Ensign Peak Advisors Inc Sells 4,516 Shares of SEI Investments (NASDAQ:SEIC)

Ensign Peak Advisors Inc cut its stake in shares of SEI Investments (NASDAQ:SEIC) by 6.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 69,627 shares of the asset manager’s stock after selling 4,516 shares during the period. Ensign Peak Advisors Inc owned about 0.05% of SEI Investments worth $5,743,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. CoreFirst Bank & Trust bought a new position in SEI Investments during the 4th quarter valued at $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 in the last quarter. First Horizon Advisors Inc. raised its stake in shares of 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 bought a new stake in shares of SEI Investments during the 4th quarter worth $55,000. Finally, EverSource Wealth Advisors LLC raised its stake 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 purchasing an additional 172 shares during the period. 70.59% of the stock is currently owned by institutional investors.

SEI Investments Stock Performance

Shares of SEI Investments stock opened at $83.98 on Wednesday. SEI Investments has a 52-week low of $62.38 and a 52-week high of $87.25. The stock’s 50-day simple moving average is $75.46 and its 200 day simple moving average is $79.65. The stock has a market capitalization of $10.45 billion, a P/E ratio of 19.00, a P/E/G ratio of 1.41 and a beta of 0.90.

SEI Investments (NASDAQ:SEIC) last announced its quarterly earnings data on Wednesday, April 23rd. The asset manager reported $1.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.12 by $0.05. SEI Investments had a return on equity of 25.51% and a net margin of 27.35%. The business had revenue of $551.34 million for the quarter, compared to analysts’ expectations of $556.76 million. During the same period in the previous year, the business posted $0.99 EPS. The firm’s quarterly revenue was up 7.8% compared to the same quarter last year. Equities research analysts forecast that SEI Investments will post 4.86 EPS for the current fiscal year.

SEI Investments declared that its board has authorized a share buyback plan on Tuesday, March 18th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the asset manager to buy up to 5.3% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s leadership believes its shares are undervalued.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. William Blair reiterated a “market perform” rating on shares of SEI Investments in a research note on Thursday, April 24th. StockNews.com upgraded SEI Investments from a “hold” rating to a “buy” rating in a research note on Saturday. Keefe, Bruyette & Woods lifted their target price 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 reiterated an “outperform” rating on shares of SEI Investments in a research note on Thursday, April 24th. Finally, Raymond James upgraded SEI Investments from a “market perform” rating to an “outperform” rating and set a $99.00 target price on the stock in a research note on Thursday, January 30th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, SEI Investments has an average rating of “Moderate Buy” and a consensus price target of $87.60.

Insider Activity at SEI Investments

In other SEI Investments news, Chairman Alfred P. West, Jr. sold 1,372 shares of SEI Investments stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $76.28, for a total transaction of $104,656.16. Following the completion of the transaction, the chairman now owns 7,078,708 shares of the company’s stock, valued at $539,963,846.24. The trade was a 0.02% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Mark Andrew Warner sold 5,000 shares of SEI Investments stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $80.39, for a total value of $401,950.00. Following the transaction, the insider now directly owns 1,300 shares of the company’s stock, valued at $104,507. The trade was a 79.37% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 79,214 shares of company stock worth $6,293,903. Company insiders own 14.60% of the company’s stock.

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.