Aurora Investment Counsel Reduces Holdings in SEI Investments (NASDAQ:SEIC)

Aurora Investment Counsel decreased its holdings in SEI Investments (NASDAQ:SEIC - Free Report) by 21.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 19,747 shares of the asset manager's stock after selling 5,415 shares during the period. Aurora Investment Counsel's holdings in SEI Investments were worth $1,629,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. FMR LLC boosted its position in SEI Investments by 249.7% during the 3rd quarter. FMR LLC now owns 885,113 shares of the asset manager's stock valued at $61,241,000 after buying an additional 632,024 shares during the period. Raymond James Financial Inc. purchased a new stake in SEI Investments during the 4th quarter valued at $42,548,000. Los Angeles Capital Management LLC purchased a new stake in SEI Investments during the 4th quarter valued at $26,702,000. Geode Capital Management LLC boosted its position in SEI Investments by 13.5% during the 3rd quarter. Geode Capital Management LLC now owns 2,520,430 shares of the asset manager's stock valued at $174,092,000 after buying an additional 300,704 shares during the period. Finally, Portman Square Capital LLP boosted its position in SEI Investments by 113.1% during the 4th quarter. Portman Square Capital LLP now owns 17,408 shares of the asset manager's stock valued at $1,436,000 after buying an additional 149,840 shares during the period. Hedge funds and other institutional investors own 70.59% of the company's stock.

SEI Investments Stock Performance

Shares of SEI Investments stock traded down $0.01 during trading on Tuesday, hitting $74.95. The company's stock had a trading volume of 797,777 shares, compared to its average volume of 598,637. The company has a fifty day simple moving average of $81.11 and a two-hundred day simple moving average of $77.88. The company has a market capitalization of $9.51 billion, a PE ratio of 16.96, a P/E/G ratio of 1.41 and a beta of 0.94. SEI Investments has a 52 week low of $62.38 and a 52 week high of $87.25.

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

Analyst Ratings Changes

Several brokerages have weighed in on SEIC. Piper Sandler increased their price target on shares of SEI Investments from $77.00 to $87.00 and gave the company a "neutral" rating in a research report on Monday, December 23rd. Keefe, Bruyette & Woods restated a "market perform" rating and issued a $90.00 price objective (up from $86.00) on shares of SEI Investments in a report on Thursday, January 30th. Raymond James upgraded shares of SEI Investments from a "market perform" rating to an "outperform" rating and set a $99.00 price objective for the company in a report on Thursday, January 30th. Morgan Stanley upped their price objective on shares of SEI Investments from $75.00 to $80.00 and gave the stock an "underweight" rating in a report on Friday, January 3rd. Finally, Oppenheimer upped their price objective on shares of SEI Investments from $85.00 to $94.00 and gave the stock an "outperform" rating in a report on Tuesday, January 7th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $90.00.

Insider Buying and Selling at SEI Investments

In other SEI Investments news, insider Mark Andrew Warner sold 5,000 shares of the firm's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $80.39, for a total transaction of $401,950.00. Following the completion of the sale, the insider now directly owns 1,300 shares in the company, valued at approximately $104,507. This trade represents a 79.37 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Alfred P. West, Jr. sold 72,842 shares of the firm's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $79.45, for a total transaction of $5,787,296.90. Following the sale, the chairman now owns 7,160,080 shares of the company's stock, valued at approximately $568,868,356. This represents a 1.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 79,214 shares of company stock worth $6,293,903. 14.30% of the stock is owned by corporate insiders.

About SEI Investments

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.