Keefe, Bruyette & Woods Issues Pessimistic Forecast for SEI Investments (NASDAQ:SEIC) Stock Price

Key Points

• Keefe, Bruyette & Woods has lowered its price target for SEI Investments from $98.00 to $93.00, maintaining a "market perform" rating, indicating a potential upside of 12.57% from the current stock price.
• Oppenheimer has increased its target price to $101.00 while four analysts have rated SEI Investments as a Moderate Buy with an average target price of $104.00.
• Insider activity includes significant sales, with CEO Ryan Hicke selling 35,000 shares, and insiders collectively selling 60,000 shares worth over $5 million in the last 90 days.

SEI Investments (NASDAQ:SEIC - Get Free Report) had its price objective dropped by stock analysts at Keefe, Bruyette & Woods from $98.00 to $93.00 in a report released on Monday,Benzinga reports. The brokerage currently has a "market perform" rating on the asset manager's stock. Keefe, Bruyette & Woods' price target indicates a potential upside of 12.57% from the stock's current price.

A number of other equities analysts have also commented on SEIC. Oppenheimer increased their price target on shares of SEI Investments from $96.00 to $101.00 and gave the stock an "outperform" rating in a report on Tuesday, July 8th. Piper Sandler reduced their target price on shares of SEI Investments from $96.00 to $93.00 and set a "neutral" rating on the stock in a report on Thursday, July 24th. Zacks Research lowered shares of SEI Investments from a "strong-buy" rating to a "hold" rating in a report on Monday, September 1st. Morgan Stanley increased their target price on shares of SEI Investments from $105.00 to $115.00 and gave the company an "overweight" rating in a report on Friday, September 19th. Finally, Raymond James Financial raised their price target on shares of SEI Investments from $115.00 to $118.00 and gave the stock an "outperform" rating in a report on Thursday, July 24th. Four equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $104.00.

SEI Investments Stock Performance

SEIC traded up $1.40 during midday trading on Monday, reaching $82.62. The company had a trading volume of 261,000 shares, compared to its average volume of 825,009. The stock has a market cap of $10.21 billion, a PE ratio of 15.50, a P/E/G ratio of 1.23 and a beta of 0.96. SEI Investments has a 12-month low of $64.66 and a 12-month high of $93.96. The business has a 50-day moving average price of $87.10 and a two-hundred day moving average price of $84.42.

SEI Investments (NASDAQ:SEIC - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The asset manager reported $1.78 EPS for the quarter, beating analysts' consensus estimates of $1.18 by $0.60. SEI Investments had a net margin of 31.25% and a return on equity of 29.96%. The company had revenue of $559.60 million for the quarter, compared to analysts' expectations of $550.72 million. During the same period in the prior year, the company posted $1.05 EPS. SEI Investments's revenue was up 7.8% compared to the same quarter last year. On average, research analysts anticipate that SEI Investments will post 4.86 earnings per share for the current year.

Insider Activity at SEI Investments

In related news, CEO Ryan Hicke sold 35,000 shares of SEI Investments stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $88.30, for a total transaction of $3,090,500.00. Following the completion of the transaction, the chief executive officer directly owned 171,260 shares of the company's stock, valued at $15,122,258. This trade represents a 16.97% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Mark Andrew Warner sold 5,000 shares of SEI Investments stock in a transaction dated Tuesday, July 29th. The shares were sold at an average price of $88.75, for a total transaction of $443,750.00. Following the transaction, the insider directly owned 1,300 shares of the company's stock, valued at approximately $115,375. This trade represents a 79.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 60,000 shares of company stock valued at $5,254,950. 14.30% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. CoreFirst Bank & Trust bought a new stake in SEI Investments during the 2nd quarter valued at about $34,000. Addison Advisors LLC grew its position in SEI Investments by 117.6% during the second quarter. Addison Advisors LLC now owns 457 shares of the asset manager's stock valued at $41,000 after buying an additional 247 shares during the period. Harbor Capital Advisors Inc. bought a new stake in SEI Investments during the second quarter valued at approximately $45,000. Thurston Springer Miller Herd & Titak Inc. boosted its position in shares of SEI Investments by 252.1% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 507 shares of the asset manager's stock worth $46,000 after purchasing an additional 363 shares during the period. Finally, Geneos Wealth Management Inc. boosted its position in shares of SEI Investments by 60.2% in the first quarter. Geneos Wealth Management Inc. now owns 532 shares of the asset manager's stock worth $41,000 after purchasing an additional 200 shares during the period. 70.59% of the stock is owned by hedge funds and other institutional investors.

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.

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