373 Shares in SEI Investments (NASDAQ:SEIC) Purchased by CoreFirst Bank & Trust

CoreFirst Bank & Trust purchased a new stake in shares of SEI Investments (NASDAQ:SEIC) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 373 shares of the asset manager’s stock, valued at approximately $31,000.

A number of other large investors have also added to or reduced their stakes in SEIC. Allworth Financial LP grew its position in SEI Investments by 53.7% in the fourth quarter. Allworth Financial LP now owns 452 shares of the asset manager’s stock worth $38,000 after acquiring an additional 158 shares in the last quarter. First Horizon Advisors Inc. lifted its stake in shares of SEI Investments by 25.4% in the 4th quarter. First Horizon Advisors Inc. now owns 578 shares of the asset manager’s stock valued at $48,000 after purchasing an additional 117 shares during the last quarter. Point72 DIFC Ltd purchased a new position in shares of SEI Investments in the 3rd quarter worth approximately $45,000. Rialto Wealth Management LLC bought a new position in shares of SEI Investments during the 4th quarter valued at approximately $55,000. Finally, EverSource Wealth Advisors LLC raised its holdings in SEI Investments by 25.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 860 shares of the asset manager’s stock valued at $71,000 after buying an additional 172 shares during the period. Institutional investors own 70.59% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Insider Activity

In other news, insider Mark Andrew Warner sold 5,000 shares of the stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $80.39, for a total transaction of $401,950.00. Following the transaction, the insider now directly owns 1,300 shares in the company, valued at approximately $104,507. This trade represents a 79.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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 stock was sold at an average price of $79.45, for a total transaction of $5,787,296.90. Following the completion of the transaction, the chairman now directly owns 7,160,080 shares of the company’s stock, valued at $568,868,356. This trade represents a 1.01 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 79,214 shares of company stock worth $6,293,903. Company insiders own 14.30% of the company’s stock.

SEI Investments Price Performance

Shares of SEIC stock opened at $78.32 on Thursday. The company has a market capitalization of $9.94 billion, a P/E ratio of 17.72, a P/E/G ratio of 1.41 and a beta of 0.94. The company’s 50-day simple moving average is $80.55 and its two-hundred day simple moving average is $78.28. SEI Investments has a one year low of $62.38 and a one year high of $87.25.

SEI Investments (NASDAQ:SEIC) last announced its quarterly earnings data on Wednesday, January 29th. The asset manager reported $1.19 earnings per share (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%. On average, research analysts expect that SEI Investments will post 4.86 EPS for the current fiscal year.

SEI Investments declared that its Board of Directors has approved a share buyback program on Tuesday, March 18th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the asset manager to purchase up to 5.3% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.

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.