Sanctuary Advisors LLC Takes $4.22 Million Position in SEI Investments Company $SEIC

Key Points

• Sanctuary Advisors LLC purchased 48,143 shares of SEI Investments worth approximately $4.22 million, while institutional investors collectively own 70.59% of the company.
• SEI Investments exceeded quarterly expectations, reporting $1.66 in EPS versus the $1.44 consensus estimate and revenue of $641.62 million, up 14.7% year over year.
• Analysts maintain a generally positive outlook, with six Buy ratings and one Hold rating producing a consensus “Moderate Buy” rating and a $122.60 average price target; the stock recently opened at $110.98.

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

Other hedge funds have also recently bought and sold shares of the company. Bison Wealth LLC acquired a new stake in SEI Investments during the 4th quarter worth about $207,000. Baird Financial Group Inc. acquired a new position in shares of SEI Investments in the 1st quarter valued at about $201,000. Geneos Wealth Management Inc. lifted its position in shares of SEI Investments by 60.2% in the first quarter. Geneos Wealth Management Inc. now owns 532 shares of the asset manager's stock worth $41,000 after purchasing an additional 200 shares in the last quarter. M&T Bank Corp lifted its position in shares of SEI Investments by 11.9% in the second quarter. M&T Bank Corp now owns 3,217 shares of the asset manager's stock worth $289,000 after purchasing an additional 341 shares in the last quarter. Finally, CW Advisors LLC purchased a new stake in shares of SEI Investments in the second quarter worth approximately $280,000. 70.59% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Kathryn Mccarthy sold 10,000 shares of the 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 transaction, the director owned 77,883 shares in the company, valued at $8,063,226.99. This represents a 11.38% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Philip Mccabe sold 5,043 shares of the stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $105.50, for a total transaction of $532,036.50. Following the transaction, the insider owned 54,884 shares in the company, valued at approximately $5,790,262. This trade represents a 8.42% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 142,332 shares of company stock valued at $13,745,813. 4.80% of the stock is owned by company insiders.

SEI Investments Stock Up 0.2%

Shares of SEI Investments stock opened at $110.98 on Wednesday. The firm has a market cap of $13.32 billion, a price-to-earnings ratio of 19.57 and a beta of 0.96. The stock has a 50-day simple moving average of $98.82 and a 200-day simple moving average of $89.14. SEI Investments Company has a 52-week low of $75.08 and a 52-week high of $111.90. The company has a debt-to-equity ratio of 0.06, a current ratio of 5.06 and a quick ratio of 4.96.

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

Wall Street Analyst Weigh In

SEIC has been the topic of a number of research analyst reports. Weiss Ratings reaffirmed a "buy (b)" rating on shares of SEI Investments in a research report on Friday, July 17th. UBS Group reiterated a "buy" rating and issued a $125.00 target price on shares of SEI Investments in a research report on Thursday, July 23rd. Zacks Research lowered shares of SEI Investments from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 21st. Keefe, Bruyette & Woods boosted their price target on shares of SEI Investments from $113.00 to $119.00 and gave the company an "outperform" rating in a report on Thursday, July 23rd. Finally, Morgan Stanley boosted their price target on shares of SEI Investments from $115.00 to $125.00 and gave the company an "overweight" 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 company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $122.60.

SEI Investments Company 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.

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