Keefe, Bruyette & Woods Issues Positive Forecast for SEI Investments (NASDAQ:SEIC) Stock Price

SEI Investments (NASDAQ:SEICGet Free Report) had its price objective upped by stock analysts at Keefe, Bruyette & Woods from $95.00 to $107.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm currently has an “outperform” rating on the asset manager’s stock. Keefe, Bruyette & Woods’ target price would indicate a potential upside of 19.03% from the stock’s previous close.

Other analysts have also issued reports about the stock. UBS Group began coverage on shares of SEI Investments in a research report on Wednesday, February 4th. They set a “buy” rating and a $115.00 target price for the company. Morgan Stanley cut their target price on shares of SEI Investments from $119.00 to $108.00 and set an “overweight” rating for the company in a research report on Thursday, April 2nd. Raymond James Financial reaffirmed an “outperform” rating and set a $117.00 price target on shares of SEI Investments in a report on Monday, January 5th. Piper Sandler reaffirmed an “overweight” rating and set a $105.00 price target on shares of SEI Investments in a report on Thursday. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of SEI Investments in a report on Tuesday. Seven analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $108.83.

Check Out Our Latest Analysis on SEI Investments

SEI Investments Stock Performance

NASDAQ SEIC traded up $5.10 during trading hours on Thursday, hitting $89.89. 1,079,841 shares of the company’s stock traded hands, compared to its average volume of 840,549. The business’s fifty day moving average price is $79.34 and its two-hundred day moving average price is $81.86. The company has a current ratio of 3.29, a quick ratio of 3.20 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $10.88 billion, a P/E ratio of 15.97 and a beta of 0.94. SEI Investments has a 52 week low of $75.08 and a 52 week high of $93.96.

SEI Investments (NASDAQ:SEICGet Free Report) last announced its earnings results on Wednesday, April 22nd. The asset manager reported $1.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.29 by $0.15. The company had revenue of $622.18 million during the quarter, compared to analyst estimates of $641.82 million. SEI Investments had a net margin of 31.14% and a return on equity of 30.26%. The firm’s quarterly revenue was up 12.9% compared to the same quarter last year. During the same period in the previous year, the business posted $1.17 earnings per share. Equities research analysts predict that SEI Investments will post 5.44 EPS for the current year.

Insider Buying and Selling at SEI Investments

In other SEI Investments news, Chairman Alfred P. West, Jr. sold 55,000 shares of SEI Investments stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $80.23, for a total transaction of $4,412,650.00. Following the transaction, the chairman owned 6,883,230 shares of the company’s stock, valued at $552,241,542.90. The trade was a 0.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Ryan Hicke sold 80,000 shares of SEI Investments stock in a transaction that occurred on Thursday, January 29th. The shares were sold at an average price of $87.36, for a total transaction of $6,988,800.00. Following the transaction, the chief executive officer directly owned 197,164 shares in the company, valued at $17,224,247.04. This represents a 28.86% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 146,447 shares of company stock valued at $12,318,659 over the last 90 days. 14.60% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On SEI Investments

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Arizona State Retirement System boosted its position in shares of SEI Investments by 0.4% during the third quarter. Arizona State Retirement System now owns 31,307 shares of the asset manager’s stock worth $2,656,000 after acquiring an additional 129 shares during the last quarter. Allworth Financial LP boosted its position in shares of 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 acquiring an additional 132 shares during the last quarter. Commerce Bank boosted its position in shares of SEI Investments by 1.3% during the fourth quarter. Commerce Bank now owns 10,060 shares of the asset manager’s stock worth $825,000 after acquiring an additional 133 shares during the last quarter. Focus Partners Advisor Solutions LLC boosted its position in shares of SEI Investments by 1.2% during the fourth quarter. Focus Partners Advisor Solutions LLC now owns 11,957 shares of the asset manager’s stock worth $981,000 after acquiring an additional 141 shares during the last quarter. Finally, Johnson Investment Counsel Inc. raised its holdings in shares of SEI Investments by 0.5% during the 3rd quarter. Johnson Investment Counsel Inc. now owns 29,852 shares of the asset manager’s stock worth $2,533,000 after acquiring an additional 153 shares in the last quarter. Institutional investors own 70.59% of the company’s stock.

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SEI Investments Company Profile

(Get Free Report)

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.

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