10,915 Shares in SEI Investments Company $SEIC Acquired by Ifrah Financial Services Inc.

Ifrah Financial Services Inc. acquired a new stake in SEI Investments Company (NASDAQ:SEIC) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 10,915 shares of the asset manager’s stock, valued at approximately $1,120,000.

Other large investors have also made changes to their positions in the company. Elevation Wealth Partners LLC lifted its position in shares of SEI Investments by 41.7% during the 3rd quarter. Elevation Wealth Partners LLC now owns 438 shares of the asset manager’s stock valued at $45,000 after buying an additional 129 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in SEI Investments by 7.4% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,920 shares of the asset manager’s stock valued at $168,000 after acquiring an additional 133 shares during the period. Root Financial Partners LLC grew its stake in SEI Investments by 40.8% in the 1st quarter. Root Financial Partners LLC now owns 487 shares of the asset manager’s stock valued at $38,000 after acquiring an additional 141 shares during the period. Glenmede Trust Co. NA grew its stake in SEI Investments by 1.2% in the 1st quarter. Glenmede Trust Co. NA now owns 12,296 shares of the asset manager’s stock valued at $965,000 after acquiring an additional 149 shares during the period. Finally, CX Institutional increased its holdings in SEI Investments by 44.6% in the 2nd quarter. CX Institutional now owns 532 shares of the asset manager’s stock worth $47,000 after acquiring an additional 164 shares in the last quarter. 70.59% of the stock is owned by institutional investors and hedge funds.

SEI Investments Price Performance

Shares of SEI Investments stock opened at $105.51 on Wednesday. The stock has a market capitalization of $12.66 billion, a P/E ratio of 18.61 and a beta of 0.97. The business has a 50 day simple moving average of $106.39 and a two-hundred day simple moving average of $95.51. SEI Investments Company has a 12 month low of $75.08 and a 12 month high of $112.15. The company has a debt-to-equity ratio of 0.06, a current ratio of 5.06 and a quick ratio of 4.96.

SEI Investments (NASDAQ:SEIC) last issued its quarterly earnings results on Wednesday, July 22nd. The asset manager reported $1.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.44 by $0.22. SEI Investments had a return on equity of 29.16% and a net margin of 28.85%. The firm had revenue of $641.62 million for the quarter, compared to analyst estimates of $636.35 million. During the same period in the previous year, the company posted $1.78 earnings per share. The business’s revenue was up 14.7% on a year-over-year basis. As a group, analysts predict that SEI Investments Company will post 6.21 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have weighed in on SEIC. Weiss Ratings upgraded shares of SEI Investments from a “buy (b)” rating to a “buy (b+)” rating in a research report on Thursday, October 8th. Raymond James Financial increased their price objective on shares of SEI Investments from $122.00 to $124.00 and gave the company an “outperform” rating in a report on Monday, July 6th. Wells Fargo & Company assumed coverage on shares of SEI Investments in a research report on Friday, October 2nd. They issued an “overweight” rating and a $129.00 target price on the stock. 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, Wall Street Zen raised shares of SEI Investments from a “hold” rating to a “buy” rating in a research note on Saturday, July 25th. Eight equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $123.67.

Insider Transactions at SEI Investments

In other SEI Investments news, insider Mark Warner sold 15,000 shares of the firm’s stock in a transaction on 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 transaction, the insider owned 921 shares in the company, valued at approximately $94,264.35. This trade represents a 94.22% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Philip McCabe sold 24,957 shares of the firm’s stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $105.04, for a total value of $2,621,483.28. Following the completion of the transaction, the insider owned 54,884 shares in the company, valued at $5,765,015.36. The trade was a 31.26% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 158,777 shares of company stock worth $16,642,433 in the last quarter. 4.80% of the stock is owned by insiders.

SEI Investments Profile

SEI Investments Company (NASDAQ:SEIC) is a global provider of investment processing, management, and operations solutions. The company serves financial institutions, wealth managers, asset managers, investment managers, and institutional investors through technology-enabled platforms and outsourced services.

Its offerings include investment accounting, fund administration, portfolio management, compliance support, wealth management technology, and data and analytics solutions. SEI also provides investment strategies and manages assets for institutions, advisors, and private clients through its investment management business.

Founded in 1968 by Alfred P.