SEI Investments (NASDAQ:SEIC) Raised to Strong-Buy at Zacks Research

SEI Investments (NASDAQ:SEIC) was upgraded by stock analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a report issued on Thursday,Zacks.com reports.

Several other analysts have also recently weighed in on SEIC. UBS Group reissued a “buy” rating and issued a $125.00 price objective on shares of SEI Investments in a research note on Thursday. Weiss Ratings reaffirmed a “buy (b)” rating on shares of SEI Investments in a report on Friday, July 17th. Morgan Stanley raised their price objective on SEI Investments from $115.00 to $125.00 and gave the stock an “overweight” rating in a research report on Thursday. 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. Finally, Keefe, Bruyette & Woods raised their price target on shares of SEI Investments from $113.00 to $119.00 and gave the stock an “outperform” rating in a report on Thursday. One investment analyst has rated the stock with a Strong Buy rating and six have assigned a Buy rating to the company. According to MarketBeat, SEI Investments presently has an average rating of “Buy” and a consensus target price of $122.60.

SEI Investments Stock Performance

SEI Investments stock opened at $99.22 on Thursday. The business has a 50 day moving average of $91.71 and a 200-day moving average of $86.14. SEI Investments has a 1 year low of $75.08 and a 1 year high of $102.29. The company has a debt-to-equity ratio of 0.06, a current ratio of 5.06 and a quick ratio of 4.40. The company has a market capitalization of $11.93 billion, a P/E ratio of 17.50 and a beta of 0.97.

SEI Investments (NASDAQ:SEIC) last posted its earnings results on Wednesday, July 22nd. The asset manager reported $1.66 EPS for the quarter, topping the consensus estimate of $1.44 by $0.22. SEI Investments had a net margin of 28.85% and a return on equity of 29.16%. The business had revenue of $641.62 million for the quarter, compared to the consensus estimate of $636.35 million. During the same period last year, the company earned $1.78 EPS. The firm’s revenue was up 14.7% compared to the same quarter last year. On average, equities research analysts predict that SEI Investments will post 6.2 earnings per share for the current year.

Insider Activity

In related news, Chairman Alfred P. West, Jr. sold 50,000 shares of the company’s stock in a transaction that occurred on Friday, June 26th. The stock was sold at an average price of $87.25, for a total transaction of $4,362,500.00. Following the transaction, the chairman directly owned 6,825,783 shares of the company’s stock, valued at approximately $595,549,566.75. This represents a 0.73% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Mark Andrew Warner sold 4,000 shares of the stock in a transaction that occurred on Tuesday, April 28th. The stock was sold at an average price of $91.16, for a total value of $364,640.00. Following the completion of the transaction, the insider owned 921 shares in the company, valued at approximately $83,958.36. The trade was a 81.28% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 71,332 shares of company stock worth $6,278,583. Company insiders own 4.80% of the company’s stock.

Hedge Funds Weigh In On SEI Investments

A number of institutional investors have recently modified their holdings of SEIC. Bank of America Corp DE grew its position in SEI Investments by 4.4% in the 2nd quarter. Bank of America Corp DE now owns 3,160,636 shares of the asset manager’s stock valued at $284,015,000 after purchasing an additional 133,057 shares during the period. Geode Capital Management LLC raised its holdings in SEI Investments by 3.9% during the fourth quarter. Geode Capital Management LLC now owns 2,894,317 shares of the asset manager’s stock worth $237,421,000 after buying an additional 109,974 shares during the last quarter. Lord Abbett & CO. LLC lifted its stake in shares of SEI Investments by 19.2% in the fourth quarter. Lord Abbett & CO. LLC now owns 1,917,370 shares of the asset manager’s stock valued at $157,263,000 after buying an additional 308,988 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of SEI Investments by 1.1% during the first quarter. Dimensional Fund Advisors LP now owns 1,873,198 shares of the asset manager’s stock valued at $146,984,000 after buying an additional 20,054 shares during the last quarter. Finally, First Trust Advisors LP increased its position in shares of SEI Investments by 1.2% during the first quarter. First Trust Advisors LP now owns 1,822,669 shares of the asset manager’s stock worth $143,025,000 after acquiring an additional 21,731 shares in the last quarter. 70.59% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting SEI Investments

Here are the key news stories impacting SEI Investments this week:

• Positive Sentiment: SEI posted Q2 earnings of $1.66 per share, beating estimates, while revenue rose to $641.6 million and sales/AUM metrics topped expectations, reinforcing the view that business momentum remains solid. Article Title
• Positive Sentiment: Management’s Q2 call highlighted record growth and expanding margins, which suggests operating leverage is improving and may support earnings growth ahead. Article Title
• Positive Sentiment: Analysts turned more constructive after earnings: Morgan Stanley raised its price target to $125 with an overweight rating, and Keefe, Bruyette & Woods lifted its target to $119 with an outperform rating, both signaling higher expectations for the stock. Article Title
• Positive Sentiment: Consensus earnings estimates have been revised higher, which often supports shares when investors see improving forward fundamentals. Article Title
• Neutral Sentiment: Recent short-interest data showed no meaningful short position reported, so there is no clear bearish squeeze or short-selling signal driving the move. Article Title

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.