Vinva Investment Management Ltd Grows Stake in SEI Investments (NASDAQ:SEIC)

Vinva Investment Management Ltd raised its stake in shares of SEI Investments (NASDAQ:SEIC - Free Report) by 120.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 108,350 shares of the asset manager's stock after purchasing an additional 59,214 shares during the period. Vinva Investment Management Ltd owned 0.08% of SEI Investments worth $8,954,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SEIC. Xponance Inc. increased its stake in SEI Investments by 5.5% in the fourth quarter. Xponance Inc. now owns 17,337 shares of the asset manager's stock valued at $1,430,000 after purchasing an additional 911 shares in the last quarter. Parallel Advisors LLC lifted its stake in SEI Investments by 0.9% in the fourth quarter. Parallel Advisors LLC now owns 17,261 shares of the asset manager's stock valued at $1,424,000 after purchasing an additional 158 shares during the last quarter. Envestnet Portfolio Solutions Inc. grew its stake in shares of SEI Investments by 29.6% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 11,119 shares of the asset manager's stock worth $917,000 after acquiring an additional 2,542 shares during the period. Globeflex Capital L P purchased a new position in shares of SEI Investments in the fourth quarter worth about $148,000. Finally, Catalyst Funds Management Pty Ltd raised its stake in shares of SEI Investments by 200.0% during the 4th quarter. Catalyst Funds Management Pty Ltd now owns 6,000 shares of the asset manager's stock valued at $495,000 after purchasing an additional 4,000 shares during the period. Institutional investors and hedge funds own 70.59% of the company's stock.

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SEI Investments Stock Performance

Shares of SEIC traded down $0.17 during mid-day trading on Friday, hitting $75.84. 3,108,780 shares of the company traded hands, compared to its average volume of 611,996. The stock has a market cap of $9.63 billion, a price-to-earnings ratio of 17.16, a P/E/G ratio of 1.41 and a beta of 0.94. The stock has a 50-day moving average price of $80.71 and a two-hundred day moving average price of $78.03. SEI Investments has a 1 year low of $62.38 and a 1 year high of $87.25.

SEI Investments (NASDAQ:SEIC - Get Free Report) last issued its quarterly earnings results on Wednesday, January 29th. The asset manager reported $1.19 EPS 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, analysts forecast that SEI Investments will post 4.86 EPS for the current year.

SEI Investments declared that its Board of Directors has approved a stock 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 generally a sign that the company's management believes its stock is undervalued.

Insider Transactions at SEI Investments

In other news, 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 transaction of $401,950.00. Following the sale, the insider now directly owns 1,300 shares of the company's stock, valued at $104,507. This represents a 79.37 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Alfred P. West, Jr. sold 72,842 shares of SEI Investments stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $79.45, for a total transaction of $5,787,296.90. Following the completion of the transaction, the chairman now directly owns 7,160,080 shares of the company's stock, valued at $568,868,356. The trade was a 1.01 % 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 valued at $6,293,903 over the last 90 days. Company insiders own 14.30% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on SEIC shares. Keefe, Bruyette & Woods restated a "market perform" rating and set a $90.00 price target (up from $86.00) on shares of SEI Investments in a research report on Thursday, January 30th. Oppenheimer increased their target price on SEI Investments from $85.00 to $94.00 and gave the company an "outperform" rating in a report on Tuesday, January 7th. Raymond James upgraded SEI Investments from a "market perform" rating to an "outperform" rating and set a $99.00 target price for the company in a report on Thursday, January 30th. Piper Sandler lifted their price objective on SEI Investments from $77.00 to $87.00 and gave the company a "neutral" rating in a research report on Monday, December 23rd. Finally, Morgan Stanley raised their price objective on SEI Investments from $75.00 to $80.00 and gave the company an "underweight" rating in a research report on Friday, January 3rd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $90.00.

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.