Natixis Sells 3,541 Shares of SEI Investments (NASDAQ:SEIC)

Natixis decreased its holdings in shares of SEI Investments (NASDAQ:SEIC - Free Report) by 18.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 15,748 shares of the asset manager's stock after selling 3,541 shares during the period. Natixis' holdings in SEI Investments were worth $1,299,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in SEIC. CoreFirst Bank & Trust purchased a new position in shares of SEI Investments during the fourth quarter worth about $31,000. Allworth Financial LP grew its stake in SEI Investments by 53.7% in the 4th quarter. Allworth Financial LP now owns 452 shares of the asset manager's stock worth $38,000 after buying an additional 158 shares in the last quarter. First Horizon Advisors Inc. increased its holdings in shares of SEI Investments by 25.4% in the 4th quarter. First Horizon Advisors Inc. now owns 578 shares of the asset manager's stock worth $48,000 after buying an additional 117 shares during the last quarter. Rialto Wealth Management LLC purchased a new stake in shares of SEI Investments during the 4th quarter valued at $55,000. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of SEI Investments by 25.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 860 shares of the asset manager's stock worth $71,000 after acquiring an additional 172 shares during the last quarter. 70.59% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms recently commented on SEIC. William Blair reissued a "market perform" rating on shares of SEI Investments in a research note on Thursday. Raymond James raised SEI Investments from a "market perform" rating to an "outperform" rating and set a $99.00 target price for the company in a research note on Thursday, January 30th. StockNews.com upgraded SEI Investments from a "hold" rating to a "buy" rating in a research report on Thursday. Keefe, Bruyette & Woods boosted their price objective on shares of SEI Investments from $80.00 to $84.00 and gave the company a "market perform" rating in a research report on Friday. Finally, Oppenheimer restated an "outperform" rating on shares of SEI Investments in a report on Thursday. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, SEI Investments currently has a consensus rating of "Moderate Buy" and a consensus target price of $87.60.

Insider Buying and Selling

In related news, insider Mark Andrew Warner sold 5,000 shares of the firm's stock in a transaction 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 completion of the transaction, the insider now directly owns 1,300 shares of the company's stock, valued at approximately $104,507. This trade represents a 79.37 % decrease in their ownership of the stock. 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 company's stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $76.28, for a total transaction of $104,656.16. Following the sale, the chairman now directly owns 7,078,708 shares in the company, valued at approximately $539,963,846.24. The trade was a 0.02 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 79,214 shares of company stock valued at $6,293,903. 14.30% of the stock is owned by corporate insiders.

SEI Investments Trading Down 0.9 %

SEIC stock traded down $0.75 on Monday, hitting $77.85. The company had a trading volume of 105,559 shares, compared to its average volume of 724,265. SEI Investments has a 12-month low of $62.38 and a 12-month high of $87.25. The stock has a market cap of $9.79 billion, a price-to-earnings ratio of 17.62, a P/E/G ratio of 1.41 and a beta of 0.90. The stock's 50-day simple moving average is $75.24 and its 200 day simple moving average is $79.04.

SEI Investments (NASDAQ:SEIC - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The asset manager reported $1.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.05. SEI Investments had a net margin of 27.35% and a return on equity of 25.51%. The company had revenue of $551.34 million during the quarter, compared to analyst estimates of $556.76 million. Research analysts forecast that SEI Investments will post 4.86 earnings per share for the current year.

SEI Investments declared that its Board of Directors has approved a share buyback plan on Tuesday, March 18th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the asset manager to buy up to 5.3% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's management believes its shares are 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.