SEI Investments Company (NASDAQ:SEIC) Stock Has Average Price Target of $125.50 According to Analysts

SEI Investments Company (NASDAQ:SEIC) has been given an average rating of “Buy” by the nine analysts that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $125.50.

SEIC has been the subject of a number of analyst reports. Wall Street Zen downgraded shares of SEI Investments from a “buy” rating to a “hold” rating in a research note on Saturday, October 31st. Keefe, Bruyette & Woods raised their price target on SEI Investments from $113.00 to $119.00 and gave the company an “outperform” rating in a research note on Thursday, July 23rd. Zacks Research cut SEI Investments from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 21st. William Blair raised SEI Investments from a “market perform” rating to an “outperform” rating in a report on Tuesday, September 15th. Finally, UBS Group reaffirmed a “buy” rating and set a $125.00 price objective on shares of SEI Investments in a research report on Thursday, July 23rd.

SEI Investments Stock Down 3.2%

Shares of NASDAQ:SEIC opened at $105.18 on Tuesday. The firm’s 50 day moving average price is $105.66 and its 200 day moving average price is $93.28. The stock has a market cap of $12.47 billion, a price-to-earnings ratio of 18.29 and a beta of 0.97. SEI Investments has a fifty-two week low of $75.08 and a fifty-two week high of $112.15. The company has a quick ratio of 4.23, a current ratio of 4.31 and a debt-to-equity ratio of 0.07.

SEI Investments (NASDAQ:SEIC) last posted its quarterly earnings results on Wednesday, October 21st. The asset manager reported $1.64 EPS for the quarter, topping the consensus estimate of $1.58 by $0.06. SEI Investments had a net margin of 28.06% and a return on equity of 30.14%. The company had revenue of $662.04 million during the quarter, compared to analysts’ expectations of $656.25 million. During the same quarter in the previous year, the business posted $1.30 EPS. The firm’s revenue was up 14.4% on a year-over-year basis. As a group, equities research analysts predict that SEI Investments will post 6.31 earnings per share for the current fiscal year.

Insider Buying and Selling

In other SEI Investments news, CEO Ryan Hicke sold 37,500 shares of the stock in a transaction that occurred on Thursday, September 3rd. The shares were sold at an average price of $110.71, for a total value of $4,151,625.00. Following the transaction, the chief executive officer directly owned 192,815 shares in the company, valued at $21,346,548.65. This represents a 16.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Chairman Alfred West, Jr. sold 5,483 shares of SEI Investments stock in a transaction dated Wednesday, September 30th. The stock was sold at an average price of $103.16, for a total value of $565,626.28. Following the sale, the chairman owned 6,784,574 shares in the company, valued at $699,896,653.84. This trade represents a 0.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 73,777 shares of company stock worth $7,899,863 over the last 90 days. 4.80% of the stock is owned by insiders.

Institutional Trading of SEI Investments

Large investors have recently bought and sold shares of the business. Fifth Third Bancorp lifted its holdings in shares of SEI Investments by 93.9% in the third quarter. Fifth Third Bancorp now owns 48,162 shares of the asset manager’s stock valued at $4,944,000 after purchasing an additional 23,322 shares in the last quarter. King Luther Capital Management Corp grew its position in shares of SEI Investments by 2.2% in the third quarter. King Luther Capital Management Corp now owns 113,571 shares of the asset manager’s stock valued at $11,659,000 after purchasing an additional 2,494 shares during the last quarter. Maryland State Retirement & Pension System increased its stake in shares of SEI Investments by 33.2% during the 3rd quarter. Maryland State Retirement & Pension System now owns 6,832 shares of the asset manager’s stock worth $701,000 after purchasing an additional 1,701 shares in the last quarter. Jacobi Capital Management LLC purchased a new position in shares of SEI Investments during the 3rd quarter worth approximately $47,000. Finally, Illinois Municipal Retirement Fund raised its position in shares of SEI Investments by 0.9% during the 3rd quarter. Illinois Municipal Retirement Fund now owns 44,386 shares of the asset manager’s stock worth $4,557,000 after purchasing an additional 392 shares during the last quarter. Institutional investors and hedge funds own 70.59% of the company’s stock.

About SEI Investments

SEI Investments Company is a financial technology and investment services provider headquartered in Oaks, Pennsylvania. Founded in 1968, the company delivers technology, operations, and investment solutions that help financial institutions and investment professionals manage client assets and business processes.

SEI’s offerings include wealth management and investment processing platforms, portfolio accounting, data management, compliance support, and outsourced middle- and back-office services.