Keefe, Bruyette & Woods Lowers SEI Investments (NASDAQ:SEIC) Price Target to $95.00

SEI Investments (NASDAQ:SEIC) had its price objective decreased by analysts at Keefe, Bruyette & Woods from $107.00 to $95.00 in a note issued to investors on Wednesday,Benzinga reports. The firm currently has an “outperform” rating on the asset manager’s stock. Keefe, Bruyette & Woods’ price objective indicates a potential upside of 23.26% from the company’s current price.

SEIC has been the topic of several other reports. UBS Group began coverage on SEI Investments in a research report on Wednesday, February 4th. They issued a “buy” rating and a $115.00 price target on the stock. Morgan Stanley lowered their price target on SEI Investments from $119.00 to $108.00 and set an “overweight” rating on the stock in a research report on Thursday, April 2nd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of SEI Investments in a research report on Thursday, January 22nd. Raymond James Financial reaffirmed an “outperform” rating and issued a $117.00 price target on shares of SEI Investments in a research report on Monday, January 5th. Finally, Piper Sandler lowered their price target on SEI Investments from $106.00 to $99.00 and set an “overweight” rating on the stock in a research report on Tuesday. Seven investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $105.83.

SEI Investments Price Performance

NASDAQ SEIC opened at $77.07 on Wednesday. SEI Investments has a fifty-two week low of $69.04 and a fifty-two week high of $93.96. The stock’s 50-day moving average is $80.13 and its two-hundred day moving average is $82.20. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.29 and a quick ratio of 3.20. The firm has a market cap of $9.42 billion, a P/E ratio of 13.69 and a beta of 0.94.

SEI Investments (NASDAQ:SEIC) last issued its quarterly earnings results on Wednesday, January 28th. The asset manager reported $1.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.34 by ($0.04). The business had revenue of $607.93 million during the quarter, compared to analyst estimates of $596.97 million. SEI Investments had a net margin of 31.14% and a return on equity of 30.26%. The company’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same period in the prior year, the business posted $1.19 earnings per share. On average, analysts anticipate that SEI Investments will post 4.86 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Chairman Alfred P. West, Jr. sold 7,447 shares of SEI Investments stock in a transaction dated Wednesday, March 11th. The stock was sold at an average price of $79.26, for a total transaction of $590,249.22. Following the sale, the chairman directly owned 6,875,783 shares of the company’s stock, valued at $544,974,560.58. This trade represents a 0.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Ryan Hicke sold 80,000 shares of SEI Investments stock in a transaction dated Thursday, January 29th. The stock was sold at an average price of $87.36, for a total value of $6,988,800.00. Following the sale, the chief executive officer directly owned 197,164 shares in the company, valued at approximately $17,224,247.04. This trade represents a 28.86% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 146,447 shares of company stock valued at $12,318,659 over the last three months. 14.60% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On SEI Investments

Institutional investors have recently added to or reduced their stakes in the company. Root Financial Partners LLC acquired a new stake in SEI Investments during the third quarter worth about $28,000. SJS Investment Consulting Inc. grew its position in SEI Investments by 142.9% during the third quarter. SJS Investment Consulting Inc. now owns 357 shares of the asset manager’s stock worth $30,000 after buying an additional 210 shares in the last quarter. CoreFirst Bank & Trust acquired a new stake in SEI Investments during the second quarter worth about $34,000. Community Bank N.A. acquired a new stake in SEI Investments during the third quarter worth about $35,000. Finally, Allworth Financial LP grew its position in SEI Investments by 44.0% during the third quarter. Allworth Financial LP now owns 432 shares of the asset manager’s stock worth $37,000 after buying an additional 132 shares in the last quarter. 70.59% of the stock is owned by institutional investors and hedge funds.

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.