United Capital Financial Advisors LLC Makes New Investment in SEI Investments Company $SEIC

United Capital Financial Advisors LLC purchased a new position in SEI Investments Company (NASDAQ:SEIC) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 5,451 shares of the asset manager’s stock, valued at approximately $478,000.

Several other institutional investors and hedge funds have also made changes to their positions in SEIC. BlackRock Inc. acquired a new stake in shares of SEI Investments during the second quarter valued at $870,745,000. Bank of America Corp DE acquired a new position in SEI Investments in the 2nd quarter valued at about $255,067,000. Caisse de depot et placement du Quebec purchased a new position in SEI Investments in the 2nd quarter valued at about $87,924,000. Bank of New York Mellon Corp acquired a new stake in shares of SEI Investments during the 2nd quarter worth about $78,430,000. Finally, American Capital Management Inc. acquired a new stake in shares of SEI Investments during the 2nd quarter worth about $65,372,000. 70.59% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

SEIC has been the subject of a number of recent research reports. Piper Sandler lifted their price target on shares of SEI Investments from $114.00 to $120.00 and gave the stock an “overweight” rating in a report on Thursday, July 23rd. Wall Street Zen raised shares of SEI Investments from a “hold” rating to a “buy” rating in a research note on Saturday, July 25th. Morgan Stanley raised their target price on shares of SEI Investments from $115.00 to $125.00 and gave the stock an “overweight” rating in a research report on Thursday, July 23rd. Zacks Research cut shares of SEI Investments from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 21st. Finally, Keefe, Bruyette & Woods boosted their price target on SEI Investments from $113.00 to $119.00 and gave the company an “outperform” rating in a report on Thursday, July 23rd. Six 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, SEI Investments has a consensus rating of “Moderate Buy” and an average price target of $122.60.

SEI Investments Trading Down 0.6%

NASDAQ SEIC opened at $110.98 on Tuesday. The company has a market cap of $13.32 billion, a P/E ratio of 19.57 and a beta of 0.96. SEI Investments Company has a 12 month low of $75.08 and a 12 month high of $112.15. The company has a debt-to-equity ratio of 0.06, a current ratio of 5.06 and a quick ratio of 4.96. The company has a 50-day moving average of $100.50 and a 200-day moving average of $89.90.

SEI Investments (NASDAQ:SEIC) last released its earnings results on Wednesday, July 22nd. The asset manager reported $1.66 earnings per share (EPS) 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 business had revenue of $641.62 million for the quarter, compared to analysts’ expectations of $636.35 million. During the same period last year, the company earned $1.78 earnings per share. The company’s quarterly revenue was up 14.7% on a year-over-year basis. As a group, equities analysts predict that SEI Investments Company will post 6.2 earnings per share for the current year.

Insider Buying and Selling

In other SEI Investments news, insider Sanjay Sharma sold 20,000 shares of SEI Investments stock in a transaction on Friday, July 24th. The shares were sold at an average price of $99.33, for a total value of $1,986,600.00. Following the transaction, the insider owned 39,829 shares in the company, valued at $3,956,214.57. This trade represents a 33.43% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Kathryn Mccarthy sold 10,000 shares of the business’s stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $103.53, for a total transaction of $1,035,300.00. Following the sale, the director directly owned 77,883 shares of the company’s stock, valued at $8,063,226.99. This represents a 11.38% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 142,332 shares of company stock worth $13,745,813 over the last 90 days. Company insiders own 4.80% of the company’s stock.

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.