SEI Investments Company (NASDAQ:SEIC) Stock Rated “Buy” by Wall Street Brokerages

SEI Investments Company (NASDAQ:SEIC) has earned a consensus rating of “Buy” from the nine analysts that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold recommendation, seven have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $125.50.

Several research analysts have commented on the stock. Zacks Research cut shares of SEI Investments from a “strong-buy” rating to a “hold” rating in a report on Friday, August 21st. Piper Sandler restated an “overweight” rating and set a $129.00 price target (up from $127.00) on shares of SEI Investments in a report on Thursday, October 22nd. Wall Street Zen downgraded shares of SEI Investments from a “buy” rating to a “hold” rating in a research report on Saturday, October 31st. Keefe, Bruyette & Woods upped their price target on shares of SEI Investments from $113.00 to $119.00 and gave the company an “outperform” rating in a research report on Thursday, July 23rd. Finally, UBS Group reaffirmed a “buy” rating and issued a $125.00 price objective on shares of SEI Investments in a research note on Thursday, July 23rd.

Insider Activity

In other SEI Investments news, Chairman Alfred P. West, Jr. sold 5,483 shares of SEI Investments stock in a transaction dated Wednesday, September 30th. The stock was sold at an average price of $103.16, for a total transaction of $565,626.28. Following the transaction, the chairman owned 6,784,574 shares of the company’s stock, valued at $699,896,653.84. The trade was a 0.08% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Ryan Hicke sold 37,500 shares of the company’s stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $110.71, for a total value of $4,151,625.00. Following the completion of the transaction, the chief executive officer owned 192,815 shares in the company, valued at $21,346,548.65. This represents a 16.28% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 73,777 shares of company stock worth $7,899,863 over the last quarter. Corporate insiders own 4.80% of the company’s stock.

Institutional Trading of SEI Investments

A number of institutional investors have recently added to or reduced their stakes in the business. Fortitude Family Office LLC boosted its stake in SEI Investments by 95.1% during the 3rd quarter. Fortitude Family Office LLC now owns 240 shares of the asset manager’s stock valued at $25,000 after purchasing an additional 117 shares during the period. Elevation Wealth Partners LLC lifted its stake in SEI Investments by 96.8% during the second quarter. Elevation Wealth Partners LLC now owns 309 shares of the asset manager’s stock worth $27,000 after purchasing an additional 152 shares during the period. Latitude Advisors LLC acquired a new stake in SEI Investments in the 3rd quarter valued at $33,000. Root Financial Partners LLC grew its holdings in shares of SEI Investments by 40.8% in the 1st quarter. Root Financial Partners LLC now owns 487 shares of the asset manager’s stock worth $38,000 after purchasing an additional 141 shares during the last quarter. Finally, Western Wealth Management LLC acquired a new stake in shares of SEI Investments during the first quarter worth approximately $43,000. 70.59% of the stock is currently owned by institutional investors and hedge funds.

SEI Investments Stock Up 3.1%

NASDAQ SEIC opened at $108.56 on Tuesday. The company has a debt-to-equity ratio of 0.07, a current ratio of 4.31 and a quick ratio of 4.23. The company’s 50 day simple moving average is $105.48 and its 200 day simple moving average is $93.50. SEI Investments has a 12 month low of $75.08 and a 12 month high of $112.15. The company has a market capitalization of $12.87 billion, a P/E ratio of 18.88 and a beta of 0.97.

SEI Investments (NASDAQ:SEIC) last issued its earnings results on Wednesday, October 21st. The asset manager reported $1.64 earnings per share for the quarter, topping analysts’ consensus estimates of $1.58 by $0.06. The firm had revenue of $662.04 million during the quarter, compared to analysts’ expectations of $656.25 million. SEI Investments had a net margin of 28.06% and a return on equity of 30.14%. The firm’s revenue for the quarter was up 14.4% compared to the same quarter last year. During the same period last year, the firm posted $1.30 earnings per share. Equities research analysts expect that SEI Investments will post 6.31 earnings per share for the current fiscal year.

About SEI Investments

SEI Investments Company is a financial technology and investment services firm founded in 1968 by Alfred P. West Jr. The company provides technology, investment management and operational services to financial institutions and investors.

Its offerings include investment processing and administration, outsourced investment management, and technology platforms that support wealth managers, asset managers, financial institutions and institutional investors. SEI also provides investment solutions through its own asset management business.

Headquartered in Oaks, Pennsylvania, SEI serves clients in the United States and internationally, including in Europe and other global markets.