SEI Investments (NASDAQ:SEIC) Coverage Initiated by Analysts at Wells Fargo & Company

Key Points

• Wells Fargo initiated coverage of SEI Investments with an Overweight rating and a $129 price target, implying approximately 25.9% upside from the prior close. The broader analyst consensus remains positive, with an average Buy rating and a $123.67 target.
• SEI’s latest quarterly results exceeded expectations, with EPS of $1.66 versus the $1.44 consensus and revenue of $641.62 million versus $636.35 million expected. Revenue increased 14.7% year over year, although EPS declined from the prior-year quarter.
• SEIC shares opened at $102.43 and were trading below their 50-day moving average, while insiders sold approximately $16.6 million of stock over the past 90 days. Institutional investors own 70.59% of the company.

Equities research analysts at Wells Fargo & Company initiated coverage on shares of SEI Investments (NASDAQ:SEIC - Get Free Report) in a note issued to investors on Friday, Marketbeat reports. The brokerage set an "overweight" rating and a $129.00 price target on the asset manager's stock. Wells Fargo & Company's target price suggests a potential upside of 25.94% from the company's previous close.

SEIC has been the subject of several other reports. Keefe, Bruyette & Woods raised their price target on shares of SEI Investments from $113.00 to $119.00 and gave the company an "outperform" rating in a report on Thursday, July 23rd. UBS Group reaffirmed a "buy" rating and issued a $125.00 price target on shares of SEI Investments in a report on Thursday, July 23rd. Piper Sandler lifted their price objective on SEI Investments from $114.00 to $120.00 and gave the company an "overweight" rating in a research note on Thursday, July 23rd. Morgan Stanley boosted their target price on SEI Investments from $115.00 to $125.00 and gave the stock an "overweight" rating in a research report on Thursday, July 23rd. Finally, William Blair raised SEI Investments from a "market perform" rating to an "outperform" rating in a report on Tuesday, September 15th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Buy" and a consensus price target of $123.67.

SEI Investments Trading Down 1.4%

Shares of SEIC opened at $102.43 on Friday. SEI Investments has a twelve month low of $75.08 and a twelve month high of $112.15. The stock has a market cap of $12.29 billion, a PE ratio of 18.07 and a beta of 0.97. The company has a quick ratio of 4.96, a current ratio of 5.06 and a debt-to-equity ratio of 0.06. The business's 50-day moving average price is $106.31 and its 200-day moving average price is $94.13.

SEI Investments (NASDAQ:SEIC - Get Free Report) last released its quarterly earnings data on Wednesday, July 22nd. The asset manager reported $1.66 EPS for the quarter, beating analysts' consensus estimates of $1.44 by $0.22. The company had revenue of $641.62 million during the quarter, compared to analyst estimates of $636.35 million. SEI Investments had a net margin of 28.85% and a return on equity of 29.16%. SEI Investments's revenue was up 14.7% compared to the same quarter last year. During the same period last year, the business earned $1.78 earnings per share. On average, equities analysts forecast that SEI Investments will post 6.21 EPS for the current fiscal year.

Insider Activity

In other SEI Investments news, CEO Ryan Hicke sold 37,500 shares of the company's stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $110.71, for a total value of $4,151,625.00. Following the completion of the sale, the chief executive officer owned 192,815 shares of the company's stock, valued at $21,346,548.65. This represents a 16.28% 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, EVP Michael Lane sold 2,400 shares of SEI Investments stock in a transaction that occurred on Tuesday, September 22nd. The stock was sold at an average price of $102.78, for a total transaction of $246,672.00. Following the transaction, the executive vice president directly owned 39,581 shares in the company, valued at $4,068,135.18. This trade represents a 5.72% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 158,777 shares of company stock valued at $16,642,433. 4.80% of the stock is owned by insiders.

Hedge Funds Weigh In On SEI Investments

Several institutional investors and hedge funds have recently made changes to their positions in SEIC. Elevation Wealth Partners LLC increased its position in shares of SEI Investments by 96.8% in the second quarter. Elevation Wealth Partners LLC now owns 309 shares of the asset manager's stock valued at $27,000 after acquiring an additional 152 shares during the period. Root Financial Partners LLC lifted its holdings in SEI Investments by 40.8% in the 1st quarter. Root Financial Partners LLC now owns 487 shares of the asset manager's stock worth $38,000 after buying an additional 141 shares during the period. CX Institutional grew its position in shares of SEI Investments by 44.6% in the 2nd quarter. CX Institutional now owns 532 shares of the asset manager's stock worth $47,000 after buying an additional 164 shares during the last quarter. Western Wealth Management LLC purchased a new position in shares of SEI Investments during the first quarter valued at approximately $43,000. Finally, Caitlin John LLC purchased a new position in shares of SEI Investments during the second quarter valued at approximately $56,000. 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:

• Positive Sentiment: Wells Fargo initiated coverage with an Overweight rating and a $129 price target, implying upside from recent trading levels and adding to SEIC’s positive analyst consensus. Wells Fargo Initiates SEI Investments at Overweight
• Positive Sentiment: SEI’s Singapore expansion is expected to broaden growth opportunities in asset servicing, professional services and UCITS distribution across Asia. The company also appointed dedicated local leadership, strengthening its international operating platform. Can SEIC's Singapore Push Add Another Leg to Its Growth Story?
• Positive Sentiment: A Zacks technical analysis identified a bullish “hammer” chart pattern after the recent pullback. The report also cited upward earnings-estimate revisions, suggesting potential near-term support and a possible turnaround. SEI Forms Hammer Chart Pattern
• Positive Sentiment: Recent coverage pointed to roughly 15% revenue growth, supporting the view that SEIC’s asset-management, investment-processing and technology businesses retain solid operating momentum. SEI Investments Reports 15 Percent Revenue Growth
• Neutral Sentiment: SEI’s latest reported quarter exceeded earnings and revenue expectations, with EPS of $1.66 versus a $1.44 consensus and revenue up 14.7% year over year. However, EPS declined from the prior-year quarter, tempering the positive results.
• Negative Sentiment: Chairman Alfred West, Jr. sold 33,877 shares for approximately $3.5 million across September 29–30. The transactions reduced his ownership by about 0.5%, a modest negative signal, although he continues to hold more than 6.78 million shares. SEI Investments SEC Insider Trading Filing

SEI Investments Company Profile

SEI Investments Company NASDAQ: SEIC is a global provider of investment processing, management, and operations solutions. The company serves financial institutions, wealth managers, asset managers, investment managers, and institutional investors through technology-enabled platforms and outsourced services.

Its offerings include investment accounting, fund administration, portfolio management, compliance support, wealth management technology, and data and analytics solutions. SEI also provides investment strategies and manages assets for institutions, advisors, and private clients through its investment management business.

Founded in 1968 by Alfred P.