Brokerages Set SEI Investments (SEIC) PT at $66.20

Shares of SEI Investments (NASDAQ:SEIC) have earned an average recommendation of “Hold” from the nine research firms that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $66.20.

A number of equities research analysts have recently issued reports on the stock. ValuEngine lowered shares of SEI Investments from a “hold” rating to a “sell” rating in a report on Thursday, April 25th. William Blair reaffirmed a “market perform” rating on shares of SEI Investments in a report on Monday, April 22nd. Keefe, Bruyette & Woods lowered shares of SEI Investments from an “outperform” rating to a “market perform” rating and upped their target price for the stock from $56.00 to $64.00 in a report on Sunday, April 14th. Zacks Investment Research raised shares of SEI Investments from a “hold” rating to a “buy” rating and set a $63.00 target price for the company in a report on Friday, April 12th. Finally, BidaskClub raised shares of SEI Investments from a “sell” rating to a “hold” rating in a report on Tuesday, April 9th.

In other news, VP Kathy Heilig sold 16,000 shares of the company’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $51.50, for a total transaction of $824,000.00. Following the completion of the sale, the vice president now owns 17,891 shares of the company’s stock, valued at $921,386.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Wayne Withrow sold 27,703 shares of the company’s stock in a transaction on Monday, February 25th. The stock was sold at an average price of $52.96, for a total transaction of $1,467,150.88. Following the sale, the insider now directly owns 45,702 shares of the company’s stock, valued at approximately $2,420,377.92. The disclosure for this sale can be found here. Insiders have sold 291,603 shares of company stock valued at $15,368,042 in the last ninety days. Insiders own 22.60% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in SEIC. Federated Investors Inc. PA grew its holdings in shares of SEI Investments by 826.1% in the third quarter. Federated Investors Inc. PA now owns 470,856 shares of the asset manager’s stock valued at $28,769,000 after purchasing an additional 420,015 shares during the period. Confluence Investment Management LLC grew its holdings in shares of SEI Investments by 7.3% in the fourth quarter. Confluence Investment Management LLC now owns 313,742 shares of the asset manager’s stock valued at $14,495,000 after purchasing an additional 21,270 shares during the period. RK Asset Management LLC purchased a new stake in shares of SEI Investments in the fourth quarter valued at about $2,737,000. Cerebellum GP LLC grew its holdings in shares of SEI Investments by 76.3% in the fourth quarter. Cerebellum GP LLC now owns 5,156 shares of the asset manager’s stock valued at $238,000 after purchasing an additional 2,231 shares during the period. Finally, JLB & Associates Inc. grew its holdings in shares of SEI Investments by 0.9% in the fourth quarter. JLB & Associates Inc. now owns 223,698 shares of the asset manager’s stock valued at $10,334,000 after purchasing an additional 2,089 shares during the period. 69.72% of the stock is owned by hedge funds and other institutional investors.

NASDAQ SEIC traded up $0.33 on Friday, hitting $52.93. The company had a trading volume of 462,127 shares, compared to its average volume of 756,280. The firm has a market cap of $8.02 billion, a PE ratio of 16.86, a PEG ratio of 1.38 and a beta of 1.24. SEI Investments has a 12-month low of $42.27 and a 12-month high of $69.44.

SEI Investments (NASDAQ:SEIC) last released its earnings results on Wednesday, April 24th. The asset manager reported $0.73 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.76 by ($0.03). SEI Investments had a return on equity of 29.76% and a net margin of 29.64%. The business had revenue of $400.82 million for the quarter, compared to analysts’ expectations of $404.82 million. During the same period in the previous year, the company earned $0.86 EPS. SEI Investments’s quarterly revenue was down 1.2% compared to the same quarter last year. As a group, research analysts predict that SEI Investments will post 3.18 EPS for the current fiscal year.

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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Analyst Recommendations for SEI Investments (NASDAQ:SEIC)

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