Siemens Fonds Invest GmbH Purchases New Holdings in SEI Investments (NASDAQ:SEIC)

Siemens Fonds Invest GmbH acquired a new position in shares of SEI Investments (NASDAQ:SEIC - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 5,275 shares of the asset manager's stock, valued at approximately $435,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SEIC. CoreFirst Bank & Trust acquired a new position in shares of SEI Investments in the 4th quarter valued at about $31,000. Allworth Financial LP boosted 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 valued at $38,000 after buying an additional 158 shares during the period. First Horizon Advisors Inc. grew its position 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 acquiring an additional 117 shares during the last quarter. Rialto Wealth Management LLC bought a new position in SEI Investments in the 4th quarter worth approximately $55,000. Finally, EverSource Wealth Advisors LLC lifted its stake 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 acquiring an additional 172 shares during the period. Hedge funds and other institutional investors own 70.59% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on SEIC. Raymond James raised shares of SEI Investments from a "market perform" rating to an "outperform" rating and set a $99.00 target price on the stock in a research report on Thursday, January 30th. William Blair reaffirmed a "market perform" rating on shares of SEI Investments in a report on Thursday, April 24th. Morgan Stanley restated an "overweight" rating and issued a $82.00 price objective (up previously from $77.00) on shares of SEI Investments in a research note on Thursday, April 24th. Piper Sandler raised their price target on SEI Investments from $74.00 to $79.00 and gave the company a "neutral" rating in a report on Thursday, April 24th. Finally, Keefe, Bruyette & Woods boosted their price target on shares of SEI Investments from $80.00 to $84.00 and gave the stock a "market perform" rating in a research note on Friday, April 25th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $87.60.

Insider Transactions at SEI Investments

In other news, insider Mark Andrew Warner sold 5,000 shares of the firm's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $80.39, for a total value 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 document filed with the Securities & Exchange Commission, which can be accessed through 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 transaction, the chairman now directly 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. Insiders have sold 170,214 shares of company stock valued at $13,925,963 in the last ninety days. Corporate insiders own 14.60% of the company's stock.

SEI Investments Stock Down 0.6%

SEI Investments stock traded down $0.52 during trading on Friday, hitting $83.95. The stock had a trading volume of 251,585 shares, compared to its average volume of 671,592. The stock has a market cap of $10.45 billion, a price-to-earnings ratio of 18.98, a price-to-earnings-growth ratio of 1.41 and a beta of 0.90. SEI Investments has a 1 year low of $62.38 and a 1 year high of $87.25. The stock's 50 day moving average is $76.94 and its two-hundred day moving average is $80.05.

SEI Investments (NASDAQ:SEIC - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The asset manager reported $1.17 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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. The company's revenue was up 7.8% on a year-over-year basis. 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 has initiated a share repurchase plan on Tuesday, March 18th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the asset manager to repurchase up to 5.3% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's board believes its shares are undervalued.

About SEI Investments

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.