Xponance Inc. Has $1.43 Million Stock Position in SEI Investments (NASDAQ:SEIC)

Xponance Inc. lifted its stake in shares of SEI Investments (NASDAQ:SEIC) by 5.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 17,337 shares of the asset manager’s stock after purchasing an additional 911 shares during the quarter. Xponance Inc.’s holdings in SEI Investments were worth $1,430,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Allworth Financial LP boosted its stake in SEI Investments by 53.7% in the fourth quarter. Allworth Financial LP now owns 452 shares of the asset manager’s stock valued at $38,000 after buying an additional 158 shares in the last quarter. First Horizon Advisors Inc. boosted its stake in SEI Investments by 101.3% in the third quarter. First Horizon Advisors Inc. now owns 461 shares of the asset manager’s stock valued at $32,000 after buying an additional 232 shares in the last quarter. Point72 DIFC Ltd acquired a new stake in SEI Investments in the third quarter valued at about $45,000. Rialto Wealth Management LLC acquired a new stake in SEI Investments in the fourth quarter valued at about $55,000. Finally, EverSource Wealth Advisors LLC boosted its stake in SEI Investments by 25.0% in the fourth 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 in the last quarter. 70.59% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at SEI Investments

In other news, Chairman Alfred P. West, Jr. sold 72,842 shares of the firm’s stock in a transaction dated 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 in the company, valued at $568,868,356. This trade represents a 1.01 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Mark Andrew Warner sold 5,000 shares of the firm’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $80.39, for a total value of $401,950.00. Following the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold 79,214 shares of company stock worth $6,293,903 over the last ninety days. 14.30% of the stock is owned by insiders.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Morgan Stanley raised their price objective on SEI Investments from $75.00 to $80.00 and gave the company an “underweight” rating in a research note on Friday, January 3rd. 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. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $90.00 target price (up from $86.00) on shares of SEI Investments in a research report on Thursday, January 30th. Piper Sandler increased their target price on SEI Investments from $77.00 to $87.00 and gave the company a “neutral” rating in a research report on Monday, December 23rd. Finally, Oppenheimer increased their target price on SEI Investments from $85.00 to $94.00 and gave the company an “outperform” rating in a research report on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $90.00.

SEI Investments Price Performance

Shares of SEIC opened at $75.84 on Friday. SEI Investments has a 1 year low of $62.38 and a 1 year high of $87.25. The company has a market capitalization of $9.63 billion, a price-to-earnings ratio of 17.16, a price-to-earnings-growth ratio of 1.41 and a beta of 0.94. The business has a 50-day moving average of $80.71 and a 200-day moving average of $78.03.

SEI Investments (NASDAQ:SEIC) last issued its quarterly earnings data on Wednesday, January 29th. The asset manager reported $1.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.21 by ($0.02). SEI Investments had a return on equity of 25.51% and a net margin of 27.35%. As a group, sell-side analysts anticipate that SEI Investments will post 4.86 EPS for the current year.

SEI Investments announced that its board has approved a stock repurchase program on Tuesday, March 18th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the asset manager to reacquire up to 5.3% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s board of directors believes its stock is 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.