Aware Super Pty Ltd as trustee of Aware Super Purchases Shares of 287,465 SEI Investments (NASDAQ:SEIC)

Aware Super Pty Ltd as trustee of Aware Super acquired a new position in shares of SEI Investments (NASDAQ:SEIC) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 287,465 shares of the asset manager’s stock, valued at approximately $23,710,000. Aware Super Pty Ltd as trustee of Aware Super owned 0.22% of SEI Investments as of its most recent SEC filing.

Several other large investors also recently modified their holdings of SEIC. CoreFirst Bank & Trust bought a new stake in SEI Investments in the fourth quarter valued at $31,000. Allworth Financial LP grew its stake in shares of SEI Investments by 53.7% in the 4th quarter. Allworth Financial LP now owns 452 shares of the asset manager’s stock valued at $38,000 after buying an additional 158 shares during the period. First Horizon Advisors Inc. increased its position in SEI Investments by 25.4% in the 4th quarter. First Horizon Advisors Inc. now owns 578 shares of the asset manager’s stock valued at $48,000 after buying an additional 117 shares in the last quarter. Rialto Wealth Management LLC acquired a new position in SEI Investments during the 4th quarter worth approximately $55,000. Finally, EverSource Wealth Advisors LLC boosted its holdings in SEI Investments by 25.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 860 shares of the asset manager’s stock worth $71,000 after acquiring an additional 172 shares in the last quarter. Institutional investors and hedge funds own 70.59% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Raymond James raised SEI Investments from a “market perform” rating to an “outperform” rating and set a $99.00 target price on the stock in a research report on Thursday, January 30th. Piper Sandler dropped their price objective on shares of SEI Investments from $87.00 to $74.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 8th. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $90.00 price objective (up from $86.00) on shares of SEI Investments in a report on Thursday, January 30th. StockNews.com lowered shares of SEI Investments from a “buy” rating to a “hold” rating in a report on Monday, April 7th. Finally, Morgan Stanley upgraded SEI Investments from an “underweight” rating to an “overweight” rating and dropped their target price for the company from $81.00 to $77.00 in a report on Monday, April 7th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, SEI Investments presently has an average rating of “Moderate Buy” and a consensus price target of $86.80.

Insider Transactions at SEI Investments

In other SEI Investments news, insider Mark Andrew Warner sold 5,000 shares of the firm’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $80.39, for a total value of $401,950.00. Following the completion of the sale, the insider now directly owns 1,300 shares of the company’s stock, valued at $104,507. This trade represents a 79.37 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Chairman Alfred P. West, Jr. sold 1,372 shares of the business’s stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $76.28, for a total value of $104,656.16. Following the completion of the sale, the chairman now owns 7,078,708 shares in the company, valued at approximately $539,963,846.24. The trade was a 0.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 79,214 shares of company stock worth $6,293,903 in the last ninety days. Company insiders own 14.30% of the company’s stock.

SEI Investments Stock Up 1.9 %

SEI Investments stock opened at $72.38 on Monday. SEI Investments has a 52 week low of $62.38 and a 52 week high of $87.25. The company’s 50 day moving average price is $77.31 and its two-hundred day moving average price is $78.79. The stock has a market cap of $9.19 billion, a P/E ratio of 16.38, a P/E/G ratio of 1.41 and a beta of 0.90.

SEI Investments (NASDAQ:SEIC) last issued its quarterly earnings results on Wednesday, January 29th. The asset manager reported $1.19 EPS for the quarter, missing analysts’ consensus estimates of $1.21 by ($0.02). SEI Investments had a return on equity of 25.51% and a net margin of 27.35%. On average, equities analysts anticipate that SEI Investments will post 4.86 EPS for the current year.

SEI Investments announced that its board has approved a stock buyback plan on Tuesday, March 18th that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the asset manager to repurchase up to 5.3% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s leadership believes its shares are undervalued.

SEI Investments Profile

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