4,249 Shares in SEI Investments (NASDAQ:SEIC) Purchased by Florida Financial Advisors LLC

Florida Financial Advisors LLC purchased a new position in SEI Investments (NASDAQ:SEIC - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,249 shares of the asset manager's stock, valued at approximately $350,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. King Luther Capital Management Corp purchased a new stake in SEI Investments in the 4th quarter valued at about $2,645,000. Boston Trust Walden Corp boosted its holdings in shares of SEI Investments by 1.6% in the fourth 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 during the period. Longboard Asset Management LP bought a new position in SEI Investments in the fourth quarter worth approximately $267,000. New York Life Investment Management LLC purchased a new position in SEI Investments during the 4th quarter worth $863,000. Finally, CHURCHILL MANAGEMENT Corp purchased a new position in SEI Investments during the 4th quarter worth $1,818,000. 70.59% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently issued reports on SEIC. Oppenheimer increased 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. Raymond James raised shares of SEI Investments from a "market perform" rating to an "outperform" rating and set a $99.00 target price on the stock in a research report on Thursday, January 30th. Piper Sandler boosted their price target on SEI Investments from $77.00 to $87.00 and gave the stock a "neutral" rating in a research report on Monday, December 23rd. Morgan Stanley raised their price objective on SEI Investments from $75.00 to $80.00 and gave the company an "underweight" rating in a research report on Friday, January 3rd. Finally, Keefe, Bruyette & Woods reiterated a "market perform" rating and issued a $90.00 target price (up from $86.00) on shares of SEI Investments in a report on Thursday, January 30th. 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $90.00.

Remove Ads

Insider Transactions at SEI Investments

In other SEI Investments news, insider Mark Andrew Warner sold 5,000 shares of the firm's stock in a transaction that occurred on 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 transaction, the insider now directly owns 1,300 shares of the company's stock, valued at approximately $104,507. This trade represents a 79.37 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Chairman Alfred P. West, Jr. sold 72,842 shares of the company's stock in a transaction on 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 completion of the sale, the chairman now directly owns 7,160,080 shares in the company, valued at $568,868,356. This trade represents a 1.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 79,214 shares of company stock worth $6,293,903. Company insiders own 14.30% of the company's stock.

SEI Investments Stock Performance

NASDAQ:SEIC traded down $1.04 during mid-day trading on Friday, hitting $77.11. 907,715 shares of the company's stock traded hands, compared to its average volume of 625,777. The company has a market capitalization of $9.79 billion, a P/E ratio of 17.45, a P/E/G ratio of 1.41 and a beta of 0.94. The company has a fifty day moving average of $80.33 and a 200 day moving average of $78.44. SEI Investments has a twelve month low of $62.38 and a twelve month high of $87.25.

SEI Investments (NASDAQ:SEIC - Get Free Report) last announced its quarterly earnings data on Wednesday, January 29th. The asset manager reported $1.19 EPS for the quarter, missing the consensus estimate 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, research analysts expect that SEI Investments will post 4.86 earnings per share for the current fiscal year.

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

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.