Interval Partners LP Lowers Stock Holdings in SEI Investments (NASDAQ:SEIC)

Interval Partners LP lowered its stake in SEI Investments (NASDAQ:SEIC - Free Report) by 17.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 199,473 shares of the asset manager's stock after selling 41,769 shares during the period. Interval Partners LP owned 0.15% of SEI Investments worth $16,453,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of SEIC. Franklin Resources Inc. lifted its stake in shares of SEI Investments by 17.8% in the 3rd quarter. Franklin Resources Inc. now owns 320,482 shares of the asset manager's stock valued at $22,799,000 after purchasing an additional 48,429 shares during the period. Nordea Investment Management AB grew its holdings in SEI Investments by 13.7% in the fourth quarter. Nordea Investment Management AB now owns 9,389 shares of the asset manager's stock worth $780,000 after purchasing an additional 1,131 shares during the period. Baker Tilly Wealth Management LLC boosted its position in shares of SEI Investments by 6.6% during the 4th quarter. Baker Tilly Wealth Management LLC now owns 5,903 shares of the asset manager's stock worth $487,000 after purchasing an additional 366 shares in the last quarter. Cooper Financial Group acquired a new stake in shares of SEI Investments in the 4th quarter valued at about $320,000. Finally, CHURCHILL MANAGEMENT Corp acquired a new position in SEI Investments during the 4th quarter worth approximately $1,818,000. Institutional investors own 70.59% of the company's stock.

Insider Transactions 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 shares were sold at an average price of $80.39, for a total value of $401,950.00. Following the sale, the insider now owns 1,300 shares of the company's stock, valued at approximately $104,507. The trade was a 79.37% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through 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 transaction, the chairman now directly owns 7,078,708 shares of the company's stock, valued at approximately $539,963,846.24. This trade represents a 0.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 79,214 shares of company stock worth $6,293,903 in the last ninety days. Company insiders own 14.60% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on SEIC. Oppenheimer reissued an "outperform" rating on shares of SEI Investments in a research note on Thursday, April 24th. William Blair restated a "market perform" rating on shares of SEI Investments in a research note on Thursday, April 24th. Piper Sandler raised their price objective on shares of SEI Investments from $74.00 to $79.00 and gave the company a "neutral" rating in a research note on Thursday, April 24th. StockNews.com raised shares of SEI Investments from a "hold" rating to a "buy" rating in a research report on Saturday. Finally, Raymond James upgraded SEI Investments from a "market perform" rating to an "outperform" rating and set a $99.00 price target for the company in a research note on Thursday, January 30th. Three research 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 an average rating of "Moderate Buy" and a consensus price target of $87.60.

SEI Investments Trading Down 0.7%

Shares of SEIC traded down $0.61 during trading hours on Wednesday, reaching $83.37. 1,073,046 shares of the stock traded hands, compared to its average volume of 660,830. SEI Investments has a 52 week low of $62.38 and a 52 week high of $87.25. The stock has a fifty day simple moving average of $75.61 and a 200 day simple moving average of $79.67. The company has a market cap of $10.38 billion, a price-to-earnings ratio of 18.86, a PEG ratio of 1.41 and a beta of 0.90.

SEI Investments (NASDAQ:SEIC - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The asset manager reported $1.17 EPS for the quarter, beating analysts' consensus estimates of $1.12 by $0.05. The company had revenue of $551.34 million during the quarter, compared to the consensus estimate of $556.76 million. SEI Investments had a return on equity of 25.51% and a net margin of 27.35%. SEI Investments's revenue was up 7.8% on a year-over-year basis. During the same period last year, the business posted $0.99 earnings per share. Analysts predict 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 repurchase program on Tuesday, March 18th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the asset manager to reacquire up to 5.3% of its shares through open market purchases. Shares repurchase programs are often an indication that the company's board believes its stock is undervalued.

SEI Investments Company 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.