SEI Investments (NASDAQ:SEIC) Now Covered by Wells Fargo & Company

Stock analysts at Wells Fargo & Company initiated coverage on shares of SEI Investments (NASDAQ:SEIC) in a report released on Friday, MarketBeat reports. The brokerage set an “overweight” rating and a $129.00 price target on the asset manager’s stock. Wells Fargo & Company‘s target price points to a potential upside of 25.94% from the company’s previous close.

SEIC has been the subject of several other reports. UBS Group reaffirmed a “buy” rating and issued a $125.00 target price on shares of SEI Investments in a report on Thursday, July 23rd. William Blair raised SEI Investments from a “market perform” rating to an “outperform” rating in a research report on Tuesday, September 15th. Raymond James Financial increased their target price on SEI Investments from $122.00 to $124.00 and gave the company an “outperform” rating in a research note on Monday, July 6th. Piper Sandler boosted their price target on SEI Investments from $114.00 to $120.00 and gave the stock an “overweight” rating in a research note on Thursday, July 23rd. Finally, Keefe, Bruyette & Woods upped their price target on SEI Investments from $113.00 to $119.00 and gave the company an “outperform” rating in a report on Thursday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, SEI Investments has a consensus rating of “Buy” and an average target price of $123.67.

SEI Investments Trading Down 1.4%

SEI Investments stock opened at $102.43 on Friday. The company has a current ratio of 5.06, a quick ratio of 4.96 and a debt-to-equity ratio of 0.06. The business’s fifty day simple moving average is $106.31 and its two-hundred day simple moving average is $94.13. SEI Investments has a 12 month low of $75.08 and a 12 month high of $112.15. The company has a market capitalization of $12.29 billion, a price-to-earnings ratio of 18.07 and a beta of 0.97.

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

Insider Buying and Selling

In other SEI Investments news, Chairman Alfred West, Jr. sold 5,483 shares of SEI Investments stock in a transaction that occurred on Wednesday, September 30th. The shares were sold at an average price of $103.16, for a total value of $565,626.28. Following the completion of the sale, the chairman owned 6,784,574 shares of the company’s stock, valued at approximately $699,896,653.84. The trade was a 0.08% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Kathryn McCarthy sold 10,000 shares of the business’s stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $103.53, for a total transaction of $1,035,300.00. Following the sale, the director owned 77,883 shares of the company’s stock, valued at approximately $8,063,226.99. This represents a 11.38% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 158,777 shares of company stock valued at $16,642,433 in the last ninety days. Corporate insiders own 4.80% of the company’s stock.

Hedge Funds Weigh In On SEI Investments

A number of institutional investors and hedge funds have recently made changes to their positions in SEIC. BlackRock Inc. purchased a new position in shares of SEI Investments during the 2nd quarter worth $870,745,000. Bank of America Corp DE purchased a new stake in shares of SEI Investments in the 2nd quarter worth $255,067,000. Lord Abbett & CO. LLC lifted its position in SEI Investments by 19.2% during 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 purchasing an additional 308,988 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in SEI Investments by 1.1% during the first quarter. Dimensional Fund Advisors LP now owns 1,873,198 shares of the asset manager’s stock valued at $146,984,000 after purchasing an additional 20,054 shares during the period. Finally, First Trust Advisors LP raised its stake in shares of SEI Investments by 1.2% in the first quarter. First Trust Advisors LP now owns 1,822,669 shares of the asset manager’s stock worth $143,025,000 after buying an additional 21,731 shares during the period. Hedge funds and other institutional investors own 70.59% of the company’s stock.

SEI Investments News Summary

Here are the key news stories impacting SEI Investments this week:

• Positive Sentiment: Wells Fargo initiated coverage with an Overweight rating and a $129 price target, implying upside from recent trading levels and adding to SEIC’s positive analyst consensus. Wells Fargo Initiates SEI Investments at Overweight
• Positive Sentiment: SEI’s Singapore expansion is expected to broaden growth opportunities in asset servicing, professional services and UCITS distribution across Asia. The company also appointed dedicated local leadership, strengthening its international operating platform. Can SEIC’s Singapore Push Add Another Leg to Its Growth Story?
• Positive Sentiment: A Zacks technical analysis identified a bullish “hammer” chart pattern after the recent pullback. The report also cited upward earnings-estimate revisions, suggesting potential near-term support and a possible turnaround. SEI Forms Hammer Chart Pattern
• Positive Sentiment: Recent coverage pointed to roughly 15% revenue growth, supporting the view that SEIC’s asset-management, investment-processing and technology businesses retain solid operating momentum. SEI Investments Reports 15 Percent Revenue Growth
• Neutral Sentiment: SEI’s latest reported quarter exceeded earnings and revenue expectations, with EPS of $1.66 versus a $1.44 consensus and revenue up 14.7% year over year. However, EPS declined from the prior-year quarter, tempering the positive results.
• Negative Sentiment: Chairman Alfred West, Jr. sold 33,877 shares for approximately $3.5 million across September 29–30. The transactions reduced his ownership by about 0.5%, a modest negative signal, although he continues to hold more than 6.78 million shares. SEI Investments SEC Insider Trading Filing

SEI Investments Company Profile

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.