Analysts Set SEI Investments Company (NASDAQ:SEIC) Target Price at $103.00

Shares of SEI Investments Company (NASDAQ:SEIC) have been assigned an average recommendation of “Moderate Buy” from the eight ratings firms that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $103.00.

A number of research analysts have weighed in on SEIC shares. Morgan Stanley reduced their price target on shares of SEI Investments from $119.00 to $108.00 and set an “overweight” rating on the stock in a research report on Thursday, April 2nd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of SEI Investments in a research report on Tuesday, April 21st. Raymond James Financial reaffirmed an “outperform” rating and set a $82.00 price target on shares of SEI Investments in a research report on Wednesday, April 29th. Keefe, Bruyette & Woods lifted their price target on shares of SEI Investments from $95.00 to $107.00 and gave the company an “outperform” rating in a research report on Thursday, April 23rd. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $105.00 price target (up from $99.00) on shares of SEI Investments in a research report on Thursday, April 23rd.

SEI Investments Price Performance

Shares of SEI Investments stock opened at $88.80 on Friday. SEI Investments has a twelve month low of $75.08 and a twelve month high of $93.96. The stock has a market capitalization of $10.68 billion, a P/E ratio of 15.15 and a beta of 0.97. The company has a current ratio of 4.52, a quick ratio of 4.40 and a debt-to-equity ratio of 0.07. The business’s fifty day moving average price is $86.31 and its 200 day moving average price is $83.78.

SEI Investments (NASDAQ:SEIC) last released its quarterly earnings data on Wednesday, April 22nd. The asset manager reported $1.44 earnings per share for the quarter, beating the consensus estimate of $1.29 by $0.15. The business had revenue of $622.18 million for the quarter, compared to analyst estimates of $641.82 million. SEI Investments had a return on equity of 30.70% and a net margin of 31.17%.The company’s revenue was up 12.9% compared to the same quarter last year. During the same period in the previous year, the company posted $1.17 EPS. As a group, research analysts anticipate that SEI Investments will post 5.89 earnings per share for the current year.

SEI Investments Dividend Announcement

The firm also recently declared a dividend, which will be paid on Tuesday, June 16th. Shareholders of record on Monday, June 8th will be given a dividend of $0.52 per share. This represents a yield of 118.0%. The ex-dividend date of this dividend is Monday, June 8th. SEI Investments’s payout ratio is 17.75%.

Insider Buying and Selling at SEI Investments

In other SEI Investments news, insider Philip Mccabe sold 15,000 shares of SEI Investments stock in a transaction that occurred on Thursday, April 23rd. The shares were sold at an average price of $91.82, for a total transaction of $1,377,300.00. Following the transaction, the insider directly owned 54,884 shares of the company’s stock, valued at $5,039,448.88. The trade was a 21.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Mark Andrew Warner sold 4,000 shares of SEI Investments stock in a transaction that occurred on Tuesday, April 28th. The shares were sold at an average price of $91.16, for a total transaction of $364,640.00. Following the sale, the insider owned 921 shares in the company, valued at $83,958.36. This represents a 81.28% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 54,000 shares of company stock valued at $4,905,640. 4.80% of the stock is currently owned by corporate insiders.

Institutional Trading of SEI Investments

Hedge funds have recently made changes to their positions in the company. Community Bank N.A. purchased a new stake in shares of SEI Investments during the third quarter valued at approximately $35,000. Allworth Financial LP raised its stake in shares of SEI Investments by 44.0% during the third 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. CIBC Private Wealth Group LLC raised its stake in shares of SEI Investments by 353.1% during the third quarter. CIBC Private Wealth Group LLC now owns 435 shares of the asset manager’s stock valued at $37,000 after purchasing an additional 339 shares during the period. Root Financial Partners LLC raised its stake in shares of SEI Investments by 40.8% during the first quarter. Root Financial Partners LLC now owns 487 shares of the asset manager’s stock valued at $38,000 after purchasing an additional 141 shares during the period. Finally, Geneos Wealth Management Inc. raised its stake in shares of SEI Investments by 60.2% during the first quarter. Geneos Wealth Management Inc. now owns 532 shares of the asset manager’s stock valued at $41,000 after purchasing an additional 200 shares during the period. Hedge funds and other institutional investors 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.