Nebula Research & Development LLC Boosts Holdings in SEI Investments (NASDAQ:SEIC)

Nebula Research & Development LLC increased its stake in shares of SEI Investments (NASDAQ:SEIC - Free Report) by 16.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 39,150 shares of the asset manager's stock after acquiring an additional 5,558 shares during the period. Nebula Research & Development LLC's holdings in SEI Investments were worth $3,229,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. MML Investors Services LLC increased its position in shares of SEI Investments by 12.2% in the third quarter. MML Investors Services LLC now owns 3,472 shares of the asset manager's stock valued at $240,000 after buying an additional 377 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of SEI Investments during the third quarter worth approximately $374,000. Franklin Resources Inc. increased its position in shares of SEI Investments by 17.8% during the third quarter. Franklin Resources Inc. now owns 320,482 shares of the asset manager's stock worth $22,799,000 after purchasing an additional 48,429 shares in the last quarter. DGS Capital Management LLC increased its position in shares of SEI Investments by 14.4% during the third quarter. DGS Capital Management LLC now owns 11,518 shares of the asset manager's stock worth $797,000 after purchasing an additional 1,448 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of SEI Investments by 13.6% during the third quarter. JPMorgan Chase & Co. now owns 507,916 shares of the asset manager's stock worth $35,143,000 after purchasing an additional 60,824 shares in the last quarter. 70.59% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Chairman Alfred P. West, Jr. sold 72,842 shares of the firm's stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $79.45, for a total transaction of $5,787,296.90. Following the transaction, the chairman now directly owns 7,160,080 shares in the company, valued at approximately $568,868,356. This trade represents a 1.01 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Mark Andrew Warner sold 5,000 shares of the firm's 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 transaction, the insider now owns 1,300 shares in the company, valued at approximately $104,507. This trade represents a 79.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have 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 0.7 %

NASDAQ:SEIC traded down $0.55 during mid-day trading on Wednesday, hitting $77.49. The stock had a trading volume of 193,420 shares, compared to its average volume of 723,419. The stock has a 50-day simple moving average of $75.05 and a two-hundred day simple moving average of $79.08. The company has a market capitalization of $9.74 billion, a PE ratio of 17.53, a PEG ratio of 1.41 and a beta of 0.90. SEI Investments has a twelve month low of $62.38 and a twelve month high of $87.25.

SEI Investments (NASDAQ:SEIC - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The asset manager reported $1.17 earnings per share 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 company had revenue of $551.34 million for the quarter, compared to analysts' expectations of $556.76 million. During the same quarter last year, the company earned $0.99 earnings per share. The firm's revenue for the quarter was up 7.8% on a year-over-year basis. Sell-side analysts predict that SEI Investments will post 4.86 EPS for the current fiscal year.

SEI Investments declared that its board has authorized a share repurchase 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 repurchase up to 5.3% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's board of directors believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on SEIC. StockNews.com raised SEI Investments from a "hold" rating to a "buy" rating in a research note on Thursday, April 24th. Keefe, Bruyette & Woods boosted their price objective on SEI Investments from $80.00 to $84.00 and gave the stock a "market perform" rating in a research note on Friday, April 25th. Oppenheimer reissued an "outperform" rating on shares of SEI Investments in a research note on Thursday, April 24th. Piper Sandler boosted their price objective on SEI Investments from $74.00 to $79.00 and gave the stock a "neutral" rating in a research note on Thursday, April 24th. Finally, William Blair reissued a "market perform" rating on shares of SEI Investments in a research note on Thursday, April 24th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, SEI Investments currently has an average rating of "Moderate Buy" and a consensus price target of $87.60.

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.