SEI Investments Company (NASDAQ:SEIC) Receives Consensus Rating of "Moderate Buy" from Analysts

Key Points

• SEI Investments has a “Moderate Buy” consensus rating: Six of seven analysts recommend buying the stock, while one rates it a hold. The average 12-month price target is $122.60, above the reported share price of $106.93.
• Recent quarterly results exceeded expectations: SEI reported adjusted earnings of $1.66 per share versus the $1.44 consensus estimate, while revenue rose 14.7% year over year to $641.62 million.
• Insiders have been selling shares: Company insiders sold 179,832 shares worth approximately $17.9 million over the past 90 days, while institutional investors and hedge funds own 70.59% of the stock.

Shares of SEI Investments Company (NASDAQ:SEIC - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the seven ratings firms that are covering the stock, Marketbeat reports. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $122.60.

SEIC has been the topic of a number of research reports. Morgan Stanley raised their target price on shares of SEI Investments from $115.00 to $125.00 and gave the stock an "overweight" rating in a research note on Thursday, July 23rd. Zacks Research lowered SEI Investments from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 21st. Weiss Ratings reaffirmed a "buy (b)" rating on shares of SEI Investments in a report on Friday, July 17th. Keefe, Bruyette & Woods increased their price target on SEI Investments from $113.00 to $119.00 and gave the company an "outperform" rating in a report on Thursday, July 23rd. Finally, Piper Sandler lifted their price objective on SEI Investments from $114.00 to $120.00 and gave the stock an "overweight" rating in a research report on Thursday, July 23rd.

SEI Investments Stock Performance

Shares of NASDAQ:SEIC opened at $106.93 on Monday. The company has a debt-to-equity ratio of 0.06, a current ratio of 5.06 and a quick ratio of 4.96. SEI Investments has a 1 year low of $75.08 and a 1 year high of $112.15. The firm has a market capitalization of $12.83 billion, a PE ratio of 18.86 and a beta of 0.97. The business's 50 day moving average price is $104.08 and its 200-day moving average price is $91.76.

SEI Investments (NASDAQ:SEIC - Get Free Report) last posted 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. SEI Investments had a return on equity of 29.16% and a net margin of 28.85%.The firm had revenue of $641.62 million during the quarter, compared to the consensus estimate of $636.35 million. During the same period in the prior year, the company earned $1.78 EPS. The firm's revenue was up 14.7% compared to the same quarter last year. As a group, equities research analysts expect that SEI Investments will post 6.2 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Ryan Hicke sold 37,500 shares of the company's stock in a transaction dated Thursday, September 3rd. The shares were 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 approximately $21,346,548.65. This represents a 16.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Mark Warner sold 15,000 shares of the firm's stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $102.35, for a total transaction of $1,535,250.00. Following the sale, the insider owned 921 shares of the company's stock, valued at approximately $94,264.35. The trade was a 94.22% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 179,832 shares of company stock worth $17,897,438. 4.80% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On SEI Investments

Institutional investors and hedge funds have recently bought and sold shares of the company. Oxbow Advisors LLC purchased a new position in SEI Investments in the first quarter worth approximately $3,283,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new stake in SEI Investments during the fourth quarter worth $3,217,000. Lazard Asset Management LLC raised its position in SEI Investments by 85.2% in the first quarter. Lazard Asset Management LLC now owns 38,037 shares of the asset manager's stock valued at $2,985,000 after purchasing an additional 17,504 shares during the period. Jupiter Topco LLC purchased a new stake in SEI Investments in the second quarter valued at $3,958,000. Finally, King Luther Capital Management Corp lifted its stake in shares of SEI Investments by 10.2% in the 4th quarter. King Luther Capital Management Corp now owns 137,439 shares of the asset manager's stock valued at $11,273,000 after purchasing an additional 12,713 shares during the last quarter. 70.59% of the stock is currently owned by institutional investors and hedge funds.

SEI Investments Company Profile

SEI Investments Company is a financial technology and investment solutions provider serving wealth managers, asset managers, institutional investors, banks and family offices. The company combines technology, outsourced operations and investment expertise to help clients manage portfolios, administer funds and support their broader financial businesses.

Its offerings include the SEI Wealth Platform, which provides technology and operating infrastructure for wealth management firms; investment processing and administration services; fund accounting and administration; and technology and operational support for investment managers.

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