SEI Investments Company (NASDAQ:SEIC) Receives $105.83 Average Target Price from Analysts

Shares of SEI Investments Company (NASDAQ:SEIC) have been assigned an average rating of “Moderate Buy” from the nine brokerages that are covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $105.8333.

Several equities analysts have recently weighed in on SEIC shares. Weiss Ratings reiterated a “buy (b)” rating on shares of SEI Investments in a report on Thursday, January 22nd. Morgan Stanley cut their target price 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. Keefe, Bruyette & Woods cut their target price on SEI Investments from $107.00 to $95.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 8th. Raymond James Financial restated an “outperform” rating and issued a $117.00 target price on shares of SEI Investments in a research note on Monday, January 5th. Finally, Piper Sandler cut their target price on SEI Investments from $106.00 to $99.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 7th.

SEI Investments Stock Performance

NASDAQ:SEIC opened at $79.79 on Friday. SEI Investments has a fifty-two week low of $69.04 and a fifty-two week high of $93.96. 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 stock has a market capitalization of $9.65 billion, a PE ratio of 14.17 and a beta of 0.94. The business’s 50-day simple moving average is $79.31 and its 200-day simple moving average is $81.88.

SEI Investments (NASDAQ:SEIC) last released its quarterly earnings data on Wednesday, January 28th. The asset manager reported $1.30 earnings per share for the quarter, missing the consensus estimate of $1.34 by ($0.04). SEI Investments had a net margin of 31.14% and a return on equity of 30.26%. The business had revenue of $607.93 million for the quarter, compared to the consensus estimate of $596.97 million. During the same quarter last year, the firm earned $1.19 EPS. The company’s revenue for the quarter was up 9.1% on a year-over-year basis. Sell-side analysts expect that SEI Investments will post 4.86 earnings per share for the current fiscal year.

Insider Buying and Selling at SEI Investments

In other SEI Investments news, CEO Ryan Hicke sold 80,000 shares of the business’s stock in a transaction that occurred on 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 owned 197,164 shares in the company, valued at approximately $17,224,247.04. The trade was a 28.86% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Mark Andrew Warner sold 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 25th. The stock was sold at an average price of $81.74, for a total value of $326,960.00. Following the transaction, the insider directly owned 921 shares in the company, valued at $75,282.54. This trade represents a 81.28% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 146,447 shares of company stock worth $12,318,659. Corporate insiders own 14.30% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in SEIC. Ashton Thomas Private Wealth LLC lifted its position in shares of SEI Investments by 349.2% during the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 63,902 shares of the asset manager’s stock valued at $5,422,000 after acquiring an additional 49,676 shares during the period. BI Asset Management Fondsmaeglerselskab A S lifted its position in shares of SEI Investments by 3,554.3% during the 3rd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 27,042 shares of the asset manager’s stock valued at $2,295,000 after acquiring an additional 26,302 shares during the period. Vanguard Group Inc. lifted its position in shares of SEI Investments by 0.3% during 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 period. Allianz Asset Management GmbH boosted its position in shares of SEI Investments by 21.1% during the 3rd quarter. Allianz Asset Management GmbH now owns 174,266 shares of the asset manager’s stock worth $14,786,000 after acquiring an additional 30,411 shares in the last quarter. Finally, M&G PLC acquired a new stake in shares of SEI Investments during the 3rd quarter worth approximately $10,413,000. Institutional investors and hedge funds own 70.59% of the company’s stock.

SEI Investments Company Profile

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.