SEI Investments (NASDAQ:SEIC) Stock Rating Reaffirmed by Keefe, Bruyette & Woods

SEI Investments (NASDAQ:SEIC)‘s stock had its “market perform” rating reissued by research analysts at Keefe, Bruyette & Woods in a report released on Thursday, Benzinga reports. They currently have a $74.00 price target on the asset manager’s stock, up from their previous price target of $72.00. Keefe, Bruyette & Woods’ price target indicates a potential upside of 11.16% from the company’s previous close.

SEIC has been the topic of several other research reports. Piper Sandler cut their price objective on SEI Investments from $72.00 to $69.00 and set a “neutral” rating on the stock in a research report on Thursday. Oppenheimer upped their price objective on SEI Investments from $77.00 to $80.00 and gave the company an “outperform” rating in a research report on Tuesday, April 9th. Finally, StockNews.com raised SEI Investments from a “hold” rating to a “buy” rating in a research report on Saturday, March 2nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, SEI Investments currently has an average rating of “Hold” and a consensus price target of $71.00.

SEI Investments Stock Performance

NASDAQ SEIC opened at $66.57 on Thursday. The company has a market cap of $8.76 billion, a P/E ratio of 18.19, a P/E/G ratio of 1.34 and a beta of 1.02. The business’s 50 day moving average price is $68.58 and its 200-day moving average price is $63.41. SEI Investments has a fifty-two week low of $52.19 and a fifty-two week high of $72.54.

SEI Investments (NASDAQ:SEIC) last announced its quarterly earnings data on Wednesday, April 24th. The asset manager reported $0.99 EPS for the quarter, beating the consensus estimate of $0.98 by $0.01. The company had revenue of $511.58 million for the quarter, compared to the consensus estimate of $510.41 million. SEI Investments had a return on equity of 22.91% and a net margin of 24.80%. SEI Investments’s quarterly revenue was up 9.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.79 EPS. As a group, equities analysts predict that SEI Investments will post 4.14 EPS for the current year.

Insiders Place Their Bets

In related news, EVP Wayne Withrow sold 16,970 shares of the company’s stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $66.16, for a total transaction of $1,122,735.20. Following the completion of the sale, the executive vice president now directly owns 55,399 shares in the company, valued at approximately $3,665,197.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, EVP Wayne Withrow sold 16,970 shares of the company’s stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $66.16, for a total transaction of $1,122,735.20. Following the completion of the sale, the executive vice president now directly owns 55,399 shares in the company, valued at approximately $3,665,197.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Paul Klauder sold 2,000 shares of the company’s stock in a transaction on Friday, March 8th. The stock was sold at an average price of $69.80, for a total value of $139,600.00. Following the sale, the executive vice president now owns 20,752 shares of the company’s stock, valued at $1,448,489.60. The disclosure for this sale can be found here. In the last ninety days, insiders sold 206,333 shares of company stock worth $14,481,612. 15.50% of the stock is currently owned by company insiders.

Institutional Trading of SEI Investments

A number of institutional investors have recently bought and sold shares of SEIC. Global Retirement Partners LLC grew its position in SEI Investments by 32.6% during the 1st quarter. Global Retirement Partners LLC now owns 948 shares of the asset manager’s stock worth $68,000 after purchasing an additional 233 shares during the last quarter. Louisiana State Employees Retirement System grew its position in SEI Investments by 2.1% during the 1st quarter. Louisiana State Employees Retirement System now owns 28,700 shares of the asset manager’s stock worth $2,064,000 after purchasing an additional 600 shares during the last quarter. Raymond James & Associates grew its position in SEI Investments by 4.8% during the 1st quarter. Raymond James & Associates now owns 500,573 shares of the asset manager’s stock worth $35,991,000 after purchasing an additional 23,087 shares during the last quarter. State of Michigan Retirement System grew its position in SEI Investments by 1.9% during the 1st quarter. State of Michigan Retirement System now owns 26,624 shares of the asset manager’s stock worth $1,914,000 after purchasing an additional 500 shares during the last quarter. Finally, Procyon Advisors LLC grew its position in SEI Investments by 8.8% during the 1st quarter. Procyon Advisors LLC now owns 31,874 shares of the asset manager’s stock worth $2,292,000 after purchasing an additional 2,584 shares during the last quarter. 70.59% of the stock is currently owned by institutional investors and hedge funds.

About SEI Investments

SEI Investments Company is a publicly owned asset management holding company. Through its subsidiaries, the firm provides wealth management, retirement and investment solutions, asset management, asset administration, investment processing outsourcing solutions, financial services, and investment advisory services to its clients.