SEI Investments (NASDAQ:SEIC) Price Target Lowered to $69.00 at Piper Sandler

SEI Investments (NASDAQ:SEIC) had its price objective dropped by Piper Sandler from $72.00 to $69.00 in a note issued to investors on Thursday, Benzinga reports. The brokerage currently has a “neutral” rating on the asset manager’s stock. Piper Sandler’s price objective suggests a potential upside of 3.60% from the company’s previous close.

Other equities research analysts also recently issued research reports about the company. Oppenheimer upped their target price on SEI Investments from $77.00 to $80.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 9th. StockNews.com upgraded shares of SEI Investments from a “hold” rating to a “buy” rating in a report on Saturday, March 2nd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $69.50.

SEI Investments Stock Down 0.6 %

Shares of SEIC stock opened at $66.60 on Thursday. SEI Investments has a 52 week low of $52.19 and a 52 week high of $72.54. The firm has a 50 day moving average of $68.55 and a 200-day moving average of $63.31. The company has a market cap of $8.76 billion, a price-to-earnings ratio of 19.25, a price-to-earnings-growth ratio of 1.37 and a beta of 1.02.

SEI Investments (NASDAQ:SEIC) last posted its quarterly earnings results on Wednesday, April 24th. The asset manager reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.01. The firm had revenue of $511.58 million during the quarter, compared to the consensus estimate of $510.41 million. SEI Investments had a net margin of 24.08% and a return on equity of 22.40%. The business’s revenue was up 9.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.79 earnings per share. Analysts anticipate that SEI Investments will post 4.08 earnings per share for the current year.

Insider Transactions at SEI Investments

In related news, Chairman Alfred P. West, Jr. sold 19,363 shares of the business’s stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $72.14, for a total transaction of $1,396,846.82. Following the transaction, the chairman now directly owns 7,865,471 shares in the company, valued at $567,415,077.94. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, Chairman Alfred P. West, Jr. sold 19,363 shares of the stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $72.14, for a total transaction of $1,396,846.82. Following the completion of the sale, the chairman now directly owns 7,865,471 shares of the company’s stock, valued at $567,415,077.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Alfred P. West, Jr. sold 150,000 shares of the firm’s stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $70.75, for a total value of $10,612,500.00. Following the sale, the chairman now directly owns 7,884,834 shares of the company’s stock, valued at $557,852,005.50. The disclosure for this sale can be found here. Insiders sold a total of 206,333 shares of company stock worth $14,481,612 in the last quarter. 15.50% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. VisionPoint Advisory Group LLC lifted its stake in SEI Investments by 67.1% in the third quarter. VisionPoint Advisory Group LLC now owns 513 shares of the asset manager’s stock valued at $31,000 after purchasing an additional 206 shares during the last quarter. TFO Wealth Partners LLC increased its position in shares of SEI Investments by 6,277.8% during the fourth quarter. TFO Wealth Partners LLC now owns 574 shares of the asset manager’s stock valued at $36,000 after buying an additional 565 shares during the period. Evolution Advisers Inc. purchased a new stake in SEI Investments in the 4th quarter worth approximately $55,000. Neo Ivy Capital Management bought a new stake in SEI Investments during the fourth quarter valued at $61,000. Finally, Principal Securities Inc. purchased a new position in shares of SEI Investments during the fourth quarter worth about $66,000. 70.59% of the stock is owned by institutional investors.

About SEI Investments

SEI Investments Company is a publicly owned asset management holding company. Through its subsidiaries, the firm provides wealth management, retirement and investment solutions, asset management, asset administration, investment processing outsourcing solutions, financial services, and investment advisory services to its clients.