SEI Investments (SEIC) Holdings Boosted by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. boosted its holdings in SEI Investments (NASDAQ:SEIC) by 19.7% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 17,476 shares of the asset manager’s stock after buying an additional 2,878 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in SEI Investments were worth $1,256,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. CIBC Asset Management Inc raised its position in SEI Investments by 11.5% in the 4th quarter. CIBC Asset Management Inc now owns 7,091 shares of the asset manager’s stock worth $510,000 after buying an additional 734 shares during the last quarter. Xact Kapitalforvaltning AB raised its position in SEI Investments by 8.3% in the 3rd quarter. Xact Kapitalforvaltning AB now owns 11,787 shares of the asset manager’s stock worth $720,000 after buying an additional 899 shares during the last quarter. Court Place Advisors LLC raised its position in SEI Investments by 1.1% in the 3rd quarter. Court Place Advisors LLC now owns 88,107 shares of the asset manager’s stock worth $5,380,000 after buying an additional 950 shares during the last quarter. Penserra Capital Management LLC raised its position in SEI Investments by 18.6% in the 3rd quarter. Penserra Capital Management LLC now owns 7,138 shares of the asset manager’s stock worth $438,000 after buying an additional 1,118 shares during the last quarter. Finally, Wedbush Securities Inc. raised its position in SEI Investments by 34.9% in the 3rd quarter. Wedbush Securities Inc. now owns 5,215 shares of the asset manager’s stock worth $318,000 after buying an additional 1,349 shares during the last quarter. 70.03% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts have weighed in on the company. Oppenheimer reaffirmed a “buy” rating and set a $80.00 price target on shares of SEI Investments in a research report on Thursday, February 1st. BidaskClub lowered shares of SEI Investments from a “buy” rating to a “hold” rating in a research report on Wednesday, January 31st. Zacks Investment Research raised shares of SEI Investments from a “hold” rating to a “strong-buy” rating and set a $84.00 price target for the company in a research report on Friday, January 5th. Finally, Mizuho reaffirmed a “buy” rating and set a $72.00 price target on shares of SEI Investments in a research report on Friday, November 17th. Three research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. SEI Investments has an average rating of “Buy” and an average price target of $73.50.

In related news, insider Wayne Withrow sold 10,000 shares of the stock in a transaction that occurred on Tuesday, December 5th. The shares were sold at an average price of $70.35, for a total value of $703,500.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider N Jeffrey Klauder sold 20,000 shares of the stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $68.39, for a total transaction of $1,367,800.00. Following the completion of the sale, the insider now directly owns 62,194 shares of the company’s stock, valued at $4,253,447.66. The disclosure for this sale can be found here. Insiders have sold a total of 53,750 shares of company stock valued at $3,722,650 in the last ninety days. Insiders own 16.50% of the company’s stock.

Shares of SEI Investments (NASDAQ SEIC) opened at $72.98 on Thursday. SEI Investments has a 52-week low of $49.02 and a 52-week high of $77.49. The company has a market cap of $11,177.03, a PE ratio of 29.19, a PEG ratio of 1.83 and a beta of 1.30. The company has a debt-to-equity ratio of 0.02, a quick ratio of 4.07 and a current ratio of 4.14.

SEI Investments (NASDAQ:SEIC) last released its quarterly earnings results on Wednesday, January 31st. The asset manager reported $0.75 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.15. SEI Investments had a net margin of 26.49% and a return on equity of 26.74%. The firm had revenue of $408.22 million during the quarter, compared to analyst estimates of $397.96 million. During the same quarter in the prior year, the firm earned $0.55 EPS. The business’s revenue for the quarter was up 10.7% compared to the same quarter last year. sell-side analysts expect that SEI Investments will post 3.24 earnings per share for the current fiscal year.

SEI Investments announced that its board has initiated a stock buyback program on Wednesday, October 25th that permits the company to repurchase $200.00 million in shares. This repurchase authorization permits the asset manager to purchase shares of its stock through open market purchases. Shares repurchase programs are generally a sign that the company’s management believes its stock is undervalued.

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About SEI Investments

SEI Investments Company provides investment processing, investment management and investment operations solutions. The Company provides its solutions to financial institutions, financial advisors, institutional investors, investment managers and ultra-high-net-worth families in the United States, Canada, the United Kingdom, continental Europe and various other locations around the world.

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Institutional Ownership by Quarter for SEI Investments (NASDAQ:SEIC)

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