FY2024 EPS Estimates for SEI Investments Raised by Analyst

SEI Investments (NASDAQ:SEIC) – William Blair boosted their FY2024 EPS estimates for shares of SEI Investments in a research report issued on Thursday, October 24th. William Blair analyst J. Schmitt now forecasts that the asset manager will post earnings per share of $4.52 for the year, up from their previous estimate of $4.30. The consensus estimate for SEI Investments’ current full-year earnings is $4.25 per share. William Blair also issued estimates for SEI Investments’ Q4 2024 earnings at $1.29 EPS, Q1 2025 earnings at $1.22 EPS, Q2 2025 earnings at $1.23 EPS, Q3 2025 earnings at $1.25 EPS, Q4 2025 earnings at $1.35 EPS, Q1 2026 earnings at $1.29 EPS, Q2 2026 earnings at $1.31 EPS, Q3 2026 earnings at $1.34 EPS and FY2026 earnings at $5.40 EPS.

SEIC has been the topic of several other research reports. Oppenheimer raised their price target on shares of SEI Investments from $81.00 to $85.00 and gave the stock an “outperform” rating in a research note on Thursday. Piper Sandler lifted their price target on shares of SEI Investments from $74.00 to $77.00 and gave the company a “neutral” rating in a research note on Thursday. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $73.00 price objective (down previously from $74.00) on shares of SEI Investments in a research note on Thursday, July 25th. Finally, Morgan Stanley lifted their target price on SEI Investments from $70.00 to $75.00 and gave the company an “underweight” rating in a research report on Thursday. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $77.50.

SEI Investments Stock Up 5.2 %

SEIC stock opened at $74.41 on Friday. SEI Investments has a twelve month low of $52.19 and a twelve month high of $75.97. The firm has a market cap of $9.67 billion, a price-to-earnings ratio of 19.48, a PEG ratio of 1.39 and a beta of 0.99. The business’s fifty day simple moving average is $68.78 and its two-hundred day simple moving average is $67.37.

SEI Investments (NASDAQ:SEIC) last announced its quarterly earnings data on Wednesday, October 23rd. The asset manager reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.12. SEI Investments had a net margin of 25.44% and a return on equity of 23.25%. The business had revenue of $537.40 million during the quarter, compared to the consensus estimate of $534.08 million. During the same quarter last year, the firm earned $0.87 earnings per share. The firm’s quarterly revenue was up 12.7% compared to the same quarter last year.

SEI Investments announced that its Board of Directors has authorized a share repurchase plan on Tuesday, October 22nd that authorizes the company to buyback $400.00 million in outstanding shares. This buyback authorization authorizes the asset manager to purchase up to 4.3% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.

Insider Buying and Selling

In other news, Chairman Alfred P. West, Jr. sold 44,163 shares of SEI Investments stock in a transaction on Monday, August 26th. The stock was sold at an average price of $67.55, for a total value of $2,983,210.65. Following the transaction, the chairman now directly owns 7,605,414 shares in the company, valued at approximately $513,745,715.70. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other SEI Investments news, Chairman Alfred P. West, Jr. sold 27,419 shares of SEI Investments stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $67.48, for a total value of $1,850,234.12. Following the transaction, the chairman now directly owns 7,649,577 shares of the company’s stock, valued at approximately $516,193,455.96. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Alfred P. West, Jr. sold 44,163 shares of the stock in a transaction on Monday, August 26th. The shares were sold at an average price of $67.55, for a total value of $2,983,210.65. Following the sale, the chairman now owns 7,605,414 shares of the company’s stock, valued at approximately $513,745,715.70. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 132,582 shares of company stock valued at $8,942,405 over the last 90 days. Corporate insiders own 14.30% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in SEIC. Baker Tilly Wealth Management LLC grew its stake in shares of SEI Investments by 22.5% during the third quarter. Baker Tilly Wealth Management LLC now owns 5,537 shares of the asset manager’s stock worth $383,000 after acquiring an additional 1,016 shares during the last quarter. State of Alaska Department of Revenue grew its position in SEI Investments by 0.4% during the 3rd quarter. State of Alaska Department of Revenue now owns 199,610 shares of the asset manager’s stock worth $13,811,000 after purchasing an additional 775 shares during the last quarter. Mediolanum International Funds Ltd grew its position in SEI Investments by 3.1% during the 3rd quarter. Mediolanum International Funds Ltd now owns 20,659 shares of the asset manager’s stock worth $1,429,000 after purchasing an additional 625 shares during the last quarter. International Assets Investment Management LLC increased its stake in SEI Investments by 6,818.9% during the 3rd quarter. International Assets Investment Management LLC now owns 2,560 shares of the asset manager’s stock valued at $177,000 after purchasing an additional 2,523 shares in the last quarter. Finally, Private Advisor Group LLC raised its holdings in shares of SEI Investments by 9.4% in the third quarter. Private Advisor Group LLC now owns 3,550 shares of the asset manager’s stock worth $246,000 after buying an additional 306 shares during the last quarter. 70.59% of the stock is owned by institutional investors and hedge funds.

SEI Investments Company Profile

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.