Graham Capital Management L.P. Takes Position in SEI Investments (NASDAQ:SEIC)

Graham Capital Management L.P. purchased a new position in shares of SEI Investments (NASDAQ:SEIC - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 41,956 shares of the asset manager's stock, valued at approximately $3,461,000.

Several other large investors have also added to or reduced their stakes in SEIC. Norges Bank acquired a new position in SEI Investments in the 4th quarter worth approximately $48,009,000. Raymond James Financial Inc. acquired a new stake in SEI Investments during the 4th quarter valued at approximately $42,548,000. FMR LLC boosted its holdings in shares of SEI Investments by 39.3% in the 4th quarter. FMR LLC now owns 1,233,225 shares of the asset manager's stock valued at $101,716,000 after acquiring an additional 348,112 shares during the last quarter. Los Angeles Capital Management LLC acquired a new stake in shares of SEI Investments in the fourth quarter worth $26,702,000. Finally, Aware Super Pty Ltd as trustee of Aware Super acquired a new stake in shares of SEI Investments in the fourth quarter worth $23,710,000. Hedge funds and other institutional investors own 70.59% of the company's stock.

SEI Investments Stock Up 1.7%

SEIC traded up $1.40 during trading on Thursday, hitting $84.77. 1,029,017 shares of the stock were exchanged, compared to its average volume of 662,297. The firm has a market capitalization of $10.55 billion, a P/E ratio of 19.18, a PEG 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 has a fifty day moving average price of $75.61 and a two-hundred day moving average price of $79.67.

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 (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 period in the previous year, the business posted $0.99 earnings per share. The business's revenue was up 7.8% compared to the same quarter last year. Analysts predict that SEI Investments will post 4.86 EPS for the current year.

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

Wall Street Analyst Weigh In

Several brokerages have weighed in on SEIC. William Blair reaffirmed a "market perform" rating on shares of SEI Investments in a research report on Thursday, April 24th. Raymond James raised SEI Investments from a "market perform" rating to an "outperform" rating and set a $99.00 target price on the stock in a report on Thursday, January 30th. Keefe, Bruyette & Woods boosted their price target on SEI Investments from $80.00 to $84.00 and gave the company a "market perform" rating in a report on Friday, April 25th. Oppenheimer restated an "outperform" rating on shares of SEI Investments in a research report on Thursday, April 24th. Finally, Piper Sandler lifted their target price on shares of SEI Investments from $74.00 to $79.00 and gave the company a "neutral" rating in a report on Thursday, April 24th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $87.60.

Insider Buying and Selling at SEI Investments

In related news, 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 transaction of $401,950.00. Following the completion of the transaction, the insider now directly owns 1,300 shares in the company, valued at $104,507. The trade was a 79.37% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Chairman Alfred P. West, Jr. sold 1,372 shares of the stock in a transaction on Wednesday, March 5th. The shares were 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 in the company, valued at approximately $539,963,846.24. This trade represents a 0.02% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 79,214 shares of company stock valued at $6,293,903. Corporate insiders own 14.60% of the company's stock.

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.