Natixis Advisors LLC Has $45.25 Million Holdings in SEI Investments (NASDAQ:SEIC)

Natixis Advisors LLC lowered its position in SEI Investments (NASDAQ:SEIC - Free Report) by 18.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 548,646 shares of the asset manager's stock after selling 125,624 shares during the quarter. Natixis Advisors LLC owned 0.43% of SEI Investments worth $45,252,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of SEIC. First Horizon Advisors Inc. raised its holdings in shares of SEI Investments by 101.3% in the 3rd quarter. First Horizon Advisors Inc. now owns 461 shares of the asset manager's stock worth $32,000 after buying an additional 232 shares in the last quarter. Allworth Financial LP increased its holdings in SEI Investments by 53.7% during the 4th quarter. Allworth Financial LP now owns 452 shares of the asset manager's stock valued at $38,000 after purchasing an additional 158 shares in the last quarter. Point72 DIFC Ltd acquired a new stake in SEI Investments during the 3rd quarter valued at $45,000. Rialto Wealth Management LLC acquired a new stake in SEI Investments during the 4th quarter valued at $55,000. Finally, EverSource Wealth Advisors LLC increased its holdings in SEI Investments by 25.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 860 shares of the asset manager's stock valued at $71,000 after purchasing an additional 172 shares in the last quarter. Institutional investors own 70.59% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on SEIC shares. Raymond James raised SEI Investments from a "market perform" rating to an "outperform" rating and set a $99.00 price target for the company in a report on Thursday, January 30th. Piper Sandler raised their price target on SEI Investments from $77.00 to $87.00 and gave the company a "neutral" rating in a report on Monday, December 23rd. Keefe, Bruyette & Woods reaffirmed a "market perform" rating and set a $90.00 price target (up from $86.00) on shares of SEI Investments in a report on Thursday, January 30th. Oppenheimer increased their price objective on SEI Investments from $85.00 to $94.00 and gave the company an "outperform" rating in a research report on Tuesday, January 7th. Finally, Morgan Stanley raised 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. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $90.00.

Remove Ads

SEI Investments Price Performance

Shares of SEIC traded down $0.06 during midday trading on Thursday, hitting $76.01. The stock had a trading volume of 785,215 shares, compared to its average volume of 601,119. The company has a 50 day simple moving average of $80.88 and a two-hundred day simple moving average of $77.92. SEI Investments has a twelve month low of $62.38 and a twelve month high of $87.25. The firm has a market cap of $9.65 billion, a price-to-earnings ratio of 17.20, a price-to-earnings-growth ratio of 1.41 and a beta of 0.94.

SEI Investments (NASDAQ:SEIC - Get Free Report) last released its quarterly earnings results on Wednesday, January 29th. The asset manager reported $1.19 earnings per share (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%. 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 Buying and Selling at SEI Investments

In related news, insider Mark Andrew Warner sold 5,000 shares of SEI Investments stock in a transaction dated 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 of the company's stock, valued at approximately $104,507. The trade was a 79.37 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Alfred P. West, Jr. sold 1,372 shares of SEI Investments 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 completion of the sale, the chairman now directly owns 7,078,708 shares in the company, valued at approximately $539,963,846.24. This represents a 0.02 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 79,214 shares of company stock valued at $6,293,903 in the last 90 days. 14.30% of the stock is currently owned by company 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.