SEI Investments (NASDAQ:SEIC) Now Covered by Analysts at Wells Fargo & Company

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

Several other equities research analysts have also commented on SEIC. UBS Group reissued a “buy” rating and issued a $125.00 price target on shares of SEI Investments in a report on Thursday, July 23rd. Zacks Research downgraded shares of SEI Investments from a “strong-buy” rating to a “hold” rating in a report on Friday, August 21st. Weiss Ratings reissued a “buy (b)” rating on shares of SEI Investments in a research note on Friday, July 17th. Wall Street Zen raised shares of SEI Investments from a “hold” rating to a “buy” rating in a research note on Saturday, July 25th. Finally, Piper Sandler lifted their price objective on SEI Investments from $114.00 to $120.00 and gave the stock an “overweight” rating in a report on Thursday, July 23rd. Eight equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $123.67.

SEI Investments Price Performance

Shares of SEI Investments stock opened at $102.43 on Friday. The firm has a market cap of $12.29 billion, a PE ratio of 18.07 and a beta of 0.97. SEI Investments has a twelve month low of $75.08 and a twelve month high of $112.15. The company has a quick ratio of 4.96, a current ratio of 5.06 and a debt-to-equity ratio of 0.06. The business has a 50-day moving average price of $106.31 and a 200 day moving average price of $94.13.

SEI Investments (NASDAQ:SEIC) last issued its quarterly earnings data on Wednesday, July 22nd. The asset manager reported $1.66 EPS for the quarter, beating the consensus estimate of $1.44 by $0.22. The company had revenue of $641.62 million for 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 quarterly revenue was up 14.7% compared to the same quarter last year. During the same period last year, the company earned $1.78 earnings per share. Sell-side analysts predict that SEI Investments will post 6.21 earnings per share for the current fiscal year.

Insider Activity

In other SEI Investments news, Chairman Alfred West, Jr. sold 5,483 shares of SEI Investments stock in a transaction dated Wednesday, September 30th. The shares were sold at an average price of $103.16, for a total transaction of $565,626.28. Following the transaction, the chairman directly owned 6,784,574 shares of the company’s stock, valued at $699,896,653.84. The trade was a 0.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Ryan Hicke sold 37,500 shares of the business’s stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $110.71, for a total transaction of $4,151,625.00. Following the completion of the transaction, the chief executive officer owned 192,815 shares in the company, valued at $21,346,548.65. The trade was a 16.28% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 158,777 shares of company stock valued at $16,642,433 in the last quarter. Insiders own 4.80% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. BlackRock Inc. purchased a new position in SEI Investments during the 2nd quarter valued at about $870,745,000. Bank of America Corp DE purchased a new stake in SEI Investments during the second quarter worth about $255,067,000. Caisse de depot et placement du Quebec purchased a new stake in SEI Investments during the second quarter worth about $87,924,000. Bank of New York Mellon Corp acquired a new stake in shares of SEI Investments during the second quarter worth about $78,430,000. Finally, American Capital Management Inc. acquired a new stake in shares of SEI Investments during the second quarter worth about $65,372,000. 70.59% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting SEI Investments

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.