Analysts Set SEI Investments Company (NASDAQ:SEIC) Target Price at $104.40

SEI Investments Company (NASDAQ:SEIC) has earned an average rating of “Moderate Buy” from the eight analysts that are presently covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $104.40.

A number of equities analysts recently commented on SEIC shares. Oppenheimer upped their target price on SEI Investments from $96.00 to $101.00 and gave the company an “outperform” rating in a report on Tuesday, July 8th. Morgan Stanley upped their target price on SEI Investments from $105.00 to $115.00 and gave the company an “overweight” rating in a report on Friday, September 19th. Raymond James Financial upped their price objective on shares of SEI Investments from $118.00 to $120.00 and gave the stock an “outperform” rating in a report on Tuesday, October 14th. Piper Sandler decreased their price objective on shares of SEI Investments from $96.00 to $93.00 and set a “neutral” rating for the company in a report on Thursday, July 24th. Finally, Keefe, Bruyette & Woods decreased their price target on shares of SEI Investments from $98.00 to $93.00 and set a “market perform” rating for the company in a research note on Monday, October 13th.

Insider Transactions at SEI Investments

In other news, insider Mark Andrew Warner sold 5,000 shares of the stock in a transaction that occurred on Tuesday, July 29th. The stock was sold at an average price of $88.75, for a total value of $443,750.00. Following the completion of the transaction, the insider owned 1,300 shares of the company’s stock, valued at approximately $115,375. This represents a 79.37% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Ryan Hicke sold 35,000 shares of the stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $88.30, for a total value of $3,090,500.00. Following the completion of the transaction, the chief executive officer owned 171,260 shares of the company’s stock, valued at approximately $15,122,258. This trade represents a 16.97% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 60,000 shares of company stock worth $5,254,950 over the last 90 days. 14.30% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in shares of SEI Investments by 59.9% during the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 12,553 shares of the asset manager’s stock valued at $974,000 after purchasing an additional 4,701 shares in the last quarter. LPL Financial LLC increased its stake in shares of SEI Investments by 6.0% during the first quarter. LPL Financial LLC now owns 93,455 shares of the asset manager’s stock valued at $7,255,000 after purchasing an additional 5,291 shares in the last quarter. Janney Montgomery Scott LLC bought a new position in SEI Investments during the 1st quarter valued at approximately $206,000. FORA Capital LLC bought a new position in SEI Investments during the 1st quarter valued at approximately $990,000. Finally, Deutsche Bank AG increased its position in SEI Investments by 41.9% during the 1st quarter. Deutsche Bank AG now owns 216,212 shares of the asset manager’s stock valued at $16,785,000 after buying an additional 63,810 shares in the last quarter. 70.59% of the stock is owned by hedge funds and other institutional investors.

SEI Investments Stock Performance

Shares of NASDAQ:SEIC opened at $81.91 on Friday. The company has a current ratio of 5.73, a quick ratio of 5.62 and a debt-to-equity ratio of 0.04. The company has a 50-day moving average price of $85.88 and a 200-day moving average price of $85.07. The company has a market cap of $10.13 billion, a price-to-earnings ratio of 15.06, a price-to-earnings-growth ratio of 1.23 and a beta of 0.96. SEI Investments has a 12 month low of $64.66 and a 12 month high of $93.96.

SEI Investments (NASDAQ:SEIC) last posted its earnings results on Wednesday, October 22nd. The asset manager reported $1.30 earnings per share for the quarter, topping analysts’ consensus estimates of $1.25 by $0.05. The company had revenue of $578.51 million during the quarter, compared to analyst estimates of $578.75 million. SEI Investments had a net margin of 31.09% and a return on equity of 30.21%. SEI Investments’s revenue for the quarter was up 7.6% on a year-over-year basis. During the same period in the prior year, the business posted $1.19 earnings per share. As a group, equities analysts anticipate that SEI Investments will post 4.86 EPS for the current year.

SEI Investments declared that its Board of Directors has initiated a stock repurchase program on Friday, October 24th that permits the company to repurchase $650.00 million in shares. This repurchase authorization permits the asset manager to buy up to 6.4% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s board believes its shares are undervalued.

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.