SEI Investments (NASDAQ:SEIC) Upgraded by Wall Street Zen to Buy Rating

Wall Street Zen upgraded shares of SEI Investments (NASDAQ:SEIC) from a hold rating to a buy rating in a research note released on Saturday.

SEIC has been the subject of several other reports. Keefe, Bruyette & Woods upped their price objective on SEI Investments from $113.00 to $119.00 and gave the stock an “outperform” rating in a research report on Thursday. Piper Sandler raised their target price on SEI Investments from $114.00 to $120.00 and gave the stock an “overweight” rating in a research report on Thursday. Morgan Stanley boosted their target price on SEI Investments from $115.00 to $125.00 and gave the stock an “overweight” rating in a research note on Thursday. Weiss Ratings reaffirmed a “buy (b)” rating on shares of SEI Investments in a report on Friday, July 17th. Finally, Raymond James Financial increased their price target 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. One research analyst has rated the stock with a Strong Buy rating and six have assigned a Buy rating to the company. Based on data from MarketBeat, SEI Investments currently has an average rating of “Buy” and an average target price of $122.60.

SEI Investments Stock Performance

Shares of SEIC stock opened at $99.22 on Friday. The company has a current ratio of 5.06, a quick ratio of 4.40 and a debt-to-equity ratio of 0.06. The firm has a fifty day moving average price of $91.71 and a 200 day moving average price of $86.14. The company has a market cap of $11.93 billion, a P/E ratio of 17.50 and a beta of 0.97. SEI Investments has a 12 month low of $75.08 and a 12 month high of $102.29.

SEI Investments (NASDAQ:SEIC) last posted its earnings results on Wednesday, July 22nd. The asset manager reported $1.66 EPS for the quarter, beating the consensus estimate of $1.44 by $0.22. SEI Investments had a return on equity of 29.16% and a net margin of 28.85%.The firm had revenue of $641.62 million for the quarter, compared to analyst estimates of $636.35 million. During the same quarter in the prior year, the company posted $1.78 earnings per share. SEI Investments’s revenue for the quarter was up 14.7% compared to the same quarter last year. Sell-side analysts predict that SEI Investments will post 6.2 earnings per share for the current fiscal year.

SEI Investments Announces Dividend

The firm also recently announced a dividend, which was paid on Tuesday, June 16th. Stockholders of record on Monday, June 8th were issued a $0.52 dividend. This represents a dividend yield of 118.0%. The ex-dividend date of this dividend was Monday, June 8th. SEI Investments’s payout ratio is presently 18.34%.

Insider Activity at SEI Investments

In related news, insider Mark Andrew Warner sold 4,000 shares of the stock in a transaction on Tuesday, April 28th. The shares were sold at an average price of $91.16, for a total transaction of $364,640.00. Following the completion of the sale, the insider owned 921 shares in the company, valued at $83,958.36. This represents a 81.28% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Alfred P. West, Jr. sold 7,332 shares of the firm’s stock in a transaction on Monday, June 29th. The stock was sold at an average price of $87.39, for a total transaction of $640,743.48. Following the transaction, the chairman directly owned 6,818,451 shares in the company, valued at $595,864,432.89. The trade was a 0.11% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 71,332 shares of company stock worth $6,278,583 in the last 90 days. 4.80% of the stock is owned by insiders.

Institutional Investors Weigh In On SEI Investments

Hedge funds have recently made changes to their positions in the business. Bank of America Corp DE increased its holdings in shares of SEI Investments by 4.4% in the second quarter. Bank of America Corp DE now owns 3,160,636 shares of the asset manager’s stock valued at $284,015,000 after purchasing an additional 133,057 shares during the period. Geode Capital Management LLC increased its stake in 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 valued at $237,421,000 after buying an additional 109,974 shares during the period. Lord Abbett & CO. LLC raised its position in SEI Investments by 19.2% during 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 during the last quarter. Dimensional Fund Advisors LP raised its position in SEI Investments by 1.1% during 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 during the last quarter. Finally, First Trust Advisors LP lifted its stake in shares of SEI Investments by 1.2% in the 1st quarter. First Trust Advisors LP now owns 1,822,669 shares of the asset manager’s stock worth $143,025,000 after acquiring an additional 21,731 shares during the period. Institutional investors and hedge funds own 70.59% of the company’s stock.

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

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.