SEI Investments Company (NASDAQ:SEIC) Given Average Rating of “Moderate Buy” by Analysts

Shares of SEI Investments Company (NASDAQ:SEIC) have received a consensus rating of “Moderate Buy” from the eight ratings firms that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $122.60.

SEIC has been the subject of a number of research reports. William Blair upgraded SEI Investments from a “market perform” rating to an “outperform” rating in a research note on Tuesday, September 15th. Piper Sandler upped their target price on SEI Investments from $114.00 to $120.00 and gave the company an “overweight” rating in a report on Thursday, July 23rd. Keefe, Bruyette & Woods increased their price target on SEI Investments from $113.00 to $119.00 and gave the stock an “outperform” rating in a research report on Thursday, July 23rd. Raymond James Financial raised their price target on SEI Investments from $122.00 to $124.00 and gave the stock an “outperform” rating in a report on Monday, July 6th. Finally, Morgan Stanley boosted their price objective on SEI Investments from $115.00 to $125.00 and gave the company an “overweight” rating in a research report on Thursday, July 23rd.

Insider Buying and Selling

In other news, insider Philip McCabe sold 5,043 shares of the business’s stock in a transaction 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 of the company’s stock, valued at approximately $5,790,262. The trade was a 8.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Mark Warner sold 15,000 shares of the company’s stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $102.35, for a total transaction of $1,535,250.00. Following the transaction, the insider owned 921 shares of the company’s stock, valued at $94,264.35. This represents a 94.22% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 179,832 shares of company stock valued at $17,897,438 in the last three months. 4.80% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of SEIC. BlackRock Inc. acquired a new position in shares of SEI Investments during the second quarter worth approximately $870,745,000. Bank of America Corp DE acquired a new stake in SEI Investments in the 2nd quarter valued at approximately $255,067,000. Geode Capital Management LLC increased its position 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 acquiring an additional 109,974 shares during the period. Lord Abbett & CO. LLC raised its stake 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 valued at $157,263,000 after acquiring an additional 308,988 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake 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 valued at $146,984,000 after acquiring an additional 20,054 shares in the last quarter. Institutional investors own 70.59% of the company’s stock.

SEI Investments Price Performance

Shares of NASDAQ:SEIC opened at $105.20 on Monday. The stock has a market capitalization of $12.63 billion, a price-to-earnings ratio of 18.55 and a beta of 0.97. SEI Investments has a 1-year low of $75.08 and a 1-year high of $112.15. The company’s fifty day moving average is $105.09 and its two-hundred day moving average is $92.58. The company has a debt-to-equity ratio of 0.06, a quick ratio of 4.96 and a current ratio of 5.06.

SEI Investments (NASDAQ:SEIC) last posted its quarterly 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. The business had revenue of $641.62 million during the quarter, compared to analyst estimates 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 in the previous year, the business posted $1.78 EPS. Equities analysts anticipate that SEI Investments will post 6.21 EPS for the current year.

SEI Investments Company Profile

SEI Investments Company is a financial technology and investment solutions provider serving wealth managers, asset managers, institutional investors, banks and family offices. The company combines technology, outsourced operations and investment expertise to help clients manage portfolios, administer funds and support their broader financial businesses.

Its offerings include the SEI Wealth Platform, which provides technology and operating infrastructure for wealth management firms; investment processing and administration services; fund accounting and administration; and technology and operational support for investment managers.