Ensign Peak Advisors Inc Sells 4,516 Shares of SEI Investments (NASDAQ:SEIC)

Ensign Peak Advisors Inc decreased its position in SEI Investments (NASDAQ:SEIC - Free Report) by 6.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 69,627 shares of the asset manager's stock after selling 4,516 shares during the quarter. Ensign Peak Advisors Inc owned 0.05% of SEI Investments worth $5,743,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. CoreFirst Bank & Trust bought a new stake in shares of SEI Investments in the 4th quarter worth about $31,000. Allworth Financial LP grew its holdings in shares of SEI Investments by 53.7% in the 4th quarter. Allworth Financial LP now owns 452 shares of the asset manager's stock worth $38,000 after purchasing an additional 158 shares during the last quarter. First Horizon Advisors Inc. grew its holdings in shares of SEI Investments by 25.4% in the 4th quarter. First Horizon Advisors Inc. now owns 578 shares of the asset manager's stock worth $48,000 after purchasing an additional 117 shares during the last quarter. Rialto Wealth Management LLC bought a new stake in shares of SEI Investments in the 4th quarter worth about $55,000. Finally, EverSource Wealth Advisors LLC grew its holdings in shares of SEI Investments by 25.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 860 shares of the asset manager's stock worth $71,000 after purchasing an additional 172 shares during the last quarter. Institutional investors own 70.59% of the company's stock.

SEI Investments Stock Up 0.7%

SEI Investments stock traded up $0.61 during midday trading on Friday, hitting $85.38. 765,718 shares of the stock were exchanged, compared to its average volume of 664,462. The company has a fifty day simple moving average of $76.04 and a two-hundred day simple moving average of $79.80. SEI Investments has a 52 week low of $62.38 and a 52 week high of $87.25. The stock has a market capitalization of $10.63 billion, a PE ratio of 19.32, a P/E/G 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 for the quarter, topping 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 business 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 earned $0.99 EPS. SEI Investments's quarterly revenue was up 7.8% compared to the same quarter last year. As a group, equities research analysts anticipate that SEI Investments will post 4.86 EPS for the current fiscal year.

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

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. StockNews.com raised shares of SEI Investments from a "hold" rating to a "buy" rating in a report on Saturday, May 10th. Piper Sandler increased their price objective on shares of SEI Investments from $74.00 to $79.00 and gave the stock a "neutral" rating in a report on Thursday, April 24th. William Blair reissued a "market perform" rating on shares of SEI Investments in a report on Thursday, April 24th. Oppenheimer reissued an "outperform" rating on shares of SEI Investments in a report on Thursday, April 24th. Finally, Keefe, Bruyette & Woods increased their price objective on shares of SEI Investments from $80.00 to $84.00 and gave the stock a "market perform" rating in a report on Friday, April 25th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, SEI Investments has an average rating of "Moderate Buy" and an average target price of $87.60.

Insider Buying and Selling

In other SEI Investments news, insider Mark Andrew Warner sold 5,000 shares of the firm'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 directly owns 1,300 shares in the company, valued at approximately $104,507. This trade represents a 79.37% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Ryan Hicke sold 21,000 shares of the firm's stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of $83.36, for a total transaction of $1,750,560.00. Following the sale, the chief executive officer now owns 171,260 shares in the company, valued at $14,276,233.60. This trade represents a 10.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 170,214 shares of company stock valued at $13,925,963 in the last 90 days. 14.60% of the stock is owned by insiders.

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.