Nebula Research & Development LLC Purchases 5,558 Shares of SEI Investments (NASDAQ:SEIC)

Nebula Research & Development LLC grew its stake in shares of SEI Investments (NASDAQ:SEIC - Free Report) by 16.5% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 39,150 shares of the asset manager's stock after acquiring an additional 5,558 shares during the period. Nebula Research & Development LLC's holdings in SEI Investments were worth $3,229,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. CoreFirst Bank & Trust acquired a new stake in shares of SEI Investments in the fourth quarter worth $31,000. Allworth Financial LP lifted its stake in SEI Investments by 53.7% in the 4th quarter. Allworth Financial LP now owns 452 shares of the asset manager's stock worth $38,000 after acquiring an additional 158 shares in the last quarter. First Horizon Advisors Inc. boosted its position in SEI Investments by 25.4% during the 4th quarter. First Horizon Advisors Inc. now owns 578 shares of the asset manager's stock worth $48,000 after acquiring an additional 117 shares during the period. Rialto Wealth Management LLC purchased a new position in SEI Investments during the 4th quarter valued at about $55,000. Finally, EverSource Wealth Advisors LLC grew its stake 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 acquiring an additional 172 shares in the last quarter. Institutional investors and hedge funds own 70.59% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on SEIC shares. Piper Sandler lifted their target price on SEI Investments from $74.00 to $79.00 and gave the company a "neutral" rating in a research note on Thursday. William Blair reaffirmed a "market perform" rating on shares of SEI Investments in a research note on Thursday. Keefe, Bruyette & Woods lifted their target price on SEI Investments from $80.00 to $84.00 and gave the company a "market perform" rating in a research note on Friday. Raymond James raised SEI Investments from a "market perform" rating to an "outperform" rating and set a $99.00 target price on the stock in a research note on Thursday, January 30th. Finally, StockNews.com raised SEI Investments from a "hold" rating to a "buy" rating in a research note on Thursday. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $87.60.

SEI Investments Price Performance

SEIC traded down $0.81 on Monday, hitting $77.78. The company had a trading volume of 687,717 shares, compared to its average volume of 652,273. The company's fifty day moving average price is $75.24 and its 200 day moving average price is $79.04. SEI Investments has a 1-year low of $62.38 and a 1-year high of $87.25. The stock has a market cap of $9.78 billion, a price-to-earnings ratio of 17.60, a price-to-earnings-growth ratio of 1.41 and a beta of 0.90.

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

SEI Investments announced that its board has initiated a share repurchase plan on Tuesday, March 18th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the asset manager to purchase up to 5.3% of its stock through open market purchases. Stock buyback plans are typically an indication that the company's management believes its stock is undervalued.

Insider Transactions at SEI Investments

In other news, Chairman Alfred P. West, Jr. sold 1,372 shares of the company'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 transaction of $104,656.16. Following the completion of the transaction, the chairman now directly owns 7,078,708 shares in the company, valued at $539,963,846.24. The trade was a 0.02 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Mark Andrew Warner sold 5,000 shares of the company'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 value of $401,950.00. Following the transaction, the insider now owns 1,300 shares of the company's stock, valued at approximately $104,507. This trade represents a 79.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 79,214 shares of company stock worth $6,293,903 over the last three months. 14.30% of the stock is currently owned by insiders.

SEI Investments Company 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.