Zacks Research Forecasts Higher Earnings for SEI Investments

SEI Investments (NASDAQ:SEIC - Free Report) - Stock analysts at Zacks Research upped their FY2024 EPS estimates for shares of SEI Investments in a report issued on Wednesday, November 13th. Zacks Research analyst R. Department now forecasts that the asset manager will post earnings per share of $4.36 for the year, up from their prior estimate 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.

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

SEIC has been the topic of several other reports. Piper Sandler raised their target price on SEI Investments from $74.00 to $77.00 and gave the stock a "neutral" rating in a report on Thursday, October 24th. Keefe, Bruyette & Woods reaffirmed a "market perform" rating and issued a $73.00 target price (down from $74.00) on shares of SEI Investments in a report on Thursday, July 25th. Morgan Stanley lifted their price target on shares of SEI Investments from $70.00 to $75.00 and gave the company an "underweight" rating in a report on Thursday, October 24th. Finally, Oppenheimer raised their price objective on shares of SEI Investments from $81.00 to $85.00 and gave the stock an "outperform" rating in a report on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, SEI Investments has an average rating of "Hold" and a consensus target price of $77.50.

SEI Investments Trading Down 1.6 %

Shares of NASDAQ SEIC traded down $1.29 during trading hours on Friday, hitting $80.23. 536,065 shares of the company traded hands, compared to its average volume of 590,796. SEI Investments has a 12 month low of $57.43 and a 12 month high of $81.97. The company's 50 day moving average price is $72.06 and its 200 day moving average price is $68.47. The stock has a market capitalization of $10.34 billion, a price-to-earnings ratio of 19.69, a price-to-earnings-growth ratio of 1.54 and a beta of 0.97.

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

Insider Activity at SEI Investments

In related news, CEO Ryan Hicke sold 10,000 shares of the company's stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $74.90, for a total transaction of $749,000.00. Following the sale, the chief executive officer now directly owns 147,609 shares in the company, valued at approximately $11,055,914.10. This represents a 6.34 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Carmen Romeo sold 5,000 shares of the stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $79.64, for a total transaction of $398,200.00. Following the transaction, the director now directly owns 1,577,652 shares in the company, valued at approximately $125,644,205.28. This represents a 0.32 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 200,646 shares of company stock valued at $14,115,934 over the last three months. 14.30% of the stock is owned by insiders.

Institutional Trading of SEI Investments

Several hedge funds have recently modified their holdings of SEIC. Dimensional Fund Advisors LP grew its stake in SEI Investments by 19.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,380,311 shares of the asset manager's stock valued at $89,291,000 after acquiring an additional 222,631 shares during the period. Bank of New York Mellon Corp increased its stake in SEI Investments by 3.2% during the second quarter. Bank of New York Mellon Corp now owns 1,186,439 shares of the asset manager's stock worth $76,751,000 after purchasing an additional 36,810 shares during the period. FMR LLC increased its stake in shares of SEI Investments by 249.7% during the third quarter. FMR LLC now owns 885,113 shares of the asset manager's stock worth $61,241,000 after buying an additional 632,024 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of SEI Investments by 2.0% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 546,187 shares of the asset manager's stock worth $37,791,000 after buying an additional 10,576 shares during the period. Finally, Raymond James & Associates increased its stake in SEI Investments by 3.8% in the third quarter. Raymond James & Associates now owns 544,477 shares of the asset manager's stock valued at $37,672,000 after purchasing an additional 19,846 shares during the last quarter. 70.59% of the stock is owned by hedge funds and other institutional investors.

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.