William Blair Weighs in on SEI Investments' FY2024 Earnings (NASDAQ:SEIC)

SEI Investments (NASDAQ:SEIC - Free Report) - Investment analysts at William Blair increased their FY2024 earnings per share (EPS) estimates for shares of SEI Investments in a note issued to investors on Monday, October 14th. William Blair analyst J. Schmitt now expects that the asset manager will earn $4.30 per share for the year, up from their prior forecast of $4.25. The consensus estimate for SEI Investments' current full-year earnings is $4.24 per share. William Blair also issued estimates for SEI Investments' Q4 2024 earnings at $1.18 EPS, FY2025 earnings at $4.70 EPS and FY2026 earnings at $5.05 EPS.

Other analysts also recently issued research reports about the company. Piper Sandler raised their price objective on SEI Investments from $71.00 to $74.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 9th. Oppenheimer raised their target price on SEI Investments from $80.00 to $81.00 and gave the company an "outperform" rating in a research note on Tuesday, October 8th. Finally, Keefe, Bruyette & Woods restated a "market perform" rating and issued a $73.00 price objective (down previously from $74.00) on shares of SEI Investments in a research report on Thursday, July 25th. One 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's stock. According to data from MarketBeat.com, SEI Investments has a consensus rating of "Hold" and a consensus price target of $72.25.

SEI Investments Price Performance

Shares of NASDAQ SEIC traded up $0.90 during trading hours on Wednesday, hitting $72.58. 400,513 shares of the stock were exchanged, compared to its average volume of 568,270. The company's 50 day moving average is $67.76 and its 200 day moving average is $67.23. The firm has a market capitalization of $9.54 billion, a P/E ratio of 19.58, a P/E/G ratio of 1.39 and a beta of 0.99. SEI Investments has a one year low of $52.19 and a one year high of $72.67.

SEI Investments (NASDAQ:SEIC - Get Free Report) last released its earnings results on Wednesday, July 24th. The asset manager reported $1.05 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.04 by $0.01. The company had revenue of $518.99 million during the quarter, compared to the consensus estimate of $523.80 million. SEI Investments had a net margin of 25.44% and a return on equity of 23.25%. The company's revenue was up 6.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.89 EPS.

Insider Activity at SEI Investments

In related news, Chairman Alfred P. West, Jr. sold 61,000 shares of SEI Investments stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $67.36, for a total transaction of $4,108,960.00. Following the transaction, the chairman now owns 7,504,285 shares of the company's stock, valued at $505,488,637.60. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Chairman Alfred P. West, Jr. sold 44,163 shares of the firm's stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $67.55, for a total transaction of $2,983,210.65. Following the sale, the chairman now owns 7,605,414 shares of the company's stock, valued at $513,745,715.70. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman Alfred P. West, Jr. sold 61,000 shares of the business's stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $67.36, for a total value of $4,108,960.00. Following the completion of the transaction, the chairman now owns 7,504,285 shares of the company's stock, valued at $505,488,637.60. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 132,582 shares of company stock worth $8,942,405. 14.30% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. SG Americas Securities LLC acquired a new stake in shares of SEI Investments in the 2nd quarter valued at $1,434,000. Mediolanum International Funds Ltd acquired a new position in SEI Investments in the 1st quarter worth about $1,443,000. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of SEI Investments by 20.6% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 62,518 shares of the asset manager's stock valued at $4,495,000 after purchasing an additional 10,670 shares in the last quarter. Russell Investments Group Ltd. boosted its position in SEI Investments by 21.7% during the 1st quarter. Russell Investments Group Ltd. now owns 115,367 shares of the asset manager's stock worth $8,296,000 after buying an additional 20,533 shares during the period. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in SEI Investments in the 1st quarter valued at approximately $14,172,000. Institutional investors and hedge funds 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.