SEI Investments (NASDAQ:SEIC – Received Valuation) In a report issued on Tuesday, Morgan Stanley’s equity research analysts lowered the price target from $52.00 to $51.00, Stock Target Advisor reports. Brokerage firms currently rate the stocks of asset managers as ‘underweight’. Morgan Stanley’s price target suggests he could fall 0.10% from the previous close.
Other equity analysts have also published research reports on the company. William Blair reiterated his ‘mkt perform’ rating for SEI Investments shares in its research notes on Monday, July 25. Reduced price from $62.00 to $55.00. Piper Sandler lowered her SEI Investments price target to $61.00 and set an “outperform” rating in her research notes on Wednesday, July 27. Goldman Sachs Group lowered its SEI investment price target to $58.00 in a research note on Friday, July 22nd. Finally, StockNews.com downgraded SEI Investments’ rating from ‘buy’ to ‘hold’ in his Friday, July 22 research note. One analyst issued a sell rating, three analysts issued a hold rating, and two analysts issued a buy rating on the company’s stock. Based on MarketBeat data, the company’s current consensus rating is Hold, with an average price target of $60.33.
SEI Investments Trading Up 1.2 %
NASDAQ:SEIC rose $0.63 on Tuesday to reach $51.05. The company’s stock had a trading volume of 5,642 shares compared to his average trading volume of 535,647 shares. His 50-day moving average for this stock is $54.78 and its 200-day moving average is $55.74. The company has a market capitalization of $6.92 billion, a P/E ratio of 12.24, a price/earnings ratio of 1.10, and a beta of 0.98. SEI Investments has a one-year low of $48.90 and a one-year high of $65.22.
SEI Investments (NASDAQ:SEIC – Get Rating) last announced its quarterly earnings data on Wednesday, July 20. The asset manager reported his earnings per share (EPS) of $0.81 for the quarter. The business reported fourth-quarter revenue of $481.67 million, compared to consensus expectations of $472.18 million. SEI Investments’ net profit margin was 28.53% and return on equity was 30.81%. SEI Investments quarterly revenues increased 1.3% year-over-year. During the same quarter last year, the company earned his EPS of $0.93. As a group, sell-side analysts expect SEI Investments to post 3.71 EPS for the year.
Insider activity at SEI Investments
In related news, major shareholder Alfred P. West, Jr. sold 83,386 shares of the company in a transaction on Thursday, September 15th. The shares were sold at an average price of $55.07 and the total transaction value he was $4,592,067.02. After the sale, insiders now own 9,136,792 shares of the company’s stock, valued at approximately $53,163,135.44. The transaction is disclosed in documents filed with the SEC and available at this hyperlink. In related news, his major shareholder, Alfred P. West, Jr., sold 83,386 shares of the company in a transaction on Thursday, Sept. 15. The shares sold at an average price of $55.07 and the total trading value was his $4,592,067.02. After the sale, insiders now own 9,136,792 shares of the company’s stock, valued at approximately $53,163,135.44. The transaction is disclosed in documents filed with the SEC and available at this hyperlink. EVP Wayne Withrow also sold 15,000 shares of the company’s stock in a transaction on Tuesday, Aug. 9. The shares were sold at an average price of $55.78 for a total of $836,700.00. Following the transaction, the Executive Vice President now directly owns 38,799 shares of the Company’s stock valued at $2,164,208.22. Please see here for the disclosure of this sale. The insider said that in the past 90 days he has sold 133,386 shares of company stock worth $7,359,017. 25.40% of the shares are owned by corporate insiders.
institution inflow and outflow
Several large investors have recently bought and sold SEIC shares. Hazlett Burt & Watson Inc. bought a new position in SEI Investments for $36,000 in the first quarter. Private Trust Co. NA bought a new position worth about $39,000 in shares of SEI Investments in the second quarter. Artemis Wealth Advisors LLC purchased a new position worth approximately $40,000 in his SEI Investments shares in the first quarter. Quadrant Capital Group LLC increased its stake in SEI Investments by 104.6% in the first quarter. Quadrant Capital Group LLC now owns 843 shares of the asset manager worth $51,000 after acquiring an additional 431 shares in the previous quarter. Finally, Dixon Hughes Goodman Wealth Advisors LLC purchased a new position worth approximately $60,000 in SEI Investments stock in the first quarter. 70.50% of the shares are owned by institutional investors.
About SEI Investments
(get rating)
SEI Investments Company is a publicly traded investment management holding company. Through its subsidiaries, the company provides clients with wealth management, retirement and investment solutions, wealth management, wealth management, investment processing outsourcing solutions, financial services, and investment advisory services.
References
This instant news alert was generated by Narrative Science Technology and MarketBeat financial data to provide our readers with the fastest and most accurate reporting. This article was reviewed by MarketBeat’s editorial team prior to publication. Send any questions or comments about this story to contact@marketbeat.com.
Before you consider SEI Investments, you’ll want to hear this.
MarketBeat tracks Wall Street’s most acclaimed and top performing research analysts and the stocks they recommend to clients every day. MarketBeat identified 5 stocks top analysts are quietly whispering to clients to buy now before the broader market catches on…and SEI Investments was not on the list .
SEI Investments currently has a ‘Hold’ rating among analysts, but top-rated analysts believe these five stocks are better buys.
See 5 stocks here
