SEI Investments (NASDAQ:SEIC) Shares Purchased by Nordea Investment Management AB

Nordea Investment Management AB raised its position in shares of SEI Investments (NASDAQ:SEICFree Report) by 9.8% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,445 shares of the asset manager’s stock after buying an additional 841 shares during the quarter. Nordea Investment Management AB’s holdings in SEI Investments were worth $601,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. DHJJ Financial Advisors Ltd. acquired a new stake in SEI Investments during the third quarter valued at approximately $27,000. VisionPoint Advisory Group LLC raised its stake in SEI Investments by 67.1% during the third quarter. VisionPoint Advisory Group LLC now owns 513 shares of the asset manager’s stock valued at $31,000 after buying an additional 206 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in SEI Investments during the third quarter valued at approximately $37,000. Vestor Capital LLC bought a new position in shares of SEI Investments during the second quarter valued at approximately $45,000. Finally, UniSuper Management Pty Ltd bought a new position in shares of SEI Investments during the second quarter valued at approximately $48,000. Institutional investors and hedge funds own 70.59% of the company’s stock.

Insiders Place Their Bets

In other SEI Investments news, insider Mark Andrew Warner sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $67.31, for a total value of $201,930.00. Following the completion of the sale, the insider now directly owns 1,300 shares in the company, valued at $87,503. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other SEI Investments news, insider Sanjay Sharma sold 15,000 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $67.20, for a total value of $1,008,000.00. Following the completion of the sale, the insider now directly owns 16,895 shares in the company, valued at $1,135,344. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Mark Andrew Warner sold 3,000 shares of the stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $67.31, for a total value of $201,930.00. Following the sale, the insider now owns 1,300 shares of the company’s stock, valued at approximately $87,503. The disclosure for this sale can be found here. Insiders sold 34,970 shares of company stock worth $2,332,665 over the last ninety days. Company insiders own 15.50% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on SEIC shares. Oppenheimer upped their target price on SEI Investments from $73.00 to $77.00 and gave the company an “outperform” rating in a report on Friday, March 15th. Morgan Stanley upped their target price on SEI Investments from $60.00 to $61.00 and gave the company an “underweight” rating in a report on Friday, December 1st. StockNews.com raised SEI Investments from a “hold” rating to a “buy” rating in a report on Saturday, March 2nd. Finally, Piper Sandler upped their target price on SEI Investments from $58.00 to $66.00 and gave the company a “neutral” rating in a report on Wednesday, December 20th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, SEI Investments currently has a consensus rating of “Hold” and an average price target of $68.00.

Check Out Our Latest Report on SEI Investments

SEI Investments Price Performance

Shares of SEIC stock opened at $70.48 on Wednesday. SEI Investments has a 12-month low of $52.19 and a 12-month high of $71.24. The firm has a market capitalization of $9.26 billion, a price-to-earnings ratio of 20.37, a price-to-earnings-growth ratio of 1.46 and a beta of 1.01. The business has a 50 day simple moving average of $66.88 and a 200 day simple moving average of $62.04.

SEI Investments (NASDAQ:SEICGet Free Report) last issued its quarterly earnings data on Wednesday, January 31st. The asset manager reported $0.91 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.91. SEI Investments had a return on equity of 22.40% and a net margin of 24.08%. The business had revenue of $484.86 million during the quarter, compared to analyst estimates of $481.39 million. During the same period in the prior year, the company posted $0.83 EPS. On average, equities analysts anticipate that SEI Investments will post 4 EPS for the current fiscal year.

SEI Investments announced that its Board of Directors has approved a share repurchase plan on Friday, December 15th that authorizes the company to buyback $250.00 million in shares. This buyback authorization authorizes the asset manager to reacquire up to 3% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board believes its shares are undervalued.

SEI Investments Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for SEI Investments (NASDAQ:SEIC)

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