SEI Investments (NASDAQ:SEIC) Rating Reiterated by Keefe, Bruyette & Woods

Keefe, Bruyette & Woods restated their market perform rating on shares of SEI Investments (NASDAQ:SEIC) in a research report report published on Thursday, Benzinga reports. The firm currently has a $74.00 price target on the asset manager’s stock, up from their prior price target of $72.00.

Several other brokerages have also commented on SEIC. Piper Sandler decreased their price objective on shares of SEI Investments from $72.00 to $69.00 and set a neutral rating for the company 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 increased their price objective on shares of SEI Investments from $77.00 to $80.00 and gave the company an outperform rating in a research report on Tuesday, April 9th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of Hold and an average price target of $71.00.

SEI Investments Price Performance

Shares of SEIC stock traded up $0.34 during mid-day trading on Thursday, hitting $66.82. 113,158 shares of the stock traded hands, compared to its average volume of 575,296. The stock has a market cap of $8.79 billion, a P/E ratio of 18.16, a P/E/G ratio of 1.36 and a beta of 1.02. The stock’s fifty day moving average is $68.56 and its two-hundred day moving average is $63.33. SEI Investments has a 52-week low of $52.19 and a 52-week high of $72.54.

SEI Investments (NASDAQ:SEIC) last released its quarterly earnings results on Wednesday, April 24th. The asset manager reported $0.99 EPS for the quarter, beating the consensus estimate of $0.98 by $0.01. The business had revenue of $511.58 million during the quarter, compared to analyst estimates of $510.41 million. SEI Investments had a net margin of 24.80% and a return on equity of 23.40%. The company’s quarterly revenue was up 9.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.79 earnings per share. As a group, equities analysts forecast that SEI Investments will post 4.08 EPS for the current fiscal year.

Insider Buying and Selling

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

Institutional Investors Weigh In On SEI Investments

Institutional investors have recently added to or reduced their stakes in the stock. VisionPoint Advisory Group LLC lifted its holdings in SEI Investments by 67.1% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 513 shares of the asset manager’s stock valued at $31,000 after purchasing an additional 206 shares in the last quarter. TFO Wealth Partners LLC lifted its holdings in SEI Investments by 6,277.8% in the 4th quarter. TFO Wealth Partners LLC now owns 574 shares of the asset manager’s stock valued at $36,000 after purchasing an additional 565 shares in the last quarter. Evolution Advisers Inc. purchased a new position in SEI Investments in the 4th quarter valued at $55,000. Global Retirement Partners LLC lifted its holdings in SEI Investments by 32.6% in 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 in the last quarter. Finally, Neo Ivy Capital Management purchased a new position in SEI Investments in the 4th quarter valued at $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.