SEI Investments Company (NASDAQ:SEIC) Stock Rated “Moderate Buy” by Wall Street Analysts

Shares of SEI Investments Company (NASDAQ:SEIC) have earned an average rating of “Moderate Buy” from the nine analysts that are currently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $123.67.

Several equities research analysts have recently weighed in on SEIC shares. William Blair upgraded shares of SEI Investments from a “market perform” rating to an “outperform” rating in a research note on Tuesday, September 15th. Raymond James Financial increased their price target on shares of SEI Investments from $122.00 to $124.00 and gave the stock an “outperform” rating in a report on Monday, July 6th. Piper Sandler raised their target price on SEI Investments from $114.00 to $120.00 and gave the company an “overweight” rating in a report on Thursday, July 23rd. Zacks Research lowered SEI Investments from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 21st. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of SEI Investments from $113.00 to $119.00 and gave the stock an “outperform” rating in a research report on Thursday, July 23rd.

Insider Buying and Selling at SEI Investments

In related news, insider Philip McCabe sold 5,043 shares of SEI Investments stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $105.50, for a total transaction of $532,036.50. Following the completion of the sale, the insider owned 54,884 shares in the company, valued at approximately $5,790,262. This trade represents a 8.42% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Michael Lane sold 2,400 shares of SEI Investments stock in a transaction dated Tuesday, September 22nd. The stock was sold at an average price of $102.78, for a total transaction of $246,672.00. Following the sale, the executive vice president owned 39,581 shares of the company’s stock, valued at approximately $4,068,135.18. This trade represents a 5.72% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 158,777 shares of company stock valued at $16,642,433. 4.80% of the stock is owned by company insiders.

Hedge Funds Weigh In On SEI Investments

Institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. purchased a new position in SEI Investments in the 2nd quarter worth approximately $870,745,000. Bank of America Corp DE bought a new stake in shares of SEI Investments in the 2nd quarter worth about $255,067,000. Lord Abbett & CO. LLC increased its holdings in 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 during the last quarter. Dimensional Fund Advisors LP raised its position in shares of SEI Investments by 1.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,873,198 shares of the asset manager’s stock valued at $146,984,000 after acquiring an additional 20,054 shares in the last quarter. Finally, First Trust Advisors LP boosted its holdings in shares of SEI Investments by 1.2% in the 1st quarter. First Trust Advisors LP now owns 1,822,669 shares of the asset manager’s stock valued at $143,025,000 after buying an additional 21,731 shares during the period. Institutional investors and hedge funds own 70.59% of the company’s stock.

SEI Investments Price Performance

SEIC stock opened at $105.51 on Friday. 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 business has a 50 day moving average price of $106.39 and a 200 day moving average price of $95.51. The stock has a market cap of $12.66 billion, a price-to-earnings ratio of 18.61 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.

SEI Investments (NASDAQ:SEIC) last announced its quarterly earnings results on Wednesday, July 22nd. The asset manager reported $1.66 earnings per share for the quarter, beating analysts’ consensus estimates of $1.44 by $0.22. The firm had revenue of $641.62 million during the quarter, compared to analysts’ expectations of $636.35 million. SEI Investments had a net margin of 28.85% and a return on equity of 29.16%. SEI Investments’s quarterly revenue was up 14.7% compared to the same quarter last year. During the same period in the previous year, the company earned $1.78 earnings per share. Equities research analysts anticipate that SEI Investments will post 6.21 earnings per share for the current fiscal year.

About SEI Investments

SEI Investments Company (NASDAQ:SEIC) is a global provider of investment processing, management, and operations solutions. The company serves financial institutions, wealth managers, asset managers, investment managers, and institutional investors through technology-enabled platforms and outsourced services.

Its offerings include investment accounting, fund administration, portfolio management, compliance support, wealth management technology, and data and analytics solutions. SEI also provides investment strategies and manages assets for institutions, advisors, and private clients through its investment management business.

Founded in 1968 by Alfred P.