iSAM Funds UK Ltd Has $447,000 Stock Position in SEI Investments (NASDAQ:SEIC)

iSAM Funds UK Ltd grew its holdings in shares of SEI Investments (NASDAQ:SEIC) by 33.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,416 shares of the asset manager’s stock after buying an additional 1,357 shares during the quarter. iSAM Funds UK Ltd’s holdings in SEI Investments were worth $447,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. King Luther Capital Management Corp acquired a new position in shares of SEI Investments during the fourth quarter valued at about $2,645,000. Boston Trust Walden Corp grew its holdings in shares of SEI Investments by 1.6% during the fourth quarter. Boston Trust Walden Corp now owns 1,306,329 shares of the asset manager’s stock valued at $107,746,000 after buying an additional 20,020 shares during the last quarter. Longboard Asset Management LP acquired a new position in shares of SEI Investments during the fourth quarter valued at about $267,000. New York Life Investment Management LLC acquired a new position in shares of SEI Investments during the fourth quarter valued at about $863,000. Finally, Lecap Asset Management Ltd. purchased a new position in SEI Investments during the fourth quarter worth about $480,000. 70.59% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

SEIC has been the topic of several analyst reports. Piper Sandler boosted their price target on shares of SEI Investments from $74.00 to $79.00 and gave the stock a “neutral” rating in a report on Thursday, April 24th. Oppenheimer restated an “outperform” rating on shares of SEI Investments in a report on Thursday, April 24th. Raymond James upgraded 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 report on Thursday, January 30th. William Blair restated a “market perform” rating on shares of SEI Investments in a report on Thursday, April 24th. Finally, Keefe, Bruyette & Woods boosted their price target on shares of SEI Investments from $80.00 to $84.00 and gave the stock a “market perform” rating in a report on Friday, April 25th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, SEI Investments has an average rating of “Moderate Buy” and a consensus target price of $87.60.

Insider Activity

In other news, insider Sanjay Sharma sold 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 14th. The shares were sold at an average price of $83.40, for a total value of $1,668,000.00. Following the sale, the insider now owns 23,895 shares of the company’s stock, valued at $1,992,843. The trade was a 45.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Chairman Alfred P. West, Jr. sold 72,842 shares of the business’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 completion of the sale, 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 position. The disclosure for this sale can be found here. Insiders have sold a total of 170,214 shares of company stock valued at $13,925,963 over the last quarter. Company insiders own 14.60% of the company’s stock.

SEI Investments Stock Performance

Shares of SEIC stock opened at $85.59 on Wednesday. The firm has a market cap of $10.65 billion, a price-to-earnings ratio of 19.36, a P/E/G ratio of 1.41 and a beta of 0.90. SEI Investments has a 52 week low of $62.38 and a 52 week high of $87.25. The firm’s 50-day simple moving average is $76.55 and its two-hundred day simple moving average is $79.97.

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

SEI Investments declared that its Board of Directors has approved a stock repurchase plan on Tuesday, March 18th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the asset manager to reacquire up to 5.3% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s management 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.