SEI Investments (NASDAQ:SEIC) Shares Sold by Natixis

Natixis lowered its holdings in shares of SEI Investments (NASDAQ:SEIC) by 18.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,748 shares of the asset manager’s stock after selling 3,541 shares during the period. Natixis’ holdings in SEI Investments were worth $1,299,000 as of its most recent SEC filing.

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

SEI Investments Trading Up 3.2 %

Shares of SEIC opened at $71.90 on Wednesday. SEI Investments has a twelve month low of $62.38 and a twelve month high of $87.25. The firm has a market capitalization of $9.04 billion, a P/E ratio of 16.27, a PEG ratio of 1.41 and a beta of 0.90. The firm’s 50-day moving average is $75.58 and its two-hundred day moving average is $78.84.

SEI Investments (NASDAQ:SEIC) last released its quarterly earnings data on Wednesday, January 29th. The asset manager reported $1.19 earnings per share for the quarter, missing the consensus estimate of $1.21 by ($0.02). SEI Investments had a net margin of 27.35% and a return on equity of 25.51%. Analysts predict that SEI Investments will post 4.86 EPS for the current year.

SEI Investments declared that its board has authorized a share buyback program on Tuesday, March 18th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the asset manager to repurchase up to 5.3% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

Insider Transactions at SEI Investments

In other news, insider Mark Andrew Warner sold 5,000 shares of the stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $80.39, for a total value of $401,950.00. Following the sale, the insider now directly owns 1,300 shares in the company, valued at $104,507. This represents a 79.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Alfred P. West, Jr. sold 1,372 shares of SEI Investments stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $76.28, for a total value of $104,656.16. Following the transaction, the chairman now owns 7,078,708 shares of the company’s stock, valued at $539,963,846.24. This represents a 0.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 79,214 shares of company stock valued at $6,293,903 in the last 90 days. 14.30% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities research analysts have recently commented on SEIC shares. Keefe, Bruyette & Woods restated a “market perform” rating and set a $90.00 price target (up previously from $86.00) on shares of SEI Investments in a research note on Thursday, January 30th. StockNews.com downgraded shares of SEI Investments from a “buy” rating to a “hold” rating in a research report on Wednesday, April 16th. Oppenheimer lifted their target price on shares of SEI Investments from $85.00 to $94.00 and gave the company an “outperform” rating in a report on Tuesday, January 7th. Raymond James raised shares of SEI Investments from a “market perform” rating to an “outperform” rating and set a $99.00 price target for the company in a report on Thursday, January 30th. Finally, Morgan Stanley raised SEI Investments from an “underweight” rating to an “overweight” rating and lowered their price objective for the company from $81.00 to $77.00 in a report on Monday, April 7th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $86.80.

SEI Investments Company 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.