SEI Investments (NASDAQ:SEIC) Price Target Raised to $119.00

SEI Investments (NASDAQ:SEIC) had its price objective lifted by Keefe, Bruyette & Woods from $113.00 to $119.00 in a research note released on Thursday morning,Benzinga reports. Keefe, Bruyette & Woods currently has an outperform rating on the asset manager’s stock.

A number of other research analysts have also recently commented on the company. Piper Sandler upped their price target on SEI Investments from $105.00 to $114.00 and gave the stock an “overweight” rating in a research note on Monday, July 13th. Morgan Stanley boosted their price objective on SEI Investments from $113.00 to $115.00 and gave the company an “overweight” rating in a report on Thursday, July 9th. Weiss Ratings reissued a “buy (b)” rating on shares of SEI Investments in a research note on Friday, July 17th. Finally, 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. One investment analyst has rated the stock with a Strong Buy rating and six have issued a Buy rating to the stock. According to MarketBeat.com, SEI Investments has a consensus rating of “Buy” and a consensus price target of $122.60.

SEI Investments Stock Performance

Shares of SEIC stock opened at $99.22 on Thursday. The firm’s 50 day moving average price is $91.71 and its 200-day moving average price is $86.14. The company has a debt-to-equity ratio of 0.06, a quick ratio of 4.40 and a current ratio of 5.06. SEI Investments has a one year low of $75.08 and a one year high of $102.29. The firm has a market cap of $11.93 billion, a P/E ratio of 17.50 and a beta of 0.97.

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

SEI Investments Announces Dividend

The firm also recently declared a dividend, which was paid on Tuesday, June 16th. Shareholders of record on Monday, June 8th were given a $0.52 dividend. This represents a yield of 118.0%. The ex-dividend date of this dividend was Monday, June 8th. SEI Investments’s dividend payout ratio (DPR) is currently 18.34%.

Insiders Place Their Bets

In related news, Director Kathryn Mccarthy sold 10,000 shares of SEI Investments stock in a transaction 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 completion of the transaction, the director directly owned 77,883 shares in the company, valued at approximately $7,092,804.81. This trade represents a 11.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Mark Andrew Warner sold 4,000 shares of the business’s stock in a transaction on Tuesday, April 28th. The stock was sold at an average price of $91.16, for a total value of $364,640.00. Following the transaction, the insider directly owned 921 shares of the company’s stock, valued at $83,958.36. The trade was a 81.28% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 71,332 shares of company stock worth $6,278,583 over the last 90 days. Corporate insiders own 4.80% of the company’s stock.

Institutional Investors Weigh In On SEI Investments

A number of hedge funds have recently bought and sold shares of SEIC. Elevation Wealth Partners LLC grew its position in shares of 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 buying an additional 152 shares in the last quarter. 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. CIBC Private Wealth Group LLC raised its holdings in SEI Investments by 353.1% in the third quarter. CIBC Private Wealth Group LLC now owns 435 shares of the asset manager’s stock valued at $37,000 after acquiring an additional 339 shares in the last quarter. Root Financial Partners LLC lifted its stake in SEI Investments by 40.8% in the first quarter. Root Financial Partners LLC now owns 487 shares of the asset manager’s stock worth $38,000 after acquiring an additional 141 shares during the last quarter. Finally, Geneos Wealth Management Inc. lifted its stake in SEI Investments by 60.2% in the first quarter. Geneos Wealth Management Inc. now owns 532 shares of the asset manager’s stock worth $41,000 after acquiring an additional 200 shares during the last quarter. Institutional investors and hedge funds own 70.59% of the company’s stock.

Trending Headlines about SEI Investments

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

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.