William Blair Forecasts Higher Earnings for SEI Investments

SEI Investments (NASDAQ:SEIC) – Equities research analysts at William Blair boosted their FY2024 earnings estimates for shares of SEI Investments in a research note issued on Thursday, October 24th. William Blair analyst J. Schmitt now forecasts that the asset manager will post earnings per share of $4.52 for the year, up from their prior forecast of $4.30. The consensus estimate for SEI Investments’ current full-year earnings is $4.25 per share. William Blair also issued estimates for SEI Investments’ Q4 2024 earnings at $1.29 EPS, Q1 2025 earnings at $1.22 EPS, Q2 2025 earnings at $1.23 EPS, Q3 2025 earnings at $1.25 EPS, Q4 2025 earnings at $1.35 EPS, Q1 2026 earnings at $1.29 EPS, Q2 2026 earnings at $1.31 EPS, Q3 2026 earnings at $1.34 EPS and FY2026 earnings at $5.40 EPS.

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

SEI Investments Stock Up 0.9 %

Shares of SEI Investments stock opened at $75.10 on Friday. The business has a 50 day moving average of $68.94 and a 200 day moving average of $67.38. SEI Investments has a 52 week low of $52.19 and a 52 week high of $75.97. The company has a market cap of $9.75 billion, a PE ratio of 19.66, a P/E/G ratio of 1.39 and a beta of 0.99.

SEI Investments (NASDAQ:SEIC) last announced its quarterly earnings results on Wednesday, October 23rd. The asset manager reported $1.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.07 by $0.12. The company 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 23.25% and a net margin of 25.44%. SEI Investments’s revenue was up 12.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.87 EPS.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in SEIC. Dimensional Fund Advisors LP boosted its position in 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 purchasing an additional 222,631 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in shares of SEI Investments during the 1st quarter worth approximately $14,172,000. Jupiter Asset Management Ltd. bought a new position in shares of SEI Investments during the 2nd quarter worth approximately $7,787,000. West Coast Financial LLC boosted its stake in SEI Investments by 120.8% in the second quarter. West Coast Financial LLC now owns 116,128 shares of the asset manager’s stock valued at $7,512,000 after acquiring an additional 63,537 shares in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp boosted its stake in SEI Investments by 67.8% in 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 acquiring an additional 58,808 shares in the last quarter. 70.59% of the stock is currently owned by institutional investors.

Insider Transactions at SEI Investments

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 completion of the transaction, the chairman now owns 7,605,414 shares in the company, valued at $513,745,715.70. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, Chairman Alfred P. West, Jr. sold 44,163 shares of SEI Investments stock in a transaction dated 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 completion of the transaction, the chairman now owns 7,605,414 shares in the company, valued at approximately $513,745,715.70. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Chairman Alfred P. West, Jr. sold 61,000 shares of SEI Investments stock in a transaction that occurred 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 of the company’s stock, valued at approximately $505,488,637.60. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 132,582 shares of company stock valued at $8,942,405 over the last 90 days. Company insiders own 14.30% of the company’s stock.

SEI Investments declared that its Board of Directors has authorized a stock buyback program on Tuesday, October 22nd that allows the company to buyback $400.00 million in outstanding shares. This buyback authorization allows the asset manager to purchase up to 4.3% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.

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.