SEI Investments (NASDAQ:SEIC) Price Target Raised to $125.00

SEI Investments (NASDAQ:SEIC) had its price target boosted by Morgan Stanley from $115.00 to $125.00 in a research note published on Thursday,Benzinga reports. The firm currently has an overweight rating on the asset manager’s stock.

A number of other research analysts have also weighed in on SEIC. Piper Sandler raised their price target on shares of SEI Investments from $114.00 to $120.00 and gave the company an “overweight” rating in a research note on Thursday. UBS Group reiterated a “buy” rating and set a $125.00 price objective on shares of SEI Investments in a research note on Thursday. 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 report on Monday, July 6th. Weiss Ratings restated a “buy (b)” rating on shares of SEI Investments in a research report on Friday, July 17th. Finally, Keefe, Bruyette & Woods lifted their price target on SEI Investments from $113.00 to $119.00 and gave the stock an “outperform” rating in a research note on Thursday. One equities research analyst has rated the stock with a Strong Buy rating and six have given a Buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $122.60.

SEI Investments Stock Performance

SEIC opened at $99.22 on Thursday. The firm’s fifty day simple moving average is $91.71 and its two-hundred day simple moving average is $86.14. SEI Investments has a 52-week low of $75.08 and a 52-week high of $102.29. The company has a market cap of $11.93 billion, a price-to-earnings ratio of 17.50 and a beta of 0.97. The company has a quick ratio of 4.40, a current ratio of 5.06 and a debt-to-equity ratio of 0.06.

SEI Investments (NASDAQ:SEIC) last released its earnings results on Wednesday, July 22nd. The asset manager reported $1.66 EPS for the quarter, topping analysts’ consensus estimates of $1.44 by $0.22. The business had revenue of $641.62 million during the quarter, compared to analysts’ expectations of $636.35 million. SEI Investments had a net margin of 28.85% and a return on equity of 29.16%. The company’s quarterly revenue was up 14.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.78 earnings per share. Equities analysts anticipate that SEI Investments will post 6.2 earnings per share for the current fiscal year.

SEI Investments Dividend Announcement

The firm also recently declared a dividend, which was paid on Tuesday, June 16th. Investors of record on Monday, June 8th were given a dividend of $0.52 per share. The ex-dividend date was Monday, June 8th. This represents a yield of 118.0%. SEI Investments’s payout ratio is presently 18.34%.

Insider Activity at SEI Investments

In other SEI Investments news, Director Kathryn Mccarthy sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $91.07, for a total value of $910,700.00. Following the transaction, the director directly owned 77,883 shares of the company’s stock, valued at $7,092,804.81. This trade represents a 11.38% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman Alfred P. West, Jr. sold 7,332 shares of the business’s stock in a transaction that occurred on Monday, June 29th. The stock was sold at an average price of $87.39, for a total value of $640,743.48. Following the transaction, the chairman owned 6,818,451 shares in the company, valued at approximately $595,864,432.89. This represents a 0.11% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 71,332 shares of company stock valued at $6,278,583. Corporate insiders own 4.80% of the company’s stock.

Hedge Funds Weigh In On SEI Investments

Institutional investors have recently added to or reduced their stakes in the stock. Elevation Wealth Partners LLC boosted its stake in SEI Investments by 96.8% during the second quarter. Elevation Wealth Partners LLC now owns 309 shares of the asset manager’s stock worth $27,000 after buying an additional 152 shares during the last quarter. Allworth Financial LP grew its holdings in 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 buying an additional 132 shares in the last quarter. CIBC Private Wealth Group LLC increased its stake in shares of SEI Investments by 353.1% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 435 shares of the asset manager’s stock worth $37,000 after acquiring an additional 339 shares during the last quarter. Root Financial Partners LLC increased its stake in shares of SEI Investments by 40.8% in the 1st quarter. Root Financial Partners LLC now owns 487 shares of the asset manager’s stock worth $38,000 after acquiring an additional 141 shares during the last quarter. Finally, CX Institutional increased its stake in shares of SEI Investments by 44.6% in the 2nd quarter. CX Institutional now owns 532 shares of the asset manager’s stock worth $47,000 after acquiring an additional 164 shares during the last quarter. Hedge funds and other institutional investors own 70.59% of the company’s stock.

More SEI Investments News

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

• Positive Sentiment: SEI posted Q2 earnings of $1.66 per share, beating estimates, while revenue rose to $641.6 million and sales/AUM metrics topped expectations, reinforcing the view that business momentum remains solid. Article Title
• Positive Sentiment: Management’s Q2 call highlighted record growth and expanding margins, which suggests operating leverage is improving and may support earnings growth ahead. Article Title
• Positive Sentiment: Analysts turned more constructive after earnings: Morgan Stanley raised its price target to $125 with an overweight rating, and Keefe, Bruyette & Woods lifted its target to $119 with an outperform rating, both signaling higher expectations for the stock. Article Title
• Positive Sentiment: Consensus earnings estimates have been revised higher, which often supports shares when investors see improving forward fundamentals. Article Title
• Neutral Sentiment: Recent short-interest data showed no meaningful short position reported, so there is no clear bearish squeeze or short-selling signal driving the move. Article Title

About SEI Investments

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.