SEI Investments (NASDAQ:SEIC) Price Target Lowered to $69.00 at Piper Sandler

SEI Investments (NASDAQ:SEIC) had its target price trimmed by Piper Sandler from $72.00 to $69.00 in a research note published on Thursday morning, Benzinga reports. The firm currently has a neutral rating on the asset manager’s stock.

Several other research analysts have also recently weighed in on the stock. Oppenheimer lifted their price target on shares of SEI Investments from $77.00 to $80.00 and gave the stock an outperform rating in a research note on Tuesday, April 9th. StockNews.com upgraded SEI Investments from a hold rating to a buy rating in a research report on Saturday, March 2nd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of Hold and a consensus price target of $71.00.

SEI Investments Trading Up 0.1 %

SEIC opened at $66.57 on Thursday. The company has a market cap of $8.76 billion, a P/E ratio of 18.19, a P/E/G ratio of 1.34 and a beta of 1.02. SEI Investments has a 12 month low of $52.19 and a 12 month high of $72.54. The business’s 50-day moving average price is $68.58 and its 200-day moving average price is $63.45.

SEI Investments (NASDAQ:SEIC) last posted its earnings results on Wednesday, April 24th. The asset manager reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.98 by $0.01. SEI Investments had a return on equity of 22.91% and a net margin of 24.80%. The firm had revenue of $511.58 million for the quarter, compared to the consensus estimate of $510.41 million. During the same quarter in the prior year, the business earned $0.79 EPS. The business’s revenue for the quarter was up 9.1% on a year-over-year basis. Equities research analysts forecast that SEI Investments will post 4.14 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, EVP Wayne Withrow sold 16,970 shares of the company’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $66.16, for a total value of $1,122,735.20. Following the completion of the sale, the executive vice president now owns 55,399 shares of the company’s stock, valued at $3,665,197.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Sanjay Sharma sold 15,000 shares of SEI Investments stock in a transaction on Monday, February 12th. The shares were sold at an average price of $67.20, for a total transaction of $1,008,000.00. Following the completion of the sale, the insider now directly owns 16,895 shares of the company’s stock, valued at approximately $1,135,344. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Wayne Withrow sold 16,970 shares of the firm’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $66.16, for a total value of $1,122,735.20. Following the completion of the sale, the executive vice president now owns 55,399 shares in the company, valued at $3,665,197.84. The disclosure for this sale can be found here. Insiders have sold a total of 206,333 shares of company stock valued at $14,481,612 in the last 90 days. 15.50% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in SEIC. VisionPoint Advisory Group LLC lifted its stake in SEI Investments by 67.1% during the third quarter. VisionPoint Advisory Group LLC now owns 513 shares of the asset manager’s stock worth $31,000 after purchasing an additional 206 shares during the last quarter. TFO Wealth Partners LLC raised its holdings in SEI Investments by 6,277.8% during the fourth quarter. TFO Wealth Partners LLC now owns 574 shares of the asset manager’s stock worth $36,000 after purchasing an additional 565 shares in the last quarter. Evolution Advisers Inc. purchased a new stake in shares of SEI Investments during the 4th quarter worth approximately $55,000. Neo Ivy Capital Management acquired a new stake in SEI Investments during the 4th quarter worth $61,000. Finally, Principal Securities Inc. purchased a new stake in SEI Investments in the fourth quarter valued at $66,000. Hedge funds and other institutional investors own 70.59% of the company’s stock.

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.