Vest Financial LLC Increases Holdings in SEI Investments Company $SEIC

Vest Financial LLC lifted its holdings in SEI Investments Company (NASDAQ:SEIC) by 13.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 70,824 shares of the asset manager’s stock after acquiring an additional 8,281 shares during the period. Vest Financial LLC owned 0.06% of SEI Investments worth $5,809,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in SEIC. Root Financial Partners LLC bought a new position in SEI Investments in the 3rd quarter worth approximately $28,000. SJS Investment Consulting Inc. raised its position in shares of SEI Investments by 142.9% during the third quarter. SJS Investment Consulting Inc. now owns 357 shares of the asset manager’s stock valued at $30,000 after buying an additional 210 shares during the last quarter. Community Bank N.A. purchased a new position in shares of SEI Investments in the third quarter worth $35,000. Allworth Financial LP boosted its position in shares of SEI Investments by 44.0% during the third quarter. Allworth Financial LP now owns 432 shares of the asset manager’s stock worth $37,000 after acquiring an additional 132 shares during the last quarter. Finally, CIBC Private Wealth Group LLC grew its stake in SEI Investments by 353.1% during the third quarter. CIBC Private Wealth Group LLC now owns 435 shares of the asset manager’s stock valued at $37,000 after acquiring an additional 339 shares in the last quarter. Hedge funds and other institutional investors own 70.59% of the company’s stock.

SEI Investments Price Performance

SEIC stock opened at $91.39 on Wednesday. SEI Investments Company has a 52 week low of $75.08 and a 52 week high of $93.96. The firm has a market capitalization of $11.06 billion, a P/E ratio of 15.63 and a beta of 0.94. The company has a fifty day simple moving average of $80.32 and a two-hundred day simple moving average of $82.03. The company has a quick ratio of 4.40, a current ratio of 4.52 and a debt-to-equity ratio of 0.07.

SEI Investments (NASDAQ:SEIC) last posted its earnings results on Wednesday, April 22nd. The asset manager reported $1.44 earnings per share for the quarter, topping analysts’ consensus estimates of $1.29 by $0.15. SEI Investments had a net margin of 31.17% and a return on equity of 30.70%. The firm had revenue of $622.18 million for the quarter, compared to the consensus estimate of $641.82 million. During the same period in the previous year, the firm posted $1.17 EPS. The business’s quarterly revenue was up 12.9% on a year-over-year basis. Analysts anticipate that SEI Investments Company will post 5.9 earnings per share for the current fiscal year.

Insider Activity at SEI Investments

In other news, insider Mark Andrew Warner sold 4,000 shares of SEI Investments stock in a transaction that occurred on Wednesday, February 25th. The stock was sold at an average price of $81.74, for a total value of $326,960.00. Following the completion of the transaction, the insider owned 921 shares in the company, valued at approximately $75,282.54. The trade was a 81.28% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Alfred P. West, Jr. sold 7,447 shares of the business’s stock in a transaction that occurred on Wednesday, March 11th. The shares were sold at an average price of $79.26, for a total value of $590,249.22. Following the transaction, the chairman directly owned 6,875,783 shares in the company, valued at approximately $544,974,560.58. This represents a 0.11% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 186,447 shares of company stock valued at $15,948,959 over the last ninety days. 14.30% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on SEIC shares. Raymond James Financial reiterated an “outperform” rating and issued a $117.00 price target on shares of SEI Investments in a report on Monday, January 5th. Weiss Ratings restated a “buy (b)” rating on shares of SEI Investments in a research report on Tuesday, April 21st. Piper Sandler reaffirmed an “overweight” rating and issued a $105.00 target price (up from $99.00) on shares of SEI Investments in a report on Thursday, April 23rd. Morgan Stanley dropped their price target on SEI Investments from $119.00 to $108.00 and set an “overweight” rating for the company in a research note on Thursday, April 2nd. Finally, UBS Group initiated coverage on SEI Investments in a report on Wednesday, February 4th. They set a “buy” rating and a $115.00 price target for the company. Seven equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $108.83.

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.