Gibbs Wealth Management Acquires 7,837 Shares of SEI Investments Company $SEIC

Gibbs Wealth Management increased its stake in SEI Investments Company (NASDAQ:SEIC) by 280.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,627 shares of the asset manager’s stock after acquiring an additional 7,837 shares during the period. Gibbs Wealth Management’s holdings in SEI Investments were worth $834,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in SEIC. Globeflex Capital L P purchased a new stake in SEI Investments during the first quarter valued at approximately $510,000. Cetera Investment Advisers boosted its holdings in shares of SEI Investments by 31.4% in the 1st quarter. Cetera Investment Advisers now owns 38,040 shares of the asset manager’s stock worth $2,985,000 after purchasing an additional 9,086 shares during the period. Southernsun Asset Management LLC increased its position in shares of SEI Investments by 1.4% during the 1st quarter. Southernsun Asset Management LLC now owns 67,403 shares of the asset manager’s stock valued at $5,289,000 after purchasing an additional 913 shares during the last quarter. First Trust Advisors LP increased its position in shares of SEI Investments by 1.2% during the 1st quarter. First Trust Advisors LP now owns 1,822,669 shares of the asset manager’s stock valued at $143,025,000 after purchasing an additional 21,731 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its holdings in SEI Investments by 1.1% during the 1st quarter. PNC Financial Services Group Inc. now owns 28,666 shares of the asset manager’s stock valued at $2,249,000 after buying an additional 302 shares during the period. 70.59% of the stock is owned by institutional investors.

Insider Transactions at SEI Investments

In other SEI Investments news, Director Kathryn Mccarthy sold 10,000 shares of the business’s stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $91.07, for a total value of $910,700.00. Following the completion of the sale, the director directly owned 77,883 shares of the company’s stock, valued at $7,092,804.81. The trade was a 11.38% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Mark Andrew Warner sold 4,000 shares of the company’s stock in a transaction dated Tuesday, April 28th. The stock was sold at an average price of $91.16, for a total transaction of $364,640.00. Following the completion of the transaction, the insider owned 921 shares in the company, valued at $83,958.36. This represents a 81.28% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 71,332 shares of company stock worth $6,278,583. Insiders own 4.80% of the company’s stock.

Analyst Ratings Changes

SEIC has been the subject of a number of analyst reports. Keefe, Bruyette & Woods raised their price target on SEI Investments from $113.00 to $119.00 and gave the stock an “outperform” rating in a research report on Thursday. Weiss Ratings reiterated a “buy (b)” rating on shares of SEI Investments in a research report on Friday, July 17th. Wall Street Zen raised shares of SEI Investments from a “hold” rating to a “buy” rating in a research note on Saturday. Morgan Stanley raised their target price on shares of SEI Investments from $115.00 to $125.00 and gave the stock an “overweight” rating in a report on Thursday. Finally, Piper Sandler upped their price target on shares of SEI Investments from $114.00 to $120.00 and gave the company an “overweight” rating in a report on Thursday. Six research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $122.60.

Key Headlines Impacting SEI Investments

Here are the key news stories impacting SEI Investments this week:

• Positive Sentiment: SEI posted Q2 earnings of $1.66 per share, beating estimates, while revenue rose to $641.6 million and sales/AUM metrics topped expectations, reinforcing the view that business momentum remains solid. Article Title
• Positive Sentiment: Management’s Q2 call highlighted record growth and expanding margins, which suggests operating leverage is improving and may support earnings growth ahead. Article Title
• Positive Sentiment: Analysts turned more constructive after earnings: Morgan Stanley raised its price target to $125 with an overweight rating, and Keefe, Bruyette & Woods lifted its target to $119 with an outperform rating, both signaling higher expectations for the stock. Article Title
• Positive Sentiment: Consensus earnings estimates have been revised higher, which often supports shares when investors see improving forward fundamentals. Article Title
• Neutral Sentiment: Recent short-interest data showed no meaningful short position reported, so there is no clear bearish squeeze or short-selling signal driving the move. Article Title

SEI Investments Price Performance

SEIC opened at $99.22 on Friday. The business has a fifty day moving average of $91.71 and a 200 day moving average of $86.14. SEI Investments Company has a 52-week low of $75.08 and a 52-week high of $102.29. The company has a quick ratio of 4.40, a current ratio of 5.06 and a debt-to-equity ratio of 0.06. The stock has a market cap of $11.93 billion, a P/E ratio of 17.50 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. SEI Investments had a return on equity of 29.16% and a net margin of 28.85%.The company had revenue of $641.62 million for the quarter, compared to the consensus estimate of $636.35 million. During the same quarter in the prior year, the company posted $1.78 EPS. SEI Investments’s quarterly revenue was up 14.7% on a year-over-year basis. As a group, sell-side analysts anticipate that SEI Investments Company will post 6.2 EPS for the current year.

SEI Investments Announces Dividend

The business also recently declared a dividend, which was paid on Tuesday, June 16th. Stockholders of record on Monday, June 8th were issued a $0.52 dividend. The ex-dividend date was Monday, June 8th. This represents a dividend yield of 118.0%. SEI Investments’s dividend payout ratio is presently 17.75%.

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.