SEI Investments (NASDAQ:SEIC) PT Lowered to $69.00 at Piper Sandler

SEI Investments (NASDAQ:SEIC - Get Free Report) had its price objective dropped by investment analysts at Piper Sandler from $72.00 to $69.00 in a research report issued on Thursday, Benzinga reports. The brokerage currently has a "neutral" rating on the asset manager's stock. Piper Sandler's target price indicates a potential upside of 3.79% from the stock's previous close.

SEIC has been the subject of a number of other reports. Oppenheimer upped their price objective on SEI Investments from $77.00 to $80.00 and gave the stock an "outperform" rating in a report on Tuesday, April 9th. StockNews.com upgraded SEI Investments from a "hold" rating to a "buy" rating in a report on Saturday, March 2nd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, SEI Investments has an average rating of "Hold" and a consensus target price of $71.00.

SEI Investments Stock Performance

SEIC stock traded down $0.12 on Thursday, reaching $66.48. The company had a trading volume of 892,775 shares, compared to its average volume of 581,138. SEI Investments has a 1 year low of $52.19 and a 1 year high of $72.54. The company's fifty day moving average is $68.56 and its 200 day moving average is $63.33. The company has a market cap of $8.74 billion, a P/E ratio of 19.21, a PEG ratio of 1.37 and a beta of 1.02.

SEI Investments (NASDAQ:SEIC - Get Free Report) last issued its quarterly earnings results on Wednesday, April 24th. The asset manager reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.01. The company had revenue of $511.58 million during the quarter, compared to the consensus estimate of $510.41 million. SEI Investments had a return on equity of 22.40% and a net margin of 24.08%. SEI Investments's revenue was up 9.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.79 EPS. On average, sell-side analysts predict that SEI Investments will post 4.08 earnings per share for the current year.

Insider Buying and Selling at SEI Investments

In related news, Chairman Alfred P. West, Jr. sold 150,000 shares of the firm's stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $70.75, for a total transaction of $10,612,500.00. Following the transaction, the chairman now owns 7,884,834 shares in the company, valued at $557,852,005.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other SEI Investments news, EVP Wayne Withrow sold 16,970 shares of SEI Investments stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $66.16, for a total transaction of $1,122,735.20. Following the completion of the sale, the executive vice president now owns 55,399 shares of the company's stock, valued at approximately $3,665,197.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Chairman Alfred P. West, Jr. sold 150,000 shares of the firm's stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $70.75, for a total transaction of $10,612,500.00. Following the transaction, the chairman now owns 7,884,834 shares in the company, valued at approximately $557,852,005.50. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 206,333 shares of company stock worth $14,481,612. 15.50% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Global Retirement Partners LLC grew its stake in SEI Investments by 32.6% during the first quarter. Global Retirement Partners LLC now owns 948 shares of the asset manager's stock worth $68,000 after buying an additional 233 shares during the last quarter. Louisiana State Employees Retirement System raised its holdings in SEI Investments by 2.1% in the first quarter. Louisiana State Employees Retirement System now owns 28,700 shares of the asset manager's stock worth $2,064,000 after purchasing an additional 600 shares during the period. Raymond James & Associates raised its holdings in SEI Investments by 4.8% in the first quarter. Raymond James & Associates now owns 500,573 shares of the asset manager's stock worth $35,991,000 after purchasing an additional 23,087 shares during the period. State of Michigan Retirement System increased its position in shares of SEI Investments by 1.9% during the first quarter. State of Michigan Retirement System now owns 26,624 shares of the asset manager's stock worth $1,914,000 after acquiring an additional 500 shares in the last quarter. Finally, Procyon Advisors LLC increased its position in shares of SEI Investments by 8.8% during the first quarter. Procyon Advisors LLC now owns 31,874 shares of the asset manager's stock worth $2,292,000 after acquiring an additional 2,584 shares in the last quarter. Institutional investors own 70.59% of the company's stock.

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.