SEI Investments (NASDAQ:SEIC) Given Consensus Recommendation of “Hold” by Brokerages

Shares of SEI Investments (NASDAQ:SEICGet Rating) have earned an average rating of “Hold” from the seven ratings firms that are currently covering the stock, Marketbeat.com reports. Five analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $64.80.

A number of brokerages have weighed in on SEIC. Morgan Stanley lowered their price objective on SEI Investments from $68.00 to $62.00 and set an “equal weight” rating on the stock in a report on Thursday, April 21st. The Goldman Sachs Group lowered SEI Investments from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $67.00 to $65.00 in a report on Monday, March 28th. Oppenheimer reduced their price target on shares of SEI Investments from $75.00 to $70.00 and set an “outperform” rating for the company in a research report on Thursday, January 27th. StockNews.com started coverage on shares of SEI Investments in a research report on Thursday, March 31st. They set a “buy” rating for the company. Finally, Zacks Investment Research downgraded shares of SEI Investments from a “buy” rating to a “hold” rating and set a $60.00 price target for the company. in a research report on Friday, April 22nd.

Shares of SEIC opened at $55.16 on Friday. SEI Investments has a twelve month low of $52.84 and a twelve month high of $65.22. The stock’s 50 day moving average is $57.88 and its two-hundred day moving average is $59.80. The firm has a market capitalization of $7.57 billion, a PE ratio of 12.86, a P/E/G ratio of 1.12 and a beta of 1.04. The company has a current ratio of 5.19, a quick ratio of 5.08 and a debt-to-equity ratio of 0.02.

SEI Investments (NASDAQ:SEICGet Rating) last announced its quarterly earnings data on Wednesday, April 20th. The asset manager reported $1.36 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.36. SEI Investments had a return on equity of 32.49% and a net margin of 29.72%. The company had revenue of $581.44 million for the quarter, compared to analyst estimates of $560.41 million. During the same quarter in the previous year, the company earned $0.89 EPS. The firm’s revenue for the quarter was up 27.6% compared to the same quarter last year. On average, sell-side analysts predict that SEI Investments will post 4.07 EPS for the current year.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. BlackRock Inc. boosted its position in SEI Investments by 2.3% during the 1st quarter. BlackRock Inc. now owns 11,645,954 shares of the asset manager’s stock worth $701,203,000 after purchasing an additional 260,417 shares during the period. State Street Corp raised its stake in SEI Investments by 8.0% during the first quarter. State Street Corp now owns 6,143,049 shares of the asset manager’s stock worth $369,873,000 after acquiring an additional 452,434 shares during the period. Beutel Goodman & Co Ltd. boosted its holdings in shares of SEI Investments by 34.3% in the first quarter. Beutel Goodman & Co Ltd. now owns 3,792,881 shares of the asset manager’s stock valued at $228,369,000 after acquiring an additional 968,459 shares in the last quarter. Great West Life Assurance Co. Can boosted its holdings in shares of SEI Investments by 2.1% in the first quarter. Great West Life Assurance Co. Can now owns 2,020,748 shares of the asset manager’s stock valued at $128,313,000 after acquiring an additional 40,984 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in SEI Investments by 7.9% during the fourth quarter. Geode Capital Management LLC now owns 1,943,809 shares of the asset manager’s stock worth $118,418,000 after buying an additional 141,772 shares in the last quarter. 70.44% of the stock is owned by institutional investors.

SEI Investments Company Profile (Get Rating)

SEI Investments Company is a publicly owned asset management holding company. Through its subsidiaries, the firm provides wealth management, retirement and investment solutions, asset management, asset administration, investment processing outsourcing solutions, financial services, and investment advisory services to its clients.

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Analyst Recommendations for SEI Investments (NASDAQ:SEIC)

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