Axa S.A. Invests $367,000 in SEI Investments (NASDAQ:SEIC)

Axa S.A. acquired a new stake in shares of SEI Investments (NASDAQ:SEIC - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 4,455 shares of the asset manager's stock, valued at approximately $367,000.

Several other hedge funds also recently bought and sold shares of the business. Geode Capital Management LLC boosted its stake in shares of SEI Investments by 2.4% during the fourth quarter. Geode Capital Management LLC now owns 2,580,737 shares of the asset manager's stock valued at $212,589,000 after purchasing an additional 60,307 shares during the period. Boston Trust Walden Corp increased its position in shares of SEI Investments by 1.6% during the fourth quarter. Boston Trust Walden Corp now owns 1,306,329 shares of the asset manager's stock worth $107,746,000 after acquiring an additional 20,020 shares during the period. FMR LLC increased its position in shares of SEI Investments by 39.3% during the fourth quarter. FMR LLC now owns 1,233,225 shares of the asset manager's stock worth $101,716,000 after acquiring an additional 348,112 shares during the period. Bank of New York Mellon Corp raised its stake in shares of SEI Investments by 4.1% during the fourth quarter. Bank of New York Mellon Corp now owns 1,171,743 shares of the asset manager's stock valued at $96,645,000 after acquiring an additional 46,425 shares in the last quarter. Finally, Northern Trust Corp boosted its holdings in shares of SEI Investments by 20.9% in the fourth quarter. Northern Trust Corp now owns 1,068,181 shares of the asset manager's stock valued at $88,104,000 after purchasing an additional 184,339 shares during the period. Institutional investors own 70.59% of the company's stock.

SEI Investments Stock Performance

NASDAQ:SEIC opened at $81.49 on Friday. The company's 50-day simple moving average is $75.17 and its 200-day simple moving average is $79.46. SEI Investments has a fifty-two week low of $62.38 and a fifty-two week high of $87.25. The stock has a market capitalization of $10.14 billion, a P/E ratio of 18.44, a P/E/G ratio of 1.41 and a beta of 0.90.

SEI Investments (NASDAQ:SEIC - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The asset manager reported $1.17 earnings per share for the quarter, beating the consensus estimate of $1.12 by $0.05. SEI Investments had a net margin of 27.35% and a return on equity of 25.51%. The company had revenue of $551.34 million during the quarter, compared to the consensus estimate of $556.76 million. During the same period last year, the firm earned $0.99 earnings per share. SEI Investments's revenue was up 7.8% compared to the same quarter last year. On average, research analysts forecast that SEI Investments will post 4.86 EPS for the current year.

SEI Investments announced that its Board of Directors has approved a share buyback program on Tuesday, March 18th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the asset manager to reacquire up to 5.3% of its shares through open market purchases. Shares buyback programs are often an indication that the company's board believes its stock is undervalued.

Analyst Ratings Changes

Several equities research analysts have weighed in on SEIC shares. 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. Morgan Stanley reaffirmed an "overweight" rating and issued a $82.00 price objective (up from $77.00) on shares of SEI Investments in a research note on Thursday, April 24th. Keefe, Bruyette & Woods raised their target price on shares of SEI Investments from $80.00 to $84.00 and gave the company a "market perform" rating in a research report on Friday, April 25th. William Blair restated a "market perform" rating on shares of SEI Investments in a report on Thursday, April 24th. Finally, Oppenheimer reissued an "outperform" rating on shares of SEI Investments in a report on Thursday, April 24th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, SEI Investments has an average rating of "Moderate Buy" and a consensus target price of $87.60.

Insider Activity at SEI Investments

In other SEI Investments 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 sale, the insider now owns 1,300 shares of the company's stock, valued at approximately $104,507. The trade was a 79.37 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Chairman Alfred P. West, Jr. sold 1,372 shares of the firm's stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $76.28, for a total transaction of $104,656.16. Following the completion of the transaction, the chairman now directly owns 7,078,708 shares of the company's stock, valued at approximately $539,963,846.24. This represents a 0.02 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 79,214 shares of company stock valued at $6,293,903 in the last ninety days. Corporate 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.

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