SEI Investments (NASDAQ:SEIC) Sets New 12-Month High - Should You Buy?

Key Points

• SEI Investments shares reached a new 52-week high of $107.13 and last traded near $106.96. Analysts maintain a consensus “Buy” rating, with an average price target of $122.60.
• The company’s latest quarterly results exceeded expectations, with EPS of $1.66 versus the $1.44 consensus and revenue up 14.7% year over year to $641.62 million.
• SEI has strong balance-sheet metrics, including a 0.06 debt-to-equity ratio and 28.85% net margin, though insiders sold 142,332 shares worth approximately $13.7 million during the past quarter.

SEI Investments Company (NASDAQ:SEIC - Get Free Report) shares hit a new 52-week high during trading on Tuesday . The stock traded as high as $107.13 and last traded at $106.9550, with a volume of 62250 shares trading hands. The stock had previously closed at $105.47.

Analyst Ratings Changes

A number of research firms recently weighed in on SEIC. Weiss Ratings reaffirmed a "buy (b)" rating on shares of SEI Investments in a research note on Friday, July 17th. Zacks Research raised SEI Investments from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 23rd. 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. Raymond James Financial upped their target price on SEI Investments from $122.00 to $124.00 and gave the stock an "outperform" rating in a research report on Monday, July 6th. Finally, Piper Sandler increased their target price on SEI Investments from $114.00 to $120.00 and gave the stock an "overweight" rating in a report on Thursday, July 23rd. One analyst has rated the stock with a Strong Buy rating and six have given a Buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of $122.60.

SEI Investments Price Performance

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 business's fifty day moving average price is $96.49 and its 200-day moving average price is $88.21. The stock has a market capitalization of $12.80 billion, a price-to-earnings ratio of 18.83 and a beta of 0.96.

SEI Investments (NASDAQ:SEIC - Get Free Report) last posted its earnings results on Wednesday, July 22nd. The asset manager reported $1.66 earnings per share for the quarter, topping analysts' consensus estimates of $1.44 by $0.22. SEI Investments had a net margin of 28.85% and a return on equity of 29.16%. The company had revenue of $641.62 million for the quarter, compared to analyst estimates of $636.35 million. During the same quarter in the prior year, the business posted $1.78 EPS. The firm's revenue was up 14.7% compared to the same quarter last year. On average, research analysts forecast that SEI Investments Company will post 6.2 EPS for the current year.

SEI Investments Dividend Announcement

The business also recently disclosed a dividend, which was paid on Tuesday, June 16th. Shareholders of record on Monday, June 8th were issued a dividend of $0.52 per share. This represents a yield of 118.0%. The ex-dividend date of this dividend was Monday, June 8th. SEI Investments's payout ratio is currently 18.34%.

Insider Transactions at SEI Investments

In other news, insider Mark Andrew Warner sold 15,000 shares of the firm's stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $102.35, for a total value of $1,535,250.00. Following the transaction, the insider 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Philip Mccabe sold 5,043 shares of SEI Investments stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $105.50, for a total value of $532,036.50. Following the transaction, the insider directly owned 54,884 shares in the company, valued at approximately $5,790,262. The trade was a 8.42% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 142,332 shares of company stock valued at $13,745,813. Corporate insiders own 4.80% of the company's stock.

Hedge Funds Weigh In On SEI Investments

Several large investors have recently bought and sold shares of the stock. Elevation Wealth Partners LLC boosted its holdings in SEI Investments by 96.8% during the 2nd quarter. Elevation Wealth Partners LLC now owns 309 shares of the asset manager's stock worth $27,000 after acquiring an additional 152 shares during the last quarter. CIBC Private Wealth Group LLC raised its holdings in shares of SEI Investments by 353.1% in the third quarter. CIBC Private Wealth Group LLC now owns 435 shares of the asset manager's stock valued at $37,000 after purchasing an additional 339 shares during the last quarter. Root Financial Partners LLC lifted its position in shares of SEI Investments by 40.8% during the first quarter. Root Financial Partners LLC now owns 487 shares of the asset manager's stock valued at $38,000 after purchasing an additional 141 shares in the last quarter. Geneos Wealth Management Inc. lifted its position in shares of SEI Investments by 60.2% during the first quarter. Geneos Wealth Management Inc. now owns 532 shares of the asset manager's stock valued at $41,000 after purchasing an additional 200 shares in the last quarter. Finally, Western Wealth Management LLC purchased a new position in SEI Investments during the first quarter worth about $43,000. 70.59% of the stock is currently owned by institutional investors.

SEI Investments Company Profile

SEI Investments Company is a global provider of asset management, investment processing, and investment operations solutions. The firm offers a range of services designed to help financial institutions, private banks, wealth managers and family offices streamline back-office functions and enhance front-office capabilities. SEI's technology platforms support various stages of the investment lifecycle, including trade execution, performance reporting, risk analytics and client communications.

The company's core offerings include outsourced fund administration, custody and trust services, managed account solutions, and wealth management technology.

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