Trexquant Investment LP Purchases 87,307 Shares of SEI Investments (NASDAQ:SEIC)

Trexquant Investment LP boosted its position in SEI Investments (NASDAQ:SEIC - Free Report) by 388.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 109,804 shares of the asset manager's stock after buying an additional 87,307 shares during the quarter. Trexquant Investment LP owned approximately 0.09% of SEI Investments worth $9,057,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. CoreFirst Bank & Trust acquired a new stake in shares of SEI Investments during the 4th quarter valued at approximately $31,000. Allworth Financial LP grew its position in shares of 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 buying an additional 158 shares during the last quarter. Point72 DIFC Ltd acquired a new stake in SEI Investments during the third quarter worth about $45,000. First Horizon Advisors Inc. lifted its holdings in SEI Investments by 25.4% in the fourth 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 last quarter. Finally, Rialto Wealth Management LLC acquired a new position in SEI Investments in the fourth quarter valued at approximately $55,000. Institutional investors and hedge funds own 70.59% of the company's stock.

Wall Street Analyst Weigh In

SEIC has been the topic of a number of research reports. Raymond James upgraded SEI Investments from a "market perform" rating to an "outperform" rating and set a $99.00 price target on the stock in a research report on Thursday, January 30th. Oppenheimer raised their target price on SEI Investments from $85.00 to $94.00 and gave the company an "outperform" rating in a research note on Tuesday, January 7th. Piper Sandler upped their price target on shares of SEI Investments from $77.00 to $87.00 and gave the stock a "neutral" rating in a research report on Monday, December 23rd. Morgan Stanley upgraded shares of SEI Investments from an "underweight" rating to an "overweight" rating and cut their price objective for the company from $81.00 to $77.00 in a research report on Monday. Finally, Keefe, Bruyette & Woods restated a "market perform" rating and issued a $90.00 target price (up previously from $86.00) on shares of SEI Investments in a research report on Thursday, January 30th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $89.40.

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SEI Investments Stock Down 2.1 %

NASDAQ SEIC traded down $1.46 on Monday, reaching $67.56. 414,681 shares of the stock traded hands, compared to its average volume of 632,817. SEI Investments has a 12 month low of $62.38 and a 12 month high of $87.25. The firm's fifty day simple moving average is $79.41 and its 200 day simple moving average is $78.79. The company has a market cap of $8.58 billion, a price-to-earnings ratio of 15.19, 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 results 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 net margin of 27.35% and a return on equity of 25.51%. As a group, 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 share buyback plan on Tuesday, March 18th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the asset manager to purchase up to 5.3% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's leadership believes its shares are undervalued.

Insider Activity

In related news, insider Mark Andrew Warner sold 5,000 shares of the business's stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $80.39, for a total transaction of $401,950.00. Following the transaction, the insider now directly 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 sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Chairman Alfred P. West, Jr. sold 1,372 shares of the company's stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $76.28, for a total value of $104,656.16. Following the completion of the transaction, the chairman now directly owns 7,078,708 shares in the company, valued at approximately $539,963,846.24. The trade was a 0.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 79,214 shares of company stock worth $6,293,903. Insiders own 14.30% of the company's stock.

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.