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

Aware Super Pty Ltd as trustee of Aware Super bought a new position in SEI Investments (NASDAQ:SEIC - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 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 approximately 0.22% of SEI Investments at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of SEIC. CoreFirst Bank & Trust acquired a new position in shares of SEI Investments in the 4th quarter valued at $31,000. Allworth Financial LP raised its position in shares of SEI Investments by 53.7% in the fourth 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 last quarter. First Horizon Advisors Inc. grew 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 acquiring an additional 117 shares in the last quarter. Rialto Wealth Management LLC acquired a new position in shares of SEI Investments in the fourth quarter valued at approximately $55,000. Finally, EverSource Wealth Advisors LLC increased its position in shares of SEI Investments by 25.0% during 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 during the period. Institutional investors own 70.59% of the company's stock.

SEI Investments Stock Performance

SEI Investments stock traded up $0.23 during trading on Friday, reaching $71.66. The company had a trading volume of 649,938 shares, compared to its average volume of 650,140. The firm has a market capitalization of $9.10 billion, a price-to-earnings ratio of 16.21, a PEG ratio of 1.41 and a beta of 0.90. SEI Investments has a 12-month low of $62.38 and a 12-month high of $87.25. The stock's 50 day moving average price is $76.26 and its two-hundred day moving average price is $78.74.

SEI Investments (NASDAQ:SEIC - Get Free Report) last issued its earnings results on Wednesday, January 29th. The asset manager reported $1.19 earnings per share (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%. As a group, research analysts expect that SEI Investments will post 4.86 earnings per share for the current year.

SEI Investments declared that its board has initiated a share buyback plan on Tuesday, March 18th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the asset manager to reacquire up to 5.3% of its stock through open market purchases. Stock buyback plans are often a sign that the company's board of directors believes its stock is undervalued.

Analysts Set New Price Targets

A number of brokerages have issued reports on SEIC. Piper Sandler decreased their price target on SEI Investments from $87.00 to $74.00 and set a "neutral" rating for the company in a report on Tuesday, April 8th. Raymond James raised SEI Investments from a "market perform" rating to an "outperform" rating and set a $99.00 target price for the company in a research note on Thursday, January 30th. StockNews.com lowered shares of SEI Investments from a "buy" rating to a "hold" rating in a research report on Wednesday. Oppenheimer raised their price target on SEI Investments from $85.00 to $94.00 and gave the company an "outperform" rating in a research report on Tuesday, January 7th. Finally, Morgan Stanley upgraded SEI Investments from an "underweight" rating to an "overweight" rating and lowered their target price 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. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $86.80.

Insiders Place Their Bets

In related news, Chairman Alfred P. West, Jr. sold 72,842 shares of SEI Investments stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $79.45, for a total value of $5,787,296.90. Following the completion of the sale, the chairman now owns 7,160,080 shares in the company, valued at approximately $568,868,356. The trade was a 1.01 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Mark Andrew Warner sold 5,000 shares of the business's stock in a transaction dated Monday, March 3rd. The shares were 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 approximately $104,507. This represents a 79.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 79,214 shares of company stock worth $6,293,903 over the last quarter. 14.30% of the stock is owned by corporate insiders.

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.