SEI Investments Company (NASDAQ:SEIC) Receives Consensus Recommendation of “Moderate Buy” from Analysts

SEI Investments Company (NASDAQ:SEIC) has earned a consensus rating of “Moderate Buy” from the eight ratings firms that are covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $122.60.

A number of equities research analysts recently commented on the company. Wall Street Zen upgraded SEI Investments from a “hold” rating to a “buy” rating in a research report on Saturday, July 25th. Zacks Research cut SEI Investments from a “strong-buy” rating to a “hold” rating in a report on Friday, August 21st. Morgan Stanley raised their target price on SEI Investments from $115.00 to $125.00 and gave the company an “overweight” rating in a research note on Thursday, July 23rd. Piper Sandler lifted their price target on SEI Investments from $114.00 to $120.00 and gave the company an “overweight” rating in a report on Thursday, July 23rd. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of SEI Investments in a research report on Friday, July 17th.

Insiders Place Their Bets

In other news, insider Mark Warner sold 15,000 shares of the stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $102.35, for a total value of $1,535,250.00. Following the transaction, the insider owned 921 shares of the company’s stock, valued at $94,264.35. This represents a 94.22% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Philip McCabe sold 5,043 shares of SEI Investments stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $105.50, for a total value of $532,036.50. Following the sale, the insider directly owned 54,884 shares of the company’s stock, valued at approximately $5,790,262. This trade represents a 8.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 179,832 shares of company stock valued at $17,897,438 over the last quarter. Company insiders own 4.80% of the company’s stock.

Institutional Investors Weigh In On SEI Investments

Several institutional investors have recently added to or reduced their stakes in the stock. Elevation Wealth Partners LLC lifted its position in SEI Investments by 96.8% during the 2nd quarter. Elevation Wealth Partners LLC now owns 309 shares of the asset manager’s stock worth $27,000 after buying an additional 152 shares in the last quarter. Root Financial Partners LLC lifted its stake in SEI Investments by 40.8% in the first quarter. Root Financial Partners LLC now owns 487 shares of the asset manager’s stock valued at $38,000 after acquiring an additional 141 shares during the last quarter. Western Wealth Management LLC bought a new position in shares of SEI Investments in the 1st quarter valued at about $43,000. Rothschild Investment LLC grew its position in shares of SEI Investments by 266.9% in the 4th quarter. Rothschild Investment LLC now owns 565 shares of the asset manager’s stock valued at $46,000 after acquiring an additional 411 shares during the period. Finally, CX Institutional increased its stake in shares of SEI Investments by 44.6% during the 2nd quarter. CX Institutional now owns 532 shares of the asset manager’s stock worth $47,000 after purchasing an additional 164 shares during the last quarter. 70.59% of the stock is owned by institutional investors.

SEI Investments Trading Up 0.3%

Shares of SEIC stock opened at $105.20 on Monday. The company has a market capitalization of $12.63 billion, a P/E ratio of 18.55 and a beta of 0.97. SEI Investments has a 12-month low of $75.08 and a 12-month high of $112.15. The company has a quick ratio of 4.96, a current ratio of 5.06 and a debt-to-equity ratio of 0.06. The firm has a 50-day moving average price of $105.09 and a 200 day moving average price of $92.51.

SEI Investments (NASDAQ:SEIC) last posted its quarterly earnings data on Wednesday, July 22nd. The asset manager reported $1.66 earnings per share 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 company had revenue of $641.62 million during the quarter, compared to analyst estimates of $636.35 million. During the same quarter last year, the business posted $1.78 earnings per share. The company’s revenue was up 14.7% on a year-over-year basis. Research analysts forecast that SEI Investments will post 6.21 earnings per share for the current fiscal year.

About SEI Investments

SEI Investments Company is a financial technology and investment solutions provider serving wealth managers, asset managers, institutional investors, banks and family offices. The company combines technology, outsourced operations and investment expertise to help clients manage portfolios, administer funds and support their broader financial businesses.

Its offerings include the SEI Wealth Platform, which provides technology and operating infrastructure for wealth management firms; investment processing and administration services; fund accounting and administration; and technology and operational support for investment managers.