14,009 Shares in SEI Investments (NASDAQ:SEIC) Acquired by Orion Portfolio Solutions LLC

Orion Portfolio Solutions LLC purchased a new position in SEI Investments (NASDAQ:SEIC) during the 4th quarter, HoldingsChannel reports. The institutional investor purchased 14,009 shares of the asset manager’s stock, valued at approximately $1,155,000.

Other hedge funds have also recently added to or reduced their stakes in the company. CoreFirst Bank & Trust acquired a new stake in SEI Investments in the 4th quarter valued at $31,000. Allworth Financial LP lifted its stake 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 buying an additional 158 shares in the last quarter. Point72 DIFC Ltd acquired a new position in shares of SEI Investments during the third quarter valued at about $45,000. First Horizon Advisors Inc. increased its position in shares of SEI Investments by 25.4% during the fourth quarter. First Horizon Advisors Inc. now owns 578 shares of the asset manager’s stock worth $48,000 after acquiring an additional 117 shares in the last quarter. Finally, Rialto Wealth Management LLC acquired a new stake in shares of SEI Investments in the 4th quarter worth about $55,000. Institutional investors and hedge funds own 70.59% of the company’s stock.

Insider Transactions at SEI Investments

In other news, insider Mark Andrew Warner sold 5,000 shares of the stock in a transaction 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 completion of the transaction, the insider now owns 1,300 shares in the company, valued at approximately $104,507. This represents a 79.37 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Alfred P. West, Jr. sold 72,842 shares of the business’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $79.45, for a total value of $5,787,296.90. Following the completion of the sale, the chairman now 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 disclosure for this sale can be found here. Insiders sold a total of 79,214 shares of company stock worth $6,293,903 in the last quarter. Insiders own 14.30% of the company’s stock.

SEI Investments Price Performance

Shares of NASDAQ:SEIC opened at $69.02 on Friday. SEI Investments has a 1 year low of $62.38 and a 1 year high of $87.25. The company has a market capitalization of $8.76 billion, a PE ratio of 15.62, a price-to-earnings-growth ratio of 1.41 and a beta of 0.94. The business has a fifty day moving average price of $79.41 and a two-hundred day moving average price of $78.64.

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

SEI Investments declared that its board has authorized a stock repurchase program 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 stock through open market purchases. Stock repurchase programs are usually a sign that the company’s leadership believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on SEIC. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $90.00 price target (up previously from $86.00) on shares of SEI Investments in a research note on Thursday, January 30th. Piper Sandler lifted their target price on SEI Investments from $77.00 to $87.00 and gave the company a “neutral” rating in a research report on Monday, December 23rd. Morgan Stanley lowered their price target on SEI Investments from $84.00 to $81.00 and set an “underweight” rating for the company in a research report on Wednesday. Oppenheimer lifted their price objective on shares of SEI Investments from $85.00 to $94.00 and gave the stock an “outperform” rating in a report on Tuesday, January 7th. Finally, Raymond James raised shares of SEI Investments from a “market perform” rating to an “outperform” rating and set a $99.00 price target on the stock in a research report on Thursday, January 30th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $90.20.

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.