Barclays PLC Sells 20,634 Shares of SEI Investments (NASDAQ:SEIC)

Barclays PLC decreased its position in SEI Investments (NASDAQ:SEIC - Free Report) by 12.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 145,378 shares of the asset manager's stock after selling 20,634 shares during the quarter. Barclays PLC owned 0.11% of SEI Investments worth $11,990,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Townsquare Capital LLC increased its stake in shares of SEI Investments by 26.6% in the fourth quarter. Townsquare Capital LLC now owns 33,974 shares of the asset manager's stock valued at $2,802,000 after buying an additional 7,135 shares in the last quarter. Sterling Capital Management LLC lifted its position in shares of SEI Investments by 3.6% during the fourth quarter. Sterling Capital Management LLC now owns 23,207 shares of the asset manager's stock worth $1,914,000 after purchasing an additional 798 shares in the last quarter. Treasurer of the State of North Carolina grew its stake in shares of SEI Investments by 0.6% during the fourth quarter. Treasurer of the State of North Carolina now owns 43,937 shares of the asset manager's stock valued at $3,624,000 after purchasing an additional 280 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of SEI Investments in the fourth quarter valued at approximately $42,548,000. Finally, Martingale Asset Management L P raised its position in SEI Investments by 124.7% in the 4th quarter. Martingale Asset Management L P now owns 230,671 shares of the asset manager's stock worth $19,026,000 after purchasing an additional 128,006 shares during the last quarter. 70.59% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other SEI Investments news, insider Mark Andrew Warner sold 5,000 shares of the stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $80.39, for a total transaction of $401,950.00. Following the transaction, the insider now owns 1,300 shares in the company, valued at $104,507. This trade represents a 79.37 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Alfred P. West, Jr. sold 1,372 shares of SEI Investments 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 transaction, the chairman now directly 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 worth $6,293,903 over the last three months. Insiders own 14.30% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on SEIC shares. StockNews.com cut SEI Investments from a "buy" rating to a "hold" rating in a research note on Wednesday, April 16th. Piper Sandler lifted their price objective on SEI Investments from $74.00 to $79.00 and gave the stock a "neutral" rating in a research report on Thursday. William Blair restated a "market perform" rating on shares of SEI Investments in a research report on Thursday. Morgan Stanley reiterated an "overweight" rating and set a $82.00 price target (up previously from $77.00) on shares of SEI Investments in a research report on Thursday. Finally, Oppenheimer restated an "outperform" rating on shares of SEI Investments in a research report on Thursday. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $88.80.

SEI Investments Stock Up 7.8 %

Shares of NASDAQ SEIC traded up $5.70 during midday trading on Thursday, hitting $78.70. 1,430,491 shares of the company's stock were exchanged, compared to its average volume of 651,995. SEI Investments has a 12 month low of $62.38 and a 12 month high of $87.25. The company's 50 day moving average price is $75.40 and its 200 day moving average price is $78.80. The firm has a market capitalization of $9.90 billion, a PE ratio of 17.81, a price-to-earnings-growth ratio of 1.41 and a beta of 0.90.

SEI Investments (NASDAQ:SEIC - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The asset manager reported $1.17 EPS for the quarter, beating the consensus estimate of $1.12 by $0.05. The firm had revenue of $551.34 million for the quarter, compared to the consensus estimate of $556.76 million. SEI Investments had a net margin of 27.35% and a return on equity of 25.51%. On average, equities research analysts anticipate that SEI Investments will post 4.86 EPS for the current year.

SEI Investments announced that its Board of Directors has authorized a share repurchase program on Tuesday, March 18th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the asset manager to reacquire up to 5.3% of its stock through open market purchases. Stock buyback programs are often a sign that the company's leadership believes its stock is undervalued.

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.