Zacks Research Raises Earnings Estimates for SEI Investments

SEI Investments (NASDAQ:SEIC) – Equities researchers at Zacks Research boosted their FY2024 earnings estimates for shares of SEI Investments in a note issued to investors on Wednesday, November 13th. Zacks Research analyst R. Department now expects that the asset manager will post earnings per share of $4.36 for the year, up from their previous forecast of $4.16. The consensus estimate for SEI Investments’ current full-year earnings is $4.38 per share. Zacks Research also issued estimates for SEI Investments’ Q4 2024 earnings at $1.13 EPS, Q1 2025 earnings at $1.10 EPS, Q2 2025 earnings at $1.14 EPS, Q3 2025 earnings at $1.20 EPS, Q4 2025 earnings at $1.26 EPS, FY2025 earnings at $4.70 EPS, Q1 2026 earnings at $1.22 EPS, Q2 2026 earnings at $1.25 EPS, Q3 2026 earnings at $1.31 EPS and FY2026 earnings at $5.09 EPS.

A number of other equities research analysts have also commented on the company. Morgan Stanley raised their price target on SEI Investments from $70.00 to $75.00 and gave the stock an “underweight” rating in a research report on Thursday, October 24th. Piper Sandler lifted their price target on shares of SEI Investments from $74.00 to $77.00 and gave the company a “neutral” rating in a research note on Thursday, October 24th. Oppenheimer upped their price target on shares of SEI Investments from $81.00 to $85.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Finally, Keefe, Bruyette & Woods restated a “market perform” rating and set a $73.00 price objective (down from $74.00) on shares of SEI Investments in a report on Thursday, July 25th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $77.50.

SEI Investments Trading Up 1.1 %

SEIC stock opened at $81.52 on Friday. SEI Investments has a 1-year low of $57.43 and a 1-year high of $81.97. The firm has a market cap of $10.51 billion, a PE ratio of 19.69, a P/E/G ratio of 1.54 and a beta of 0.97. The business’s 50-day moving average price is $72.06 and its two-hundred day moving average price is $68.47.

SEI Investments (NASDAQ:SEIC) last announced its quarterly earnings results on Wednesday, October 23rd. The asset manager reported $1.19 earnings per share for the quarter, topping analysts’ consensus estimates of $1.07 by $0.12. SEI Investments had a net margin of 26.60% and a return on equity of 24.29%. The company had revenue of $537.40 million for the quarter, compared to analysts’ expectations of $534.08 million. During the same period last year, the firm posted $0.87 earnings per share. The business’s quarterly revenue was up 12.7% compared to the same quarter last year.

SEI Investments announced that its board has initiated a stock repurchase plan on Tuesday, October 22nd that allows the company to repurchase $400.00 million in outstanding shares. This repurchase authorization allows the asset manager to reacquire up to 4.3% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling at SEI Investments

In related news, Chairman Alfred P. West, Jr. sold 61,000 shares of SEI Investments stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $67.36, for a total value of $4,108,960.00. Following the sale, the chairman now owns 7,504,285 shares of the company’s stock, valued at approximately $505,488,637.60. The trade was a 0.81 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Michael Peterson sold 10,000 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $79.14, for a total value of $791,400.00. Following the transaction, the executive vice president now directly owns 6,500 shares of the company’s stock, valued at $514,410. This trade represents a 60.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 200,646 shares of company stock worth $14,115,934. Corporate insiders own 14.30% of the company’s stock.

Institutional Investors Weigh In On SEI Investments

Institutional investors and hedge funds have recently made changes to their positions in the stock. First Horizon Advisors Inc. grew its stake in shares of SEI Investments by 101.3% in the third quarter. First Horizon Advisors Inc. now owns 461 shares of the asset manager’s stock valued at $32,000 after buying an additional 232 shares in the last quarter. Fairfield Financial Advisors LTD acquired a new position in shares of SEI Investments during the 2nd quarter worth about $30,000. Livforsakringsbolaget Skandia Omsesidigt raised its holdings in shares of SEI Investments by 925.9% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 554 shares of the asset manager’s stock valued at $38,000 after purchasing an additional 500 shares during the period. Bessemer Group Inc. lifted its stake in SEI Investments by 184.7% in the 1st quarter. Bessemer Group Inc. now owns 595 shares of the asset manager’s stock valued at $43,000 after purchasing an additional 386 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its holdings in SEI Investments by 78.3% during the first quarter. EverSource Wealth Advisors LLC now owns 626 shares of the asset manager’s stock worth $41,000 after purchasing an additional 275 shares during the period. Institutional investors 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.