SEI Investments Company (NASDAQ:SEIC) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of SEI Investments Company (NASDAQ:SEIC) have received a consensus rating of “Moderate Buy” from the nine brokerages that are covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $109.6667.

A number of equities research analysts have commented on SEIC shares. 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. Raymond James Financial restated an “outperform” rating and set a $117.00 price objective on shares of SEI Investments in a research report on Monday, January 5th. Morgan Stanley lifted their price objective on SEI Investments from $115.00 to $117.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 6th. Weiss Ratings reissued a “buy (b)” rating on shares of SEI Investments in a research report on Thursday, January 22nd. Finally, Keefe, Bruyette & Woods raised their price target on shares of SEI Investments from $97.00 to $102.00 and gave the stock an “outperform” rating in a report on Thursday, January 8th.

SEI Investments Price Performance

SEIC stock opened at $77.79 on Monday. The company has a market capitalization of $9.51 billion, a P/E ratio of 13.82 and a beta of 0.96. The company has a fifty day moving average price of $82.52 and a 200-day moving average price of $83.11. The company has a debt-to-equity ratio of 0.04, a quick ratio of 3.20 and a current ratio of 3.29. SEI Investments has a 52-week low of $64.66 and a 52-week high of $93.96.

SEI Investments (NASDAQ:SEIC) last issued 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). The business had revenue of $607.93 million during the quarter, compared to the consensus estimate of $596.97 million. SEI Investments had a return on equity of 30.26% and a net margin of 31.14%.The business’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 firm earned $1.19 EPS. As a group, equities analysts expect that SEI Investments will post 4.86 EPS for the current year.

Insider Transactions at SEI Investments

In other SEI Investments news, insider Mark Andrew Warner sold 4,000 shares of the company’s stock in a transaction on Wednesday, February 25th. The shares were sold at an average price of $81.74, for a total transaction of $326,960.00. Following the sale, the insider owned 921 shares of the company’s stock, valued at approximately $75,282.54. This represents a 81.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, 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 value of $590,249.22. Following the completion of the transaction, the chairman directly owned 6,875,783 shares of the company’s stock, valued at approximately $544,974,560.58. This trade represents a 0.11% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 146,447 shares of company stock worth $12,318,659 over the last three months. 14.30% of the stock is owned by company insiders.

Institutional Investors Weigh In On SEI Investments

Several institutional investors and hedge funds have recently made changes to their positions in the business. Hsbc Holdings PLC lifted its stake in SEI Investments by 185.4% in the fourth quarter. Hsbc Holdings PLC now owns 180,716 shares of the asset manager’s stock valued at $14,895,000 after buying an additional 117,400 shares during the period. Rockefeller Capital Management L.P. grew its position in shares of SEI Investments by 25.1% during the 4th quarter. Rockefeller Capital Management L.P. now owns 150,008 shares of the asset manager’s stock worth $12,304,000 after buying an additional 30,122 shares during the period. World Investment Advisors bought a new stake in shares of SEI Investments in the 4th quarter valued at $277,000. SHP Wealth Management bought a new stake in shares of SEI Investments in the 4th quarter valued at $372,000. Finally, Caitong International Asset Management Co. Ltd acquired a new position in shares of SEI Investments during the 4th quarter valued at $102,000. Institutional investors own 70.59% of the company’s stock.

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.