Sanctuary Advisors LLC Purchases Shares of 48,143 SEI Investments Company $SEIC

Sanctuary Advisors LLC purchased a new position in SEI Investments Company (NASDAQ:SEIC) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 48,143 shares of the asset manager’s stock, valued at approximately $4,223,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Oxbow Advisors LLC bought a new stake in SEI Investments in the first quarter valued at $3,283,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new position in SEI Investments during the fourth quarter worth $3,217,000. Lazard Asset Management LLC lifted its holdings in shares of SEI Investments by 85.2% during the first quarter. Lazard Asset Management LLC now owns 38,037 shares of the asset manager’s stock valued at $2,985,000 after acquiring an additional 17,504 shares during the period. Y Intercept Hong Kong Ltd bought a new position in shares of SEI Investments during the first quarter valued at $3,625,000. Finally, King Luther Capital Management Corp boosted its stake in shares of SEI Investments by 10.2% in the 4th quarter. King Luther Capital Management Corp now owns 137,439 shares of the asset manager’s stock valued at $11,273,000 after purchasing an additional 12,713 shares in the last quarter. Institutional investors own 70.59% of the company’s stock.

SEI Investments Stock Up 0.2%

Shares of NASDAQ:SEIC opened at $110.98 on Wednesday. SEI Investments Company has a 12 month low of $75.08 and a 12 month high of $111.90. The company’s 50-day moving average price is $98.82 and its two-hundred day moving average price is $89.14. The company has a quick ratio of 4.96, a current ratio of 5.06 and a debt-to-equity ratio of 0.06. The firm has a market cap of $13.32 billion, a P/E ratio of 19.57 and a beta of 0.96.

SEI Investments (NASDAQ:SEIC) last posted its quarterly earnings data on Wednesday, July 22nd. The asset manager reported $1.66 earnings per share for the quarter, beating 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 firm had revenue of $641.62 million during the quarter, compared to analysts’ expectations of $636.35 million. During the same quarter last year, the company posted $1.78 EPS. The company’s quarterly revenue was up 14.7% compared to the same quarter last year. As a group, research analysts forecast that SEI Investments Company will post 6.2 EPS for the current fiscal year.

Insider Buying and Selling at SEI Investments

In related news, insider Philip Mccabe sold 5,043 shares of the business’s stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $105.50, for a total value of $532,036.50. Following the completion of the transaction, the insider owned 54,884 shares in the company, valued at $5,790,262. The trade was a 8.42% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Sanjay Sharma sold 20,000 shares of the company’s stock in a transaction on Friday, July 24th. The stock was sold at an average price of $99.33, for a total value of $1,986,600.00. Following the transaction, the insider directly owned 39,829 shares in the company, valued at approximately $3,956,214.57. This represents a 33.43% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 142,332 shares of company stock valued at $13,745,813 over the last three months. Insiders own 4.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Raymond James Financial upped their target price on shares of SEI Investments from $122.00 to $124.00 and gave the stock an “outperform” rating in a report on Monday, July 6th. Morgan Stanley upped their price objective on shares of SEI Investments from $115.00 to $125.00 and gave the stock an “overweight” rating in a research note on Thursday, July 23rd. Zacks Research lowered shares of SEI Investments from a “strong-buy” rating to a “hold” rating in a report on Friday, August 21st. Piper Sandler lifted their target price on shares of SEI Investments from $114.00 to $120.00 and gave the company an “overweight” rating in a research note on Thursday, July 23rd. Finally, Keefe, Bruyette & Woods boosted their target price on SEI Investments from $113.00 to $119.00 and gave the stock an “outperform” rating in a report on Thursday, July 23rd. Six investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $122.60.

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.