Shelton Capital Management Sells 199 Shares of SEI Investments (NASDAQ:SEIC)

Shelton Capital Management decreased its position in SEI Investments (NASDAQ:SEIC) by 5.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,731 shares of the asset manager’s stock after selling 199 shares during the quarter. Shelton Capital Management’s holdings in SEI Investments were worth $308,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the business. Geode Capital Management LLC raised its holdings in SEI Investments by 2.4% during the 4th quarter. Geode Capital Management LLC now owns 2,580,737 shares of the asset manager’s stock valued at $212,589,000 after buying an additional 60,307 shares during the period. Boston Trust Walden Corp lifted its holdings in shares of 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 acquiring an additional 20,020 shares during the last quarter. FMR LLC boosted its stake in shares of SEI Investments by 39.3% during the 4th quarter. FMR LLC now owns 1,233,225 shares of the asset manager’s stock worth $101,716,000 after purchasing an additional 348,112 shares during the period. Bank of New York Mellon Corp grew its holdings in SEI Investments by 4.1% during the 4th quarter. Bank of New York Mellon Corp now owns 1,171,743 shares of the asset manager’s stock valued at $96,645,000 after purchasing an additional 46,425 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in SEI Investments by 0.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 668,333 shares of the asset manager’s stock valued at $55,124,000 after purchasing an additional 3,967 shares during the last quarter. Hedge funds and other institutional investors own 70.59% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. 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. StockNews.com downgraded SEI Investments from a “buy” rating to a “hold” rating in a research report on Monday. Piper Sandler decreased their target price on SEI Investments from $87.00 to $74.00 and set a “neutral” rating for the company in a research report on Tuesday. Morgan Stanley upgraded shares of SEI Investments from an “underweight” rating to an “overweight” rating and cut their price target for the stock from $81.00 to $77.00 in a report on Monday. Finally, Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $90.00 price objective (up previously from $86.00) on shares of SEI Investments in a report on Thursday, January 30th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, SEI Investments has an average rating of “Moderate Buy” and a consensus price target of $86.80.

SEI Investments Trading Down 2.7 %

Shares of SEI Investments stock opened at $71.04 on Friday. The stock’s fifty day moving average price is $77.59 and its 200-day moving average price is $78.69. The firm has a market cap of $9.02 billion, a P/E ratio of 16.07, 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.

SEI Investments (NASDAQ:SEIC) last posted its earnings results on Wednesday, January 29th. The asset manager reported $1.19 EPS 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%. Analysts forecast that SEI Investments will post 4.86 earnings per share for the current year.

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

Insider Buying and Selling

In other news, insider Mark Andrew Warner sold 5,000 shares of the firm’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $80.39, for a total value of $401,950.00. Following the sale, the insider now directly owns 1,300 shares in the company, valued at approximately $104,507. This trade represents a 79.37 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Alfred P. West, Jr. sold 72,842 shares of the business’s stock in a transaction that occurred on 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 transaction, the chairman now owns 7,160,080 shares of the company’s stock, valued at approximately $568,868,356. This trade represents a 1.01 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 79,214 shares of company stock valued at $6,293,903 over the last 90 days. Corporate 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.