SEI Investments Company (NASDAQ:SEIC) Given Average Rating of "Moderate Buy" by Brokerages

Key Points

• SEI Investments Company (NASDAQ:SEIC) has been given an average consensus rating of “Moderate Buy” by eight brokerages, with an average twelve-month price target of $104.40.
• Recent insider trading reveals significant sell-offs, with insider Mark Andrew Warner reducing his stake by 79.37%, selling 5,000 shares at an average price of $88.75.
• In its latest earnings report, SEI Investments reported $1.30 earnings per share, exceeding expectations and showing a 7.6% increase in revenue year-over-year.

Shares of SEI Investments Company (NASDAQ:SEIC - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the eight brokerages that are presently covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $104.40.

SEIC has been the topic of several recent research reports. Oppenheimer raised their price target on shares of SEI Investments from $96.00 to $101.00 and gave the company an "outperform" rating in a research report on Tuesday, July 8th. Piper Sandler dropped their price target on shares of SEI Investments from $96.00 to $93.00 and set a "neutral" rating on the stock in a research report on Thursday, July 24th. Keefe, Bruyette & Woods dropped their price target on shares of SEI Investments from $98.00 to $93.00 and set a "market perform" rating on the stock in a research report on Monday, October 13th. Morgan Stanley increased their price objective on shares of SEI Investments from $105.00 to $115.00 and gave the company an "overweight" rating in a research note on Friday, September 19th. Finally, Zacks Research upgraded shares of SEI Investments from a "hold" rating to a "strong-buy" rating in a research note on Monday, October 13th.

Insider Activity

In other SEI Investments news, insider Mark Andrew Warner sold 5,000 shares of the stock in a transaction dated Tuesday, July 29th. The shares were sold at an average price of $88.75, for a total value of $443,750.00. Following the completion of the sale, the insider owned 1,300 shares in the company, valued at approximately $115,375. This trade represents a 79.37% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Carl Guarino sold 10,000 shares of the stock in a transaction dated Tuesday, September 23rd. The shares were sold at an average price of $86.41, for a total transaction of $864,100.00. Following the completion of the sale, the director owned 16,042 shares of the company's stock, valued at approximately $1,386,189.22. This trade represents a 38.40% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 60,000 shares of company stock worth $5,254,950. Corporate insiders own 14.60% of the company's stock.

Institutional Investors Weigh In On SEI Investments

Several large investors have recently modified their holdings of SEIC. SJS Investment Consulting Inc. increased its stake in shares of SEI Investments by 142.9% during the 3rd quarter. SJS Investment Consulting Inc. now owns 357 shares of the asset manager's stock worth $30,000 after purchasing an additional 210 shares during the last quarter. CoreFirst Bank & Trust purchased a new stake in shares of SEI Investments during the 2nd quarter worth approximately $34,000. Addison Advisors LLC increased its stake in shares of SEI Investments by 117.6% during the 2nd quarter. Addison Advisors LLC now owns 457 shares of the asset manager's stock worth $41,000 after purchasing an additional 247 shares during the last quarter. Geneos Wealth Management Inc. increased its stake in shares of SEI Investments by 60.2% during the 1st 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 last quarter. Finally, Harbor Capital Advisors Inc. purchased a new stake in shares of SEI Investments during the 2nd quarter worth approximately $45,000. Hedge funds and other institutional investors own 70.59% of the company's stock.

SEI Investments Stock Performance

Shares of NASDAQ SEIC opened at $81.53 on Friday. SEI Investments has a fifty-two week low of $64.66 and a fifty-two week high of $93.96. The stock has a market cap of $10.08 billion, a price-to-earnings ratio of 14.99, a PEG ratio of 1.23 and a beta of 0.96. The firm's 50-day simple moving average is $86.00 and its 200 day simple moving average is $84.75.

SEI Investments (NASDAQ:SEIC - Get Free Report) last announced its quarterly earnings results on Wednesday, October 22nd. The asset manager reported $1.30 earnings per share for the quarter, beating the consensus estimate of $1.25 by $0.05. SEI Investments had a net margin of 31.09% and a return on equity of 30.60%. The business had revenue of $578.51 million for the quarter, compared to analysts' expectations of $578.75 million. During the same quarter last year, the firm earned $1.19 EPS. The firm's revenue for the quarter was up 7.6% compared to the same quarter last year. On average, sell-side analysts predict that SEI Investments will post 4.86 EPS for the current year.

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.

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