SEI Investments FY2025 EPS Estimate Lifted by William Blair

SEI Investments (NASDAQ:SEIC - Free Report) - Investment analysts at William Blair upped their FY2025 earnings per share estimates for shares of SEI Investments in a research report issued on Thursday, October 24th. William Blair analyst J. Schmitt now expects that the asset manager will post earnings per share of $5.05 for the year, up from their previous estimate of $4.70. The consensus estimate for SEI Investments' current full-year earnings is $4.38 per share.

Several other analysts also recently weighed in on the company. Morgan Stanley lifted their target price on SEI Investments from $70.00 to $75.00 and gave the company an "underweight" rating in a research note on Thursday. Piper Sandler lifted their target price on SEI Investments from $74.00 to $77.00 and gave the company a "neutral" rating in a research note on Thursday. Oppenheimer lifted their target price on SEI Investments from $81.00 to $85.00 and gave the company an "outperform" rating in a research note on Thursday. Finally, Keefe, Bruyette & Woods reissued a "market perform" rating and issued a $73.00 price objective (down previously from $74.00) on shares of SEI Investments in a research note on Thursday, July 25th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $77.50.

SEI Investments Stock Up 0.9 %

SEI Investments stock traded up $0.71 during mid-day trading on Monday, hitting $75.81. 1,004,895 shares of the company's stock traded hands, compared to its average volume of 587,126. The firm has a 50 day moving average price of $69.12 and a 200 day moving average price of $67.41. The company has a market cap of $9.85 billion, a PE ratio of 18.31, a price-to-earnings-growth ratio of 1.43 and a beta of 0.99. SEI Investments has a one year low of $52.95 and a one year high of $76.21.

SEI Investments (NASDAQ:SEIC - Get Free Report) last announced its earnings results on Wednesday, October 23rd. The asset manager reported $1.19 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.12. The firm had revenue of $537.40 million for the quarter, compared to the consensus estimate of $534.08 million. SEI Investments had a return on equity of 24.29% and a net margin of 26.60%. The firm's revenue for the quarter was up 12.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.87 EPS.

SEI Investments declared that its Board of Directors has authorized a share repurchase plan on Tuesday, October 22nd that allows the company to buyback $400.00 million in outstanding shares. This buyback authorization allows the asset manager to buy up to 4.3% of its stock through open market purchases. Stock buyback plans are usually a sign that the company's management believes its stock is undervalued.

Insider Transactions at SEI Investments

In other news, Chairman Alfred P. West, Jr. sold 61,000 shares of the business's stock in a transaction on 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 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Chairman Alfred P. West, Jr. sold 44,163 shares of SEI Investments stock in a transaction on Monday, August 26th. The stock was sold at an average price of $67.55, for a total value of $2,983,210.65. Following the transaction, the chairman now directly owns 7,605,414 shares in the company, valued at $513,745,715.70. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Chairman Alfred P. West, Jr. sold 61,000 shares of SEI Investments stock in a transaction on 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 completion of the transaction, the chairman now owns 7,504,285 shares in the company, valued at $505,488,637.60. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 132,582 shares of company stock valued at $8,942,405. Corporate insiders own 14.30% of the company's stock.

Hedge Funds Weigh In On SEI Investments

A number of hedge funds have recently modified their holdings of the stock. Dimensional Fund Advisors LP grew its holdings in shares of SEI Investments by 19.2% during the second quarter. Dimensional Fund Advisors LP now owns 1,380,311 shares of the asset manager's stock valued at $89,291,000 after buying an additional 222,631 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new position in shares of SEI Investments during the first quarter valued at $14,172,000. Jupiter Asset Management Ltd. purchased a new position in shares of SEI Investments during the second quarter valued at $7,787,000. West Coast Financial LLC grew its holdings in shares of SEI Investments by 120.8% during the second quarter. West Coast Financial LLC now owns 116,128 shares of the asset manager's stock valued at $7,512,000 after buying an additional 63,537 shares in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp grew its holdings in shares of SEI Investments by 67.8% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 145,536 shares of the asset manager's stock valued at $10,376,000 after buying an additional 58,808 shares in the last quarter. 70.59% of the stock is currently owned by institutional investors and hedge funds.

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.