SEI Investments (NASDAQ:SEIC) Stock Rating Upgraded by Zacks Research

SEI Investments (NASDAQ:SEIC) was upgraded by research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a report released on Thursday,Zacks.com reports.

A number of other analysts have also weighed in on SEIC. Piper Sandler upped their price objective on shares of SEI Investments from $114.00 to $120.00 and gave the stock an “overweight” rating in a research note on Thursday. Weiss Ratings restated a “buy (b)” rating on shares of SEI Investments in a report on Friday, July 17th. Morgan Stanley upped their price target on shares of SEI Investments from $115.00 to $125.00 and gave the stock an “overweight” rating in a research report on Thursday. Wall Street Zen raised shares of SEI Investments from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, Keefe, Bruyette & Woods increased their price objective on shares of SEI Investments from $113.00 to $119.00 and gave the company an “outperform” rating in a research note on Thursday. One investment analyst has rated the stock with a Strong Buy rating and six have issued a Buy rating to the stock. Based on data from MarketBeat, SEI Investments presently has a consensus rating of “Buy” and a consensus price target of $122.60.

SEI Investments Price Performance

Shares of SEIC stock opened at $99.22 on Thursday. SEI Investments has a twelve month low of $75.08 and a twelve month high of $102.29. The stock has a market capitalization of $11.93 billion, a price-to-earnings ratio of 17.50 and a beta of 0.97. The stock has a fifty day simple moving average of $91.71 and a two-hundred day simple moving average of $86.14. The company has a current ratio of 5.06, a quick ratio of 4.40 and a debt-to-equity ratio of 0.06.

SEI Investments (NASDAQ:SEIC) last posted 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 for the quarter, compared to the consensus estimate of $636.35 million. SEI Investments had a return on equity of 29.16% and a net margin of 28.85%.The business’s revenue was up 14.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.78 EPS. On average, analysts predict that SEI Investments will post 6.2 EPS for the current fiscal year.

Insider Buying and Selling at SEI Investments

In related news, Chairman Alfred P. West, Jr. sold 7,332 shares of the business’s stock in a transaction that occurred on Monday, June 29th. The shares were sold at an average price of $87.39, for a total transaction of $640,743.48. Following the completion of the transaction, the chairman owned 6,818,451 shares in the company, valued at $595,864,432.89. The trade was a 0.11% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Mark Andrew Warner sold 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 28th. The stock was sold at an average price of $91.16, for a total transaction of $364,640.00. Following the transaction, the insider owned 921 shares of the company’s stock, valued at approximately $83,958.36. This trade represents a 81.28% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 71,332 shares of company stock valued at $6,278,583. 4.80% of the stock is currently owned by insiders.

Hedge Funds Weigh In On SEI Investments

Institutional investors and hedge funds have recently bought and sold shares of the company. Bison Wealth LLC acquired a new position in shares of SEI Investments during the fourth quarter worth $207,000. Baird Financial Group Inc. purchased a new stake in shares of SEI Investments during the 1st quarter valued at $201,000. Geneos Wealth Management Inc. boosted its position 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 purchasing an additional 200 shares in the last quarter. M&T Bank Corp boosted its position in shares of SEI Investments by 11.9% in the 2nd quarter. M&T Bank Corp now owns 3,217 shares of the asset manager’s stock worth $289,000 after purchasing an additional 341 shares in the last quarter. Finally, CW Advisors LLC purchased a new position in SEI Investments during the 2nd quarter worth $280,000. 70.59% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting SEI Investments

Here are the key news stories impacting SEI Investments this week:

• Positive Sentiment: SEI posted Q2 earnings of $1.66 per share, beating estimates, while revenue rose to $641.6 million and sales/AUM metrics topped expectations, reinforcing the view that business momentum remains solid. Article Title
• Positive Sentiment: Management’s Q2 call highlighted record growth and expanding margins, which suggests operating leverage is improving and may support earnings growth ahead. Article Title
• Positive Sentiment: Analysts turned more constructive after earnings: Morgan Stanley raised its price target to $125 with an overweight rating, and Keefe, Bruyette & Woods lifted its target to $119 with an outperform rating, both signaling higher expectations for the stock. Article Title
• Positive Sentiment: Consensus earnings estimates have been revised higher, which often supports shares when investors see improving forward fundamentals. Article Title
• Neutral Sentiment: Recent short-interest data showed no meaningful short position reported, so there is no clear bearish squeeze or short-selling signal driving the move. Article Title

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.