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

SEI Investments Company (NASDAQ:SEIC) has received an average recommendation of “Moderate Buy” from the eight brokerages that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12-month target price among brokers that have covered the stock in the last year is $103.00.

Several brokerages have issued reports on SEIC. Piper Sandler restated an “overweight” rating and issued a $105.00 price target (up from $99.00) on shares of SEI Investments in a report on Thursday, April 23rd. Raymond James Financial reissued an “outperform” rating and issued a $82.00 target price on shares of SEI Investments in a research report on Wednesday, April 29th. Weiss Ratings reissued a “buy (b)” rating on shares of SEI Investments in a research report on Tuesday, April 21st. Keefe, Bruyette & Woods lifted their target price on SEI Investments from $95.00 to $107.00 and gave the company an “outperform” rating in a research report on Thursday, April 23rd. Finally, Morgan Stanley dropped their target price on SEI Investments from $119.00 to $108.00 and set an “overweight” rating on the stock in a research report on Thursday, April 2nd.

SEI Investments Stock Up 1.4%

Shares of SEI Investments stock opened at $87.71 on Wednesday. SEI Investments has a 1 year low of $75.08 and a 1 year high of $93.96. The business has a 50-day moving average of $89.43 and a two-hundred day moving average of $84.60. The company has a market capitalization of $10.55 billion, a P/E ratio of 14.97 and a beta of 0.97. 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 (NASDAQ:SEIC) last announced its quarterly earnings results on Wednesday, April 22nd. The asset manager reported $1.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.29 by $0.15. SEI Investments had a return on equity of 30.70% and a net margin of 31.17%.The company had revenue of $622.18 million during the quarter, compared to the consensus estimate of $641.82 million. During the same period in the prior year, the company earned $1.17 earnings per share. The company’s revenue for the quarter was up 12.9% compared to the same quarter last year. As a group, equities analysts predict that SEI Investments will post 5.89 EPS for the current year.

SEI Investments Dividend Announcement

The company also recently announced a dividend, which was paid on Tuesday, June 16th. Investors of record on Monday, June 8th were given a $0.52 dividend. This represents a yield of 118.0%. The ex-dividend date of this dividend was Monday, June 8th. SEI Investments’s dividend payout ratio (DPR) is currently 17.75%.

Insiders Place Their Bets

In related news, insider Sanjay Sharma sold 25,000 shares of SEI Investments stock in a transaction that occurred on Thursday, April 23rd. The stock was sold at an average price of $90.12, for a total value of $2,253,000.00. Following the sale, the insider owned 39,829 shares of the company’s stock, valued at approximately $3,589,389.48. This trade represents a 38.56% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Mark Andrew Warner sold 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 28th. The shares were sold at an average price of $91.16, for a total value of $364,640.00. Following the completion of the transaction, the insider owned 921 shares of the company’s stock, valued at approximately $83,958.36. This represents a 81.28% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 111,332 shares of company stock worth $9,908,883 in the last 90 days. Company insiders own 4.80% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of SEIC. Bison Wealth LLC bought a new position in SEI Investments in the fourth quarter valued at approximately $207,000. Baird Financial Group Inc. bought a new position in SEI Investments in the first quarter valued at approximately $201,000. Geneos Wealth Management Inc. grew its stake in SEI Investments by 60.2% in the first quarter. Geneos Wealth Management Inc. now owns 532 shares of the asset manager’s stock valued at $41,000 after purchasing an additional 200 shares in the last quarter. M&T Bank Corp grew its stake in SEI Investments by 11.9% in the second quarter. M&T Bank Corp now owns 3,217 shares of the asset manager’s stock valued at $289,000 after purchasing an additional 341 shares in the last quarter. Finally, CW Advisors LLC bought a new position in SEI Investments in the second quarter valued at approximately $280,000. 70.59% of the stock is currently owned by institutional investors.

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.