SEI Investments Company (NASDAQ:SEIC) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of SEI Investments Company (NASDAQ:SEIC) have been given a consensus recommendation of “Moderate Buy” by the nine ratings firms that are presently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $123.67.

A number of research analysts have issued reports on SEIC shares. Zacks Research lowered shares of SEI Investments from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 21st. William Blair upgraded shares of SEI Investments from a “market perform” rating to an “outperform” rating in a research note on Tuesday, September 15th. UBS Group reaffirmed a “buy” rating and set a $125.00 price target on shares of SEI Investments in a report on Thursday, July 23rd. Raymond James Financial boosted their price objective on SEI Investments from $122.00 to $124.00 and gave the stock an “outperform” rating in a research report on Monday, July 6th. Finally, Morgan Stanley increased their price objective on SEI Investments from $115.00 to $125.00 and gave the stock an “overweight” rating in a report on Thursday, July 23rd.

SEI Investments Stock Performance

Shares of SEIC opened at $103.25 on Friday. SEI Investments has a 1 year low of $75.08 and a 1 year high of $112.15. The company has a market cap of $12.39 billion, a price-to-earnings ratio of 18.21 and a beta of 0.97. The company has a debt-to-equity ratio of 0.06, a quick ratio of 4.96 and a current ratio of 5.06. The firm has a fifty day moving average of $106.33 and a 200-day moving average of $94.94.

SEI Investments (NASDAQ:SEIC) last released its quarterly earnings results on Wednesday, July 22nd. The asset manager reported $1.66 EPS for the quarter, topping the consensus estimate of $1.44 by $0.22. SEI Investments had a net margin of 28.85% and a return on equity of 29.16%. The business had revenue of $641.62 million during the quarter, compared to analyst estimates of $636.35 million. During the same quarter in the prior year, the firm earned $1.78 earnings per share. The company’s quarterly revenue was up 14.7% on a year-over-year basis. As a group, equities analysts anticipate that SEI Investments will post 6.21 earnings per share for the current year.

Insider Activity at SEI Investments

In related news, CEO Ryan Hicke sold 37,500 shares of SEI Investments stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $110.71, for a total transaction of $4,151,625.00. Following the sale, the chief executive officer directly owned 192,815 shares in the company, valued at $21,346,548.65. The trade was a 16.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Alfred P. West, Jr. sold 28,394 shares of the company’s stock in a transaction dated Tuesday, September 29th. The stock was sold at an average price of $103.40, for a total transaction of $2,935,939.60. Following the completion of the sale, the chairman directly owned 6,790,057 shares of the company’s stock, valued at $702,091,893.80. The trade was a 0.42% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 158,777 shares of company stock worth $16,642,433 in the last ninety days. 4.80% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On SEI Investments

Large investors have recently bought and sold shares of the stock. Elevation Wealth Partners LLC lifted its position in shares of SEI Investments by 41.7% in the 3rd quarter. Elevation Wealth Partners LLC now owns 438 shares of the asset manager’s stock valued at $45,000 after acquiring an additional 129 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of SEI Investments by 7.4% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,920 shares of the asset manager’s stock valued at $168,000 after purchasing an additional 133 shares in the last quarter. Root Financial Partners LLC lifted its holdings in shares of SEI Investments by 40.8% in the first quarter. Root Financial Partners LLC now owns 487 shares of the asset manager’s stock valued at $38,000 after purchasing an additional 141 shares in the last quarter. Glenmede Trust Co. NA boosted its position in shares of SEI Investments by 1.2% in the first quarter. Glenmede Trust Co. NA now owns 12,296 shares of the asset manager’s stock worth $965,000 after buying an additional 149 shares during the period. Finally, CX Institutional boosted its position in shares of SEI Investments by 44.6% in the second quarter. CX Institutional now owns 532 shares of the asset manager’s stock worth $47,000 after buying an additional 164 shares during the period. Institutional investors and hedge funds own 70.59% of the company’s stock.

About SEI Investments

SEI Investments Company (NASDAQ:SEIC) is a global provider of investment processing, management, and operations solutions. The company serves financial institutions, wealth managers, asset managers, investment managers, and institutional investors through technology-enabled platforms and outsourced services.

Its offerings include investment accounting, fund administration, portfolio management, compliance support, wealth management technology, and data and analytics solutions. SEI also provides investment strategies and manages assets for institutions, advisors, and private clients through its investment management business.

Founded in 1968 by Alfred P.