Susquehanna Fundamental Investments LLC Takes Position in SEI Investments (NASDAQ:SEIC)

Susquehanna Fundamental Investments LLC bought a new stake in SEI Investments (NASDAQ:SEIC - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 84,604 shares of the asset manager's stock, valued at approximately $6,978,000. Susquehanna Fundamental Investments LLC owned approximately 0.07% of SEI Investments at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. King Luther Capital Management Corp purchased a new position in SEI Investments in the fourth quarter worth $2,645,000. Boston Trust Walden Corp increased its position in shares of SEI Investments by 1.6% during the 4th quarter. Boston Trust Walden Corp now owns 1,306,329 shares of the asset manager's stock valued at $107,746,000 after purchasing an additional 20,020 shares during the last quarter. Longboard Asset Management LP purchased a new position in shares of SEI Investments during the 4th quarter valued at about $267,000. New York Life Investment Management LLC bought a new stake in SEI Investments in the 4th quarter worth approximately $863,000. Finally, CHURCHILL MANAGEMENT Corp purchased a new stake in SEI Investments in the fourth quarter worth approximately $1,818,000. 70.59% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other SEI Investments news, Chairman Alfred P. West, Jr. sold 1,372 shares of the stock in a transaction on 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 owns 7,078,708 shares in the company, valued at approximately $539,963,846.24. This represents a 0.02 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Mark Andrew Warner sold 5,000 shares of the company's stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $80.39, for a total transaction of $401,950.00. Following the completion of the sale, the insider now directly owns 1,300 shares in the company, valued at $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 worth $6,293,903 over the last three months. Company insiders own 14.30% of the company's stock.

SEI Investments Stock Performance

SEIC opened at $78.59 on Monday. The stock has a market capitalization of $9.88 billion, a PE ratio of 17.78, a price-to-earnings-growth ratio of 1.41 and a beta of 0.90. The stock's 50 day moving average price is $75.24 and its 200-day moving average price is $79.04. SEI Investments has a 52-week low of $62.38 and a 52-week high of $87.25.

SEI Investments (NASDAQ:SEIC - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The asset manager reported $1.17 EPS for the quarter, topping the consensus estimate of $1.12 by $0.05. The business had revenue of $551.34 million during the quarter, compared to analyst estimates of $556.76 million. SEI Investments had a net margin of 27.35% and a return on equity of 25.51%. Research analysts forecast that SEI Investments will post 4.86 EPS for the current fiscal year.

SEI Investments announced that its board has authorized a stock repurchase program on Tuesday, March 18th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the asset manager to reacquire up to 5.3% of its stock through open market purchases. Stock repurchase programs are often a sign that the company's leadership believes its stock is undervalued.

Analysts Set New Price Targets

Several research analysts have commented on SEIC shares. Oppenheimer reissued an "outperform" rating on shares of SEI Investments in a research note on Thursday. Raymond James upgraded 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 research report on Thursday, January 30th. StockNews.com raised SEI Investments from a "hold" rating to a "buy" rating in a research note on Thursday. Morgan Stanley restated an "overweight" rating and set a $82.00 target price (up from $77.00) on shares of SEI Investments in a report on Thursday. Finally, William Blair reaffirmed a "market perform" rating on shares of SEI Investments in a research note on Thursday. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, SEI Investments currently has a consensus rating of "Moderate Buy" and a consensus target price of $87.60.

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.

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