Inspire Investing LLC Makes New $234,000 Investment in SEI Investments (NASDAQ:SEIC)


Inspire Investing LLC purchased a new position in SEI Investments (NASDAQ:SEIC – Get Rating ) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 3,890 shares of the asset manager’s stock, valued at approximately $234,000.

Other hedge funds have also recently added to or reduced their stakes in the company. State Street Corp boosted its holdings in shares of SEI Investments by 0.6% in the 4th quarter. State Street Corp now owns 5,690,615 shares of the asset manager’s stock valued at $349,030,000 after purchasing an additional 35,910 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of SEI Investments by 7.9% in the 4th quarter. Geode Capital Management LLC now owns 1,943,809 shares of the asset manager’s stock valued at $118,418,000 after buying an additional 141,772 shares during the last quarter. First Trust Advisors LP boosted its holdings in shares of SEI Investments by 311.8% during the 4th quarter. First Trust Advisors LP now owns 1,376,254 shares of the asset manager’s stock valued at $83,869,000 after purchasing an additional 1,042,033 shares in the last quarter. Boston Trust Walden Corp boosted its holdings in shares of SEI Investments by 14.4% in the first quarter. Boston Trust Walden Corp now owns 1,139,330 shares of the asset manager’s stock valued at $68,599,000 after purchasing an additional 143,693 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of SEI Investments by 0.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,083,692 shares of the asset manager’s stock valued at $66,042,000 after buying an additional 4,928 shares in the last quarter. Institutional investors own 70.44% of the company’s shares.

NASDAQ:SEIC opened at $54.64 on Monday. SEI Investments has a 1 year low of $51.34 and a 1 year high of $65.22. The firm’s fifty-day simple moving average is $55.26, and its 200-day simple moving average is $57.91. The company has a current ratio of 5.19, a quick ratio of 5.08 and a debt-to-equity ratio of 0.02. The firm has a market cap of $7.50 billion, a PE ratio of 12.74, a PEG ratio of 1.21 and a beta of 1.03.

SEI Investments (NASDAQ:SEIC – Get Rating ) last posted its quarterly earnings results on Wednesday, April 20th. The asset manager reported $1.36 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.36. The company had revenue of $581.44 million for the quarter, compared to analyst estimates of $560.41 million. SEI Investments had a net margin of 29.72% and a return on equity of 32.49%. The business’s quarterly revenue was up 27.6% year over year. During the same period last year, the business reported $0.89 EPS. As a group, analysts expect that SEI Investments will post 3.77 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 22nd. Shareholders of record on Monday, June 13th were given a $0.40 dividend. This represents a $1.60 annual dividend and a yield of 2.93%. This is a positive change from SEI Investments’ previous quarterly dividend of $0.37. The ex-dividend date was Friday, June 10th. SEI Investments’ dividend payout ratio (DPR) is currently 18.65%.

SEI Investments declared that its board has initiated a share buyback program on Wednesday, June 1st that authorizes the company to buyback $200.00 million in outstanding shares. This repurchase authorization authorizes the asset manager to purchase up to 2.5% of its shares through open market purchases. Stock buyback programs are usually a sign that a company’s board of directors believes its stock is undervalued.

A number of research analysts recently weighed in on SEIC shares. StockNews.com started coverage on shares of SEI Investments in a report on Thursday, March 31st. They assign a “buy” rating to the stock. Morgan Stanley decreased their target price on shares of SEI Investments from $58.00 to $55.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 6th. Finally, The Goldman Sachs Group lowered shares of SEI Investments from a “buy” rating to a “neutral” rating and dropped their target price for the company from $67.00 to $65.00 in a research note on Monday, March 28th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $64.25, according to MarketBeat.

SEI Investments Company Profile (Get Rating)

SEI Investments Company is a public asset management holding company. Through its subsidiaries, the firm provides wealth management, retirement and investment solutions, asset management, asset administration, outsourced investment processing solutions, financial services and investment advisory services to its clients.

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Institutional Ownership by Quarter for SEI Investments (NASDAQ:SEIC)



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