SEI Investments (NASDAQ:SEIC) Upgraded at Zacks Research

Zacks Research upgraded shares of SEI Investments (NASDAQ:SEIC) from a hold rating to a strong-buy rating in a report issued on Thursday morning,Zacks.com reports.

Several other equities analysts have also recently weighed in on the stock. UBS Group reaffirmed a “buy” rating and set a $125.00 price target on shares of SEI Investments in a research note on Thursday. Wall Street Zen raised shares of SEI Investments from a “hold” rating to a “buy” rating in a research report on Saturday. Piper Sandler increased their target price on shares of SEI Investments from $114.00 to $120.00 and gave the stock an “overweight” rating in a report on Thursday. Keefe, Bruyette & Woods raised their target price on shares of SEI Investments from $113.00 to $119.00 and gave the company an “outperform” rating in a research report on Thursday. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of SEI Investments in a research note on Friday, July 17th. One investment analyst has rated the stock with a Strong Buy rating and six have issued a Buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Buy” and a consensus price target of $122.60.

SEI Investments Stock Up 2.6%

SEIC stock opened at $99.22 on Thursday. The company has a debt-to-equity ratio of 0.06, a current ratio of 5.06 and a quick ratio of 4.40. The stock has a market capitalization of $11.93 billion, a P/E ratio of 17.50 and a beta of 0.97. The business has a 50-day moving average of $91.71 and a 200-day moving average of $86.14. SEI Investments has a fifty-two week low of $75.08 and a fifty-two week high of $102.29.

SEI Investments (NASDAQ:SEIC) last posted its quarterly earnings data on Wednesday, July 22nd. The asset manager reported $1.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.44 by $0.22. SEI Investments had a return on equity of 29.16% and a net margin of 28.85%.The business had revenue of $641.62 million during the quarter, compared to the consensus estimate of $636.35 million. During the same period last year, the company earned $1.78 earnings per share. SEI Investments’s quarterly revenue was up 14.7% on a year-over-year basis. On average, sell-side analysts anticipate that SEI Investments will post 6.2 earnings per share for the current fiscal 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 issued a dividend of $0.52 per share. The ex-dividend date of this dividend was Monday, June 8th. This represents a yield of 118.0%. SEI Investments’s dividend payout ratio (DPR) is currently 18.34%.

Insiders Place Their Bets

In other SEI Investments news, Director Kathryn Mccarthy sold 10,000 shares of SEI Investments stock in a transaction on Monday, May 4th. The shares were sold at an average price of $91.07, for a total transaction of $910,700.00. Following the completion of the transaction, the director directly owned 77,883 shares of the company’s stock, valued at $7,092,804.81. The trade was a 11.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Mark Andrew Warner sold 4,000 shares of the company’s stock in a transaction on Tuesday, April 28th. The shares were sold at an average price of $91.16, for a total transaction of $364,640.00. Following the completion of the transaction, the insider owned 921 shares in the company, valued at approximately $83,958.36. This represents a 81.28% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 71,332 shares of company stock valued at $6,278,583 over the last ninety days. 4.80% of the stock is currently owned by company insiders.

Institutional Trading of SEI Investments

Several institutional investors have recently added to or reduced their stakes in SEIC. Norges Bank bought a new position in shares of SEI Investments during the fourth quarter worth approximately $53,548,000. Clark Capital Management Group Inc. boosted its stake in shares of SEI Investments by 2,333.2% in the fourth quarter. Clark Capital Management Group Inc. now owns 645,859 shares of the asset manager’s stock valued at $52,973,000 after buying an additional 619,315 shares during the period. PFA Pension Forsikringsaktieselskab bought a new stake in shares of SEI Investments in the fourth quarter valued at approximately $43,186,000. Qube Research & Technologies Ltd grew its position in SEI Investments by 82.5% during the third quarter. Qube Research & Technologies Ltd now owns 766,775 shares of the asset manager’s stock worth $65,061,000 after buying an additional 346,696 shares in the last quarter. Finally, Caisse de depot et placement du Quebec increased its stake in SEI Investments by 31.0% during the 3rd quarter. Caisse de depot et placement du Quebec now owns 1,343,757 shares of the asset manager’s stock worth $114,018,000 after acquiring an additional 317,703 shares during the period. 70.59% of the stock is currently owned by institutional investors.

Key Headlines Impacting 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.