Confluence Wealth Services Inc. Invests $1.10 Million in SEI Investments Company $SEIC

Key Points

• Confluence Wealth Services opened a new position in SEI Investments (NASDAQ:SEIC), buying 13,372 shares valued at about $1.10 million in the fourth quarter, according to its Form 13F filing.
• The company has seen notable insider selling recently — Chairman Alfred P. West Jr. sold 55,000 shares and director Sanjay Sharma sold 25,000 shares — with insiders offloading 171,447 shares (~$14.6 million) in the past 90 days, though insiders still own 14.6% of the stock.
• SEI beat Q1 EPS estimates ($1.44 vs. $1.29), posted 12.9% revenue growth year‑over‑year despite slightly missing some revenue estimates, and analysts have largely turned bullish (consensus "Moderate Buy" with an average target around $108.83).

Confluence Wealth Services Inc. purchased a new position in SEI Investments Company (NASDAQ:SEIC - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 13,372 shares of the asset manager's stock, valued at approximately $1,097,000.

A number of other hedge funds have also made changes to their positions in SEIC. Qube Research & Technologies Ltd lifted its position in shares of SEI Investments by 82.5% in the third quarter. Qube Research & Technologies Ltd now owns 766,775 shares of the asset manager's stock worth $65,061,000 after purchasing an additional 346,696 shares in the last quarter. Caisse de depot et placement du Quebec lifted its position in shares of SEI Investments by 31.0% in the third quarter. Caisse de depot et placement du Quebec now owns 1,343,757 shares of the asset manager's stock worth $114,018,000 after purchasing an additional 317,703 shares in the last quarter. Prana Capital Management LP lifted its position in shares of 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 in the last quarter. Ameriprise Financial Inc. lifted its position in shares of SEI Investments by 37.2% in the third quarter. Ameriprise Financial Inc. now owns 815,694 shares of the asset manager's stock worth $69,206,000 after purchasing an additional 221,033 shares in the last quarter. Finally, Thrivent Financial for Lutherans lifted its position in shares of SEI Investments by 141.8% in the third quarter. Thrivent Financial for Lutherans now owns 252,231 shares of the asset manager's stock worth $21,401,000 after purchasing an additional 147,938 shares in the last quarter. 70.59% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at SEI Investments

In other SEI Investments news, Chairman Alfred P. West, Jr. sold 55,000 shares of the stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $80.23, for a total transaction of $4,412,650.00. Following the transaction, the chairman owned 6,883,230 shares in the company, valued at $552,241,542.90. This trade represents a 0.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Sanjay Sharma sold 25,000 shares of the stock in a transaction that occurred on Thursday, April 23rd. The shares were sold at an average price of $90.12, for a total value of $2,253,000.00. Following the transaction, the insider owned 39,829 shares in the company, valued at approximately $3,589,389.48. This trade represents a 38.56% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 171,447 shares of company stock worth $14,571,659 in the last ninety days. Insiders own 14.60% of the company's stock.

SEI Investments Price Performance

Shares of SEIC opened at $91.05 on Friday. The firm has a market cap of $11.02 billion, a PE ratio of 15.54 and a beta of 0.94. The firm's 50 day moving average price is $79.62 and its 200 day moving average price is $81.92. The company has a debt-to-equity ratio of 0.04, a quick ratio of 3.20 and a current ratio of 3.29. SEI Investments Company has a twelve month low of $75.08 and a twelve month high of $93.96.

SEI Investments (NASDAQ:SEIC - Get Free Report) last issued its quarterly earnings data on Wednesday, April 22nd. The asset manager reported $1.44 earnings per share for the quarter, beating the consensus estimate of $1.29 by $0.15. The firm had revenue of $622.18 million for the quarter, compared to analyst estimates of $641.82 million. SEI Investments had a net margin of 31.17% and a return on equity of 30.98%. The company's revenue for the quarter was up 12.9% on a year-over-year basis. During the same quarter last year, the firm earned $1.17 earnings per share. As a group, research analysts expect that SEI Investments Company will post 5.44 EPS for the current fiscal year.

More SEI Investments News

Here are the key news stories impacting SEI Investments this week:

• Positive Sentiment: Q1 earnings beat and margin improvement: SEI reported Q1 EPS that topped consensus and showed year‑over‑year growth in revenue, operating income and operating margin — metrics investors typically reward in asset managers. Read More.
• Positive Sentiment: Analyst upgrade and higher price target: Keefe, Bruyette & Woods raised its price target to $107 and kept an outperform rating, giving the stock notable upside from current levels and supporting bullish sentiment. Read More.
• Neutral Sentiment: Revenue/AUM mix: Revenue and AUM rose year‑over‑year and cash‑flow metrics showed growth in some areas, but total revenue for the quarter slightly trailed some street estimates — a mixed signal that tempers the beat. Read More.
• Negative Sentiment: Insider selling: Director/insider Sanjay Sharma sold 25,000 shares (~38.6% reduction in his holding) at an average price of $90.12, disclosed in an SEC Form 4 — a signal some investors view as cautionary. Read More.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Weiss Ratings reissued a "buy (b)" rating on shares of SEI Investments in a research report on Tuesday. Piper Sandler reissued an "overweight" rating and issued a $105.00 price target (up from $99.00) on shares of SEI Investments in a research report on Thursday. Keefe, Bruyette & Woods increased their price target on shares of SEI Investments from $95.00 to $107.00 and gave the stock an "outperform" rating in a research report on Thursday. Morgan Stanley cut their price objective on shares of SEI Investments from $119.00 to $108.00 and set an "overweight" rating on the stock in a research report on Thursday, April 2nd. Finally, UBS Group started coverage on shares of SEI Investments in a research report on Wednesday, February 4th. They set a "buy" rating and a $115.00 price objective on the stock. Seven analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $108.83.

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.

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