SEI Investments FY2024 EPS Estimate Lifted by Zacks Research

SEI Investments (NASDAQ:SEIC) – Research analysts at Zacks Research increased their FY2024 earnings per share estimates for shares of SEI Investments in a research note issued on Wednesday, November 13th. Zacks Research analyst R. Department now expects that the asset manager will post earnings per share of $4.36 for the year, up from their prior estimate of $4.16. The consensus estimate for SEI Investments’ current full-year earnings is $4.38 per share. Zacks Research also issued estimates for SEI Investments’ Q4 2024 earnings at $1.13 EPS, Q1 2025 earnings at $1.10 EPS, Q2 2025 earnings at $1.14 EPS, Q3 2025 earnings at $1.20 EPS, Q4 2025 earnings at $1.26 EPS, FY2025 earnings at $4.70 EPS, Q1 2026 earnings at $1.22 EPS, Q2 2026 earnings at $1.25 EPS, Q3 2026 earnings at $1.31 EPS and FY2026 earnings at $5.09 EPS.

SEI Investments (NASDAQ:SEIC) last posted its quarterly earnings data on Wednesday, October 23rd. The asset manager reported $1.19 earnings per share for the quarter, topping the consensus estimate of $1.07 by $0.12. SEI Investments had a return on equity of 24.29% and a net margin of 26.60%. The business had revenue of $537.40 million during the quarter, compared to analysts’ expectations of $534.08 million. During the same quarter in the previous year, the firm earned $0.87 EPS. The firm’s revenue was up 12.7% compared to the same quarter last year.

SEIC has been the topic of a number of other research reports. Oppenheimer boosted their target price on shares of SEI Investments from $81.00 to $85.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Morgan Stanley boosted their price objective on shares of SEI Investments from $70.00 to $75.00 and gave the stock an “underweight” rating in a report on Thursday, October 24th. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $73.00 target price (down previously from $74.00) on shares of SEI Investments in a research note on Thursday, July 25th. Finally, Piper Sandler lifted their target price on SEI Investments from $74.00 to $77.00 and gave the stock a “neutral” rating in a research report on Thursday, October 24th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $77.50.

SEI Investments Stock Up 1.1 %

Shares of NASDAQ SEIC opened at $81.52 on Friday. SEI Investments has a 12 month low of $57.43 and a 12 month high of $81.97. The company has a market cap of $10.51 billion, a P/E ratio of 19.69, a P/E/G ratio of 1.54 and a beta of 0.97. The business’s 50 day moving average is $72.06 and its two-hundred day moving average is $68.47.

SEI Investments announced that its Board of Directors has approved a stock repurchase plan on Tuesday, October 22nd that allows the company to buyback $400.00 million in shares. This buyback authorization allows the asset manager to reacquire up to 4.3% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board believes its stock is undervalued.

Insider Buying and Selling

In related news, Chairman Alfred P. West, Jr. sold 27,419 shares of SEI Investments stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $67.48, for a total value of $1,850,234.12. Following the completion of the transaction, the chairman now directly owns 7,649,577 shares of the company’s stock, valued at $516,193,455.96. The trade was a 0.36 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Carmen Romeo sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $79.64, for a total transaction of $398,200.00. Following the transaction, the director now owns 1,577,652 shares in the company, valued at $125,644,205.28. The trade was a 0.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 200,646 shares of company stock valued at $14,115,934 over the last quarter. Corporate insiders own 14.30% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. FMR LLC lifted its stake in shares of SEI Investments by 249.7% during the third quarter. FMR LLC now owns 885,113 shares of the asset manager’s stock valued at $61,241,000 after acquiring an additional 632,024 shares during the period. Dimensional Fund Advisors LP lifted its position in SEI Investments by 19.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,380,311 shares of the asset manager’s stock valued at $89,291,000 after purchasing an additional 222,631 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in shares of SEI Investments in the 1st quarter valued at about $14,172,000. Jupiter Asset Management Ltd. acquired a new stake in shares of SEI Investments during the 2nd quarter worth approximately $7,787,000. Finally, Verition Fund Management LLC raised its stake in shares of SEI Investments by 2,766.3% during the third quarter. Verition Fund Management LLC now owns 111,098 shares of the asset manager’s stock worth $7,687,000 after buying an additional 107,222 shares during the last quarter. 70.59% of the stock is currently owned by institutional investors.

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.