SEI Investments' (SEIC) "Market Perform" Rating Reaffirmed at Keefe, Bruyette & Woods

SEI Investments (NASDAQ:SEIC - Get Free Report)'s stock had its "market perform" rating reaffirmed by equities research analysts at Keefe, Bruyette & Woods in a report released on Thursday,Benzinga reports. They currently have a $98.00 price target on the asset manager's stock, down from their previous price target of $100.00. Keefe, Bruyette & Woods' price target points to a potential upside of 10.42% from the stock's current price.

A number of other analysts also recently commented on SEIC. Wall Street Zen upgraded SEI Investments from a "hold" rating to a "buy" rating in a research report on Tuesday, May 20th. William Blair restated a "market perform" rating on shares of SEI Investments in a research report on Thursday, April 24th. Oppenheimer increased their target price on SEI Investments from $96.00 to $101.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 8th. Morgan Stanley reiterated an "overweight" rating and set a $100.00 target price (up from $84.00) on shares of SEI Investments in a research report on Thursday, June 26th. Finally, Piper Sandler dropped their price target on SEI Investments from $96.00 to $93.00 and set a "neutral" rating for the company in a research note on Thursday. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $102.00.

SEI Investments Stock Down 1.4%

SEIC traded down $1.24 during trading on Thursday, hitting $88.75. 978,713 shares of the stock were exchanged, compared to its average volume of 872,179. The firm has a market capitalization of $11.05 billion, a P/E ratio of 16.65, a PEG ratio of 1.46 and a beta of 0.92. SEI Investments has a 1-year low of $62.38 and a 1-year high of $93.96. The stock has a fifty day moving average price of $87.68 and a two-hundred day moving average price of $81.84.

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

Insider Transactions at SEI Investments

In other news, Chairman Alfred P. West, Jr. sold 75,000 shares of the firm's stock in a transaction on Wednesday, May 28th. The stock was sold at an average price of $85.78, for a total value of $6,433,500.00. Following the completion of the sale, the chairman owned 7,003,708 shares of the company's stock, valued at $600,778,072.24. This trade represents a 1.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Sanjay Sharma sold 20,000 shares of the firm's stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $83.40, for a total value of $1,668,000.00. Following the completion of the sale, the insider directly owned 23,895 shares of the company's stock, valued at approximately $1,992,843. This trade represents a 45.56% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 232,126 shares of company stock valued at $19,638,659 in the last quarter. Company insiders own 14.30% of the company's stock.

Institutional Trading of SEI Investments

A number of institutional investors have recently bought and sold shares of the company. Boston Trust Walden Corp lifted its position in shares of SEI Investments by 3.3% in the second quarter. Boston Trust Walden Corp now owns 1,369,674 shares of the asset manager's stock worth $123,079,000 after buying an additional 44,195 shares during the last quarter. Morningstar Investment Management LLC acquired a new stake in shares of SEI Investments in the second quarter worth about $333,000. Moran Wealth Management LLC acquired a new stake in shares of SEI Investments in the second quarter worth about $4,245,000. Envestnet Portfolio Solutions Inc. lifted its position in shares of SEI Investments by 118.6% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 25,363 shares of the asset manager's stock worth $2,279,000 after buying an additional 13,760 shares during the last quarter. Finally, Sequoia Financial Advisors LLC acquired a new stake in shares of SEI Investments in the second quarter worth about $1,244,000. 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.