Quantbot Technologies LP Takes Position in SEI Investments Company $SEIC

Quantbot Technologies LP acquired a new position in shares of SEI Investments Company (NASDAQ:SEIC) during the 2nd quarter, HoldingsChannel.com reports. The fund acquired 12,202 shares of the asset manager’s stock, valued at approximately $1,070,000.

Several other hedge funds have also modified their holdings of SEIC. Elevation Wealth Partners LLC increased its position in SEI Investments by 96.8% during the second quarter. Elevation Wealth Partners LLC now owns 309 shares of the asset manager’s stock worth $27,000 after purchasing an additional 152 shares during the last quarter. CIBC Private Wealth Group LLC boosted its holdings in shares of SEI Investments by 353.1% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 435 shares of the asset manager’s stock valued at $37,000 after purchasing an additional 339 shares during the last quarter. Root Financial Partners LLC boosted its holdings in shares of 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 purchasing an additional 141 shares during the last quarter. Geneos Wealth Management Inc. grew its stake in shares of SEI Investments by 60.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 532 shares of the asset manager’s stock valued at $41,000 after buying an additional 200 shares during the period. Finally, Western Wealth Management LLC purchased a new stake in shares of SEI Investments during the 1st quarter valued at $43,000. 70.59% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Raymond James Financial increased their target price on SEI Investments from $122.00 to $124.00 and gave the stock an “outperform” rating in a research report on Monday, July 6th. Weiss Ratings reissued a “buy (b)” rating on shares of SEI Investments in a research report on Friday, July 17th. Keefe, Bruyette & Woods upped their price target on SEI Investments from $113.00 to $119.00 and gave the stock an “outperform” rating in a research note on Thursday, July 23rd. Wall Street Zen upgraded SEI Investments from a “hold” rating to a “buy” rating in a report on Saturday, July 25th. Finally, Piper Sandler lifted their price objective on SEI Investments from $114.00 to $120.00 and gave the company an “overweight” rating in a research note on Thursday, July 23rd. Six investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $122.60.

Insider Activity at SEI Investments

In other news, Director Kathryn Mccarthy sold 10,000 shares of the stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $103.53, for a total value of $1,035,300.00. Following the completion of the sale, the director owned 77,883 shares in the company, valued at approximately $8,063,226.99. This trade represents a 11.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Sanjay Sharma sold 20,000 shares of the firm’s stock in a transaction dated Friday, July 24th. The shares were sold at an average price of $99.33, for a total value of $1,986,600.00. Following the sale, the insider owned 39,829 shares in the company, valued at approximately $3,956,214.57. The trade was a 33.43% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 142,332 shares of company stock valued at $13,745,813 over the last 90 days. Corporate insiders own 4.80% of the company’s stock.

SEI Investments Stock Performance

Shares of SEIC stock opened at $110.98 on Wednesday. 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 company has a market cap of $13.32 billion, a PE ratio of 19.57 and a beta of 0.96. The company’s fifty day simple moving average is $98.82 and its 200-day simple moving average is $89.14. SEI Investments Company has a 52 week low of $75.08 and a 52 week high of $111.90.

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

SEI Investments Company 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.