Wall Street Zen Upgrades SEI Investments (NASDAQ:SEIC) to Buy

SEI Investments (NASDAQ:SEIC) was upgraded by stock analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday.

Several other brokerages also recently commented on SEIC. Raymond James Financial raised their target price on SEI Investments from $122.00 to $124.00 and gave the company an “outperform” rating in a report on Monday, July 6th. Keefe, Bruyette & Woods upped their price target on SEI Investments from $113.00 to $119.00 and gave the stock an “outperform” rating in a report on Thursday. Piper Sandler increased their price objective on shares of SEI Investments from $114.00 to $120.00 and gave the company an “overweight” rating in a research report on Thursday. Morgan Stanley lifted their price objective on shares of SEI Investments from $115.00 to $125.00 and gave the company an “overweight” rating in a research note on Thursday. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of SEI Investments in a research report on Friday, July 17th. One analyst has rated the stock with a Strong Buy rating and six have assigned a Buy rating to the company. Based on data from MarketBeat.com, SEI Investments has an average rating of “Buy” and a consensus price target of $122.60.

SEI Investments Stock Performance

NASDAQ:SEIC opened at $99.22 on Friday. The business’s 50-day moving average is $91.71 and its two-hundred day moving average is $86.13. The company has a debt-to-equity ratio of 0.06, a current ratio of 5.06 and a quick ratio of 4.96. SEI Investments has a 12 month low of $75.08 and a 12 month high of $102.29. The firm has a market capitalization of $11.93 billion, a PE ratio of 17.50 and a beta of 0.97.

SEI Investments (NASDAQ:SEIC) last issued its quarterly earnings data on Wednesday, July 22nd. The asset manager reported $1.66 EPS for the quarter, topping analysts’ consensus estimates of $1.44 by $0.22. SEI Investments had a return on equity of 29.16% and a net margin of 28.85%.The company had revenue of $641.62 million for the quarter, compared to analysts’ expectations of $636.35 million. During the same quarter in the previous year, the firm posted $1.78 earnings per share. The firm’s quarterly revenue was up 14.7% on a year-over-year basis. Research analysts predict that SEI Investments will post 6.2 earnings per share for the current fiscal year.

Insider Buying and Selling

In other SEI Investments news, Chairman Alfred P. West, Jr. sold 50,000 shares of SEI Investments stock in a transaction that occurred on Friday, June 26th. The stock was sold at an average price of $87.25, for a total transaction of $4,362,500.00. Following the sale, the chairman directly owned 6,825,783 shares in the company, valued at $595,549,566.75. The trade was a 0.73% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Kathryn Mccarthy sold 10,000 shares of SEI Investments stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $91.07, for a total value of $910,700.00. Following the sale, the director owned 77,883 shares in the company, valued at $7,092,804.81. This represents a 11.38% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 71,332 shares of company stock worth $6,278,583. 4.80% of the stock is currently owned by corporate insiders.

Institutional Trading of SEI Investments

A number of hedge funds have recently made changes to their positions in the stock. Allworth Financial LP raised its holdings in SEI Investments by 44.0% in the third quarter. Allworth Financial LP now owns 432 shares of the asset manager’s stock valued at $37,000 after acquiring an additional 132 shares in the last quarter. Commerce Bank grew its holdings in SEI Investments by 1.3% during the 4th quarter. Commerce Bank now owns 10,060 shares of the asset manager’s stock worth $825,000 after acquiring an additional 133 shares in the last quarter. Root Financial Partners LLC grew its holdings in SEI Investments by 40.8% during the 1st quarter. Root Financial Partners LLC now owns 487 shares of the asset manager’s stock worth $38,000 after acquiring an additional 141 shares in the last quarter. Focus Partners Advisor Solutions LLC increased its position in shares of SEI Investments by 1.2% in the 4th quarter. Focus Partners Advisor Solutions LLC now owns 11,957 shares of the asset manager’s stock worth $981,000 after purchasing an additional 141 shares during the last quarter. Finally, Glenmede Trust Co. NA increased its position in shares of SEI Investments by 1.2% in the 1st quarter. Glenmede Trust Co. NA now owns 12,296 shares of the asset manager’s stock worth $965,000 after purchasing an additional 149 shares during the last quarter. Institutional investors and hedge funds own 70.59% of the company’s stock.

SEI Investments News Summary

Here are the key news stories impacting SEI Investments this week:

• Positive Sentiment: SEI posted Q2 earnings of $1.66 per share, beating estimates, while revenue rose to $641.6 million and sales/AUM metrics topped expectations, reinforcing the view that business momentum remains solid. Article Title
• Positive Sentiment: Management’s Q2 call highlighted record growth and expanding margins, which suggests operating leverage is improving and may support earnings growth ahead. Article Title
• Positive Sentiment: Analysts turned more constructive after earnings: Morgan Stanley raised its price target to $125 with an overweight rating, and Keefe, Bruyette & Woods lifted its target to $119 with an outperform rating, both signaling higher expectations for the stock. Article Title
• Positive Sentiment: Consensus earnings estimates have been revised higher, which often supports shares when investors see improving forward fundamentals. Article Title
• Neutral Sentiment: Recent short-interest data showed no meaningful short position reported, so there is no clear bearish squeeze or short-selling signal driving the move. Article Title

SEI Investments Company Profile

SEI Investments Company is a global provider of asset management, investment processing, and investment operations solutions. The firm offers a range of services designed to help financial institutions, private banks, wealth managers and family offices streamline back-office functions and enhance front-office capabilities. SEI’s technology platforms support various stages of the investment lifecycle, including trade execution, performance reporting, risk analytics and client communications.

The company’s core offerings include outsourced fund administration, custody and trust services, managed account solutions, and wealth management technology.