Inscription Capital LLC Purchases New Shares in SEI Investments Company $SEIC

Inscription Capital LLC purchased a new position in shares of SEI Investments Company (NASDAQ:SEIC) during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 6,704 shares of the asset manager’s stock, valued at approximately $569,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SEIC. Root Financial Partners LLC acquired a new position in shares of SEI Investments during the third quarter worth approximately $28,000. SJS Investment Consulting Inc. boosted its holdings in SEI Investments by 142.9% in the third quarter. SJS Investment Consulting Inc. now owns 357 shares of the asset manager’s stock valued at $30,000 after acquiring an additional 210 shares during the last quarter. CoreFirst Bank & Trust acquired a new stake in SEI Investments in the second quarter worth about $34,000. Addison Advisors LLC raised its holdings in SEI Investments by 117.6% during the 2nd quarter. Addison Advisors LLC now owns 457 shares of the asset manager’s stock worth $41,000 after purchasing an additional 247 shares during the last quarter. Finally, Geneos Wealth Management Inc. lifted its position in 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 purchasing an additional 200 shares during the period. Institutional investors and hedge funds own 70.59% of the company’s stock.

Insiders Place Their Bets

In other SEI Investments news, Chairman Alfred P. West, Jr. sold 24,770 shares of the firm’s stock in a transaction that occurred on Wednesday, December 3rd. The stock was sold at an average price of $80.87, for a total value of $2,003,149.90. Following the completion of the transaction, the chairman directly owned 6,942,812 shares in the company, valued at $561,465,206.44. This trade represents a 0.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 14.60% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research firms recently weighed in on SEIC. Raymond James Financial reissued an “outperform” rating and set a $117.00 price target on shares of SEI Investments in a research note on Monday, January 5th. Piper Sandler raised SEI Investments from a “neutral” rating to an “overweight” rating and increased their target price for the company from $93.00 to $102.00 in a research note on Tuesday, December 23rd. Keefe, Bruyette & Woods lifted their price objective on shares of SEI Investments from $97.00 to $102.00 and gave the stock an “outperform” rating in a research note on Thursday, January 8th. Zacks Research cut shares of SEI Investments from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 11th. Finally, Morgan Stanley boosted their target price on SEI Investments from $115.00 to $117.00 and gave the company an “overweight” rating in a research note on Tuesday, January 6th. Six equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $107.80.

SEI Investments Trading Up 2.7%

NASDAQ SEIC opened at $85.97 on Thursday. SEI Investments Company has a 52 week low of $64.66 and a 52 week high of $93.96. The company has a debt-to-equity ratio of 0.04, a quick ratio of 5.62 and a current ratio of 5.73. The stock’s 50 day moving average price is $83.08 and its two-hundred day moving average price is $85.40. The stock has a market capitalization of $10.53 billion, a price-to-earnings ratio of 15.80 and a beta of 0.97.

SEI Investments (NASDAQ:SEIC) last announced its quarterly earnings data on Wednesday, October 22nd. The asset manager reported $1.30 EPS for the quarter, topping analysts’ consensus estimates of $1.25 by $0.05. SEI Investments had a net margin of 31.09% and a return on equity of 30.21%. The business had revenue of $578.51 million for the quarter, compared to analyst estimates of $578.75 million. During the same quarter in the previous year, the firm posted $1.19 earnings per share. The firm’s revenue for the quarter was up 7.6% on a year-over-year basis. As a group, analysts anticipate that SEI Investments Company will post 4.86 earnings per share for the current fiscal year.

SEI Investments announced that its Board of Directors has approved a share repurchase plan on Friday, October 24th that permits the company to repurchase $650.00 million in shares. This repurchase authorization permits the asset manager to buy up to 6.4% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board of directors believes its stock is undervalued.

SEI Investments Dividend Announcement

The business also recently announced a dividend, which was paid on Monday, January 12th. Investors of record on Monday, December 29th were issued a dividend of $0.52 per share. This represents a yield of 124.0%. The ex-dividend date was Monday, December 29th. SEI Investments’s dividend payout ratio is presently 19.12%.

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.