC shares. Keefe, Bruyette & Woods increased their price objective on shares of SEI Investments from $113.00 to $119.00 and gave the company an “outperform” rating in a research note on Thursday, July 23rd. Piper Sandler lifted their target price on shares of SEI Investments from $114.00 to $120.00 and gave the stock an “overweight” rating in a research report on Thursday, July 23rd. Morgan Stanley upped their price target on shares of SEI Investments from $115.00 to $125.00 and gave the company an “overweight” rating in a report on Thursday, July 23rd. Weiss Ratings reiterated a “buy (b)” rating on shares of SEI Investments in a research report on Friday, July 17th. Finally, Wall Street Zen raised shares of SEI Investments from a “hold” rating to a “buy” rating in a research note on Saturday, July 25th. Six investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, SEI Investments presently has a consensus rating of “Moderate Buy” and an average price target of $122.60.

SEI Investments Stock Up 0.2%

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

SEI Investments (NASDAQ:SEIC) last announced its earnings results on Wednesday, July 22nd. The asset manager reported $1.66 earnings per share 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 firm had revenue of $641.62 million during the quarter, compared to the consensus estimate of $636.35 million. During the same quarter in the previous year, the company posted $1.78 EPS. The firm’s revenue for the quarter was up 14.7% on a year-over-year basis. As a group, equities research analysts anticipate that SEI Investments Company will post 6.2 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Philip Mccabe sold 24,957 shares of the firm’s stock in a transaction that occurred on 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 sale, the insider owned 54,884 shares in the company, valued at approximately $5,765,015.36. This trade represents a 31.26% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Sanjay Sharma sold 20,000 shares of SEI Investments stock in a transaction that occurred on Friday, July 24th. The stock was sold at an average price of $99.33, for a total transaction of $1,986,600.00. Following the completion of the sale, the insider directly owned 39,829 shares of the company’s stock, valued at $3,956,214.57. The trade was a 33.43% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 142,332 shares of company stock valued at $13,745,813. 4.80% of the stock is currently owned by insiders.

SEI Investments Company 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.