Trexquant Investment LP Boosts Stock Position in SEI Investments (NASDAQ:SEIC)

Trexquant Investment LP increased its stake in shares of SEI Investments (NASDAQ:SEIC - Free Report) by 314.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 94,524 shares of the asset manager's stock after buying an additional 71,701 shares during the period. Trexquant Investment LP owned 0.07% of SEI Investments worth $6,007,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. VisionPoint Advisory Group LLC grew its position in shares of SEI Investments by 67.1% in the third quarter. VisionPoint Advisory Group LLC now owns 513 shares of the asset manager's stock valued at $31,000 after purchasing an additional 206 shares during the last quarter. Evolution Advisers Inc. bought a new position in SEI Investments during the 4th quarter worth $55,000. Principal Securities Inc. acquired a new stake in shares of SEI Investments during the fourth quarter worth $66,000. GAMMA Investing LLC bought a new stake in shares of SEI Investments in the fourth quarter valued at about $78,000. Finally, Sachetta LLC acquired a new position in shares of SEI Investments in the fourth quarter valued at about $89,000. Institutional investors and hedge funds own 70.59% of the company's stock.

Insider Buying and Selling

In other SEI Investments news, Chairman Alfred P. West, Jr. sold 48,000 shares of the company's stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $68.09, for a total value of $3,268,320.00. Following the completion of the transaction, the chairman now directly owns 7,677,471 shares in the company, valued at approximately $522,759,000.39. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, insider Mark Andrew Warner sold 3,000 shares of the company's stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $67.31, for a total value of $201,930.00. Following the sale, the insider now directly owns 1,300 shares of the company's stock, valued at approximately $87,503. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Chairman Alfred P. West, Jr. sold 48,000 shares of SEI Investments stock in a transaction on Monday, May 13th. The stock was sold at an average price of $68.09, for a total transaction of $3,268,320.00. Following the transaction, the chairman now directly owns 7,677,471 shares of the company's stock, valued at approximately $522,759,000.39. The disclosure for this sale can be found here. Insiders have sold a total of 292,363 shares of company stock worth $20,422,597 in the last ninety days. Company insiders own 14.30% of the company's stock.

SEI Investments Trading Down 0.6 %

SEI Investments stock traded down $0.39 during mid-day trading on Wednesday, reaching $68.06. The company had a trading volume of 379,122 shares, compared to its average volume of 553,305. The business has a fifty day simple moving average of $68.59 and a 200 day simple moving average of $65.01. The company has a market cap of $8.94 billion, a P/E ratio of 18.55, a P/E/G ratio of 1.37 and a beta of 1.03. SEI Investments has a fifty-two week low of $52.19 and a fifty-two week high of $72.54.

SEI Investments (NASDAQ:SEIC - Get Free Report) last released its quarterly earnings data on Wednesday, April 24th. The asset manager reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.01. The company had revenue of $511.58 million for the quarter, compared to the consensus estimate of $510.41 million. SEI Investments had a return on equity of 22.91% and a net margin of 24.80%. SEI Investments's revenue for the quarter was up 9.1% on a year-over-year basis. During the same quarter last year, the business posted $0.79 EPS. Research analysts forecast that SEI Investments will post 4.13 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Piper Sandler decreased their target price on shares of SEI Investments from $72.00 to $69.00 and set a "neutral" rating on the stock in a research report on Thursday, April 25th. Oppenheimer raised their target price on shares of SEI Investments from $77.00 to $80.00 and gave the company an "outperform" rating in a report on Tuesday, April 9th. Keefe, Bruyette & Woods reiterated a "market perform" rating and set a $74.00 price target (up previously from $72.00) on shares of SEI Investments in a research report on Thursday, April 25th. Finally, StockNews.com upgraded SEI Investments from a "hold" rating to a "buy" rating in a research note on Saturday, March 2nd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $71.00.

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.