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

SEI Investments Company (NASDAQ:SEIC) has received a consensus rating of “Moderate Buy” from the eight ratings firms that are presently covering the stock, Marketbeat Ratings reports. One equities 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 brokerages that have covered the stock in the last year is $103.00.

SEIC has been the subject of several research analyst reports. Weiss Ratings reiterated a “buy (b)” rating on shares of SEI Investments in a research report on Tuesday, April 21st. Morgan Stanley cut their target price on shares of SEI Investments from $119.00 to $108.00 and set an “overweight” rating for the company in a research note on Thursday, April 2nd. UBS Group started coverage on shares of SEI Investments in a research note on Wednesday, February 4th. They set a “buy” rating and a $115.00 target price for the company. Piper Sandler reaffirmed an “overweight” rating and set a $105.00 target price (up from $99.00) on shares of SEI Investments in a research note on Thursday, April 23rd. Finally, Keefe, Bruyette & Woods raised their target price on shares of SEI Investments from $95.00 to $107.00 and gave the company an “outperform” rating in a research note on Thursday, April 23rd.

SEI Investments Stock Performance

Shares of NASDAQ SEIC opened at $90.58 on Tuesday. The firm has a fifty day moving average price of $82.46 and a 200-day moving average price of $82.74. The company has a debt-to-equity ratio of 0.07, a current ratio of 4.52 and a quick ratio of 4.40. The stock has a market cap of $10.89 billion, a PE ratio of 15.46 and a beta of 1.00. SEI Investments has a 1 year low of $75.08 and a 1 year high of $93.96.

SEI Investments (NASDAQ:SEIC) last released its 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 firm had revenue of $622.18 million during the quarter, compared to analysts’ expectations of $641.82 million. During the same quarter last year, the business posted $1.17 earnings per share. The firm’s revenue was up 12.9% on a year-over-year basis. Equities analysts anticipate that SEI Investments will post 5.89 earnings per share for the current fiscal year.

Insider Activity at SEI Investments

In other SEI Investments news, insider Philip Mccabe sold 15,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 23rd. The stock was sold at an average price of $91.82, for a total transaction of $1,377,300.00. Following the completion of the transaction, the insider owned 54,884 shares in the company, valued at $5,039,448.88. This trade represents a 21.46% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 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 transaction, the insider owned 921 shares of the company’s stock, valued at $83,958.36. This represents a 81.28% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 120,447 shares of company stock valued at $10,235,499 in the last ninety days. Corporate insiders own 4.80% of the company’s stock.

Hedge Funds Weigh In On SEI Investments

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. grew its stake in shares of SEI Investments by 0.3% in the 3rd quarter. Vanguard Group Inc. now owns 11,260,591 shares of the asset manager’s stock worth $955,461,000 after buying an additional 30,970 shares in the last quarter. Bank of America Corp DE grew its stake in shares of SEI Investments by 4.4% in the 2nd quarter. Bank of America Corp DE now owns 3,160,636 shares of the asset manager’s stock worth $284,015,000 after buying an additional 133,057 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of SEI Investments by 3.9% in the 4th quarter. Geode Capital Management LLC now owns 2,894,317 shares of the asset manager’s stock worth $237,421,000 after buying an additional 109,974 shares in the last quarter. Lord Abbett & CO. LLC grew its stake in shares of SEI Investments by 19.2% in the 4th quarter. Lord Abbett & CO. LLC now owns 1,917,370 shares of the asset manager’s stock worth $157,263,000 after buying an additional 308,988 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of SEI Investments by 1.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,873,198 shares of the asset manager’s stock worth $146,984,000 after buying an additional 20,054 shares in the last quarter. 70.59% of the stock is owned by hedge funds and other institutional investors.

About SEI Investments

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.