37,282 Shares in SEI Investments (NASDAQ:SEIC) Acquired by Jump Financial LLC

Jump Financial LLC acquired a new stake in shares of SEI Investments (NASDAQ:SEIC - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 37,282 shares of the asset manager's stock, valued at approximately $3,075,000.

Several other hedge funds also recently bought and sold shares of the business. HighTower Advisors LLC grew its holdings in shares of SEI Investments by 4.0% in the third quarter. HighTower Advisors LLC now owns 10,939 shares of the asset manager's stock worth $761,000 after purchasing an additional 425 shares during the last quarter. MML Investors Services LLC grew its holdings in shares of SEI Investments by 12.2% in the third quarter. MML Investors Services LLC now owns 3,472 shares of the asset manager's stock worth $240,000 after purchasing an additional 377 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of SEI Investments in the third quarter worth about $374,000. Franklin Resources Inc. grew its holdings in shares of SEI Investments by 17.8% in the third quarter. Franklin Resources Inc. now owns 320,482 shares of the asset manager's stock worth $22,799,000 after purchasing an additional 48,429 shares during the last quarter. Finally, DGS Capital Management LLC grew its holdings in shares of SEI Investments by 14.4% in the third quarter. DGS Capital Management LLC now owns 11,518 shares of the asset manager's stock worth $797,000 after purchasing an additional 1,448 shares during the last quarter. Institutional investors own 70.59% of the company's stock.

Insider Activity at SEI Investments

In related news, insider Mark Andrew Warner sold 5,000 shares of the stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $80.39, for a total value of $401,950.00. Following the transaction, the insider now owns 1,300 shares in the company, valued at approximately $104,507. This represents a 79.37 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Alfred P. West, Jr. sold 72,842 shares of the stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $79.45, for a total transaction of $5,787,296.90. Following the completion of the transaction, the chairman now owns 7,160,080 shares in the company, valued at approximately $568,868,356. This trade represents a 1.01 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 79,214 shares of company stock valued at $6,293,903 in the last three months. 14.30% of the stock is owned by insiders.

SEI Investments Price Performance

Shares of SEIC stock traded up $1.88 during mid-day trading on Wednesday, hitting $73.78. 171,573 shares of the stock traded hands, compared to its average volume of 649,680. The stock has a market cap of $9.28 billion, a P/E ratio of 16.69, a P/E/G ratio of 1.41 and a beta of 0.90. The stock's fifty day moving average is $75.58 and its two-hundred day moving average is $78.84. 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 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%. As a group, 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 stock buyback program on Tuesday, March 18th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the asset manager to buy up to 5.3% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company's management believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on SEIC. Piper Sandler lowered their price objective on shares of SEI Investments from $87.00 to $74.00 and set a "neutral" rating for the company in a research note on Tuesday, April 8th. StockNews.com lowered shares of SEI Investments from a "buy" rating to a "hold" rating in a research note on Wednesday, April 16th. Oppenheimer upped their price objective on shares of SEI Investments from $85.00 to $94.00 and gave the stock an "outperform" rating in a research note 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 price objective for the company in a research note on Thursday, January 30th. Finally, Morgan Stanley raised shares of SEI Investments from an "underweight" rating to an "overweight" rating and lowered their price objective for the stock from $81.00 to $77.00 in a research note on Monday, April 7th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $86.80.

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.