Gibbs Wealth Management Raises Holdings in SEI Investments Company $SEIC

Gibbs Wealth Management lifted its position in shares of SEI Investments Company (NASDAQ:SEIC) by 280.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,627 shares of the asset manager’s stock after buying an additional 7,837 shares during the quarter. Gibbs Wealth Management’s holdings in SEI Investments were worth $834,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Norges Bank purchased a new stake in SEI Investments in the fourth quarter worth about $53,548,000. Clark Capital Management Group Inc. increased its holdings in shares of SEI Investments by 2,333.2% in the 4th quarter. Clark Capital Management Group Inc. now owns 645,859 shares of the asset manager’s stock valued at $52,973,000 after acquiring an additional 619,315 shares during the period. PFA Pension Forsikringsaktieselskab purchased a new position in SEI Investments in the fourth quarter valued at about $43,186,000. Qube Research & Technologies Ltd grew its position in shares of SEI Investments by 82.5% in the 3rd quarter. Qube Research & Technologies Ltd now owns 766,775 shares of the asset manager’s stock worth $65,061,000 after buying an additional 346,696 shares during the last quarter. Finally, Caisse de depot et placement du Quebec increased its position in shares of SEI Investments by 31.0% during the third quarter. Caisse de depot et placement du Quebec now owns 1,343,757 shares of the asset manager’s stock worth $114,018,000 after purchasing an additional 317,703 shares in the last quarter. 70.59% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on SEIC. Keefe, Bruyette & Woods upped their price objective on shares of SEI Investments from $113.00 to $119.00 and gave the company an “outperform” rating in a report on Thursday. Wall Street Zen upgraded shares of SEI Investments from a “hold” rating to a “buy” rating in a research note on Saturday. Piper Sandler lifted 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. Weiss Ratings reissued a “buy (b)” rating on shares of SEI Investments in a report on Friday, July 17th. Finally, UBS Group reissued a “buy” rating and issued a $125.00 target price on shares of SEI Investments in a research report on Thursday. Six analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $122.60.

SEI Investments News Roundup

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 Trading Up 2.6%

SEI Investments stock opened at $99.22 on Friday. The stock has a 50-day moving average price of $91.71 and a 200 day moving average price of $86.14. The company has a market capitalization of $11.93 billion, a price-to-earnings ratio of 17.50 and a beta of 0.97. 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.

SEI Investments (NASDAQ:SEIC) last issued its quarterly earnings results 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 net margin of 28.85% and a return on equity of 29.16%. 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 earned $1.78 EPS. SEI Investments’s quarterly revenue was up 14.7% on a year-over-year basis. Sell-side analysts anticipate that SEI Investments Company will post 6.2 EPS for the current year.

SEI Investments Announces Dividend

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

Insider Transactions at SEI Investments

In related news, insider Mark Andrew Warner sold 4,000 shares of the business’s stock in a transaction on Tuesday, April 28th. The shares were sold at an average price of $91.16, for a total transaction of $364,640.00. Following the completion of the transaction, the insider directly owned 921 shares in the company, valued at $83,958.36. The trade was a 81.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Chairman Alfred P. West, Jr. sold 7,332 shares of the business’s stock in a transaction on Monday, June 29th. The shares were sold at an average price of $87.39, for a total transaction of $640,743.48. Following the transaction, the chairman owned 6,818,451 shares of the company’s stock, valued at $595,864,432.89. This represents a 0.11% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 71,332 shares of company stock worth $6,278,583 over the last 90 days. 4.80% of the stock is currently owned by company insiders.

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.