Q2 2024 EPS Estimates for SEI Investments (NASDAQ:SEIC) Boosted by William Blair

SEI Investments (NASDAQ:SEIC) – Equities research analysts at William Blair boosted their Q2 2024 EPS estimates for shares of SEI Investments in a research report issued to clients and investors on Thursday, April 25th. William Blair analyst J. Schmitt now expects that the asset manager will post earnings of $1.05 per share for the quarter, up from their prior estimate of $1.00. The consensus estimate for SEI Investments’ current full-year earnings is $4.14 per share. William Blair also issued estimates for SEI Investments’ Q3 2024 earnings at $1.07 EPS, Q4 2024 earnings at $1.14 EPS, FY2024 earnings at $4.25 EPS and FY2025 earnings at $4.62 EPS.

A number of other analysts also recently issued reports on SEIC. Piper Sandler dropped their price objective on shares of SEI Investments from $72.00 to $69.00 and set a “neutral” rating for the company in a report on Thursday. StockNews.com raised shares of SEI Investments from a “hold” rating to a “buy” rating in a research note on Saturday, March 2nd. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $74.00 price target (up from $72.00) on shares of SEI Investments in a research note on Thursday. Finally, Oppenheimer boosted their price target on shares of SEI Investments from $77.00 to $80.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 9th. One equities 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 company’s stock. Based on data from MarketBeat, SEI Investments presently has a consensus rating of “Hold” and a consensus target price of $71.00.

SEI Investments Price Performance

SEIC opened at $66.57 on Friday. The company has a fifty day moving average price of $68.58 and a 200-day moving average price of $63.45. The firm has a market capitalization of $8.76 billion, a P/E ratio of 18.19, a price-to-earnings-growth ratio of 1.34 and a beta of 1.02. SEI Investments has a one year low of $52.19 and a one year high of $72.54.

SEI Investments (NASDAQ:SEIC) last released its quarterly earnings results on Wednesday, April 24th. The asset manager reported $0.99 EPS for the quarter, beating analysts’ consensus estimates of $0.98 by $0.01. The firm had revenue of $511.58 million during the quarter, compared to analyst estimates of $510.41 million. SEI Investments had a net margin of 24.80% and a return on equity of 22.91%. The business’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.79 EPS.

Insider Activity at SEI Investments

In other SEI Investments news, EVP Wayne Withrow sold 16,970 shares of the company’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $66.16, for a total value of $1,122,735.20. Following the sale, the executive vice president now owns 55,399 shares in the company, valued at $3,665,197.84. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, Chairman Alfred P. West, Jr. sold 150,000 shares of the stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $70.75, for a total transaction of $10,612,500.00. Following the transaction, the chairman now owns 7,884,834 shares in the company, valued at $557,852,005.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Wayne Withrow sold 16,970 shares of the stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $66.16, for a total transaction of $1,122,735.20. Following the transaction, the executive vice president now owns 55,399 shares in the company, valued at approximately $3,665,197.84. The disclosure for this sale can be found here. Insiders have sold 206,333 shares of company stock worth $14,481,612 over the last 90 days. 15.50% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. VisionPoint Advisory Group LLC boosted its position in shares of SEI Investments by 67.1% during the third quarter. VisionPoint Advisory Group LLC now owns 513 shares of the asset manager’s stock valued at $31,000 after buying an additional 206 shares during the period. TFO Wealth Partners LLC boosted its position in shares of SEI Investments by 6,277.8% during the fourth quarter. TFO Wealth Partners LLC now owns 574 shares of the asset manager’s stock valued at $36,000 after buying an additional 565 shares during the period. Evolution Advisers Inc. purchased a new position in shares of SEI Investments during the fourth quarter valued at approximately $55,000. Neo Ivy Capital Management purchased a new position in shares of SEI Investments during the fourth quarter valued at approximately $61,000. Finally, Principal Securities Inc. purchased a new position in shares of SEI Investments during the fourth quarter valued at approximately $66,000. 70.59% of the stock is owned by hedge funds and other institutional investors.

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.