Vest Financial LLC Purchases 8,281 Shares of SEI Investments Company $SEIC

Vest Financial LLC increased its position in shares of SEI Investments Company (NASDAQ:SEIC) by 13.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 70,824 shares of the asset manager’s stock after purchasing an additional 8,281 shares during the period. Vest Financial LLC’s holdings in SEI Investments were worth $5,809,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Root Financial Partners LLC purchased a new stake in SEI Investments in the 3rd quarter worth about $28,000. SJS Investment Consulting Inc. boosted its position in shares of SEI Investments by 142.9% during the third quarter. SJS Investment Consulting Inc. now owns 357 shares of the asset manager’s stock valued at $30,000 after buying an additional 210 shares during the period. Community Bank N.A. purchased a new position in shares of SEI Investments during the third quarter valued at approximately $35,000. Allworth Financial LP grew its stake in shares of SEI Investments by 44.0% during the third quarter. Allworth Financial LP now owns 432 shares of the asset manager’s stock valued at $37,000 after buying an additional 132 shares during the last quarter. Finally, CIBC Private Wealth Group LLC raised its holdings in shares of SEI Investments by 353.1% in the third quarter. CIBC Private Wealth Group LLC now owns 435 shares of the asset manager’s stock worth $37,000 after buying an additional 339 shares during the period. 70.59% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

SEIC has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods raised their price target on SEI Investments from $95.00 to $107.00 and gave the stock an “outperform” rating in a research note on Thursday, April 23rd. Raymond James Financial reissued an “outperform” rating and set a $117.00 target price on shares of SEI Investments in a research note on Monday, January 5th. Weiss Ratings restated a “buy (b)” rating on shares of SEI Investments in a report on Tuesday, April 21st. UBS Group assumed coverage on shares of SEI Investments in a research note on Wednesday, February 4th. They issued a “buy” rating and a $115.00 price target on the stock. Finally, Piper Sandler reissued an “overweight” rating and issued a $105.00 price objective (up from $99.00) on shares of SEI Investments in a research report on Thursday, April 23rd. Seven analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, SEI Investments presently has an average rating of “Moderate Buy” and a consensus target price of $108.83.

Insider Buying and Selling

In other SEI Investments news, insider Philip Mccabe sold 15,000 shares of the stock in a transaction dated Thursday, April 23rd. The shares were sold at an average price of $91.82, for a total transaction of $1,377,300.00. Following the transaction, the insider directly owned 54,884 shares in the company, valued at $5,039,448.88. This represents a 21.46% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Alfred P. West, Jr. sold 7,447 shares of the firm’s stock in a transaction dated Wednesday, March 11th. The shares were sold at an average price of $79.26, for a total transaction of $590,249.22. Following the transaction, the chairman directly owned 6,875,783 shares in the company, valued at $544,974,560.58. This trade represents a 0.11% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 186,447 shares of company stock valued at $15,948,959 over the last quarter. 14.30% of the stock is owned by company insiders.

SEI Investments Trading Down 0.1%

Shares of NASDAQ SEIC opened at $91.39 on Wednesday. SEI Investments Company has a twelve month low of $75.08 and a twelve month high of $93.96. The firm has a market cap of $11.06 billion, a PE ratio of 15.63 and a beta of 0.94. The business has a fifty day simple moving average of $80.32 and a two-hundred day simple moving average of $82.03. The company has a quick ratio of 4.40, a current ratio of 4.52 and a debt-to-equity ratio of 0.07.

SEI Investments (NASDAQ:SEIC) last posted its quarterly earnings results on Wednesday, April 22nd. The asset manager reported $1.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.29 by $0.15. The business had revenue of $622.18 million for the quarter, compared to the consensus estimate of $641.82 million. SEI Investments had a return on equity of 30.70% and a net margin of 31.17%.The business’s revenue was up 12.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.17 EPS. Analysts expect that SEI Investments Company will post 5.9 earnings per share for the current fiscal 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.