12,175 Shares in SEI Investments Company $SEIC Acquired by Archford Capital Strategies LLC

Archford Capital Strategies LLC acquired a new stake in shares of SEI Investments Company (NASDAQ:SEIC - Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 12,175 shares of the asset manager's stock, valued at approximately $1,068,000.

A number of other institutional investors have also made changes to their positions in the company. Elevation Wealth Partners LLC grew its holdings in 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 purchasing an additional 152 shares in the last quarter. CIBC Private Wealth Group LLC lifted its holdings in SEI Investments by 353.1% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 435 shares of the asset manager's stock worth $37,000 after buying an additional 339 shares in the last quarter. Root Financial Partners LLC boosted its position in SEI Investments by 40.8% in the 1st quarter. Root Financial Partners LLC now owns 487 shares of the asset manager's stock valued at $38,000 after buying an additional 141 shares during the last quarter. Geneos Wealth Management Inc. boosted its position in SEI Investments by 60.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 532 shares of the asset manager's stock valued at $41,000 after buying an additional 200 shares during the last quarter. Finally, Western Wealth Management LLC acquired a new stake in shares of SEI Investments during the first quarter valued at about $43,000. 70.59% of the stock is owned by institutional investors and hedge funds.

SEI Investments Stock Down 0.4%

NASDAQ:SEIC opened at $106.77 on Friday. The company has a market capitalization of $12.81 billion, a price-to-earnings ratio of 18.83 and a beta of 0.97. SEI Investments Company has a one year low of $75.08 and a one year high of $112.15. The stock has a 50-day simple moving average of $103.77 and a 200 day simple moving average of $91.56. The company has a debt-to-equity ratio of 0.06, a quick ratio of 4.96 and a current ratio of 5.06.

SEI Investments (NASDAQ:SEIC - Get Free Report) last announced its quarterly earnings data on Wednesday, July 22nd. The asset manager reported $1.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.44 by $0.22. SEI Investments had a return on equity of 29.16% and a net margin of 28.85%.The firm had revenue of $641.62 million for the quarter, compared to analysts' expectations of $636.35 million. During the same quarter in the prior year, the firm posted $1.78 earnings per share. SEI Investments's revenue for the quarter was up 14.7% compared to the same quarter last year. Sell-side analysts predict that SEI Investments Company will post 6.2 EPS for the current fiscal year.

Wall Street Analyst Weigh In

SEIC has been the topic of a number of analyst reports. UBS Group reaffirmed a "buy" rating and set a $125.00 target price on shares of SEI Investments in a research report on Thursday, July 23rd. Keefe, Bruyette & Woods raised their price objective on SEI Investments from $113.00 to $119.00 and gave the company an "outperform" rating in a research note on Thursday, July 23rd. Weiss Ratings restated a "buy (b)" rating on shares of SEI Investments in a report on Friday, July 17th. Morgan Stanley upped their target price on SEI Investments from $115.00 to $125.00 and gave the company an "overweight" rating in a research report on Thursday, July 23rd. Finally, Zacks Research cut SEI Investments from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 21st. Six analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $122.60.

Insider Activity

In other news, insider Mark Warner sold 15,000 shares of the company's stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $102.35, for a total transaction of $1,535,250.00. Following the completion of the transaction, the insider directly owned 921 shares of the company's stock, valued at approximately $94,264.35. This represents a 94.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Ryan Hicke sold 37,500 shares of the stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $110.71, for a total value of $4,151,625.00. Following the sale, the chief executive officer owned 192,815 shares in the company, valued at $21,346,548.65. The trade was a 16.28% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 179,832 shares of company stock valued at $17,897,438 over the last quarter. Corporate insiders own 4.80% of the company's stock.

About SEI Investments

SEI Investments Company is a financial technology and investment solutions provider serving wealth managers, asset managers, institutional investors, banks and family offices. The company combines technology, outsourced operations and investment expertise to help clients manage portfolios, administer funds and support their broader financial businesses.

Its offerings include the SEI Wealth Platform, which provides technology and operating infrastructure for wealth management firms; investment processing and administration services; fund accounting and administration; and technology and operational support for investment managers.

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