Inspire Investing LLC Has $3.43 Million Position in SEI Investments Company $SEIC

Inspire Investing LLC lifted its stake in SEI Investments Company (NASDAQ:SEIC) by 16.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 43,655 shares of the asset manager’s stock after buying an additional 6,138 shares during the period. Inspire Investing LLC’s holdings in SEI Investments were worth $3,426,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Prana Capital Management LP lifted its position in SEI Investments by 60.8% in the third quarter. Prana Capital Management LP now owns 711,311 shares of the asset manager’s stock worth $60,355,000 after purchasing an additional 269,023 shares during the period. Polar Asset Management Partners Inc. increased its holdings in SEI Investments by 312.1% in the 3rd quarter. Polar Asset Management Partners Inc. now owns 49,043 shares of the asset manager’s stock valued at $4,161,000 after buying an additional 37,143 shares during the period. Tudor Investment Corp ET AL acquired a new position in shares of SEI Investments in the 3rd quarter valued at $4,811,000. Intech Investment Management LLC raised its stake in shares of SEI Investments by 519.6% in the 3rd quarter. Intech Investment Management LLC now owns 29,927 shares of the asset manager’s stock valued at $2,539,000 after buying an additional 25,097 shares in the last quarter. Finally, Crossmark Global Holdings Inc. lifted its holdings in shares of SEI Investments by 277.8% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 35,545 shares of the asset manager’s stock worth $3,016,000 after acquiring an additional 26,137 shares during the period. 70.59% of the stock is owned by institutional investors and hedge funds.

SEI Investments Price Performance

SEI Investments stock opened at $86.49 on Tuesday. The business’s 50-day simple moving average is $89.27 and its 200 day simple moving average is $84.56. The stock has a market cap of $10.40 billion, a price-to-earnings ratio of 14.76 and a beta of 0.97. SEI Investments Company has a 12-month low of $75.08 and a 12-month high of $93.96. 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 released its earnings results on Wednesday, April 22nd. The asset manager reported $1.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.29 by $0.15. The company had revenue of $622.18 million for the quarter, compared to the consensus estimate of $641.82 million. SEI Investments had a net margin of 31.17% and a return on equity of 30.70%. The company’s revenue was up 12.9% compared to the same quarter last year. During the same period in the prior year, the company posted $1.17 EPS. As a group, research analysts anticipate that SEI Investments Company will post 5.89 earnings per share for the current year.

SEI Investments Dividend Announcement

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

Insiders Place Their Bets

In other SEI Investments news, insider Mark Andrew Warner sold 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 28th. The shares were sold at an average price of $91.16, for a total value of $364,640.00. Following the transaction, the insider directly owned 921 shares of the company’s stock, valued at approximately $83,958.36. This trade represents a 81.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Philip Mccabe sold 15,000 shares of SEI Investments stock in a transaction on Thursday, April 23rd. The stock was sold at an average price of $91.82, for a total transaction of $1,377,300.00. Following the sale, the insider directly owned 54,884 shares of the company’s stock, valued at $5,039,448.88. This represents a 21.46% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 111,332 shares of company stock valued at $9,908,883 over the last three months. 4.80% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

SEIC has been the topic of a number of analyst reports. Keefe, Bruyette & Woods upped their target price on shares of SEI Investments from $95.00 to $107.00 and gave the company an “outperform” rating in a research note on Thursday, April 23rd. Weiss Ratings restated a “buy (b)” rating on shares of SEI Investments in a research note on Tuesday, April 21st. Raymond James Financial reaffirmed an “outperform” rating and set a $82.00 price objective on shares of SEI Investments in a report on Wednesday, April 29th. Morgan Stanley dropped their target price on SEI Investments from $119.00 to $108.00 and set an “overweight” rating for the company in a report on Thursday, April 2nd. Finally, Piper Sandler restated an “overweight” rating and set a $105.00 target price (up from $99.00) on shares of SEI Investments in a research report on Thursday, April 23rd. Seven research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, SEI Investments currently has an average rating of “Moderate Buy” and a consensus target price of $103.00.

SEI Investments 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.