SEI Investments Company (NASDAQ:SEIC) Receives $109.67 Average Price Target from Analysts

SEI Investments Company (NASDAQ:SEIC) has received a consensus rating of “Moderate Buy” from the nine research firms that are covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $109.6667.

A number of equities research analysts have recently commented on the stock. Piper Sandler reissued an “overweight” rating and issued a $106.00 price target on shares of SEI Investments in a research note on Friday, February 20th. Morgan Stanley upped their price objective on shares of SEI Investments from $115.00 to $117.00 and gave the company an “overweight” rating in a research note on Tuesday, January 6th. Raymond James Financial reissued an “outperform” rating and issued a $117.00 target price on shares of SEI Investments in a research note on Monday, January 5th. UBS Group initiated coverage on SEI Investments in a report on Wednesday, February 4th. They set a “buy” rating and a $115.00 target price on the stock. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of SEI Investments in a report on Thursday, January 22nd.

SEI Investments Trading Down 1.6%

Shares of SEI Investments stock opened at $75.72 on Monday. The company has a current ratio of 3.29, a quick ratio of 3.20 and a debt-to-equity ratio of 0.04. SEI Investments has a twelve month low of $64.66 and a twelve month high of $93.96. The firm has a market capitalization of $9.26 billion, a PE ratio of 13.45 and a beta of 0.96. The firm’s 50-day moving average price is $81.68 and its 200 day moving average price is $82.81.

SEI Investments (NASDAQ:SEIC) last announced its earnings results on Wednesday, January 28th. The asset manager reported $1.30 EPS for the quarter, missing analysts’ consensus estimates of $1.34 by ($0.04). The firm had revenue of $607.93 million for the quarter, compared to analyst estimates 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 was up 9.1% compared to the same quarter last year. During the same period in the previous year, the company earned $1.19 EPS. On average, sell-side analysts predict that SEI Investments will post 4.86 EPS for the current fiscal year.

Insider Buying and Selling at SEI Investments

In other news, CEO Ryan Hicke sold 80,000 shares of the business’s stock in a transaction dated Thursday, January 29th. The shares were sold at an average price of $87.36, for a total transaction of $6,988,800.00. Following the transaction, the chief executive officer owned 197,164 shares of the company’s stock, valued at approximately $17,224,247.04. The trade was a 28.86% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Mark Andrew Warner sold 4,000 shares of the company’s stock in a transaction dated 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 sale, the insider directly owned 921 shares of the company’s stock, valued at $75,282.54. This represents a 81.28% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 146,447 shares of company stock worth $12,318,659 in the last three months. 14.60% of the stock is owned by corporate insiders.

Institutional Trading of SEI Investments

Several hedge funds have recently made changes to their positions in the company. Hsbc Holdings PLC lifted its holdings in SEI Investments by 185.4% in the fourth quarter. Hsbc Holdings PLC now owns 180,716 shares of the asset manager’s stock valued at $14,895,000 after acquiring an additional 117,400 shares during the last quarter. Rockefeller Capital Management L.P. raised its position in SEI Investments by 25.1% in the fourth quarter. Rockefeller Capital Management L.P. now owns 150,008 shares of the asset manager’s stock valued at $12,304,000 after purchasing an additional 30,122 shares during the period. World Investment Advisors acquired a new position in shares of SEI Investments in the 4th quarter valued at $277,000. SHP Wealth Management acquired a new position in shares of SEI Investments in the 4th quarter valued at $372,000. Finally, Caitong International Asset Management Co. Ltd purchased a new position in shares of SEI Investments during the 4th quarter worth $102,000. Hedge funds and other institutional investors 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.