SEI Investments Company (NASDAQ:SEIC) Receives $105.00 Consensus Price Target from Brokerages

Shares of SEI Investments Company (NASDAQ:SEIC) have been given an average recommendation of “Moderate Buy” by the eight analysts that are presently covering the company, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $105.00.

Several equities analysts have commented on the stock. Oppenheimer upped their price objective on shares of SEI Investments from $96.00 to $101.00 and gave the company an “outperform” rating in a report on Tuesday, July 8th. Raymond James Financial increased their target price on shares of SEI Investments from $115.00 to $118.00 and gave the company an “outperform” rating in a research report on Thursday, July 24th. Piper Sandler reduced their price objective on shares of SEI Investments from $96.00 to $93.00 and set a “neutral” rating for the company in a research report on Thursday, July 24th. Zacks Research downgraded shares of SEI Investments from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 1st. Finally, Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $98.00 price objective (down previously from $100.00) on shares of SEI Investments in a research report on Thursday, July 24th.

SEI Investments Price Performance

Shares of NASDAQ:SEIC opened at $85.62 on Monday. The company has a 50 day moving average of $87.50 and a 200-day moving average of $84.19. SEI Investments has a one year low of $64.66 and a one year high of $93.96. The stock has a market cap of $10.58 billion, a price-to-earnings ratio of 16.06, a P/E/G ratio of 1.30 and a beta of 0.96.

SEI Investments (NASDAQ:SEIC) last announced its quarterly earnings results on Wednesday, July 23rd. The asset manager reported $1.78 earnings per share for the quarter, beating analysts’ consensus estimates of $1.18 by $0.60. The firm had revenue of $559.60 million for the quarter, compared to analyst estimates of $550.72 million. SEI Investments had a net margin of 31.25% and a return on equity of 29.96%. The business’s revenue was up 7.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.05 earnings per share. Equities research analysts anticipate that SEI Investments will post 4.86 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Kathryn Mccarthy sold 10,000 shares of the firm’s stock in a transaction on Monday, September 29th. The stock was sold at an average price of $85.66, for a total transaction of $856,600.00. Following the completion of the sale, the director directly owned 75,641 shares of the company’s stock, valued at $6,479,408.06. This trade represents a 11.68% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Mark Andrew Warner sold 5,000 shares of the firm’s stock in a transaction on Tuesday, July 29th. The shares were sold at an average price of $88.75, for a total value of $443,750.00. Following the sale, the insider directly owned 1,300 shares of the company’s stock, valued at approximately $115,375. This represents a 79.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 60,000 shares of company stock valued at $5,254,950 in the last 90 days. Insiders own 14.60% of the company’s stock.

Institutional Trading of SEI Investments

A number of large investors have recently modified their holdings of SEIC. CoreFirst Bank & Trust bought a new stake in SEI Investments in the 2nd quarter worth approximately $34,000. Addison Advisors LLC lifted its position in SEI Investments by 117.6% in the 2nd quarter. Addison Advisors LLC now owns 457 shares of the asset manager’s stock worth $41,000 after buying an additional 247 shares during the last quarter. Geneos Wealth Management Inc. lifted its position in SEI Investments by 60.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 532 shares of the asset manager’s stock worth $41,000 after buying an additional 200 shares during the last quarter. Versant Capital Management Inc lifted its position in SEI Investments by 156.1% in the 1st quarter. Versant Capital Management Inc now owns 543 shares of the asset manager’s stock worth $42,000 after buying an additional 331 shares during the last quarter. Finally, Harbor Capital Advisors Inc. bought a new stake in SEI Investments in the 2nd quarter worth approximately $45,000. Institutional investors own 70.59% of the company’s stock.

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.