Vinva Investment Management Ltd Boosts Position in SEI Investments (NASDAQ:SEIC)

Vinva Investment Management Ltd boosted its position in shares of SEI Investments (NASDAQ:SEIC) by 120.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 108,350 shares of the asset manager’s stock after purchasing an additional 59,214 shares during the quarter. Vinva Investment Management Ltd owned approximately 0.08% of SEI Investments worth $8,954,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Allworth Financial LP lifted its position in shares of SEI Investments by 53.7% in the fourth quarter. Allworth Financial LP now owns 452 shares of the asset manager’s stock valued at $38,000 after acquiring an additional 158 shares in the last quarter. First Horizon Advisors Inc. lifted its position in shares of SEI Investments by 101.3% in the third quarter. First Horizon Advisors Inc. now owns 461 shares of the asset manager’s stock valued at $32,000 after acquiring an additional 232 shares in the last quarter. Point72 DIFC Ltd purchased a new stake in shares of SEI Investments in the third quarter valued at $45,000. Rialto Wealth Management LLC purchased a new stake in shares of SEI Investments in the fourth quarter valued at $55,000. Finally, EverSource Wealth Advisors LLC lifted its position in shares of SEI Investments by 25.0% in 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 currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other SEI Investments news, Chairman Alfred P. West, Jr. sold 72,842 shares of the company’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $79.45, for a total transaction of $5,787,296.90. Following the completion of the sale, the chairman now directly owns 7,160,080 shares in the company, valued at $568,868,356. This represents a 1.01 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Mark Andrew Warner sold 5,000 shares of the company’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $80.39, for a total value of $401,950.00. Following the sale, the insider now owns 1,300 shares of the company’s stock, valued at $104,507. This represents a 79.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 79,214 shares of company stock worth $6,293,903 over the last three months. 14.30% of the stock is owned by insiders.

SEI Investments Trading Down 0.0 %

SEI Investments stock opened at $74.95 on Wednesday. The firm has a market capitalization of $9.51 billion, a P/E ratio of 16.96, a PEG ratio of 1.41 and a beta of 0.94. The stock has a fifty day moving average price of $80.99 and a 200 day moving average price of $77.93. SEI Investments has a 52 week low of $62.38 and a 52 week high of $87.25.

SEI Investments (NASDAQ:SEIC) last announced its quarterly earnings results on Wednesday, January 29th. The asset manager reported $1.19 EPS for the quarter, missing the consensus estimate of $1.21 by ($0.02). SEI Investments had a return on equity of 25.51% and a net margin of 27.35%. As a group, equities analysts predict that SEI Investments will post 4.86 EPS for the current year.

SEI Investments announced that its Board of Directors has authorized a stock buyback program on Tuesday, March 18th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the asset manager to buy up to 5.3% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s board of directors believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on SEIC shares. Morgan Stanley upped their price objective on SEI Investments from $75.00 to $80.00 and gave the company an “underweight” rating in a research report on Friday, January 3rd. Piper Sandler upped their price objective on SEI Investments from $77.00 to $87.00 and gave the company a “neutral” rating in a research report on Monday, December 23rd. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $90.00 target price (up from $86.00) on shares of SEI Investments in a research note on Thursday, January 30th. Oppenheimer upped their target price on SEI Investments from $85.00 to $94.00 and gave the company an “outperform” rating in a research note on Tuesday, January 7th. Finally, Raymond James upgraded 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. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, SEI Investments has a consensus rating of “Hold” and a consensus target price of $90.00.

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.