SEI Investments (NASDAQ:SEIC) Price Target Raised to $125.00

SEI Investments (NASDAQ:SEICGet Free Report) had its price target hoisted by stock analysts at Morgan Stanley from $115.00 to $125.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage currently has an “overweight” rating on the asset manager’s stock. Morgan Stanley’s price target would indicate a potential upside of 29.96% from the company’s previous close.

Other research analysts have also recently issued research reports about the company. Raymond James Financial lifted their target price on SEI Investments from $122.00 to $124.00 and gave the company an “outperform” rating in a research report on Monday, July 6th. UBS Group reaffirmed a “buy” rating and set a $125.00 price objective on shares of SEI Investments in a report on Thursday. Weiss Ratings reiterated a “buy (b)” rating on shares of SEI Investments in a research note on Friday, July 17th. Piper Sandler increased their target price on shares of SEI Investments from $114.00 to $120.00 and gave the company an “overweight” rating in a report on Thursday. Finally, Keefe, Bruyette & Woods raised their price target on shares of SEI Investments from $113.00 to $119.00 and gave the company an “outperform” rating in a research report on Thursday. Six investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, SEI Investments has a consensus rating of “Moderate Buy” and an average target price of $122.60.

Read Our Latest Report on SEIC

SEI Investments Stock Down 2.6%

Shares of NASDAQ:SEIC traded down $2.57 during midday trading on Thursday, hitting $96.18. 736,802 shares of the company’s stock were exchanged, compared to its average volume of 803,494. The company has a debt-to-equity ratio of 0.07, a current ratio of 4.52 and a quick ratio of 4.40. SEI Investments has a 12 month low of $75.08 and a 12 month high of $102.29. The company has a market cap of $11.57 billion, a PE ratio of 16.42 and a beta of 0.97. The stock has a 50 day moving average price of $91.44 and a 200-day moving average price of $85.95.

SEI Investments (NASDAQ:SEICGet Free Report) last announced its quarterly earnings results on Wednesday, July 22nd. The asset manager reported $1.66 earnings per share for the quarter, beating the consensus estimate of $1.44 by $0.22. The business had revenue of $641.62 million for the quarter, compared to analysts’ expectations of $636.35 million. SEI Investments had a net margin of 31.17% and a return on equity of 30.70%. The firm’s revenue for the quarter was up 14.7% compared to the same quarter last year. During the same quarter last year, the firm earned $1.78 EPS. On average, sell-side analysts anticipate that SEI Investments will post 5.98 EPS for the current fiscal year.

Insider Buying and Selling at SEI Investments

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bison Wealth LLC purchased a new position in SEI Investments in the fourth quarter valued at approximately $207,000. Baird Financial Group Inc. bought a new stake in shares of SEI Investments in the first quarter valued at $201,000. Geneos Wealth Management Inc. lifted its position in shares of SEI Investments by 60.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 532 shares of the asset manager’s stock valued at $41,000 after buying an additional 200 shares during the last quarter. M&T Bank Corp grew its stake in shares of SEI Investments by 11.9% during the 2nd quarter. M&T Bank Corp now owns 3,217 shares of the asset manager’s stock worth $289,000 after acquiring an additional 341 shares during the period. Finally, CW Advisors LLC bought a new position in shares of SEI Investments during the 2nd quarter worth $280,000. 70.59% of the stock is currently owned by hedge funds and other institutional investors.

SEI Investments News Summary

Here are the key news stories impacting SEI Investments this week:

About SEI Investments

(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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