SEI Investments (NASDAQ:SEIC) Given New $74.00 Price Target at Piper Sandler

SEI Investments (NASDAQ:SEIC) had its price objective boosted by Piper Sandler from $71.00 to $74.00 in a research note issued to investors on Wednesday, Benzinga reports. Piper Sandler currently has a neutral rating on the asset manager’s stock.

SEIC has been the subject of several other research reports. Oppenheimer lifted their price objective on SEI Investments from $80.00 to $81.00 and gave the company an outperform rating in a research report on Tuesday. Keefe, Bruyette & Woods restated a market perform rating and set a $73.00 target price (down previously from $74.00) on shares of SEI Investments in a research report on Thursday, July 25th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, SEI Investments presently has a consensus rating of Hold and an average price target of $72.25.

SEI Investments Price Performance

SEI Investments stock opened at $70.10 on Wednesday. The company has a market capitalization of $9.21 billion, a PE ratio of 19.15, a price-to-earnings-growth ratio of 1.40 and a beta of 0.99. SEI Investments has a one year low of $52.19 and a one year high of $72.54. The business has a 50 day simple moving average of $67.44 and a 200 day simple moving average of $67.29.

SEI Investments (NASDAQ:SEIC) last issued its quarterly earnings data on Wednesday, July 24th. The asset manager reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.04 by $0.01. SEI Investments had a return on equity of 23.25% and a net margin of 25.44%. The firm had revenue of $518.99 million during the quarter, compared to the consensus estimate of $523.80 million. During the same quarter in the previous year, the company posted $0.89 EPS. The business’s revenue for the quarter was up 6.1% compared to the same quarter last year. Equities analysts anticipate that SEI Investments will post 4.23 earnings per share for the current fiscal year.

Insider Transactions at SEI Investments

In related news, Chairman Alfred P. West, Jr. sold 61,000 shares of SEI Investments stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $67.36, for a total transaction of $4,108,960.00. Following the completion of the sale, the chairman now directly owns 7,504,285 shares of the company’s stock, valued at $505,488,637.60. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, Chairman Alfred P. West, Jr. sold 44,163 shares of SEI Investments stock in a transaction on Monday, August 26th. The stock was sold at an average price of $67.55, for a total transaction of $2,983,210.65. Following the completion of the sale, the chairman now directly owns 7,605,414 shares of the company’s stock, valued at $513,745,715.70. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Chairman Alfred P. West, Jr. sold 61,000 shares of SEI Investments stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $67.36, for a total value of $4,108,960.00. Following the sale, the chairman now directly owns 7,504,285 shares of the company’s stock, valued at approximately $505,488,637.60. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 132,582 shares of company stock worth $8,942,405 over the last 90 days. 14.30% of the stock is owned by insiders.

Institutional Investors Weigh In On SEI Investments

A number of institutional investors have recently made changes to their positions in the stock. IFG Advisory LLC grew its stake in shares of SEI Investments by 0.3% during the second quarter. IFG Advisory LLC now owns 59,228 shares of the asset manager’s stock worth $3,831,000 after purchasing an additional 166 shares during the period. Northwestern Mutual Wealth Management Co. grew its stake in SEI Investments by 16.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,197 shares of the asset manager’s stock valued at $77,000 after acquiring an additional 168 shares during the period. Creative Planning grew its stake in SEI Investments by 2.3% in the third quarter. Creative Planning now owns 8,086 shares of the asset manager’s stock valued at $559,000 after acquiring an additional 182 shares during the period. Diversified Trust Co grew its stake in SEI Investments by 0.4% in the second quarter. Diversified Trust Co now owns 54,212 shares of the asset manager’s stock valued at $3,507,000 after acquiring an additional 202 shares during the period. Finally, Signaturefd LLC grew its stake in SEI Investments by 7.8% in the second quarter. Signaturefd LLC now owns 2,942 shares of the asset manager’s stock valued at $190,000 after acquiring an additional 213 shares during the period. 70.59% of the stock is owned by institutional investors and hedge funds.

SEI Investments Company Profile

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.