Morgan Stanley Forecasts Strong Price Appreciation for SEI Investments (NASDAQ:SEIC) Stock

SEI Investments (NASDAQ:SEIC) had its price target boosted by research analysts at Morgan Stanley from $115.00 to $125.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has an “overweight” rating on the asset manager’s stock. Morgan Stanley’s price target points to a potential upside of 25.98% from the stock’s current price.

A number of other equities analysts have also recently commented on the company. Piper Sandler lifted their price target on SEI Investments from $114.00 to $120.00 and gave the stock an “overweight” rating in a report on Thursday. Weiss Ratings reiterated a “buy (b)” rating on shares of SEI Investments in a research note on Friday, July 17th. UBS Group reaffirmed a “buy” rating and set a $125.00 target price on shares of SEI Investments in a research note on Thursday. Keefe, Bruyette & Woods boosted their price objective on SEI Investments from $113.00 to $119.00 and gave the stock an “outperform” rating in a research report on Thursday. Finally, Raymond James Financial lifted their price target on SEI Investments from $122.00 to $124.00 and gave the company an “outperform” rating in a research note on Monday, July 6th. Six analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $122.60.

SEI Investments Stock Up 2.6%

SEIC opened at $99.22 on Thursday. The business has a 50 day moving average of $91.71 and a 200-day moving average of $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 has a 1-year low of $75.08 and a 1-year high of $102.29. The stock has a market capitalization of $11.93 billion, a price-to-earnings ratio of 17.50 and a beta of 0.97.

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

Insider Activity at SEI Investments

In other SEI Investments news, insider Mark Andrew Warner sold 4,000 shares of the business’s stock in a transaction dated Tuesday, April 28th. The shares were sold at an average price of $91.16, for a total value of $364,640.00. Following the transaction, the insider directly owned 921 shares in the company, valued at $83,958.36. The trade was a 81.28% 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, Director Kathryn Mccarthy sold 10,000 shares of the stock in a transaction 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 approximately $7,092,804.81. This trade 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 71,332 shares of company stock valued at $6,278,583 over the last ninety days. Corporate insiders own 4.80% of the company’s stock.

Institutional Investors Weigh In On SEI Investments

Hedge funds and other institutional investors have recently modified their holdings of the stock. Elevation Wealth Partners LLC raised its position in SEI Investments by 96.8% during the second quarter. Elevation Wealth Partners LLC now owns 309 shares of the asset manager’s stock valued at $27,000 after purchasing an additional 152 shares in 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 worth $37,000 after acquiring an additional 132 shares during the last quarter. CIBC Private Wealth Group LLC grew its stake in shares of SEI Investments by 353.1% in the third quarter. CIBC Private Wealth Group LLC now owns 435 shares of the asset manager’s stock worth $37,000 after purchasing an additional 339 shares during the last quarter. Root Financial Partners LLC increased 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 buying an additional 141 shares during the period. Finally, Geneos Wealth Management Inc. increased its position in SEI Investments by 60.2% during the 1st 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. 70.59% of the stock is currently owned by institutional investors.

Key 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.