SEI Investments Company (NASDAQ:SEIC) Receives Consensus Recommendation of “Buy” from Brokerages

SEI Investments Company (NASDAQ:SEIC) has been given an average rating of “Buy” by the seven brokerages that are presently covering the firm, Marketbeat reports. Six investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $122.60.

Several equities research analysts have recently commented on SEIC shares. Piper Sandler upped their price objective on SEI Investments from $114.00 to $120.00 and gave the stock an “overweight” rating in a research note on Thursday. Raymond James Financial lifted their target price on SEI Investments from $122.00 to $124.00 and gave the company an “outperform” rating in a research report on Monday, July 6th. Wall Street Zen raised SEI Investments from a “hold” rating to a “buy” rating in a report on Saturday. Weiss Ratings restated a “buy (b)” rating on shares of SEI Investments in a research report on Friday, July 17th. Finally, Keefe, Bruyette & Woods raised their price objective on SEI Investments from $113.00 to $119.00 and gave the stock an “outperform” rating in a research note on Thursday.

SEI Investments News Roundup

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

Insiders Place Their Bets

In other SEI Investments news, Chairman Alfred P. West, Jr. sold 7,332 shares of the firm’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 sale, the chairman owned 6,818,451 shares in the company, valued at approximately $595,864,432.89. This trade represents a 0.11% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Mark Andrew Warner sold 4,000 shares of SEI Investments stock in a transaction that occurred 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 transaction, the insider directly owned 921 shares in the company, valued at $83,958.36. This represents a 81.28% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 71,332 shares of company stock worth $6,278,583. Company insiders own 4.80% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Elevation Wealth Partners LLC boosted its holdings in SEI Investments by 96.8% in the 2nd quarter. Elevation Wealth Partners LLC now owns 309 shares of the asset manager’s stock worth $27,000 after buying an additional 152 shares during the period. Allworth Financial LP raised its holdings in SEI Investments by 44.0% during the third quarter. Allworth Financial LP now owns 432 shares of the asset manager’s stock valued at $37,000 after acquiring an additional 132 shares during the period. CIBC Private Wealth Group LLC lifted its position in shares of SEI Investments by 353.1% in the third quarter. CIBC Private Wealth Group LLC now owns 435 shares of the asset manager’s stock valued at $37,000 after acquiring an additional 339 shares in the last quarter. Root Financial Partners LLC lifted its position in shares of SEI Investments by 40.8% in the first quarter. Root Financial Partners LLC now owns 487 shares of the asset manager’s stock valued at $38,000 after acquiring an additional 141 shares in the last quarter. Finally, Geneos Wealth Management Inc. boosted its stake in shares of SEI Investments by 60.2% in the first quarter. Geneos Wealth Management Inc. now owns 532 shares of the asset manager’s stock worth $41,000 after acquiring an additional 200 shares during the period. Hedge funds and other institutional investors own 70.59% of the company’s stock.

SEI Investments Stock Performance

Shares of NASDAQ SEIC opened at $99.22 on Friday. SEI Investments has a 12-month low of $75.08 and a 12-month high of $102.29. The firm has a market capitalization of $11.93 billion, a price-to-earnings ratio of 17.50 and a beta of 0.97. 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 50 day moving average of $91.71 and a 200 day moving average of $86.14.

SEI Investments (NASDAQ:SEIC) last released its quarterly earnings results on Wednesday, July 22nd. The asset manager reported $1.66 earnings per share for the quarter, topping the consensus estimate 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 net margin of 28.85% and a return on equity of 29.16%. The company’s quarterly revenue was up 14.7% on a year-over-year basis. During the same period last year, the firm earned $1.78 earnings per share. On average, research analysts anticipate that SEI Investments will post 6.2 earnings per share for the current year.

SEI Investments Announces Dividend

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

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.