SEI Investments (NASDAQ:SEIC) Upgraded by Zacks Research to "Strong-Buy" Rating

Key Points

• SEI Investments was upgraded to a "strong-buy" rating by Zacks Research, reflecting increased confidence in the company's potential performance.
• The consensus price target for SEI Investments is $104.40, with a mix of ratings from analysts, including one "strong-buy," four "buy," and three "hold" ratings.
• Insider activity shows significant sell-offs, with the director Carl Guarino selling 10,000 shares and CEO Ryan Hicke selling 35,000 shares recently, indicating potential concerns among insiders.

SEI Investments (NASDAQ:SEIC - Get Free Report) was upgraded by equities researchers at Zacks Research from a "hold" rating to a "strong-buy" rating in a report issued on Monday,Zacks.com reports. Zacks Research also issued estimates for SEI Investments' FY2025 earnings at $5.38 EPS, Q3 2026 earnings at $1.38 EPS, FY2026 earnings at $5.36 EPS, Q2 2027 earnings at $1.43 EPS, Q3 2027 earnings at $1.54 EPS and FY2027 earnings at $5.92 EPS.

Several other brokerages have also recently commented on SEIC. Piper Sandler decreased their price objective on shares of SEI Investments from $96.00 to $93.00 and set a "neutral" rating for the company in a research note on Thursday, July 24th. Oppenheimer lifted their price objective on shares of SEI Investments from $96.00 to $101.00 and gave the company an "outperform" rating in a research note on Tuesday, July 8th. Weiss Ratings restated a "buy (b)" rating on shares of SEI Investments in a research note on Wednesday, October 8th. Keefe, Bruyette & Woods cut their target price on shares of SEI Investments from $98.00 to $93.00 and set a "market perform" rating for the company in a report on Monday. Finally, Morgan Stanley lifted 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. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $104.40.

SEI Investments Stock Performance

NASDAQ:SEIC opened at $83.42 on Monday. The company's 50-day simple moving average is $86.89 and its 200-day simple moving average is $84.45. The stock has a market capitalization of $10.31 billion, a P/E ratio of 15.65, a P/E/G ratio of 1.25 and a beta of 0.96. SEI Investments has a fifty-two week low of $64.66 and a fifty-two week high of $93.96.

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

Insider Activity at SEI Investments

In other news, Director Carl Guarino sold 10,000 shares of the company's stock in a transaction on 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 $1,386,189.22. This represents a 38.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Ryan Hicke sold 35,000 shares of the company's stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $88.30, for a total transaction of $3,090,500.00. Following the sale, the chief executive officer directly owned 171,260 shares of the company's stock, valued at $15,122,258. The trade was a 16.97% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 60,000 shares of company stock worth $5,254,950 in the last quarter. 14.30% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. HBK Sorce Advisory LLC boosted its position in shares of SEI Investments by 0.6% during the 3rd quarter. HBK Sorce Advisory LLC now owns 58,275 shares of the asset manager's stock valued at $4,930,000 after acquiring an additional 341 shares during the last quarter. Marshall Financial Group LLC boosted its position in shares of SEI Investments by 4.8% during the 3rd quarter. Marshall Financial Group LLC now owns 11,699 shares of the asset manager's stock valued at $993,000 after acquiring an additional 536 shares during the last quarter. Cooper Financial Group acquired a new position in shares of SEI Investments during the 3rd quarter valued at about $210,000. Thrive Wealth Management LLC boosted its position in shares of SEI Investments by 104.2% during the 3rd quarter. Thrive Wealth Management LLC now owns 79,296 shares of the asset manager's stock valued at $6,728,000 after acquiring an additional 40,463 shares during the last quarter. Finally, Aaron Wealth Advisors LLC acquired a new position in shares of SEI Investments during the 3rd quarter valued at about $339,000. Institutional investors and hedge funds own 70.59% of the company's stock.

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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