Brown Advisory Inc. Has $46.85 Million Holdings in SEI Investments (NASDAQ:SEIC)

Brown Advisory Inc. cut its holdings in shares of SEI Investments (NASDAQ:SEIC - Free Report) by 29.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 568,027 shares of the asset manager's stock after selling 237,728 shares during the period. Brown Advisory Inc. owned about 0.44% of SEI Investments worth $46,851,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. King Luther Capital Management Corp acquired a new stake in shares of SEI Investments during the fourth quarter worth $2,645,000. Boston Trust Walden Corp raised its holdings in shares of SEI Investments by 1.6% in 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 last quarter. Longboard Asset Management LP purchased a new stake in shares of SEI Investments in the fourth quarter valued at $267,000. New York Life Investment Management LLC acquired a new stake in shares of SEI Investments during the fourth quarter valued at $863,000. Finally, CHURCHILL MANAGEMENT Corp purchased a new stake in SEI Investments during the 4th quarter worth about $1,818,000. Hedge funds and other institutional investors own 70.59% of the company's stock.

Analysts Set New Price Targets

SEIC has been the topic of several research analyst reports. William Blair reissued a "market perform" rating on shares of SEI Investments in a research report on Thursday, April 24th. Keefe, Bruyette & Woods increased their price target on SEI Investments from $80.00 to $84.00 and gave the stock a "market perform" rating in a research report on Friday, April 25th. Piper Sandler increased their target price on SEI Investments from $74.00 to $79.00 and gave the stock a "neutral" rating in a research report on Thursday, April 24th. StockNews.com raised shares of SEI Investments from a "hold" rating to a "buy" rating in a report on Saturday. Finally, Oppenheimer reaffirmed an "outperform" rating on shares of SEI Investments in a report on Thursday, April 24th. 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, the company has an average rating of "Moderate Buy" and an average target price of $87.60.

Insider Transactions at SEI Investments

In related news, Chairman Alfred P. West, Jr. sold 1,372 shares of SEI Investments stock in a transaction that occurred 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 sale, the chairman now owns 7,078,708 shares of the company's stock, valued at approximately $539,963,846.24. This trade represents a 0.02 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Mark Andrew Warner sold 5,000 shares of SEI Investments 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 completion of the sale, the insider now owns 1,300 shares in the company, valued at $104,507. This trade represents a 79.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 79,214 shares of company stock worth $6,293,903. 14.30% of the stock is currently owned by company insiders.

SEI Investments Stock Performance

Shares of NASDAQ:SEIC traded up $0.15 during trading hours on Friday, hitting $81.49. 429,669 shares of the company's stock traded hands, compared to its average volume of 657,151. The company has a market cap of $10.14 billion, a price-to-earnings ratio of 18.44, a price-to-earnings-growth ratio of 1.41 and a beta of 0.90. SEI Investments has a 52 week low of $62.38 and a 52 week high of $87.25. The company's fifty day simple moving average is $75.17 and its two-hundred day simple moving average is $79.52.

SEI Investments (NASDAQ:SEIC - Get Free Report) last released its earnings results 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. SEI Investments had a return on equity of 25.51% and a net margin of 27.35%. The firm had revenue of $551.34 million for the quarter, compared to analyst estimates of $556.76 million. During the same quarter last year, the firm posted $0.99 EPS. The company's revenue was up 7.8% on a year-over-year basis. On average, analysts anticipate that SEI Investments will post 4.86 EPS for the current fiscal year.

SEI Investments announced that its Board of Directors has authorized a share repurchase plan on Tuesday, March 18th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the asset manager to buy up to 5.3% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's board of directors believes its stock is undervalued.

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.