SEI Investments (NASDAQ:SEIC) Given Average Recommendation of "Moderate Buy" by Brokerages

SEI Investments (NASDAQ:SEIC - Get Free Report) has earned a consensus rating of "Moderate Buy" from the five analysts that are covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $86.80.

A number of equities analysts have issued reports on SEIC shares. 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. Morgan Stanley upgraded SEI Investments from an "underweight" rating to an "overweight" rating and decreased their target price for the company from $81.00 to $77.00 in a research report on Monday, April 7th. Raymond James raised shares of 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. Keefe, Bruyette & Woods reaffirmed a "market perform" rating and set a $90.00 price objective (up from $86.00) on shares of SEI Investments in a report on Thursday, January 30th. Finally, StockNews.com lowered shares of SEI Investments from a "buy" rating to a "hold" rating in a research report on Monday, April 7th.

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SEI Investments Stock Up 1.9 %

Shares of NASDAQ:SEIC traded up $1.34 during trading on Monday, hitting $72.38. 908,815 shares of the stock traded hands, compared to its average volume of 645,318. The company has a fifty day moving average price of $77.31 and a two-hundred day moving average price of $78.72. SEI Investments has a 52-week low of $62.38 and a 52-week high of $87.25. The company has a market cap of $9.19 billion, a price-to-earnings ratio of 16.38, a P/E/G ratio of 1.41 and a beta of 0.90.

SEI Investments (NASDAQ:SEIC - Get Free Report) last issued its quarterly earnings data on Wednesday, January 29th. The asset manager reported $1.19 earnings per share for the quarter, missing analysts' consensus estimates of $1.21 by ($0.02). SEI Investments had a return on equity of 25.51% and a net margin of 27.35%. On average, equities research analysts predict that SEI Investments will post 4.86 EPS for the current fiscal year.

SEI Investments announced that its Board of Directors has initiated a stock 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 generally an indication that the company's leadership believes its stock is undervalued.

Insider Transactions at SEI Investments

In other SEI Investments news, Chairman Alfred P. West, Jr. sold 1,372 shares of the 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 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Mark Andrew Warner sold 5,000 shares of the business'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 in the company, valued at approximately $104,507. This represents a 79.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 79,214 shares of company stock valued at $6,293,903 over the last 90 days. 14.30% of the stock is currently owned by corporate insiders.

Institutional Trading of SEI Investments

Hedge funds and other institutional investors have recently modified their holdings of the stock. Norges Bank purchased a new stake in shares of SEI Investments in the fourth quarter valued at about $48,009,000. Raymond James Financial Inc. purchased a new stake in shares of SEI Investments in the 4th quarter valued at approximately $42,548,000. GAMMA Investing LLC increased its holdings in shares of SEI Investments by 9,563.5% during the 1st quarter. GAMMA Investing LLC now owns 470,515 shares of the asset manager's stock worth $36,526,000 after buying an additional 465,646 shares during the last quarter. FMR LLC raised its position in shares of SEI Investments by 39.3% during the 4th quarter. FMR LLC now owns 1,233,225 shares of the asset manager's stock valued at $101,716,000 after buying an additional 348,112 shares during the period. Finally, Los Angeles Capital Management LLC acquired a new position in SEI Investments in the fourth quarter valued at approximately $26,702,000. 70.59% of the stock is owned by institutional investors and hedge funds.

About SEI Investments

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.