16,667 Shares of SEI Investments Company $SEIC Acquired by Calamos Advisors LLC

Calamos Advisors LLC bought a new position in shares of SEI Investments Company (NASDAQ:SEIC) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 16,667 shares of the asset manager’s stock, valued at approximately $1,711,000.

Several other large investors have also recently modified their holdings of SEIC. Fortitude Family Office LLC raised its position in shares of SEI Investments by 95.1% in the third quarter. Fortitude Family Office LLC now owns 240 shares of the asset manager’s stock valued at $25,000 after purchasing an additional 117 shares during the period. Elevation Wealth Partners LLC lifted its stake in shares of SEI Investments by 96.8% during the 2nd quarter. Elevation Wealth Partners LLC now owns 309 shares of the asset manager’s stock valued at $27,000 after buying an additional 152 shares in the last quarter. Latitude Advisors LLC purchased a new stake in shares of SEI Investments during the 3rd quarter valued at approximately $33,000. Provenance Wealth Advisors LLC bought a new position in SEI Investments in the 3rd quarter worth approximately $53,000. Finally, CX Institutional grew its stake in SEI Investments by 44.6% in the 2nd quarter. CX Institutional now owns 532 shares of the asset manager’s stock valued at $47,000 after buying an additional 164 shares in the last quarter. Hedge funds and other institutional investors own 70.59% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Michael Lane sold 2,400 shares of the business’s stock in a transaction on Tuesday, September 22nd. The shares were sold at an average price of $102.78, for a total transaction of $246,672.00. Following the completion of the transaction, the executive vice president directly owned 39,581 shares in the company, valued at $4,068,135.18. The trade was a 5.72% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Chairman Alfred P. West, Jr. sold 5,483 shares of the company’s stock in a transaction on Wednesday, September 30th. The stock was sold at an average price of $103.16, for a total transaction of $565,626.28. Following the completion of the transaction, the chairman directly owned 6,784,574 shares in the company, valued at approximately $699,896,653.84. The trade was a 0.08% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 73,777 shares of company stock worth $7,899,863 in the last three months. 4.80% of the stock is currently owned by corporate insiders.

SEI Investments Trading Up 3.1%

Shares of SEI Investments stock opened at $108.56 on Tuesday. SEI Investments Company has a 12-month low of $75.08 and a 12-month high of $112.15. The company has a market cap of $12.87 billion, a price-to-earnings ratio of 18.88 and a beta of 0.97. The company has a current ratio of 4.31, a quick ratio of 4.23 and a debt-to-equity ratio of 0.07. The company’s 50-day moving average price is $105.48 and its 200-day moving average price is $93.50.

SEI Investments (NASDAQ:SEIC) last issued its quarterly earnings data on Wednesday, October 21st. The asset manager reported $1.64 EPS for the quarter, beating the consensus estimate of $1.58 by $0.06. The company had revenue of $662.04 million during the quarter, compared to analysts’ expectations of $656.25 million. SEI Investments had a net margin of 28.06% and a return on equity of 30.14%. SEI Investments’s revenue for the quarter was up 14.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.30 earnings per share. On average, equities analysts expect that SEI Investments Company will post 6.31 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have issued reports on SEIC. Weiss Ratings raised shares of SEI Investments from a “buy (b+)” rating to a “buy (a-)” rating in a report on Monday, October 26th. Wall Street Zen lowered SEI Investments from a “buy” rating to a “hold” rating in a report on Saturday, October 31st. Keefe, Bruyette & Woods lifted their price target on SEI Investments from $113.00 to $119.00 and gave the company an “outperform” rating in a research report on Thursday, July 23rd. Piper Sandler reiterated an “overweight” rating and issued a $129.00 price target (up from $127.00) on shares of SEI Investments in a research report on Thursday, October 22nd. Finally, Zacks Research lowered SEI Investments from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 21st. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, SEI Investments has a consensus rating of “Buy” and a consensus price target of $125.50.

SEI Investments Company Profile

SEI Investments Company is a financial technology and investment services firm founded in 1968 by Alfred P. West Jr. The company provides technology, investment management and operational services to financial institutions and investors.

Its offerings include investment processing and administration, outsourced investment management, and technology platforms that support wealth managers, asset managers, financial institutions and institutional investors. SEI also provides investment solutions through its own asset management business.

Headquartered in Oaks, Pennsylvania, SEI serves clients in the United States and internationally, including in Europe and other global markets.