Inspire Investing LLC Has $3.50 Million Stock Holdings in SEI Investments Company $SEIC

Inspire Investing LLC lifted its position in SEI Investments Company (NASDAQ:SEIC) by 16.4% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 41,194 shares of the asset manager’s stock after purchasing an additional 5,803 shares during the quarter. Inspire Investing LLC’s holdings in SEI Investments were worth $3,495,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in SEIC. CoreFirst Bank & Trust acquired a new position in SEI Investments in the second quarter valued at about $34,000. Addison Advisors LLC boosted its holdings in shares of SEI Investments by 117.6% in the 2nd quarter. Addison Advisors LLC now owns 457 shares of the asset manager’s stock worth $41,000 after acquiring an additional 247 shares in the last quarter. Geneos Wealth Management Inc. grew its position in SEI Investments by 60.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 532 shares of the asset manager’s stock worth $41,000 after acquiring an additional 200 shares during the last quarter. Harbor Capital Advisors Inc. bought a new stake in SEI Investments during the 2nd quarter worth approximately $45,000. Finally, Thurston Springer Miller Herd & Titak Inc. increased its holdings in SEI Investments by 252.1% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 507 shares of the asset manager’s stock valued at $46,000 after purchasing an additional 363 shares in the last quarter. 70.59% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director Kathryn Mccarthy sold 10,000 shares of the business’s stock in a transaction on Monday, September 29th. The shares were sold at an average price of $85.66, for a total transaction of $856,600.00. Following the transaction, the director directly owned 75,641 shares in the company, valued at approximately $6,479,408.06. The trade was a 11.68% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Alfred P. West, Jr. sold 24,770 shares of the company’s stock in a transaction on Wednesday, December 3rd. The stock was sold at an average price of $80.87, for a total transaction of $2,003,149.90. Following the sale, the chairman directly owned 6,942,812 shares in the company, valued at $561,465,206.44. This trade represents a 0.36% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 14.60% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

SEIC has been the subject of a number of research reports. Weiss Ratings restated a “buy (b)” rating on shares of SEI Investments in a research note on Wednesday, October 8th. Raymond James Financial upped their price target on SEI Investments from $118.00 to $120.00 and gave the company an “outperform” rating in a research note on Tuesday, October 14th. Morgan Stanley boosted their price objective on SEI Investments from $105.00 to $115.00 and gave the stock an “overweight” rating in a report on Friday, September 19th. Keefe, Bruyette & Woods raised shares of SEI Investments from a “market perform” rating to an “outperform” rating and raised their target price for the company from $93.00 to $97.00 in a research note on Tuesday, December 16th. Finally, Zacks Research downgraded shares of SEI Investments from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 11th. Six analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $107.00.

SEI Investments Stock Performance

Shares of NASDAQ:SEIC opened at $86.50 on Thursday. The firm’s 50 day simple moving average is $81.70 and its 200 day simple moving average is $85.58. The company has a market capitalization of $10.59 billion, a price-to-earnings ratio of 15.90 and a beta of 0.98. SEI Investments Company has a fifty-two week low of $64.66 and a fifty-two week high of $93.96. The company has a debt-to-equity ratio of 0.04, a current ratio of 5.73 and a quick ratio of 5.62.

SEI Investments (NASDAQ:SEIC) last announced its quarterly earnings results on Wednesday, October 22nd. The asset manager reported $1.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.25 by $0.05. SEI Investments had a return on equity of 30.21% and a net margin of 31.09%.The company had revenue of $578.51 million during the quarter, compared to the consensus estimate of $578.75 million. During the same period in the prior year, the company earned $1.19 earnings per share. The company’s revenue for the quarter was up 7.6% compared to the same quarter last year. As a group, sell-side analysts forecast that SEI Investments Company will post 4.86 earnings per share for the current year.

SEI Investments announced that its Board of Directors has initiated a stock buyback plan on Friday, October 24th that permits the company to repurchase $650.00 million in shares. This repurchase authorization permits the asset manager to purchase up to 6.4% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its stock is undervalued.

SEI Investments Dividend Announcement

The company also recently announced a dividend, which will be paid on Monday, January 12th. Investors of record on Monday, December 29th will be given a $0.52 dividend. This represents a yield of 125.0%. The ex-dividend date of this dividend is Monday, December 29th. SEI Investments’s dividend payout ratio (DPR) is currently 18.01%.

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.