Moors & Cabot Inc. Buys 1,129 Shares of SEI Investments (NASDAQ:SEIC)

Moors & Cabot Inc. raised its stake in shares of SEI Investments (NASDAQ:SEIC) by 5.7% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 20,780 shares of the asset manager’s stock after purchasing an additional 1,129 shares during the period. Moors & Cabot Inc.’s holdings in SEI Investments were worth $1,714,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of SEIC. First Horizon Advisors Inc. boosted its stake in shares of SEI Investments by 101.3% in the third quarter. First Horizon Advisors Inc. now owns 461 shares of the asset manager’s stock worth $32,000 after acquiring an additional 232 shares during the period. Allworth Financial LP boosted its stake in shares of SEI Investments by 53.7% in the fourth quarter. Allworth Financial LP now owns 452 shares of the asset manager’s stock worth $38,000 after acquiring an additional 158 shares during the period. Point72 DIFC Ltd bought a new position in shares of SEI Investments in the third quarter worth about $45,000. Rialto Wealth Management LLC bought a new position in shares of SEI Investments in the fourth quarter worth about $55,000. Finally, Principal Securities Inc. boosted its stake in shares of SEI Investments by 13.3% in the fourth quarter. Principal Securities Inc. now owns 1,324 shares of the asset manager’s stock worth $109,000 after acquiring an additional 155 shares during the period. Institutional investors own 70.59% of the company’s stock.

SEI Investments Trading Down 0.5 %

NASDAQ:SEIC opened at $73.80 on Thursday. The company has a market capitalization of $9.37 billion, a P/E ratio of 16.70, a P/E/G ratio of 1.41 and a beta of 0.94. SEI Investments has a 12 month low of $62.38 and a 12 month high of $87.25. The business’s 50-day moving average is $81.60 and its 200 day moving average is $77.67.

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 net margin of 27.35% and a return on equity of 25.51%. On average, research analysts forecast that SEI Investments will post 4.86 earnings per share for the current year.

Insider Buying and Selling at SEI Investments

In other SEI Investments news, insider Mark Andrew Warner sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $80.39, for a total transaction of $401,950.00. Following the sale, the insider now directly owns 1,300 shares in the company, valued at $104,507. This represents a 79.37 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Chairman Alfred P. West, Jr. sold 1,372 shares of the company’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 sale, the chairman now owns 7,078,708 shares in the company, valued at approximately $539,963,846.24. This trade represents a 0.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 225,414 shares of company stock worth $18,801,608 over the last ninety days. Company insiders own 14.30% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on SEIC. Raymond James raised SEI Investments from a “market perform” rating to an “outperform” rating and set a $99.00 price objective for the company in a research note on Thursday, January 30th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $90.00 price objective (up previously from $86.00) on shares of SEI Investments in a research note on Thursday, January 30th. Oppenheimer upped their price objective on SEI Investments from $85.00 to $94.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 7th. Morgan Stanley boosted their target price on SEI Investments from $75.00 to $80.00 and gave the stock an “underweight” rating in a research report on Friday, January 3rd. Finally, Piper Sandler boosted their target price on SEI Investments from $77.00 to $87.00 and gave the stock a “neutral” rating in a research report on Monday, December 23rd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, SEI Investments presently has an average rating of “Hold” and a consensus price target of $90.00.

SEI Investments Company Profile

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.