Dimensional Fund Advisors LP Sells 14,345 Shares of SEI Investments (NASDAQ:SEIC)

Dimensional Fund Advisors LP reduced its stake in SEI Investments (NASDAQ:SEIC - Free Report) by 0.9% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,621,446 shares of the asset manager's stock after selling 14,345 shares during the period. Dimensional Fund Advisors LP owned 1.26% of SEI Investments worth $133,740,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Zacks Investment Management bought a new position in shares of SEI Investments in the 4th quarter worth $7,102,000. Jump Financial LLC bought a new position in shares of SEI Investments in the 4th quarter worth $3,075,000. Aware Super Pty Ltd as trustee of Aware Super bought a new position in shares of SEI Investments in the 4th quarter worth $23,710,000. CreativeOne Wealth LLC bought a new position in shares of SEI Investments in the 4th quarter worth $242,000. Finally, Mariner LLC boosted its position in shares of SEI Investments by 5.2% in the 4th quarter. Mariner LLC now owns 8,404 shares of the asset manager's stock worth $693,000 after purchasing an additional 419 shares during the last quarter. 70.59% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have weighed in on SEIC. Oppenheimer reiterated an "outperform" rating on shares of SEI Investments in a report on Thursday. Raymond James upgraded SEI Investments from a "market perform" rating to an "outperform" rating and set a $99.00 target price on the stock in a report on Thursday, January 30th. Piper Sandler lifted their target price on SEI Investments from $74.00 to $79.00 and gave the stock a "neutral" rating in a report on Thursday. StockNews.com upgraded SEI Investments from a "hold" rating to a "buy" rating in a report on Thursday. Finally, Morgan Stanley reiterated an "overweight" rating and set a $82.00 target price (up from $77.00) on shares of SEI Investments in a report on Thursday. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, SEI Investments presently has an average rating of "Moderate Buy" and an average price target of $87.60.

SEI Investments Trading Down 1.0 %

Shares of SEI Investments stock traded down $0.81 during trading on Monday, reaching $77.78. The stock had a trading volume of 687,717 shares, compared to its average volume of 652,273. The company has a market capitalization of $9.78 billion, a price-to-earnings ratio of 17.60, a P/E/G ratio of 1.41 and a beta of 0.90. The stock has a fifty day moving average price of $75.14 and a two-hundred day moving average price of $79.09. SEI Investments has a 52 week low of $62.38 and a 52 week high of $87.25.

SEI Investments (NASDAQ:SEIC - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The asset manager reported $1.17 EPS for the quarter, beating analysts' consensus estimates of $1.12 by $0.05. The company had revenue of $551.34 million for the quarter, compared to analyst estimates of $556.76 million. SEI Investments had a return on equity of 25.51% and a net margin of 27.35%. The company's quarterly revenue was up 7.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.99 earnings per share. On average, equities analysts forecast that SEI Investments will post 4.86 EPS for the current fiscal year.

SEI Investments declared that its Board of Directors has authorized a share repurchase 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 reacquire up to 5.3% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's leadership believes its shares are undervalued.

Insider Activity at SEI Investments

In other SEI Investments news, insider Mark Andrew Warner sold 5,000 shares of the business's stock in a transaction that occurred 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 of the company's stock, valued at $104,507. The trade was a 79.37 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Alfred P. West, Jr. sold 1,372 shares of the business's 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 directly owns 7,078,708 shares in the company, valued at approximately $539,963,846.24. This trade represents a 0.02 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 79,214 shares of company stock valued at $6,293,903. 14.30% of the stock is owned by insiders.

SEI Investments 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.