SEI Investments (NASDAQ:SEIC) Receives “Market Perform” Rating from Keefe, Bruyette & Woods

SEI Investments (NASDAQ:SEIC)‘s stock had its “market perform” rating restated by equities research analysts at Keefe, Bruyette & Woods in a research report issued on Thursday, Benzinga reports. They currently have a $74.00 target price on the asset manager’s stock, up from their previous target price of $72.00. Keefe, Bruyette & Woods’ target price would indicate a potential upside of 12.98% from the stock’s previous close.

Other equities analysts have also issued research reports about the stock. Piper Sandler dropped their price target on shares of SEI Investments from $72.00 to $69.00 and set a “neutral” rating on the stock in a research report on Thursday. StockNews.com raised shares of SEI Investments from a “hold” rating to a “buy” rating in a research report on Saturday, March 2nd. Finally, Oppenheimer boosted their target price on shares of SEI Investments from $77.00 to $80.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 9th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, SEI Investments currently has a consensus rating of “Hold” and a consensus target price of $71.00.

SEI Investments Stock Down 1.7 %

Shares of SEI Investments stock traded down $1.10 during trading on Thursday, hitting $65.50. The stock had a trading volume of 118,188 shares, compared to its average volume of 571,146. The stock has a 50 day simple moving average of $68.55 and a 200 day simple moving average of $63.31. The company has a market capitalization of $8.61 billion, a PE ratio of 18.84, a P/E/G ratio of 1.37 and a beta of 1.02. SEI Investments has a 1 year low of $52.19 and a 1 year high of $72.54.

SEI Investments (NASDAQ:SEIC) last posted its quarterly earnings results on Wednesday, April 24th. The asset manager reported $0.99 EPS for the quarter, topping the consensus estimate of $0.98 by $0.01. The business had revenue of $511.58 million during the quarter, compared to analysts’ expectations of $510.41 million. SEI Investments had a net margin of 24.08% and a return on equity of 22.40%. The firm’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same period last year, the company posted $0.79 earnings per share. As a group, equities analysts expect that SEI Investments will post 4.08 earnings per share for the current fiscal year.

Insider Buying and Selling at SEI Investments

In other SEI Investments news, Chairman Alfred P. West, Jr. sold 150,000 shares of the business’s stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $70.75, for a total value of $10,612,500.00. Following the sale, the chairman now owns 7,884,834 shares of the company’s stock, valued at approximately $557,852,005.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, EVP Wayne Withrow sold 16,970 shares of the business’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $66.16, for a total value of $1,122,735.20. Following the sale, the executive vice president now owns 55,399 shares in the company, valued at approximately $3,665,197.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Alfred P. West, Jr. sold 150,000 shares of the business’s stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $70.75, for a total transaction of $10,612,500.00. Following the completion of the sale, the chairman now owns 7,884,834 shares in the company, valued at approximately $557,852,005.50. The disclosure for this sale can be found here. Insiders have sold 206,333 shares of company stock valued at $14,481,612 in the last 90 days. 15.50% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. VisionPoint Advisory Group LLC lifted its position in SEI Investments by 67.1% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 513 shares of the asset manager’s stock worth $31,000 after buying an additional 206 shares in the last quarter. TFO Wealth Partners LLC lifted its position in SEI Investments by 6,277.8% during the 4th quarter. TFO Wealth Partners LLC now owns 574 shares of the asset manager’s stock worth $36,000 after buying an additional 565 shares in the last quarter. Evolution Advisers Inc. acquired a new position in SEI Investments during the 4th quarter worth about $55,000. Global Retirement Partners LLC lifted its position in SEI Investments by 32.6% during the 1st quarter. Global Retirement Partners LLC now owns 948 shares of the asset manager’s stock valued at $68,000 after purchasing an additional 233 shares during the period. Finally, Neo Ivy Capital Management acquired a new position in SEI Investments during the 4th quarter valued at about $61,000. Institutional investors and hedge funds own 70.59% of the company’s stock.

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.