SEI Investments (NASDAQ:SEIC) Shares Sold by O Shaughnessy Asset Management LLC

O Shaughnessy Asset Management LLC decreased its position in shares of SEI Investments (NASDAQ:SEIC) by 8.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 26,636 shares of the asset manager’s stock after selling 2,614 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in SEI Investments were worth $2,197,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of SEIC. FMR LLC boosted its holdings in shares of SEI Investments by 249.7% in the 3rd quarter. FMR LLC now owns 885,113 shares of the asset manager’s stock valued at $61,241,000 after acquiring an additional 632,024 shares during the last quarter. Chevy Chase Trust Holdings LLC lifted its position in SEI Investments by 211.6% during the third quarter. Chevy Chase Trust Holdings LLC now owns 79,690 shares of the asset manager’s stock valued at $5,514,000 after purchasing an additional 54,118 shares during the period. HighTower Advisors LLC boosted its holdings in SEI Investments by 4.0% in the third quarter. HighTower Advisors LLC now owns 10,939 shares of the asset manager’s stock valued at $761,000 after purchasing an additional 425 shares during the last quarter. Investment Management Corp of Ontario purchased a new position in shares of SEI Investments during the 3rd quarter valued at about $257,000. Finally, Point72 Asset Management L.P. acquired a new position in shares of SEI Investments in the 3rd quarter valued at about $540,000. Hedge funds and other institutional investors own 70.59% of the company’s stock.

SEI Investments Stock Down 6.1 %

Shares of NASDAQ SEIC opened at $69.02 on Friday. SEI Investments has a 52-week low of $62.38 and a 52-week high of $87.25. The company’s 50-day simple moving average is $79.41 and its 200-day simple moving average is $78.64. The firm has a market cap of $8.76 billion, a price-to-earnings ratio of 15.62, a price-to-earnings-growth ratio of 1.41 and a beta of 0.94.

SEI Investments (NASDAQ:SEIC) last posted its quarterly earnings data 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%. Equities research analysts anticipate that SEI Investments will post 4.86 EPS for the current fiscal year.

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

Wall Street Analysts Forecast Growth

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

Insider Activity at SEI Investments

In related news, Chairman Alfred P. West, Jr. sold 1,372 shares of the company’s stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $76.28, for a total transaction of $104,656.16. Following the completion of the sale, the chairman now owns 7,078,708 shares of the company’s stock, valued at approximately $539,963,846.24. This represents a 0.02 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Mark Andrew Warner sold 5,000 shares of the firm’s stock in a transaction that occurred 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 directly owns 1,300 shares in the company, valued at $104,507. This trade represents a 79.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 79,214 shares of company stock valued at $6,293,903. 14.30% of the stock is owned by insiders.

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.