SEI Investments (NASDAQ:SEIC) Given New $107.00 Price Target at Keefe, Bruyette & Woods

SEI Investments (NASDAQ:SEIC) had its price target raised by Keefe, Bruyette & Woods from $95.00 to $107.00 in a research report released on Thursday,Benzinga reports. They currently have an outperform rating on the asset manager’s stock.

SEIC has been the topic of several other research reports. UBS Group assumed coverage on SEI Investments in a research note on Wednesday, February 4th. They set a “buy” rating and a $115.00 price target on the stock. Morgan Stanley decreased their price target on SEI Investments from $119.00 to $108.00 and set an “overweight” rating on the stock in a research note on Thursday, April 2nd. Raymond James Financial reissued an “outperform” rating and set a $117.00 price target on shares of SEI Investments in a research note on Monday, January 5th. Weiss Ratings reissued a “buy (b)” rating on shares of SEI Investments in a research note on Tuesday. Finally, Piper Sandler reissued an “overweight” rating and set a $105.00 price target (up from $99.00) on shares of SEI Investments in a research note on Thursday. Seven research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $108.83.

SEI Investments Price Performance

Shares of SEIC opened at $91.05 on Thursday. SEI Investments has a twelve month low of $75.08 and a twelve month high of $93.96. The stock’s 50 day moving average is $79.62 and its two-hundred day moving average is $81.92. The firm has a market capitalization of $11.02 billion, a PE ratio of 15.54 and a beta of 0.94. The company has a current ratio of 3.29, a quick ratio of 3.20 and a debt-to-equity ratio of 0.04.

SEI Investments (NASDAQ:SEIC) last announced its quarterly earnings results on Wednesday, April 22nd. The asset manager reported $1.44 EPS for the quarter, topping the consensus estimate of $1.29 by $0.15. The business had revenue of $622.18 million for the quarter, compared to analyst estimates of $641.82 million. SEI Investments had a return on equity of 30.98% and a net margin of 31.17%.The company’s quarterly revenue was up 12.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.17 EPS. Research analysts anticipate that SEI Investments will post 5.44 earnings per share for the current year.

Insider Buying and Selling

In other SEI Investments news, CEO Ryan Hicke sold 80,000 shares of the firm’s stock in a transaction dated Thursday, January 29th. The shares were sold at an average price of $87.36, for a total transaction of $6,988,800.00. Following the sale, the chief executive officer directly owned 197,164 shares of the company’s stock, valued at $17,224,247.04. This trade represents a 28.86% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Alfred P. West, Jr. sold 55,000 shares of the firm’s stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $80.23, for a total transaction of $4,412,650.00. Following the sale, the chairman directly owned 6,883,230 shares in the company, valued at $552,241,542.90. This represents a 0.79% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 171,447 shares of company stock valued at $14,571,659. 14.60% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On SEI Investments

Several hedge funds have recently modified their holdings of SEIC. Vanguard Group Inc. raised its holdings in SEI Investments by 0.3% in the 3rd quarter. Vanguard Group Inc. now owns 11,260,591 shares of the asset manager’s stock valued at $955,461,000 after acquiring an additional 30,970 shares during the last quarter. Bank of America Corp DE raised its holdings in SEI Investments by 4.4% in the 2nd quarter. Bank of America Corp DE now owns 3,160,636 shares of the asset manager’s stock valued at $284,015,000 after acquiring an additional 133,057 shares during the last quarter. Geode Capital Management LLC raised its holdings in SEI Investments by 3.9% in the 4th quarter. Geode Capital Management LLC now owns 2,894,317 shares of the asset manager’s stock valued at $237,421,000 after acquiring an additional 109,974 shares during the last quarter. Lord Abbett & CO. LLC raised its holdings in SEI Investments by 19.2% in the 4th quarter. Lord Abbett & CO. LLC now owns 1,917,370 shares of the asset manager’s stock valued at $157,263,000 after acquiring an additional 308,988 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in SEI Investments by 1.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,863,052 shares of the asset manager’s stock valued at $158,084,000 after acquiring an additional 31,953 shares during the last quarter. 70.59% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about SEI Investments

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

• Positive Sentiment: Q1 earnings beat and margin improvement: SEI reported Q1 EPS that topped consensus and showed year‑over‑year growth in revenue, operating income and operating margin — metrics investors typically reward in asset managers. Read More.
• Positive Sentiment: Analyst upgrade and higher price target: Keefe, Bruyette & Woods raised its price target to $107 and kept an outperform rating, giving the stock notable upside from current levels and supporting bullish sentiment. Read More.
• Neutral Sentiment: Revenue/AUM mix: Revenue and AUM rose year‑over‑year and cash‑flow metrics showed growth in some areas, but total revenue for the quarter slightly trailed some street estimates — a mixed signal that tempers the beat. Read More.
• Negative Sentiment: Insider selling: Director/insider Sanjay Sharma sold 25,000 shares (~38.6% reduction in his holding) at an average price of $90.12, disclosed in an SEC Form 4 — a signal some investors view as cautionary. Read More.

About SEI Investments

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.