Keefe, Bruyette & Woods Forecasts Strong Price Appreciation for SEI Investments (NASDAQ:SEIC) Stock

SEI Investments (NASDAQ:SEIC) had its price objective upped by investment analysts at Keefe, Bruyette & Woods from $113.00 to $119.00 in a research note issued on Thursday,Benzinga reports. The firm presently has an “outperform” rating on the asset manager’s stock. Keefe, Bruyette & Woods’ target price indicates a potential upside of 19.94% from the stock’s current price.

Several other research analysts have also issued reports on SEIC. Weiss Ratings reiterated a “buy (b)” rating on shares of SEI Investments in a research note on Friday, July 17th. Raymond James Financial upped their target price on shares of SEI Investments from $122.00 to $124.00 and gave the stock an “outperform” rating in a report on Monday, July 6th. Piper Sandler increased their target price on shares of SEI Investments from $105.00 to $114.00 and gave the stock an “overweight” rating in a research report on Monday, July 13th. Finally, Morgan Stanley lifted their price target on shares of SEI Investments from $113.00 to $115.00 and gave the company an “overweight” rating in a report on Thursday, July 9th. Six research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, SEI Investments currently has a consensus rating of “Moderate Buy” and a consensus price target of $122.60.

SEI Investments Trading Up 2.6%

SEIC stock opened at $99.22 on Thursday. SEI Investments has a 1-year low of $75.08 and a 1-year high of $102.29. The firm has a market cap of $11.93 billion, a P/E ratio of 17.50 and a beta of 0.97. The business’s 50 day moving average is $91.71 and its 200-day moving average is $86.14. The company has a current ratio of 5.06, a quick ratio of 4.40 and a debt-to-equity ratio of 0.06.

SEI Investments (NASDAQ:SEIC) last issued its earnings results on Wednesday, July 22nd. The asset manager reported $1.66 earnings per share (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 return on equity of 29.16% and a net margin of 28.85%.SEI Investments’s quarterly revenue was up 14.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.78 EPS. Equities analysts anticipate that SEI Investments will post 6.2 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other SEI Investments news, Chairman Alfred P. West, Jr. sold 7,332 shares of the stock in a transaction dated Monday, June 29th. The shares were sold at an average price of $87.39, for a total transaction of $640,743.48. Following the sale, the chairman owned 6,818,451 shares of the company’s stock, valued at $595,864,432.89. This represents a 0.11% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Mark Andrew Warner sold 4,000 shares of the firm’s stock in a transaction dated Tuesday, April 28th. The shares were sold at an average price of $91.16, for a total transaction of $364,640.00. Following the completion of the sale, the insider owned 921 shares of the company’s stock, valued at $83,958.36. The trade was a 81.28% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 71,332 shares of company stock valued at $6,278,583 in the last 90 days. 4.80% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Tudor Investment Corp ET AL acquired a new position in shares of SEI Investments during the third quarter valued at $4,811,000. Oxbow Advisors LLC acquired a new stake in SEI Investments in the first quarter worth about $3,283,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new stake in SEI Investments in the fourth quarter worth about $3,217,000. Third View Private Wealth LLC bought a new stake in SEI Investments during the 4th quarter worth about $2,807,000. Finally, M&T Bank Corp acquired a new position in SEI Investments during the 4th quarter valued at about $3,758,000. Institutional investors own 70.59% of the company’s stock.

Key Stories Impacting SEI Investments

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.