Investors Buy High Volume of SEI Investments Put Options (SEIC)

SEI Investments (NASDAQ:SEIC) was the recipient of unusually large options trading activity on Tuesday. Stock traders acquired 1,603 put options on the stock. This represents an increase of approximately 1,182% compared to the typical volume of 125 put options.

In related news, insider Wayne Withrow sold 10,000 shares of the company’s stock in a transaction dated Tuesday, December 5th. The shares were sold at an average price of $70.35, for a total transaction of $703,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider N Jeffrey Klauder sold 20,000 shares of the company’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $73.77, for a total transaction of $1,475,400.00. Following the transaction, the insider now owns 52,194 shares of the company’s stock, valued at approximately $3,850,351.38. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 75,000 shares of company stock valued at $5,414,750. Insiders own 16.50% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in SEIC. Invictus RG acquired a new stake in SEI Investments in the 3rd quarter valued at about $111,000. Icon Wealth Partners LLC acquired a new stake in SEI Investments in the 4th quarter valued at about $121,000. Woodard & Co. Asset Management Group Inc. ADV acquired a new stake in SEI Investments in the 4th quarter valued at about $122,000. Meeder Asset Management Inc. raised its holdings in SEI Investments by 7,575.0% in the 3rd quarter. Meeder Asset Management Inc. now owns 2,456 shares of the asset manager’s stock valued at $150,000 after acquiring an additional 2,424 shares during the last quarter. Finally, Legacy Advisors LLC acquired a new stake in SEI Investments in the 3rd quarter valued at about $180,000. Institutional investors own 70.95% of the company’s stock.

Shares of SEI Investments (NASDAQ:SEIC) opened at $72.73 on Wednesday. The company has a market cap of $11,585.41, a PE ratio of 31.66, a price-to-earnings-growth ratio of 1.90 and a beta of 1.30. The company has a quick ratio of 4.07, a current ratio of 4.14 and a debt-to-equity ratio of 0.02. SEI Investments has a 1-year low of $49.04 and a 1-year high of $77.49.

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

SEI Investments announced that its board has approved a share buyback plan on Wednesday, October 25th that allows the company to repurchase $200.00 million in shares. This repurchase authorization allows the asset manager to buy shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s management believes its shares are undervalued.

Several research analysts recently weighed in on the stock. BidaskClub downgraded shares of SEI Investments from a “strong-buy” rating to a “buy” rating in a research report on Thursday, January 25th. Oppenheimer restated a “buy” rating and set a $80.00 price target on shares of SEI Investments in a research report on Thursday, February 1st. Zacks Investment Research upgraded 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 restated 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 given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $73.50.

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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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