SEI Investments (NASDAQ:SEIC) Upgraded at Wall Street Zen

SEI Investments (NASDAQ:SEIC) was upgraded by Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Saturday.

SEIC has been the subject of several other reports. Piper Sandler raised their price objective on shares of SEI Investments from $114.00 to $120.00 and gave the stock an “overweight” rating in a report on Thursday. Weiss Ratings restated a “buy (b)” rating on shares of SEI Investments in a research report on Friday, July 17th. Morgan Stanley raised their price target on SEI Investments from $115.00 to $125.00 and gave the stock an “overweight” rating in a report 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. Finally, Raymond James Financial increased their price objective on SEI Investments from $122.00 to $124.00 and gave the stock an “outperform” rating in a report on Monday, July 6th. Six equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, SEI Investments currently has an average rating of “Moderate Buy” and a consensus target price of $122.60.

SEI Investments Stock Up 2.6%

Shares of NASDAQ SEIC opened at $99.22 on Friday. The company has a debt-to-equity ratio of 0.06, a current ratio of 5.06 and a quick ratio of 4.40. The stock has a market capitalization of $11.93 billion, a PE ratio of 17.50 and a beta of 0.97. SEI Investments has a one year low of $75.08 and a one year high of $102.29. The business’s fifty day moving average price is $91.71 and its 200-day moving average price is $86.14.

SEI Investments (NASDAQ:SEIC) last released its quarterly earnings data on Wednesday, July 22nd. The asset manager reported $1.66 EPS for the quarter, beating the consensus estimate of $1.44 by $0.22. The business had revenue of $641.62 million for the quarter, compared to the consensus estimate of $636.35 million. SEI Investments had a net margin of 28.85% and a return on equity of 29.16%. The company’s revenue was up 14.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.78 earnings per share. On average, equities research analysts anticipate that SEI Investments will post 6.2 EPS for the current year.

Insider Activity at SEI Investments

In other SEI Investments news, Chairman Alfred P. West, Jr. sold 50,000 shares of the company’s stock in a transaction that occurred on Friday, June 26th. The stock was sold at an average price of $87.25, for a total value of $4,362,500.00. Following the completion of the sale, the chairman owned 6,825,783 shares of the company’s stock, valued at $595,549,566.75. This represents a 0.73% decrease in their ownership of the stock. The sale was disclosed in a 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 that occurred on Monday, May 4th. The shares were sold at an average price of $91.07, for a total transaction of $910,700.00. Following the transaction, the director owned 77,883 shares in the company, valued at $7,092,804.81. The trade was a 11.38% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 71,332 shares of company stock valued at $6,278,583. Corporate insiders own 4.80% of the company’s stock.

Institutional Investors Weigh In On SEI Investments

Institutional investors have recently made changes to their positions in the business. Oxbow Advisors LLC bought a new stake in shares of SEI Investments in the 1st quarter valued at about $3,283,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new stake in SEI Investments during the 4th quarter valued at about $3,217,000. Third View Private Wealth LLC bought a new position in SEI Investments during the 4th quarter worth approximately $2,807,000. Tudor Investment Corp ET AL purchased a new position in SEI Investments in the 3rd quarter worth approximately $4,811,000. Finally, M&T Bank Corp purchased a new position in SEI Investments in the 4th quarter worth approximately $3,758,000. Hedge funds and other institutional investors own 70.59% of the company’s stock.

SEI Investments News Roundup

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.