Catalyst Funds Management Pty Ltd Acquires 4,000 Shares of SEI Investments (NASDAQ:SEIC)

Catalyst Funds Management Pty Ltd increased its holdings in SEI Investments (NASDAQ:SEIC) by 200.0% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 6,000 shares of the asset manager’s stock after purchasing an additional 4,000 shares during the quarter. Catalyst Funds Management Pty Ltd’s holdings in SEI Investments were worth $495,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Brandes Investment Partners LP increased its holdings in shares of SEI Investments by 11.2% in the 4th quarter. Brandes Investment Partners LP now owns 17,610 shares of the asset manager’s stock valued at $1,452,000 after acquiring an additional 1,772 shares during the period. EverSource Wealth Advisors LLC boosted its position in SEI Investments by 25.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 860 shares of the asset manager’s stock valued at $71,000 after purchasing an additional 172 shares in the last quarter. HighTower Advisors LLC grew its stake in SEI Investments by 5.2% in the fourth quarter. HighTower Advisors LLC now owns 11,513 shares of the asset manager’s stock valued at $950,000 after purchasing an additional 574 shares during the last quarter. Moors & Cabot Inc. raised its holdings in SEI Investments by 5.7% in the fourth quarter. Moors & Cabot Inc. now owns 20,780 shares of the asset manager’s stock worth $1,714,000 after purchasing an additional 1,129 shares in the last quarter. Finally, King Luther Capital Management Corp purchased a new stake in shares of SEI Investments during the fourth quarter valued at about $2,645,000. Hedge funds and other institutional investors own 70.59% of the company’s stock.

SEI Investments Price Performance

Shares of SEIC opened at $73.98 on Friday. The company’s fifty day moving average price is $81.25 and its 200-day moving average price is $77.75. SEI Investments has a 1-year low of $62.38 and a 1-year high of $87.25. The firm has a market capitalization of $9.39 billion, a PE ratio of 16.74, a price-to-earnings-growth ratio of 1.41 and a beta of 0.94.

SEI Investments (NASDAQ:SEIC) last posted its quarterly earnings results on Wednesday, January 29th. The asset manager reported $1.19 earnings per share for the quarter, missing the consensus estimate 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, research analysts anticipate that SEI Investments will post 4.86 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Chairman Alfred P. West, Jr. sold 52,042 shares of the company’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $85.23, for a total value of $4,435,539.66. Following the sale, the chairman now directly owns 7,232,922 shares of the company’s stock, valued at $616,461,942.06. This represents a 0.71 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Mark Andrew Warner sold 5,000 shares of the stock in a transaction 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 completion of the sale, the insider now owns 1,300 shares in the company, valued at $104,507. The trade was a 79.37 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 131,256 shares of company stock worth $10,729,443. 14.30% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on SEIC shares. Morgan Stanley lifted their price objective 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. Oppenheimer upped their price target on SEI Investments from $85.00 to $94.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 7th. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $90.00 price objective (up previously from $86.00) on shares of SEI Investments in a research report on Thursday, January 30th. 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 note on Monday, December 23rd. Finally, Raymond James upgraded SEI Investments from a “market perform” rating to an “outperform” rating and set a $99.00 price target for the company in a research note on Thursday, January 30th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $90.00.

SEI Investments 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.