Susquehanna Fundamental Investments LLC Makes New $6.98 Million Investment in SEI Investments (NASDAQ:SEIC)

Susquehanna Fundamental Investments LLC bought a new stake in shares of SEI Investments (NASDAQ:SEIC - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 84,604 shares of the asset manager's stock, valued at approximately $6,978,000. Susquehanna Fundamental Investments LLC owned 0.07% of SEI Investments at the end of the most recent quarter.

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

Analyst Ratings Changes

SEIC has been the subject of a number of analyst reports. Raymond James raised SEI Investments from a "market perform" rating to an "outperform" rating and set a $99.00 price target for the company in a report on Thursday, January 30th. StockNews.com lowered SEI Investments from a "buy" rating to a "hold" rating in a research report on Friday. Morgan Stanley reissued an "overweight" rating and issued a $82.00 price target (up previously from $77.00) on shares of SEI Investments in a report on Thursday, April 24th. William Blair reiterated a "market perform" rating on shares of SEI Investments in a research report on Thursday, April 24th. Finally, Keefe, Bruyette & Woods upped their price target on shares of SEI Investments from $80.00 to $84.00 and gave the stock a "market perform" rating in a research report on Friday, April 25th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $87.60.

Insider Activity at SEI Investments

In related news, Chairman Alfred P. West, Jr. sold 72,842 shares of the business's stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $79.45, for a total value of $5,787,296.90. Following the transaction, the chairman now owns 7,160,080 shares in the company, valued at $568,868,356. The trade was a 1.01 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Mark Andrew Warner sold 5,000 shares of the business's 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 completion of the transaction, the insider now directly owns 1,300 shares in the company, valued at approximately $104,507. The trade was a 79.37 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 79,214 shares of company stock valued at $6,293,903 in the last three months. 14.30% of the stock is currently owned by company insiders.

SEI Investments Stock Up 2.2 %

Shares of SEIC traded up $1.75 during trading on Friday, reaching $79.99. 895,440 shares of the company traded hands, compared to its average volume of 654,838. SEI Investments has a twelve month low of $62.38 and a twelve month high of $87.25. The stock has a market cap of $9.96 billion, a PE ratio of 18.10, a price-to-earnings-growth ratio of 1.41 and a beta of 0.90. The stock has a 50-day simple moving average of $74.98 and a 200-day simple moving average of $79.13.

SEI Investments (NASDAQ:SEIC - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The asset manager reported $1.17 earnings per share for the quarter, beating analysts' consensus estimates of $1.12 by $0.05. The company had revenue of $551.34 million for the quarter, compared to analysts' expectations of $556.76 million. SEI Investments had a return on equity of 25.51% and a net margin of 27.35%. During the same period last year, the firm earned $0.99 earnings per share. SEI Investments's quarterly revenue was up 7.8% on a year-over-year basis. On average, equities research analysts predict that SEI Investments will post 4.86 EPS for the current year.

SEI Investments announced that its board has approved a share repurchase 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 typically an indication that the company's board believes its shares are undervalued.

About SEI Investments

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.