SEI Investments Company (NASDAQ:SEIC) Stock Has Consensus Target Price of $123.67 According to Brokerages

Key Points

• Analysts maintain a “Moderate Buy” consensus on SEI Investments, with eight buy ratings and one hold rating. The average 12-month price target is $123.67, above the reported share price of $103.25.
• SEI Investments exceeded quarterly expectations, reporting earnings per share of $1.66 versus the $1.44 consensus estimate and revenue of $641.62 million. Revenue increased 14.7% year over year, while analysts expect $6.21 in full-year EPS.
• Insiders sold 158,777 shares worth approximately $16.6 million during the quarter, while institutional investors and hedge funds own 70.59% of the company.

SEI Investments Company (NASDAQ:SEIC - Get Free Report) has received a consensus rating of "Moderate Buy" from the nine brokerages that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating and eight have issued a buy rating on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $123.67.

SEIC has been the topic of several analyst reports. UBS Group restated a "buy" rating and set a $125.00 price objective on shares of SEI Investments in a report on Thursday, July 23rd. Keefe, Bruyette & Woods upped 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. Wall Street Zen upgraded shares of SEI Investments from a "hold" rating to a "buy" rating in a research note on Saturday, July 25th. William Blair raised shares of SEI Investments from a "market perform" rating to an "outperform" rating in a report on Tuesday, September 15th. Finally, Raymond James Financial upped their target price on shares of SEI Investments from $122.00 to $124.00 and gave the company an "outperform" rating in a research note on Monday, July 6th.

SEI Investments Stock Performance

Shares of SEIC stock opened at $103.25 on Friday. SEI Investments has a 12 month low of $75.08 and a 12 month high of $112.15. The company has a debt-to-equity ratio of 0.06, a current ratio of 5.06 and a quick ratio of 4.96. The firm has a market capitalization of $12.39 billion, a P/E ratio of 18.21 and a beta of 0.97. The company's fifty day moving average price is $106.33 and its two-hundred day moving average price is $94.94.

SEI Investments (NASDAQ:SEIC - Get Free Report) last announced its earnings results on Wednesday, July 22nd. The asset manager reported $1.66 earnings per share 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 company had revenue of $641.62 million during the quarter, compared to the consensus estimate of $636.35 million. During the same period last year, the firm earned $1.78 earnings per share. The company's revenue was up 14.7% on a year-over-year basis. On average, research analysts anticipate that SEI Investments will post 6.21 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Mark Warner sold 15,000 shares of the firm's stock in a transaction on 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 transaction, the insider directly owned 921 shares in the company, valued at $94,264.35. This trade represents a 94.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Sanjay Sharma sold 20,000 shares of SEI Investments stock in a transaction on Friday, July 24th. The stock was sold at an average price of $99.33, for a total transaction of $1,986,600.00. Following the completion of the transaction, the insider directly owned 39,829 shares of the company's stock, valued at approximately $3,956,214.57. This represents a 33.43% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 158,777 shares of company stock worth $16,642,433. 4.80% of the stock is currently owned by insiders.

Institutional Trading of SEI Investments

Institutional investors and hedge funds have recently modified their holdings of the business. Elevation Wealth Partners LLC boosted its holdings in shares of SEI Investments by 96.8% in the 2nd quarter. Elevation Wealth Partners LLC now owns 309 shares of the asset manager's stock valued at $27,000 after buying an additional 152 shares during the period. Root Financial Partners LLC raised its stake in SEI Investments by 40.8% during the first quarter. Root Financial Partners LLC now owns 487 shares of the asset manager's stock worth $38,000 after acquiring an additional 141 shares during the period. CX Institutional lifted its holdings in SEI Investments by 44.6% in the second quarter. CX Institutional now owns 532 shares of the asset manager's stock worth $47,000 after acquiring an additional 164 shares during the last quarter. Western Wealth Management LLC acquired a new position in SEI Investments in the first quarter valued at approximately $43,000. Finally, Caitlin John LLC acquired a new position in SEI Investments in the second quarter valued at approximately $56,000. 70.59% of the stock is owned by institutional investors and hedge funds.

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.

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