SEI Investments Company (NASDAQ:SEIC) Receives $109.20 Consensus Target Price from Analysts

Shares of SEI Investments Company (NASDAQ:SEIC) have been assigned a consensus recommendation of “Moderate Buy” from the eight analysts that are covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $109.20.

Several equities analysts have recently issued reports on SEIC shares. Piper Sandler upped their price objective on shares of SEI Investments from $102.00 to $109.00 and gave the company an “overweight” rating in a report on Thursday, January 29th. Keefe, Bruyette & Woods upped their price target on shares of SEI Investments from $97.00 to $102.00 and gave the company an “outperform” rating in a research note on Thursday, January 8th. Zacks Research cut shares of SEI Investments from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 11th. Morgan Stanley boosted their price objective on shares of SEI Investments from $115.00 to $117.00 and gave the company an “overweight” rating in a report on Tuesday, January 6th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of SEI Investments in a research note on Thursday, January 22nd.

SEI Investments Stock Performance

Shares of SEIC opened at $84.13 on Friday. The company has a current ratio of 3.29, a quick ratio of 3.20 and a debt-to-equity ratio of 0.04. The firm has a market cap of $10.30 billion, a PE ratio of 14.94 and a beta of 0.95. SEI Investments has a 12 month low of $64.66 and a 12 month high of $93.96. The stock has a fifty day moving average price of $84.25 and a 200-day moving average price of $84.95.

SEI Investments (NASDAQ:SEIC) last announced its earnings results on Wednesday, January 28th. The asset manager reported $1.38 earnings per share for the quarter, topping the consensus estimate of $1.34 by $0.04. SEI Investments had a return on equity of 30.26% and a net margin of 31.14%.The firm had revenue of $607.93 million for the quarter, compared to the consensus estimate of $596.97 million. During the same period in the previous year, the business earned $1.19 EPS. The firm’s revenue for the quarter was up 9.1% on a year-over-year basis. Equities research analysts predict that SEI Investments will post 4.86 earnings per share for the current fiscal year.

SEI Investments Dividend Announcement

The company also recently disclosed a dividend, which was paid on Monday, January 12th. Stockholders of record on Monday, December 29th were paid a $0.52 dividend. This represents a dividend yield of 124.0%. The ex-dividend date was Monday, December 29th. SEI Investments’s dividend payout ratio (DPR) is presently 18.47%.

SEI Investments announced that its board has approved a share buyback program on Friday, October 24th that permits the company to buyback $650.00 million in shares. This buyback authorization permits the asset manager to buy up to 6.4% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s leadership believes its stock is undervalued.

Insider Activity at SEI Investments

In other news, Chairman Alfred P. West, Jr. sold 24,770 shares of the stock in a transaction on Wednesday, December 3rd. The shares were sold at an average price of $80.87, for a total value of $2,003,149.90. Following the sale, the chairman owned 6,942,812 shares in the company, valued at $561,465,206.44. This represents a 0.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Ryan Hicke sold 80,000 shares of the firm’s stock in a transaction on Thursday, January 29th. The stock was sold at an average price of $87.36, for a total transaction of $6,988,800.00. Following the transaction, the chief executive officer directly owned 197,164 shares of the company’s stock, valued at approximately $17,224,247.04. This trade represents a 28.86% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 14.30% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On SEI Investments

Several institutional investors and hedge funds have recently modified their holdings of SEIC. Root Financial Partners LLC acquired a new stake in SEI Investments during the third quarter worth about $28,000. SJS Investment Consulting Inc. grew its stake in shares of SEI Investments by 142.9% during the 3rd quarter. SJS Investment Consulting Inc. now owns 357 shares of the asset manager’s stock worth $30,000 after purchasing an additional 210 shares during the period. CoreFirst Bank & Trust acquired a new stake in shares of SEI Investments during the 2nd quarter worth approximately $34,000. Community Bank N.A. purchased a new position in shares of SEI Investments during the 3rd quarter valued at approximately $35,000. Finally, Allworth Financial LP lifted its stake in shares of SEI Investments by 44.0% in the 3rd quarter. Allworth Financial LP now owns 432 shares of the asset manager’s stock valued at $37,000 after purchasing an additional 132 shares during the period. Institutional investors and hedge funds own 70.59% of the company’s stock.

SEI Investments Company Profile

SEI Investments Company is a global provider of asset management, investment processing, and investment operations solutions. The firm offers a range of services designed to help financial institutions, private banks, wealth managers and family offices streamline back-office functions and enhance front-office capabilities. SEI’s technology platforms support various stages of the investment lifecycle, including trade execution, performance reporting, risk analytics and client communications.

The company’s core offerings include outsourced fund administration, custody and trust services, managed account solutions, and wealth management technology.