Keefe, Bruyette & Woods Has Lowered Expectations for SEI Investments (NASDAQ:SEIC) Stock Price

SEI Investments (NASDAQ:SEIC) had its price objective decreased by analysts at Keefe, Bruyette & Woods from $107.00 to $95.00 in a report released on Wednesday,Benzinga reports. The brokerage currently has an “outperform” rating on the asset manager’s stock. Keefe, Bruyette & Woods’ price target would suggest a potential upside of 26.36% from the company’s previous close.

Other equities analysts have also issued research reports about the company. Morgan Stanley cut their price target on SEI Investments from $119.00 to $108.00 and set an “overweight” rating on the stock in a research note on Thursday, April 2nd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of SEI Investments in a research note on Thursday, January 22nd. Piper Sandler reduced their price objective on shares of SEI Investments from $106.00 to $99.00 and set an “overweight” rating on the stock in a research note on Tuesday. Raymond James Financial reissued an “outperform” rating and set a $117.00 target price on shares of SEI Investments in a research note on Monday, January 5th. Finally, UBS Group began coverage on shares of SEI Investments in a research note on Wednesday, February 4th. They issued a “buy” rating and a $115.00 price target on the stock. Seven equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $105.83.

SEI Investments Stock Performance

SEIC stock opened at $75.18 on Wednesday. SEI Investments has a 12 month low of $65.49 and a 12 month high of $93.96. The firm has a 50 day moving average of $80.52 and a two-hundred day moving average of $82.27. The company has a market capitalization of $9.19 billion, a price-to-earnings ratio of 13.35 and a beta of 0.94. The company has a quick ratio of 3.20, a current ratio of 3.29 and a debt-to-equity ratio of 0.04.

SEI Investments (NASDAQ:SEIC) last issued its quarterly earnings results on Wednesday, January 28th. The asset manager reported $1.30 earnings per share for the quarter, missing analysts’ consensus estimates of $1.34 by ($0.04). The company had revenue of $607.93 million during the quarter, compared to the consensus estimate of $596.97 million. SEI Investments had a net margin of 31.14% and a return on equity of 30.26%. SEI Investments’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same period last year, the company earned $1.19 earnings per share. As a group, equities analysts anticipate that SEI Investments will post 4.86 EPS for the current fiscal year.

Insider Buying and Selling at SEI Investments

In other news, Chairman Alfred P. West, Jr. sold 7,447 shares of the business’s stock in a transaction that occurred on Wednesday, March 11th. The shares were sold at an average price of $79.26, for a total value of $590,249.22. Following the completion of the transaction, the chairman directly owned 6,875,783 shares in the company, valued at approximately $544,974,560.58. The trade was a 0.11% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Mark Andrew Warner sold 4,000 shares of SEI Investments stock in a transaction that occurred on Wednesday, February 25th. The shares were sold at an average price of $81.74, for a total transaction of $326,960.00. Following the completion of the transaction, the insider directly owned 921 shares in the company, valued at $75,282.54. This trade represents a 81.28% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 146,447 shares of company stock worth $12,318,659. Insiders own 14.60% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Ashton Thomas Private Wealth LLC boosted its stake in shares of SEI Investments by 349.2% during the third quarter. Ashton Thomas Private Wealth LLC now owns 63,902 shares of the asset manager’s stock valued at $5,422,000 after purchasing an additional 49,676 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S boosted its holdings in SEI Investments by 3,554.3% in the third quarter. BI Asset Management Fondsmaeglerselskab A S now owns 27,042 shares of the asset manager’s stock valued at $2,295,000 after acquiring an additional 26,302 shares during the last quarter. Vanguard Group Inc. increased its position in SEI Investments by 0.3% during the 3rd quarter. Vanguard Group Inc. now owns 11,260,591 shares of the asset manager’s stock valued at $955,461,000 after purchasing an additional 30,970 shares during the period. Allianz Asset Management GmbH raised its holdings in SEI Investments by 21.1% during the 3rd quarter. Allianz Asset Management GmbH now owns 174,266 shares of the asset manager’s stock worth $14,786,000 after purchasing an additional 30,411 shares during the last quarter. Finally, M&G PLC bought a new position in SEI Investments during the 3rd quarter worth approximately $10,413,000. Institutional investors and hedge funds own 70.59% of the company’s stock.

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.