SEI Investments (NASDAQ:SEIC) Stock Rated “Overweight” in New Coverage at Wells Fargo & Company

Wells Fargo & Company assumed coverage on shares of SEI Investments (NASDAQ:SEIC) in a report published on Friday, Marketbeat.com reports. The brokerage issued an overweight rating and a $129.00 price objective on the asset manager’s stock.

Several other research firms have also recently issued reports on SEIC. Keefe, Bruyette & Woods lifted their price objective on shares of SEI Investments from $113.00 to $119.00 and gave the company an “outperform” rating in a research report on Thursday, July 23rd. William Blair upgraded shares of SEI Investments from a “market perform” rating to an “outperform” rating in a research report on Tuesday, September 15th. Raymond James Financial raised their target price on shares of SEI Investments from $122.00 to $124.00 and gave the company an “outperform” rating in a research note on Monday, July 6th. Piper Sandler boosted their price target on shares of SEI Investments from $114.00 to $120.00 and gave the stock an “overweight” rating in a research note on Thursday, July 23rd. Finally, Zacks Research downgraded shares of SEI Investments from a “strong-buy” rating to a “hold” rating in a report on Friday, August 21st. Eight research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, SEI Investments has a consensus rating of “Moderate Buy” and a consensus target price of $123.67.

SEI Investments Price Performance

SEIC opened at $102.43 on Friday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 4.96 and a current ratio of 5.06. SEI Investments has a fifty-two week low of $75.08 and a fifty-two week high of $112.15. The firm’s fifty day moving average is $106.31 and its 200 day moving average is $94.24. The stock has a market cap of $12.29 billion, a price-to-earnings ratio of 18.07 and a beta of 0.97.

SEI Investments (NASDAQ:SEIC) last issued its quarterly earnings results 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. The business had revenue of $641.62 million during the quarter, compared to analyst estimates of $636.35 million. SEI Investments had a return on equity of 29.16% and a net margin of 28.85%.SEI Investments’s revenue for the quarter was up 14.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.78 EPS. On average, sell-side analysts forecast that SEI Investments will post 6.21 earnings per share for the current fiscal year.

Insider Transactions at SEI Investments

In other SEI Investments news, insider Philip McCabe sold 24,957 shares of the stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $105.04, for a total transaction of $2,621,483.28. Following the completion of the transaction, the insider owned 54,884 shares in the company, valued at $5,765,015.36. This trade represents a 31.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Sanjay Sharma sold 20,000 shares of the stock in a transaction on Friday, July 24th. The shares were sold at an average price of $99.33, for a total transaction of $1,986,600.00. Following the transaction, the insider owned 39,829 shares of the company’s stock, valued at $3,956,214.57. This trade represents a 33.43% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 158,777 shares of company stock valued at $16,642,433 in the last 90 days. Company insiders own 4.80% of the company’s stock.

Institutional Trading of SEI Investments

Hedge funds have recently made changes to their positions in the business. Elevation Wealth Partners LLC boosted its holdings in shares of SEI Investments by 96.8% in the 2nd quarter. Elevation Wealth Partners LLC now owns 309 shares of the asset manager’s stock worth $27,000 after purchasing an additional 152 shares during the period. Root Financial Partners LLC raised its holdings in SEI Investments by 40.8% during the 1st quarter. Root Financial Partners LLC now owns 487 shares of the asset manager’s stock valued at $38,000 after buying an additional 141 shares during the period. CX Institutional lifted its position in SEI Investments by 44.6% in the second quarter. CX Institutional now owns 532 shares of the asset manager’s stock worth $47,000 after buying an additional 164 shares during the last quarter. Western Wealth Management LLC bought a new stake in SEI Investments in the first quarter worth $43,000. Finally, Caitlin John LLC bought a new stake in SEI Investments in the second quarter worth $56,000. 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:

• Positive Sentiment: Wells Fargo initiated coverage with an Overweight rating and a $129 price target, implying upside from recent trading levels and adding to SEIC’s positive analyst consensus. Wells Fargo Initiates SEI Investments at Overweight
• Positive Sentiment: SEI’s Singapore expansion is expected to broaden growth opportunities in asset servicing, professional services and UCITS distribution across Asia. The company also appointed dedicated local leadership, strengthening its international operating platform. Can SEIC’s Singapore Push Add Another Leg to Its Growth Story?
• Positive Sentiment: A Zacks technical analysis identified a bullish “hammer” chart pattern after the recent pullback. The report also cited upward earnings-estimate revisions, suggesting potential near-term support and a possible turnaround. SEI Forms Hammer Chart Pattern
• Positive Sentiment: Recent coverage pointed to roughly 15% revenue growth, supporting the view that SEIC’s asset-management, investment-processing and technology businesses retain solid operating momentum. SEI Investments Reports 15 Percent Revenue Growth
• Neutral Sentiment: SEI’s latest reported quarter exceeded earnings and revenue expectations, with EPS of $1.66 versus a $1.44 consensus and revenue up 14.7% year over year. However, EPS declined from the prior-year quarter, tempering the positive results.
• Negative Sentiment: Chairman Alfred West, Jr. sold 33,877 shares for approximately $3.5 million across September 29–30. The transactions reduced his ownership by about 0.5%, a modest negative signal, although he continues to hold more than 6.78 million shares. SEI Investments SEC Insider Trading Filing

About SEI Investments

SEI Investments Company (NASDAQ:SEIC) is a global provider of investment processing, management, and operations solutions. The company serves financial institutions, wealth managers, asset managers, investment managers, and institutional investors through technology-enabled platforms and outsourced services.

Its offerings include investment accounting, fund administration, portfolio management, compliance support, wealth management technology, and data and analytics solutions. SEI also provides investment strategies and manages assets for institutions, advisors, and private clients through its investment management business.

Founded in 1968 by Alfred P.