Barclays PLC Decreases Holdings in SEI Investments (NASDAQ:SEIC)

Barclays PLC reduced its stake in shares of SEI Investments (NASDAQ:SEIC - Free Report) by 12.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 145,378 shares of the asset manager's stock after selling 20,634 shares during the period. Barclays PLC owned 0.11% of SEI Investments worth $11,990,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SEIC. Townsquare Capital LLC boosted its position in shares of SEI Investments by 26.6% during the 4th quarter. Townsquare Capital LLC now owns 33,974 shares of the asset manager's stock valued at $2,802,000 after purchasing an additional 7,135 shares in the last quarter. Sterling Capital Management LLC boosted its holdings in shares of SEI Investments by 3.6% during the 4th quarter. Sterling Capital Management LLC now owns 23,207 shares of the asset manager's stock worth $1,914,000 after buying an additional 798 shares in the last quarter. Treasurer of the State of North Carolina grew its position in shares of SEI Investments by 0.6% during the 4th quarter. Treasurer of the State of North Carolina now owns 43,937 shares of the asset manager's stock worth $3,624,000 after buying an additional 280 shares during the period. Raymond James Financial Inc. bought a new stake in shares of SEI Investments in the 4th quarter valued at $42,548,000. Finally, Martingale Asset Management L P lifted its position in shares of SEI Investments by 124.7% during the 4th quarter. Martingale Asset Management L P now owns 230,671 shares of the asset manager's stock valued at $19,026,000 after acquiring an additional 128,006 shares during the period. 70.59% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other SEI Investments news, insider Mark Andrew Warner sold 5,000 shares of the business's stock in a transaction 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 completion of the sale, the insider now directly owns 1,300 shares in the company, valued at approximately $104,507. The trade was a 79.37 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Alfred P. West, Jr. sold 1,372 shares of the stock in a transaction that occurred 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 owns 7,078,708 shares in the company, valued at $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. Over the last 90 days, insiders sold 79,214 shares of company stock worth $6,293,903. 14.30% of the stock is owned by corporate insiders.

SEI Investments Stock Down 0.1 %

Shares of NASDAQ SEIC traded down $0.11 during midday trading on Friday, reaching $78.59. The company had a trading volume of 775,073 shares, compared to its average volume of 651,524. The firm's fifty day moving average price is $75.24 and its 200-day moving average price is $78.92. SEI Investments has a one year low of $62.38 and a one year high of $87.25. The stock has a market cap 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.

SEI Investments (NASDAQ:SEIC - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The asset manager reported $1.17 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.12 by $0.05. The firm had revenue of $551.34 million for the quarter, compared to analysts' expectations of $556.76 million. SEI Investments had a net margin of 27.35% and a return on equity of 25.51%. As a group, equities research analysts expect that SEI Investments will post 4.86 EPS for the current year.

SEI Investments declared that its board has approved a share repurchase plan on Tuesday, March 18th that permits the company to buyback $500.00 million in 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 often a sign that the company's board believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on SEIC shares. Raymond James upgraded SEI Investments from a "market perform" rating to an "outperform" rating and set a $99.00 target price on the stock in a report on Thursday, January 30th. Oppenheimer restated an "outperform" rating on shares of SEI Investments in a report on Thursday. StockNews.com raised shares of SEI Investments from a "hold" rating to a "buy" rating in a research report on Thursday. Keefe, Bruyette & Woods boosted their price objective on SEI Investments from $80.00 to $84.00 and gave the stock a "market perform" rating in a report on Friday. Finally, Morgan Stanley reaffirmed an "overweight" rating and set a $82.00 target price (up previously from $77.00) on shares of SEI Investments in a research report on Thursday. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $87.60.

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.