SEI Investments Company (SEIC) – What Are Researchers Thinking About This Stock?

Shares of SEI Investments Company (NASDAQ:SEIC) have received an average rating of “Moderate Buy” from the nine brokerages that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $123.67.

A number of equities analysts recently issued reports on the company. William Blair raised SEI Investments from a “market perform” rating to an “outperform” rating in a report on Tuesday, September 15th. Piper Sandler raised their price objective on shares of SEI Investments from $114.00 to $120.00 and gave the company an “overweight” rating in a research note on Thursday, July 23rd. Wall Street Zen raised SEI Investments from a “hold” rating to a “buy” rating in a research note on Saturday, July 25th. Zacks Research cut shares of SEI Investments from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 21st. Finally, Raymond James Financial upped their price target on SEI Investments from $122.00 to $124.00 and gave the company an “outperform” rating in a report on Monday, July 6th.

Insiders Place Their Bets

In related news, CEO Ryan Hicke sold 37,500 shares of the firm’s stock in a transaction that occurred on Thursday, September 3rd. The shares were sold at an average price of $110.71, for a total transaction of $4,151,625.00. Following the completion of the sale, the chief executive officer directly owned 192,815 shares in the company, valued at approximately $21,346,548.65. This trade represents a 16.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Philip McCabe sold 5,043 shares of the company’s stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $105.50, for a total transaction of $532,036.50. Following the completion of the transaction, the insider owned 54,884 shares in the company, valued at approximately $5,790,262. This represents a 8.42% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 158,777 shares of company stock valued at $16,642,433 over the last quarter. 4.80% of the stock is owned by insiders.

Institutional Investors Weigh In On SEI Investments

Several institutional investors and hedge funds have recently modified their holdings of the business. Jupiter Topco LLC acquired a new position in SEI Investments during the second quarter valued at approximately $3,958,000. Oxbow Advisors LLC bought a new position in SEI Investments during the first quarter worth $3,283,000. Lazard Asset Management LLC grew its position in SEI Investments by 85.2% in the 1st quarter. Lazard Asset Management LLC now owns 38,037 shares of the asset manager’s stock worth $2,985,000 after purchasing an additional 17,504 shares during the last quarter. Readystate Asset Management LP acquired a new stake in SEI Investments in the 2nd quarter worth $1,649,000. Finally, Y Intercept Hong Kong Ltd acquired a new position in shares of SEI Investments during the first quarter valued at about $3,625,000. Institutional investors and hedge funds own 70.59% of the company’s stock.

SEI Investments Stock Performance

Shares of NASDAQ SEIC opened at $105.27 on Friday. The stock has a market capitalization of $12.63 billion, a P/E ratio of 18.57 and a beta of 0.97. The stock’s 50 day moving average price is $106.41 and its two-hundred day moving average price is $95.92. The company has a quick ratio of 4.96, a current ratio of 5.06 and a debt-to-equity ratio of 0.06. SEI Investments has a 52-week low of $75.08 and a 52-week high of $112.15.

SEI Investments (NASDAQ:SEIC) last announced its quarterly earnings data on Wednesday, July 22nd. The asset manager reported $1.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.44 by $0.22. The firm had revenue of $641.62 million for the quarter, compared to analysts’ expectations of $636.35 million. SEI Investments had a return on equity of 29.16% and a net margin of 28.85%. The firm’s revenue for the quarter was up 14.7% on a year-over-year basis. During the same period last year, the business posted $1.78 earnings per share. On average, analysts anticipate that SEI Investments will post 6.21 earnings per share for the current fiscal year.

About SEI Investments

SEI Investments Company (NASDAQ:SEIC) is a global provider of investment processing, management, and operations solutions. The company serves financial institutions, wealth managers, asset managers, investment managers, and institutional investors through technology-enabled platforms and outsourced services.

Its offerings include investment accounting, fund administration, portfolio management, compliance support, wealth management technology, and data and analytics solutions. SEI also provides investment strategies and manages assets for institutions, advisors, and private clients through its investment management business.

Founded in 1968 by Alfred P.