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

SEI Investments Company (NASDAQ:SEIC) has received an average recommendation of “Moderate Buy” from the eight research firms that are currently covering the firm, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $105.00.

Several analysts have recently commented on the company. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $98.00 target price (down from $100.00) on shares of SEI Investments in a research note on Thursday, July 24th. Oppenheimer raised their target price on SEI Investments from $96.00 to $101.00 and gave the company an “outperform” rating in a research note on Tuesday, July 8th. Zacks Research downgraded SEI Investments from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 1st. Piper Sandler reduced their target price on SEI Investments from $96.00 to $93.00 and set a “neutral” rating for the company in a research note on Thursday, July 24th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of SEI Investments in a research note on Saturday, September 27th.

Insider Buying and Selling

In other SEI Investments news, Director Kathryn Mccarthy sold 10,000 shares of SEI Investments stock in a transaction dated Monday, September 29th. The stock was sold at an average price of $85.66, for a total transaction of $856,600.00. Following the completion of the transaction, the director owned 75,641 shares in the company, valued at approximately $6,479,408.06. The trade was a 11.68% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Mark Andrew Warner sold 5,000 shares of SEI Investments stock in a transaction dated Tuesday, July 29th. The shares were sold at an average price of $88.75, for a total value of $443,750.00. Following the transaction, the insider owned 1,300 shares of the company’s stock, valued at $115,375. This trade represents a 79.37% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 60,000 shares of company stock worth $5,254,950 over the last 90 days. Company insiders own 14.60% of the company’s stock.

Hedge Funds Weigh In On SEI Investments

Hedge funds have recently added to or reduced their stakes in the stock. CoreFirst Bank & Trust acquired a new position in SEI Investments during the 2nd quarter valued at about $34,000. Addison Advisors LLC boosted its stake in shares of SEI Investments by 117.6% in the 2nd quarter. Addison Advisors LLC now owns 457 shares of the asset manager’s stock worth $41,000 after buying an additional 247 shares during the last quarter. Harbor Capital Advisors Inc. purchased a new position in shares of SEI Investments in the 2nd quarter worth approximately $45,000. Thurston Springer Miller Herd & Titak Inc. boosted its stake in shares of SEI Investments by 252.1% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 507 shares of the asset manager’s stock worth $46,000 after buying an additional 363 shares during the last quarter. Finally, Geneos Wealth Management Inc. boosted its stake in shares of SEI Investments by 60.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 532 shares of the asset manager’s stock worth $41,000 after buying an additional 200 shares during the last quarter. Institutional investors and hedge funds own 70.59% of the company’s stock.

SEI Investments Price Performance

Shares of SEIC opened at $85.62 on Monday. The stock has a 50-day moving average of $87.50 and a 200-day moving average of $84.08. The company has a market cap of $10.58 billion, a PE ratio of 16.06, a P/E/G ratio of 1.29 and a beta of 0.96. SEI Investments has a one year low of $64.66 and a one year high of $93.96.

SEI Investments (NASDAQ:SEIC) last issued its earnings results on Wednesday, July 23rd. The asset manager reported $1.78 EPS for the quarter, beating the consensus estimate of $1.18 by $0.60. The company had revenue of $559.60 million during the quarter, compared to the consensus estimate of $550.72 million. SEI Investments had a return on equity of 29.96% and a net margin of 31.25%.The firm’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period last year, the business posted $1.05 EPS. Analysts expect that SEI Investments will post 4.86 EPS for the current fiscal year.

About SEI Investments

SEI Investments Company is a publicly owned asset management holding company. Through its subsidiaries, the firm provides wealth management, retirement and investment solutions, asset management, asset administration, investment processing outsourcing solutions, financial services, and investment advisory services to its clients.