SEI Investments (NASDAQ:SEIC) Stock Holdings Boosted by Quantinno Capital Management LP

Quantinno Capital Management LP boosted its position in SEI Investments (NASDAQ:SEIC - Free Report) by 58.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,956 shares of the asset manager's stock after buying an additional 10,365 shares during the period. Quantinno Capital Management LP's holdings in SEI Investments were worth $2,306,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. King Luther Capital Management Corp purchased a new stake in shares of SEI Investments in the fourth quarter valued at about $2,645,000. Boston Trust Walden Corp grew its holdings in SEI Investments by 1.6% during 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 period. Longboard Asset Management LP purchased a new position in SEI Investments in the fourth quarter worth $267,000. New York Life Investment Management LLC acquired a new stake in SEI Investments in the fourth quarter valued at $863,000. Finally, Lecap Asset Management Ltd. acquired a new stake in SEI Investments in the fourth quarter valued at $480,000. 70.59% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Morgan Stanley reiterated an "overweight" rating and issued a $82.00 price target (up previously from $77.00) on shares of SEI Investments in a report on Thursday, April 24th. Keefe, Bruyette & Woods increased their target price 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. Oppenheimer reissued an "outperform" rating on shares of SEI Investments in a research note on Thursday, April 24th. Piper Sandler upped their price target on SEI Investments from $74.00 to $79.00 and gave the stock a "neutral" rating in a report on Thursday, April 24th. Finally, William Blair reaffirmed a "market perform" rating on shares of SEI Investments in a report on Thursday, April 24th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $87.60.

SEI Investments Trading Down 0.7%

Shares of SEI Investments stock traded down $0.55 during mid-day trading on Monday, hitting $83.92. 810,970 shares of the stock were exchanged, compared to its average volume of 675,781. The company has a 50-day simple moving average of $77.12 and a 200 day simple moving average of $80.10. The stock has a market capitalization of $10.45 billion, a price-to-earnings ratio of 18.99, a price-to-earnings-growth ratio of 1.41 and a beta of 0.90. SEI Investments has a twelve month low of $62.38 and a twelve month high of $87.25.

SEI Investments (NASDAQ:SEIC - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The asset manager reported $1.17 earnings per share for the quarter, beating the consensus estimate 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 in the previous year, the firm posted $0.99 EPS. SEI Investments's revenue was up 7.8% on a year-over-year basis. Equities research analysts forecast that SEI Investments will post 4.86 earnings per share for the current fiscal year.

SEI Investments announced that its board has initiated a stock buyback plan on Tuesday, March 18th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the asset manager to purchase up to 5.3% of its shares through open market purchases. Shares buyback plans are often an indication that the company's management believes its stock is undervalued.

Insider Buying and Selling

In other SEI Investments news, EVP Michael Peterson sold 50,000 shares of SEI Investments stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $84.27, for a total value of $4,213,500.00. Following the transaction, the executive vice president now owns 13,500 shares in the company, valued at $1,137,645. This trade represents a 78.74% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Ryan Hicke sold 21,000 shares of the company's stock in a transaction dated Wednesday, May 14th. The stock was sold at an average price of $83.36, for a total value of $1,750,560.00. Following the sale, the chief executive officer now owns 171,260 shares of the company's stock, valued at $14,276,233.60. This represents a 10.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 170,214 shares of company stock worth $13,925,963. 14.60% of the stock is owned by company insiders.

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.