SEI Investments (NASDAQ:SEIC) Shares Purchased by Catalyst Funds Management Pty Ltd

Catalyst Funds Management Pty Ltd grew its holdings in SEI Investments (NASDAQ:SEIC - Free Report) by 200.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,000 shares of the asset manager's stock after acquiring an additional 4,000 shares during the period. Catalyst Funds Management Pty Ltd's holdings in SEI Investments were worth $495,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Geode Capital Management LLC raised its position in SEI Investments by 13.5% during the third quarter. Geode Capital Management LLC now owns 2,520,430 shares of the asset manager's stock valued at $174,092,000 after acquiring an additional 300,704 shares in the last quarter. Boston Trust Walden Corp increased its holdings in shares of SEI Investments by 1.6% during the 4th quarter. Boston Trust Walden Corp now owns 1,306,329 shares of the asset manager's stock valued at $107,746,000 after purchasing an additional 20,020 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in shares of SEI Investments by 4.1% in the 4th quarter. Bank of New York Mellon Corp now owns 1,171,743 shares of the asset manager's stock valued at $96,645,000 after purchasing an additional 46,425 shares during the period. FMR LLC boosted its holdings in SEI Investments by 249.7% during the third quarter. FMR LLC now owns 885,113 shares of the asset manager's stock worth $61,241,000 after buying an additional 632,024 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in SEI Investments by 0.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 668,333 shares of the asset manager's stock valued at $55,124,000 after buying an additional 3,967 shares during the period. Institutional investors and hedge funds own 70.59% of the company's stock.

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SEI Investments Trading Down 0.1 %

NASDAQ:SEIC traded down $0.06 during trading hours on Thursday, hitting $76.01. The company had a trading volume of 785,215 shares, compared to its average volume of 601,119. SEI Investments has a 1 year low of $62.38 and a 1 year high of $87.25. The company has a market cap of $9.65 billion, a P/E ratio of 17.20, a P/E/G ratio of 1.41 and a beta of 0.94. The company has a 50-day moving average of $80.88 and a 200 day moving average of $77.92.

SEI Investments (NASDAQ:SEIC - Get Free Report) last released its quarterly earnings data 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 net margin of 27.35% and a return on equity of 25.51%. On average, analysts forecast that SEI Investments will post 4.86 earnings per share for the current year.

SEI Investments announced that its Board of Directors has initiated a stock buyback program on Tuesday, March 18th that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the asset manager to buy up to 5.3% of its shares through open market purchases. Shares buyback programs are typically a sign that the company's board believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on SEIC shares. Keefe, Bruyette & Woods reiterated a "market perform" rating and issued a $90.00 price objective (up previously from $86.00) on shares of SEI Investments in a research report on Thursday, January 30th. Morgan Stanley increased their price target on SEI Investments from $75.00 to $80.00 and gave the stock an "underweight" rating in a research report on Friday, January 3rd. Raymond James raised SEI Investments from a "market perform" rating to an "outperform" rating and set a $99.00 price objective on the stock in a report on Thursday, January 30th. Piper Sandler lifted their target price 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. Finally, Oppenheimer boosted their price target on SEI Investments from $85.00 to $94.00 and gave the stock an "outperform" rating in a research report on Tuesday, January 7th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $90.00.

Insiders Place Their Bets

In related news, insider Mark Andrew Warner sold 5,000 shares of the business'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 sale, the insider now owns 1,300 shares in the company, valued at approximately $104,507. The trade was a 79.37 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Alfred P. West, Jr. sold 1,372 shares of the firm's stock in a transaction dated Wednesday, March 5th. The shares were 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 trade represents a 0.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 79,214 shares of company stock valued at $6,293,903 over the last 90 days. 14.30% of the stock is owned by company 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.