2 weeks Ago By Defense World Staff
SEI Investments (NASDAQ:SEIC – Get Free Report) had its price objective lifted by equities researchers at Piper Sandler from $74.00 to $79.00 in a research note issued on Thursday, Marketbeat Ratings reports.
The brokerage currently has a “neutral” rating on the asset manager’s stock. Piper Sandler’s price objective would suggest a potential upside of 0.52% from the company’s current price.
Several other equities analysts also recently issued reports on the stock. StockNews.com downgraded shares of SEI Investments from a “buy” rating to a “hold” rating in a report on Wednesday, April 16th.
Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $90.00 target price (up previously from $86.00) on shares of SEI Investments in a research note on Thursday, January 30th.
Morgan Stanley upgraded SEI Investments from an “underweight” rating to an “overweight” rating and decreased their price target for the stock from $81.00 to $77.00 in a research report on Monday, April 7th.
Oppenheimer lifted their price objective on SEI Investments from $85.00 to $94.00 and gave the company an “outperform” rating in a research report on Tuesday, January 7th.
Finally, Raymond James upgraded SEI Investments from a “market perform” rating to an “outperform” rating and set a $99.00 target price on the stock in a report on Thursday, January 30th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock.
According to data from MarketBeat, SEI Investments presently has a consensus rating of “Moderate Buy” and a consensus price target of $87.60.Check Out Our Latest Stock Analysis on SEICSEI Investments Trading Down 0.
1 %NASDAQ:SEIC opened at $78.59 on Thursday. The firm has a market capitalization of $9.
88 billion, a PE ratio of 17.78, a PEG ratio of 1.41 and a beta of 0.
90. SEI Investments has a 1 year low of $62.38 and a 1 year high of $87.
25. The firm’s fifty day simple moving average is $75.24 and its 200 day simple moving average is $78.
92. SEI Investments (NASDAQ:SEIC – Get Free Report) last announced its earnings results on Wednesday, April 23rd. The asset manager reported $1.
17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.12 by $0.05.
The business had revenue of $551.34 million for the quarter, compared to analyst estimates of $556.76 million.
SEI Investments had a net margin of 27.35% and a return on equity of 25.51%.
As a group, analysts anticipate that SEI Investments will post 4.86 EPS for the current fiscal year. SEI Investments announced that its Board of Directors has approved a share buyback program on Tuesday, March 18th that allows the company to repurchase $500.
00 million in outstanding shares. This repurchase authorization allows the asset manager to reacquire up to 5.3% of its shares through open market purchases.
Shares repurchase programs are usually an indication that the company’s leadership believes its stock is undervalued. Insider Buying and SellingIn other SEI Investments news, Chairman Alfred P. West, Jr.
sold 1,372 shares of the business’s stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $76.28, for a total transaction of $104,656.
16. Following the sale, the chairman now directly owns 7,078,708 shares of the company’s stock, valued at $539,963,846.24.
The trade was a 0.02 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link.
Also, insider Mark Andrew Warner sold 5,000 shares of the firm’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $80.39, for a total value of $401,950.
00. Following the completion of the transaction, the insider now owns 1,300 shares of the company’s stock, valued at $104,507. The trade was a 79.
37 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 79,214 shares of company stock worth $6,293,903.
14.30% of the stock is owned by insiders. Institutional Investors Weigh In On SEI InvestmentsA number of institutional investors and hedge funds have recently made changes to their positions in the stock.
CoreFirst Bank & Trust acquired a new position in SEI Investments during the fourth quarter worth $31,000. Allworth Financial LP increased its stake in shares of SEI Investments by 53.7% during the 4th quarter.
Allworth Financial LP now owns 452 shares of the asset manager’s stock worth $38,000 after purchasing an additional 158 shares during the last quarter. Versant Capital Management Inc raised its holdings in shares of SEI Investments by 156.1% in the 1st quarter.
Versant Capital Management Inc now owns 543 shares of the asset manager’s stock valued at $42,000 after purchasing an additional 331 shares during the period. First Horizon Advisors Inc. lifted its stake in SEI Investments by 25.
4% in the 4th quarter. First Horizon Advisors Inc. now owns 578 shares of the asset manager’s stock valued at $48,000 after purchasing an additional 117 shares during the last quarter.
Finally, Rialto Wealth Management LLC bought a new position in SEI Investments during the fourth quarter worth about $55,000. Institutional investors own 70.59% of the company’s stock.
About SEI Investments (Get Free Report)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.Recommended StoriesFive stocks we like better than SEI InvestmentsHow to Choose Top Rated StocksShort Sellers Gave Up on These 3 Names RecentlyBiggest Stock Losers – Today’s Biggest Percentage Decliners3 Boring Stocks Outperforming the Market This YearWhat is a Low P/E Ratio and What Does it Tell Investors?If You Wanted To Buy AbbVie and Didn’t, There’s Still Time To Buy.
