SEI Investments Company $SEIC Shares Purchased by Simplicity Wealth LLC

Simplicity Wealth LLC increased its holdings in SEI Investments Company (NASDAQ:SEIC) by 83.1% during the third quarter, Holdings Channel reports. The firm owned 11,739 shares of the asset manager’s stock after acquiring an additional 5,329 shares during the quarter. Simplicity Wealth LLC’s holdings in SEI Investments were worth $1,205,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in SEIC. NTV Asset Management LLC bought a new stake in shares of SEI Investments during the third quarter valued at approximately $205,000. Evergreen Capital Management LLC lifted its holdings in shares of SEI Investments by 1.3% in the third quarter. Evergreen Capital Management LLC now owns 13,119 shares of the asset manager’s stock worth $1,347,000 after buying an additional 165 shares in the last quarter. Gibbs Wealth Management lifted its holdings in shares of SEI Investments by 11.1% in the third quarter. Gibbs Wealth Management now owns 11,471 shares of the asset manager’s stock worth $1,178,000 after buying an additional 1,142 shares in the last quarter. Yousif Capital Management LLC boosted its position in shares of SEI Investments by 7.0% during the third quarter. Yousif Capital Management LLC now owns 28,082 shares of the asset manager’s stock worth $2,883,000 after acquiring an additional 1,841 shares during the last quarter. Finally, Root Financial Partners LLC bought a new position in shares of SEI Investments during the third quarter worth $61,000. 70.59% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. William Blair raised shares of SEI Investments from a “market perform” rating to an “outperform” rating in a research note on Tuesday, September 15th. UBS Group reiterated a “buy” rating and issued a $125.00 price target on shares of SEI Investments in a research note on Thursday, July 23rd. Piper Sandler reiterated an “overweight” rating and issued a $129.00 price target (up from $127.00) on shares of SEI Investments in a research note on Thursday, October 22nd. Weiss Ratings raised shares of SEI Investments from a “buy (b+)” rating to a “buy (a-)” rating in a report on Monday. Finally, Wall Street Zen upgraded SEI Investments from a “hold” rating to a “buy” rating in a research report on Saturday, July 25th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $125.50.

Insider Activity

In other news, CEO Ryan Hicke sold 37,500 shares of SEI Investments stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $110.71, for a total value of $4,151,625.00. Following the completion of the transaction, the chief executive officer owned 192,815 shares in the company, valued at approximately $21,346,548.65. The trade was a 16.28% 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, Director Kathryn McCarthy sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $103.53, for a total value of $1,035,300.00. Following the transaction, the director directly owned 77,883 shares in the company, valued at approximately $8,063,226.99. This represents a 11.38% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 113,777 shares of company stock worth $12,088,683. 4.80% of the stock is owned by insiders.

SEI Investments Price Performance

NASDAQ:SEIC opened at $102.88 on Wednesday. SEI Investments Company has a 1 year low of $75.08 and a 1 year high of $112.15. The stock’s 50 day simple moving average is $106.21 and its two-hundred day simple moving average is $92.61. The company has a market cap of $12.35 billion, a price-to-earnings ratio of 17.89 and a beta of 0.97.

SEI Investments (NASDAQ:SEIC) last issued its quarterly earnings data on Wednesday, October 21st. The asset manager reported $1.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.58 by $0.06. The firm had revenue of $662.04 million for the quarter, compared to analysts’ expectations of $656.25 million. During the same period last year, the company earned $1.30 earnings per share. The firm’s revenue was up 14.4% on a year-over-year basis. As a group, analysts anticipate that SEI Investments Company will post 6.31 EPS for the current year.

SEI Investments Profile

SEI Investments Company is a financial technology and investment services provider headquartered in Oaks, Pennsylvania. Founded in 1968, the company delivers technology, operations, and investment solutions that help financial institutions and investment professionals manage client assets and business processes.

SEI’s offerings include wealth management and investment processing platforms, portfolio accounting, data management, compliance support, and outsourced middle- and back-office services.