Tidal Investments LLC Increases Position in SEI Investments Company $SEIC

Tidal Investments LLC boosted its holdings in SEI Investments Company (NASDAQ:SEIC) by 40.4% in the second quarter, HoldingsChannel reports. The institutional investor owned 226,700 shares of the asset manager’s stock after purchasing an additional 65,207 shares during the quarter. Tidal Investments LLC’s holdings in SEI Investments were worth $19,884,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Northwestern Mutual Wealth Management Co. grew its position in shares of SEI Investments by 7.4% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,920 shares of the asset manager’s stock worth $168,000 after purchasing an additional 133 shares in the last quarter. Commerce Bank boosted its stake in SEI Investments by 1.3% in the 4th quarter. Commerce Bank now owns 10,060 shares of the asset manager’s stock worth $825,000 after purchasing an additional 133 shares during the period. Root Financial Partners LLC grew its holdings in SEI Investments by 40.8% during the 1st quarter. Root Financial Partners LLC now owns 487 shares of the asset manager’s stock valued at $38,000 after buying an additional 141 shares in the last quarter. Focus Partners Advisor Solutions LLC grew its holdings in SEI Investments by 1.2% during the 4th quarter. Focus Partners Advisor Solutions LLC now owns 11,957 shares of the asset manager’s stock valued at $981,000 after buying an additional 141 shares in the last quarter. Finally, Glenmede Trust Co. NA raised its position in shares of SEI Investments by 1.2% during the first quarter. Glenmede Trust Co. NA now owns 12,296 shares of the asset manager’s stock valued at $965,000 after buying an additional 149 shares during the last quarter. 70.59% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have issued reports on SEIC. Keefe, Bruyette & Woods lifted their price target on shares of SEI Investments from $113.00 to $119.00 and gave the company an “outperform” rating in a report on Thursday, July 23rd. Wall Street Zen raised shares of SEI Investments from a “hold” rating to a “buy” rating in a report on Saturday, July 25th. Morgan Stanley lifted their target price on SEI Investments from $115.00 to $125.00 and gave the stock an “overweight” rating in a report on Thursday, July 23rd. UBS Group reiterated a “buy” rating and issued a $125.00 target price on shares of SEI Investments in a research report on Thursday, July 23rd. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of SEI Investments in a research note on Friday, July 17th. Six investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, SEI Investments presently has an average rating of “Moderate Buy” and an average target price of $122.60.

Insider Transactions at SEI Investments

In related news, insider Philip McCabe sold 5,043 shares of the company’s stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $105.50, for a total transaction of $532,036.50. Following the completion of the sale, the insider directly owned 54,884 shares in the company, valued at $5,790,262. This represents a 8.42% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Mark Warner sold 15,000 shares of the 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. 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. Insiders sold a total of 179,832 shares of company stock valued at $17,897,438 over the last three months. 4.80% of the stock is currently owned by corporate insiders.

SEI Investments Price Performance

SEI Investments stock opened at $106.77 on Friday. SEI Investments Company has a 12-month low of $75.08 and a 12-month high of $112.15. The company has a current ratio of 5.06, a quick ratio of 4.96 and a debt-to-equity ratio of 0.06. The firm has a 50-day moving average price of $103.77 and a 200-day moving average price of $91.56. The firm has a market capitalization of $12.81 billion, a PE ratio of 18.83 and a beta of 0.97.

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

SEI Investments Company Profile

SEI Investments Company is a financial technology and investment solutions provider serving wealth managers, asset managers, institutional investors, banks and family offices. The company combines technology, outsourced operations and investment expertise to help clients manage portfolios, administer funds and support their broader financial businesses.

Its offerings include the SEI Wealth Platform, which provides technology and operating infrastructure for wealth management firms; investment processing and administration services; fund accounting and administration; and technology and operational support for investment managers.