SEI Investments Company (NASDAQ:SEIC) Given Average Rating of “Moderate Buy” by Analysts

SEI Investments Company (NASDAQ:SEICGet Free Report) has been given an average recommendation of “Moderate Buy” by the eight research firms that are presently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $109.20.

Several equities analysts have recently weighed in on the company. Raymond James Financial reiterated an “outperform” rating and issued a $117.00 price target on shares of SEI Investments in a research report on Monday, January 5th. Zacks Research lowered SEI Investments from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 11th. Piper Sandler upped their price target on SEI Investments from $102.00 to $109.00 and gave the company an “overweight” rating in a research report on Thursday. Morgan Stanley raised their price objective on shares of SEI Investments from $115.00 to $117.00 and gave the company an “overweight” rating in a research report on Tuesday, January 6th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of SEI Investments in a report on Thursday, January 22nd.

Get Our Latest Analysis on SEI Investments

Insider Buying and Selling

In other SEI Investments news, Chairman Alfred P. West, Jr. sold 24,770 shares of the company’s stock in a transaction dated Wednesday, December 3rd. The stock was sold at an average price of $80.87, for a total value of $2,003,149.90. Following the transaction, the chairman directly owned 6,942,812 shares in the company, valued at $561,465,206.44. This represents a 0.36% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 14.60% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Precision Wealth Strategies LLC raised its stake in SEI Investments by 10.3% in the fourth quarter. Precision Wealth Strategies LLC now owns 6,390 shares of the asset manager’s stock valued at $524,000 after purchasing an additional 598 shares in the last quarter. Simplicity Wealth LLC increased its holdings in shares of SEI Investments by 14.4% in the 4th quarter. Simplicity Wealth LLC now owns 2,832 shares of the asset manager’s stock worth $232,000 after buying an additional 357 shares during the last quarter. Vest Financial LLC raised its position in shares of SEI Investments by 13.2% during the 4th quarter. Vest Financial LLC now owns 70,824 shares of the asset manager’s stock valued at $5,809,000 after buying an additional 8,281 shares in the last quarter. M&T Bank Corp bought a new stake in shares of SEI Investments during the 4th quarter worth $363,000. Finally, Kestra Private Wealth Services LLC grew its position in SEI Investments by 15.6% in the fourth quarter. Kestra Private Wealth Services LLC now owns 8,930 shares of the asset manager’s stock worth $732,000 after acquiring an additional 1,203 shares in the last quarter. Hedge funds and other institutional investors own 70.59% of the company’s stock.

Trending Headlines about SEI Investments

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

SEI Investments Stock Performance

NASDAQ SEIC opened at $87.85 on Friday. The firm has a market cap of $10.76 billion, a P/E ratio of 15.60 and a beta of 0.97. The company has a quick ratio of 5.62, a current ratio of 3.29 and a debt-to-equity ratio of 0.04. The company’s 50 day moving average is $83.98 and its 200-day moving average is $85.09. SEI Investments has a 12-month low of $64.66 and a 12-month high of $93.96.

SEI Investments (NASDAQ:SEICGet Free Report) last released its quarterly earnings data on Wednesday, January 28th. The asset manager reported $1.38 earnings per share for the quarter, beating analysts’ consensus estimates of $1.34 by $0.04. SEI Investments had a net margin of 31.14% and a return on equity of 30.26%. The business had revenue of $607.93 million during the quarter, compared to analyst estimates of $596.97 million. During the same period in the previous year, the business earned $1.19 EPS. SEI Investments’s revenue was up 9.1% compared to the same quarter last year. Sell-side analysts predict that SEI Investments will post 4.86 earnings per share for the current year.

SEI Investments Dividend Announcement

The company also recently declared a dividend, which was paid on Monday, January 12th. Stockholders of record on Monday, December 29th were issued a $0.52 dividend. The ex-dividend date of this dividend was Monday, December 29th. This represents a dividend yield of 124.0%. SEI Investments’s dividend payout ratio is presently 18.47%.

SEI Investments announced that its Board of Directors has initiated a share buyback program on Friday, October 24th that allows the company to repurchase $650.00 million in outstanding shares. This repurchase authorization allows the asset manager to buy up to 6.4% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board believes its stock is undervalued.

About SEI Investments

(Get Free Report)

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.

Read More

Analyst Recommendations for SEI Investments (NASDAQ:SEIC)

Receive News & Ratings for SEI Investments Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SEI Investments and related companies with MarketBeat.com's FREE daily email newsletter.