Martingale Asset Management L P Acquires 128,006 Shares of SEI Investments (NASDAQ:SEIC)

Martingale Asset Management L P grew its position in SEI Investments (NASDAQ:SEIC - Free Report) by 124.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 230,671 shares of the asset manager's stock after acquiring an additional 128,006 shares during the period. Martingale Asset Management L P owned 0.18% of SEI Investments worth $19,026,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of SEIC. CoreFirst Bank & Trust bought a new position in SEI Investments in the 4th quarter valued at $31,000. Allworth Financial LP raised its holdings in shares of SEI Investments by 53.7% in the fourth quarter. Allworth Financial LP now owns 452 shares of the asset manager's stock valued at $38,000 after buying an additional 158 shares during the last quarter. First Horizon Advisors Inc. raised its holdings in shares of SEI Investments by 25.4% in the fourth quarter. First Horizon Advisors Inc. now owns 578 shares of the asset manager's stock valued at $48,000 after buying an additional 117 shares during the last quarter. Point72 DIFC Ltd bought a new stake in SEI Investments during the 3rd quarter worth about $45,000. Finally, Rialto Wealth Management LLC acquired a new stake in SEI Investments in the 4th quarter valued at about $55,000. 70.59% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. StockNews.com lowered shares of SEI Investments from a "buy" rating to a "hold" rating in a research report on Monday, April 7th. Piper Sandler decreased their price objective on SEI Investments from $87.00 to $74.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 8th. Keefe, Bruyette & Woods restated a "market perform" rating and set a $90.00 target price (up previously from $86.00) on shares of SEI Investments in a research report on Thursday, January 30th. Raymond James upgraded SEI Investments from a "market perform" rating to an "outperform" rating and set a $99.00 price objective for the company in a research report on Thursday, January 30th. Finally, Morgan Stanley raised SEI Investments from an "underweight" rating to an "overweight" rating and dropped their price objective for the stock from $81.00 to $77.00 in a report on Monday, April 7th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, SEI Investments presently has a consensus rating of "Moderate Buy" and an average target price of $86.80.

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Insider Transactions at SEI Investments

In other SEI Investments news, Chairman Alfred P. West, Jr. sold 72,842 shares of SEI Investments stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $79.45, for a total value of $5,787,296.90. Following the transaction, the chairman now owns 7,160,080 shares of the company's stock, valued at approximately $568,868,356. The trade was a 1.01 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, 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 sale, the insider now directly owns 1,300 shares of the company's stock, valued at $104,507. This represents a 79.37 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 79,214 shares of company stock valued at $6,293,903 over the last three months. 14.30% of the stock is currently owned by corporate insiders.

SEI Investments Stock Up 0.6 %

Shares of SEI Investments stock traded up $0.41 during trading on Monday, reaching $72.79. 97,589 shares of the company were exchanged, compared to its average volume of 644,272. SEI Investments has a twelve month low of $62.38 and a twelve month high of $87.25. The business has a 50-day moving average price of $77.31 and a 200-day moving average price of $78.79. The firm has a market capitalization of $9.24 billion, a price-to-earnings ratio of 16.47, a P/E/G ratio of 1.41 and a beta of 0.90.

SEI Investments (NASDAQ:SEIC - Get Free Report) last announced its quarterly earnings results 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, equities research analysts forecast that SEI Investments will post 4.86 EPS for the current fiscal year.

SEI Investments announced that its board has initiated a stock buyback plan on Tuesday, March 18th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the asset manager to reacquire up to 5.3% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's board of directors believes its stock is 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.