Xponance Inc. Purchases 911 Shares of SEI Investments (NASDAQ:SEIC)

Xponance Inc. raised its position in SEI Investments (NASDAQ:SEIC) by 5.5% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 17,337 shares of the asset manager’s stock after acquiring an additional 911 shares during the period. Xponance Inc.’s holdings in SEI Investments were worth $1,430,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of SEIC. First Horizon Advisors Inc. lifted its stake in SEI Investments by 101.3% in the 3rd quarter. First Horizon Advisors Inc. now owns 461 shares of the asset manager’s stock valued at $32,000 after acquiring an additional 232 shares in the last quarter. 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 valued at $38,000 after acquiring an additional 158 shares in the last quarter. Point72 DIFC Ltd bought a new stake in SEI Investments in the 3rd quarter valued at approximately $45,000. Rialto Wealth Management LLC bought a new stake in SEI Investments in the 4th quarter valued at approximately $55,000. Finally, EverSource Wealth Advisors LLC lifted its stake in SEI Investments by 25.0% in 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 own 70.59% of the company’s stock.

SEI Investments Trading Down 0.2 %

SEIC opened at $75.84 on Friday. SEI Investments has a 1-year low of $62.38 and a 1-year high of $87.25. The stock’s fifty day simple moving average is $80.71 and its 200 day simple moving average is $78.03. The stock has a market cap of $9.63 billion, a PE ratio of 17.16, a price-to-earnings-growth ratio of 1.41 and a beta of 0.94.

SEI Investments (NASDAQ:SEIC) last posted 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%. Equities analysts forecast that SEI Investments will post 4.86 earnings per share for the current year.

SEI Investments declared that its Board of Directors has approved a share repurchase plan on Tuesday, March 18th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the asset manager to purchase up to 5.3% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Insider Activity at SEI Investments

In other SEI Investments news, insider Mark Andrew Warner sold 5,000 shares of the company’s stock in a transaction 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 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 filing with the SEC, which is available through this hyperlink. Also, Chairman Alfred P. West, Jr. sold 1,372 shares of the company’s stock in a transaction on 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 transaction, the chairman now directly 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 disclosure for this sale can be found here. In the last quarter, insiders have sold 79,214 shares of company stock worth $6,293,903. Company insiders own 14.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on SEIC. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $90.00 price objective (up previously from $86.00) on shares of SEI Investments in a research note on Thursday, January 30th. Piper Sandler upped their price objective on SEI Investments from $77.00 to $87.00 and gave the stock a “neutral” rating in a research note on Monday, December 23rd. Morgan Stanley upped their price objective on SEI Investments from $75.00 to $80.00 and gave the stock an “underweight” rating in a research note on Friday, January 3rd. Oppenheimer upped their price objective on SEI Investments from $85.00 to $94.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 7th. Finally, Raymond James upgraded SEI Investments from a “market perform” rating to an “outperform” rating and set a $99.00 price objective on the stock in a research note on Thursday, January 30th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $90.00.

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.