Globeflex Capital L P Takes $669,000 Position in SEI Investments Company $SEIC

Globeflex Capital L P acquired a new stake in SEI Investments Company (NASDAQ:SEIC) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 7,624 shares of the asset manager’s stock, valued at approximately $669,000.

A number of other large investors have also recently bought and sold shares of the business. Commerce Bank increased its position in SEI Investments by 1.3% during the fourth quarter. Commerce Bank now owns 10,060 shares of the asset manager’s stock worth $825,000 after buying an additional 133 shares during the last quarter. Root Financial Partners LLC lifted its position in shares of SEI Investments by 40.8% in the first quarter. Root Financial Partners LLC now owns 487 shares of the asset manager’s stock worth $38,000 after buying an additional 141 shares during the last quarter. Focus Partners Advisor Solutions LLC lifted its position in shares of SEI Investments by 1.2% in the fourth quarter. Focus Partners Advisor Solutions LLC now owns 11,957 shares of the asset manager’s stock worth $981,000 after buying an additional 141 shares during the last quarter. Glenmede Trust Co. NA boosted its stake in shares of SEI Investments by 1.2% during the 1st quarter. Glenmede Trust Co. NA now owns 12,296 shares of the asset manager’s stock worth $965,000 after acquiring an additional 149 shares in the last quarter. Finally, Elevation Wealth Partners LLC boosted its stake in shares of SEI Investments by 96.8% during the 2nd quarter. Elevation Wealth Partners LLC now owns 309 shares of the asset manager’s stock worth $27,000 after acquiring an additional 152 shares in the last quarter. 70.59% of the stock is currently owned by institutional investors.

Insider Activity at SEI Investments

In other news, insider Mark Andrew Warner sold 15,000 shares of the stock in a transaction that occurred 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 completion of the sale, the insider directly owned 921 shares of the company’s stock, valued at approximately $94,264.35. This represents a 94.22% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Alfred P. West, Jr. sold 50,000 shares of the firm’s stock in a transaction on Friday, June 26th. The stock was sold at an average price of $87.25, for a total transaction of $4,362,500.00. Following the completion of the sale, the chairman owned 6,825,783 shares in the company, valued at approximately $595,549,566.75. The trade was a 0.73% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 142,332 shares of company stock valued at $13,745,813. 4.80% of the stock is owned by corporate insiders.

SEI Investments Trading Up 0.2%

Shares of NASDAQ:SEIC opened at $110.98 on Wednesday. The company has a market cap of $13.32 billion, a P/E ratio of 19.57 and a beta of 0.96. The stock’s 50-day moving average is $98.82 and its 200-day moving average is $89.14. SEI Investments Company has a 52-week low of $75.08 and a 52-week high of $111.90. The company has a debt-to-equity ratio of 0.06, a quick ratio of 4.96 and a current ratio of 5.06.

SEI Investments (NASDAQ:SEIC) last posted its quarterly earnings data on Wednesday, July 22nd. The asset manager reported $1.66 earnings per share for the quarter, topping 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 business had revenue of $641.62 million during the quarter, compared to analysts’ expectations of $636.35 million. During the same quarter in the previous year, the firm earned $1.78 EPS. The firm’s revenue was up 14.7% compared to the same quarter last year. Equities research analysts predict that SEI Investments Company will post 6.2 earnings per share for the current year.

Wall Street Analyst Weigh In

SEIC has been the topic of a number of recent analyst reports. Wall Street Zen raised SEI Investments from a “hold” rating to a “buy” rating in a research note on Saturday, July 25th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of SEI Investments in a research report on Friday, July 17th. Morgan Stanley increased their price target on SEI Investments from $115.00 to $125.00 and gave the company an “overweight” rating in a report on Thursday, July 23rd. UBS Group reissued a “buy” rating and issued a $125.00 price target on shares of SEI Investments in a research report on Thursday, July 23rd. Finally, Piper Sandler boosted their price objective on shares of SEI Investments from $114.00 to $120.00 and gave the stock 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 issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $122.60.

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.