Nebula Research & Development LLC Has $3.23 Million Position in SEI Investments (NASDAQ:SEIC)

Nebula Research & Development LLC boosted its position in SEI Investments (NASDAQ:SEIC) by 16.5% during the fourth quarter, Holdings Channel reports. The institutional investor owned 39,150 shares of the asset manager’s stock after purchasing an additional 5,558 shares during the quarter. Nebula Research & Development LLC’s holdings in SEI Investments were worth $3,229,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of SEIC. CoreFirst Bank & Trust bought a new position in shares of SEI Investments during the 4th quarter worth approximately $31,000. Allworth Financial LP boosted its holdings in SEI Investments by 53.7% during the fourth quarter. Allworth Financial LP now owns 452 shares of the asset manager’s stock worth $38,000 after purchasing an additional 158 shares during the last quarter. First Horizon Advisors Inc. grew its position in SEI Investments by 25.4% in the fourth 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 in the last quarter. Rialto Wealth Management LLC acquired a new stake in SEI Investments in the 4th quarter valued at $55,000. Finally, EverSource Wealth Advisors LLC lifted its position in 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 buying an additional 172 shares in the last quarter. Institutional investors own 70.59% of the company’s stock.

SEI Investments Trading Up 7.8 %

Shares of NASDAQ SEIC opened at $78.70 on Friday. The company has a market capitalization of $9.90 billion, a P/E ratio of 17.81, a P/E/G ratio of 1.41 and a beta of 0.90. SEI Investments has a 12 month low of $62.38 and a 12 month high of $87.25. The stock has a 50 day moving average of $75.32 and a 200-day moving average of $78.86.

SEI Investments (NASDAQ:SEIC) last released its quarterly earnings data on Wednesday, April 23rd. The asset manager reported $1.17 EPS for the quarter, beating the consensus estimate of $1.12 by $0.05. The firm had revenue of $551.34 million for the quarter, compared to the consensus estimate of $556.76 million. SEI Investments had a net margin of 27.35% and a return on equity of 25.51%. Analysts predict that SEI Investments will post 4.86 EPS for the current fiscal year.

SEI Investments announced that its board has authorized a share repurchase plan on Tuesday, March 18th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the asset manager to purchase up to 5.3% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s management believes its shares are undervalued.

Wall Street Analyst Weigh In

SEIC has been the topic of a number of recent research reports. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $90.00 target price (up previously from $86.00) on shares of SEI Investments in a research report on Thursday, January 30th. Piper Sandler boosted their price target on SEI Investments from $74.00 to $79.00 and gave the stock a “neutral” rating in a research report on Thursday. Oppenheimer reiterated an “outperform” rating on shares of SEI Investments in a research note on Thursday. William Blair reissued a “market perform” rating on shares of SEI Investments in a research note on Thursday. Finally, StockNews.com raised shares of SEI Investments from a “hold” rating to a “buy” rating in a research report on Thursday. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $88.80.

Insider Activity at SEI Investments

In related news, Chairman Alfred P. West, Jr. sold 72,842 shares of the company’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $79.45, for a total value of $5,787,296.90. Following the transaction, the chairman now directly owns 7,160,080 shares in the company, valued at approximately $568,868,356. This represents a 1.01 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Mark Andrew Warner sold 5,000 shares of SEI Investments stock in a transaction dated 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 sale, the insider now owns 1,300 shares of the company’s stock, valued at $104,507. This trade represents a 79.37 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 79,214 shares of company stock worth $6,293,903. Insiders own 14.30% 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.