Boston Trust Walden Corp Acquires 24,621 Shares of SEI Investments (NASDAQ:SEIC)

Boston Trust Walden Corp grew its holdings in SEI Investments (NASDAQ:SEIC - Free Report) by 1.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,314,965 shares of the asset manager's stock after purchasing an additional 24,621 shares during the quarter. Boston Trust Walden Corp owned approximately 1.00% of SEI Investments worth $83,566,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of SEIC. Morgan Stanley raised its stake in shares of SEI Investments by 670.4% during the 4th quarter. Morgan Stanley now owns 6,519,582 shares of the asset manager's stock worth $380,092,000 after acquiring an additional 5,673,374 shares in the last quarter. Norges Bank bought a new position in shares of SEI Investments during the 4th quarter worth approximately $31,250,000. Invesco Ltd. increased its stake in SEI Investments by 73.1% during the 3rd quarter. Invesco Ltd. now owns 1,125,659 shares of the asset manager's stock valued at $67,798,000 after purchasing an additional 475,226 shares in the last quarter. State Street Corp increased its stake in SEI Investments by 8.0% during the 1st quarter. State Street Corp now owns 6,143,049 shares of the asset manager's stock valued at $369,873,000 after purchasing an additional 452,434 shares in the last quarter. Finally, Acadian Asset Management LLC increased its stake in SEI Investments by 299.3% during the 3rd quarter. Acadian Asset Management LLC now owns 477,981 shares of the asset manager's stock valued at $28,778,000 after purchasing an additional 358,282 shares in the last quarter. Institutional investors own 70.59% of the company's stock.

SEI Investments Trading Down 1.4 %

SEIC stock traded down $0.99 during trading on Thursday, reaching $70.00. 438,509 shares of the stock were exchanged, compared to its average volume of 583,622. The business has a 50 day moving average price of $67.92 and a 200-day moving average price of $62.53. SEI Investments has a 1 year low of $52.19 and a 1 year high of $72.54. The firm has a market capitalization of $9.19 billion, a price-to-earnings ratio of 20.23, a P/E/G ratio of 1.46 and a beta of 1.02.

SEI Investments (NASDAQ:SEIC - Get Free Report) last issued its earnings results on Wednesday, January 31st. The asset manager reported $0.91 EPS for the quarter, hitting analysts' consensus estimates of $0.91. SEI Investments had a net margin of 24.08% and a return on equity of 22.40%. The company had revenue of $484.86 million for the quarter, compared to the consensus estimate of $481.39 million. During the same period in the previous year, the firm earned $0.83 earnings per share. On average, research analysts anticipate that SEI Investments will post 4.02 EPS for the current year.

SEI Investments declared that its board has approved a stock repurchase program on Friday, December 15th that permits the company to buyback $250.00 million in shares. This buyback authorization permits the asset manager to reacquire up to 3% of its stock through open market purchases. Stock buyback programs are often a sign that the company's leadership believes its stock is undervalued.

Insider Activity

In other news, EVP Wayne Withrow sold 16,970 shares of the business's stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $66.16, for a total value of $1,122,735.20. Following the sale, the executive vice president now directly owns 55,399 shares of the company's stock, valued at approximately $3,665,197.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider Sanjay Sharma sold 15,000 shares of SEI Investments stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $67.20, for a total value of $1,008,000.00. Following the completion of the transaction, the insider now owns 16,895 shares in the company, valued at $1,135,344. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Wayne Withrow sold 16,970 shares of SEI Investments stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $66.16, for a total transaction of $1,122,735.20. Following the completion of the transaction, the executive vice president now owns 55,399 shares of the company's stock, valued at approximately $3,665,197.84. The disclosure for this sale can be found here. In the last three months, insiders have sold 206,333 shares of company stock valued at $14,481,612. Company insiders own 15.50% of the company's stock.

Analysts Set New Price Targets

SEIC has been the topic of a number of recent analyst reports. StockNews.com upgraded shares of SEI Investments from a "hold" rating to a "buy" rating in a research note on Saturday, March 2nd. Piper Sandler increased their price target on shares of SEI Investments from $58.00 to $66.00 and gave the stock a "neutral" rating in a report on Wednesday, December 20th. Finally, Oppenheimer increased their price target on shares of SEI Investments from $73.00 to $77.00 and gave the stock an "outperform" rating in a report on Friday, March 15th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, SEI Investments currently has a consensus rating of "Hold" and a consensus target price of $68.00.

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.

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