Lindenwold Advisors INC Sells 150 Shares of SEI Investments (NASDAQ:SEIC)

Lindenwold Advisors INC lessened its stake in SEI Investments (NASDAQ:SEIC) by 3.6% in the 4th quarter, Holdings Channel reports. The institutional investor owned 3,971 shares of the asset manager’s stock after selling 150 shares during the period. Lindenwold Advisors INC’s holdings in SEI Investments were worth $328,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. King Luther Capital Management Corp acquired a new stake in shares of SEI Investments during the fourth quarter worth approximately $2,645,000. Boston Trust Walden Corp boosted its stake in SEI Investments by 1.6% in the 4th quarter. Boston Trust Walden Corp now owns 1,306,329 shares of the asset manager’s stock worth $107,746,000 after purchasing an additional 20,020 shares during the period. Longboard Asset Management LP acquired a new position in shares of SEI Investments during the 4th quarter worth about $267,000. New York Life Investment Management LLC acquired a new position in shares of SEI Investments during the 4th quarter worth about $863,000. Finally, CHURCHILL MANAGEMENT Corp bought a new stake in shares of SEI Investments in the 4th quarter valued at about $1,818,000. Institutional investors own 70.59% of the company’s stock.

Analyst Upgrades and Downgrades

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

SEI Investments Stock Performance

SEI Investments stock opened at $74.95 on Wednesday. SEI Investments has a fifty-two week low of $62.38 and a fifty-two week high of $87.25. The stock has a market cap of $9.51 billion, a PE ratio of 16.96, a price-to-earnings-growth ratio of 1.41 and a beta of 0.94. The firm’s 50-day simple moving average is $80.99 and its 200 day simple moving average is $77.93.

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

SEI Investments announced that its Board of Directors has authorized a stock buyback plan on Tuesday, March 18th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the asset manager to buy up to 5.3% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s leadership believes its stock is undervalued.

Insider Activity

In other SEI Investments news, Chairman Alfred P. West, Jr. sold 1,372 shares of the business’s stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $76.28, for a total value of $104,656.16. Following the completion of the transaction, the chairman now owns 7,078,708 shares of the company’s stock, valued at $539,963,846.24. The trade was a 0.02 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Mark Andrew Warner sold 5,000 shares of the company’s stock in a transaction 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 completion of the sale, the insider now directly 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. Insiders have sold a total of 79,214 shares of company stock valued at $6,293,903 over the last quarter. Company 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.