Caxton Associates LP Invests $469,000 in SEI Investments (NASDAQ:SEIC)

Caxton Associates LP acquired a new stake in shares of SEI Investments (NASDAQ:SEIC - Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 5,686 shares of the asset manager's stock, valued at approximately $469,000.

Several other institutional investors and hedge funds have also bought and sold shares of the business. CoreFirst Bank & Trust purchased a new stake in SEI Investments in the 4th quarter worth $31,000. Allworth Financial LP grew its holdings in shares of SEI Investments by 53.7% during the fourth quarter. Allworth Financial LP now owns 452 shares of the asset manager's stock worth $38,000 after buying an additional 158 shares in the last quarter. First Horizon Advisors Inc. grew its holdings in shares of SEI Investments by 25.4% during the fourth quarter. First Horizon Advisors Inc. now owns 578 shares of the asset manager's stock worth $48,000 after buying an additional 117 shares in the last quarter. Rialto Wealth Management LLC purchased a new stake in shares of SEI Investments during the fourth quarter worth $55,000. Finally, EverSource Wealth Advisors LLC grew its holdings in shares of SEI Investments by 25.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 860 shares of the asset manager's stock worth $71,000 after buying an additional 172 shares in the last quarter. 70.59% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at SEI Investments

In other SEI Investments news, Chairman Alfred P. West, Jr. sold 72,842 shares of SEI Investments stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $79.45, for a total value of $5,787,296.90. Following 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 position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Mark Andrew Warner sold 5,000 shares of SEI Investments stock in a transaction that occurred 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 completion of the transaction, the insider now directly owns 1,300 shares in the company, valued at approximately $104,507. This represents a 79.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 79,214 shares of company stock valued at $6,293,903. Corporate insiders own 14.60% of the company's stock.

Wall Street Analyst Weigh In

SEIC has been the subject of a number of analyst reports. Keefe, Bruyette & Woods upped their price objective on shares of SEI Investments from $80.00 to $84.00 and gave the company a "market perform" rating in a report on Friday, April 25th. Morgan Stanley reaffirmed an "overweight" rating and set a $82.00 price target (up from $77.00) on shares of SEI Investments in a report on Thursday, April 24th. Oppenheimer reiterated an "outperform" rating on shares of SEI Investments in a research report on Thursday, April 24th. William Blair restated a "market perform" rating on shares of SEI Investments in a report on Thursday, April 24th. Finally, 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. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $87.60.

SEI Investments Stock Up 2.5%

Shares of SEIC traded up $2.01 during midday trading on Monday, reaching $83.55. 287,278 shares of the stock were exchanged, compared to its average volume of 655,779. SEI Investments has a 12-month low of $62.38 and a 12-month high of $87.25. The firm has a 50 day simple moving average of $75.17 and a 200-day simple moving average of $79.56. The company has a market cap of $10.40 billion, a price-to-earnings ratio of 18.92, a P/E/G ratio of 1.41 and a beta of 0.90.

SEI Investments (NASDAQ:SEIC - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The asset manager reported $1.17 earnings per share for the quarter, topping 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 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 business earned $0.99 EPS. The business's quarterly revenue was up 7.8% on a year-over-year basis. Research analysts expect that SEI Investments will post 4.86 earnings per share for the current fiscal year.

SEI Investments announced that its Board of Directors has authorized a stock buyback program on Tuesday, March 18th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the asset manager to buy up to 5.3% of its shares through open market purchases. Shares buyback programs are often a sign that the company's management believes its shares are 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.