FY2024 EPS Estimates for SEI Investments Boosted by Analyst

SEI Investments (NASDAQ:SEIC) – Investment analysts at Zacks Research increased their FY2024 earnings estimates for shares of SEI Investments in a report released on Monday, December 2nd. Zacks Research analyst R. Department now expects that the asset manager will earn $4.37 per share for the year, up from their prior forecast of $4.36. The consensus estimate for SEI Investments’ current full-year earnings is $4.41 per share. Zacks Research also issued estimates for SEI Investments’ Q4 2024 earnings at $1.14 EPS, Q1 2025 earnings at $1.12 EPS, Q2 2025 earnings at $1.16 EPS, Q4 2025 earnings at $1.30 EPS, FY2025 earnings at $4.79 EPS, Q1 2026 earnings at $1.25 EPS, Q2 2026 earnings at $1.28 EPS and FY2026 earnings at $5.18 EPS.

A number of other equities research analysts have also recently commented on the company. Morgan Stanley lifted their target price on SEI Investments from $70.00 to $75.00 and gave the stock an “underweight” rating in a research note on Thursday, October 24th. Oppenheimer lifted their target price on SEI Investments from $81.00 to $85.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Finally, Piper Sandler lifted their target price on SEI Investments from $74.00 to $77.00 and gave the stock a “neutral” rating in a research note on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $77.50.

SEI Investments Price Performance

SEIC opened at $83.82 on Wednesday. The company has a market capitalization of $10.81 billion, a price-to-earnings ratio of 20.03, a P/E/G ratio of 1.54 and a beta of 0.98. The firm’s fifty day moving average price is $75.95 and its two-hundred day moving average price is $69.82. SEI Investments has a 1 year low of $59.48 and a 1 year high of $83.86.

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

Institutional Trading of SEI Investments

Institutional investors have recently made changes to their positions in the stock. Fairfield Financial Advisors LTD bought a new position in shares of SEI Investments in the second quarter worth approximately $30,000. First Horizon Advisors Inc. grew its holdings 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 worth $32,000 after purchasing an additional 232 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt grew its holdings in shares of SEI Investments by 925.9% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 554 shares of the asset manager’s stock worth $38,000 after purchasing an additional 500 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of SEI Investments by 78.3% in 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 last quarter. Finally, Point72 DIFC Ltd bought a new position in shares of SEI Investments in the third quarter worth approximately $45,000. Hedge funds and other institutional investors own 70.59% of the company’s stock.

Insider Activity

In other SEI Investments news, Director Carmen Romeo sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $79.64, for a total value of $398,200.00. Following the completion of the sale, the director now owns 1,577,652 shares of the company’s stock, valued at $125,644,205.28. This represents a 0.32 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Carl Guarino sold 7,564 shares of the company’s stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $75.77, for a total value of $573,124.28. Following the completion of the sale, the director now directly owns 13,867 shares of the company’s stock, valued at approximately $1,050,702.59. This represents a 35.29 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 68,064 shares of company stock worth $5,173,529 over the last ninety days. Company insiders own 14.30% of the company’s stock.

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

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.