FY2024 Earnings Forecast for SEI Investments Issued By William Blair (NASDAQ:SEIC)

SEI Investments (NASDAQ:SEIC) – Analysts at William Blair increased their FY2024 EPS estimates for shares of SEI Investments in a report released on Monday, October 14th. William Blair analyst J. Schmitt now expects that the asset manager will post earnings of $4.30 per share for the year, up from their prior estimate of $4.25. The consensus estimate for SEI Investments’ current full-year earnings is $4.24 per share. William Blair also issued estimates for SEI Investments’ Q4 2024 earnings at $1.18 EPS, FY2025 earnings at $4.70 EPS and FY2026 earnings at $5.05 EPS.

Several other analysts also recently commented on the stock. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $73.00 target price (down from $74.00) on shares of SEI Investments in a research report on Thursday, July 25th. Oppenheimer boosted their target price on shares of SEI Investments from $80.00 to $81.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 8th. Finally, Piper Sandler upped their price objective on shares of SEI Investments from $71.00 to $74.00 and gave the stock a “neutral” rating in a report on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, SEI Investments has an average rating of “Hold” and an average price target of $72.25.

SEI Investments Stock Performance

Shares of SEIC opened at $72.58 on Wednesday. The company’s 50 day moving average price is $67.93 and its 200 day moving average price is $67.26. SEI Investments has a 52 week low of $52.19 and a 52 week high of $72.67. The company has a market capitalization of $9.54 billion, a PE ratio of 19.83, a PEG ratio of 1.39 and a beta of 0.99.

SEI Investments (NASDAQ:SEIC) last released its quarterly earnings results on Wednesday, July 24th. The asset manager reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.04 by $0.01. SEI Investments had a net margin of 25.44% and a return on equity of 23.25%. The business had revenue of $518.99 million for the quarter, compared to analyst estimates of $523.80 million. During the same quarter in the previous year, the business earned $0.89 earnings per share. The firm’s revenue was up 6.1% compared to the same quarter last year.

Institutional Investors Weigh In On SEI Investments

Several institutional investors have recently modified their holdings of the business. IFG Advisory LLC boosted its stake in SEI Investments by 0.3% during the 2nd quarter. IFG Advisory LLC now owns 59,228 shares of the asset manager’s stock worth $3,831,000 after acquiring an additional 166 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in SEI Investments by 16.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,197 shares of the asset manager’s stock worth $77,000 after acquiring an additional 168 shares during the last quarter. Creative Planning boosted its stake in SEI Investments by 2.3% during the 3rd quarter. Creative Planning now owns 8,086 shares of the asset manager’s stock worth $559,000 after acquiring an additional 182 shares during the last quarter. Diversified Trust Co boosted its stake in SEI Investments by 0.4% during the 2nd quarter. Diversified Trust Co now owns 54,212 shares of the asset manager’s stock worth $3,507,000 after acquiring an additional 202 shares during the last quarter. Finally, Signaturefd LLC boosted its stake in SEI Investments by 7.8% during the 2nd quarter. Signaturefd LLC now owns 2,942 shares of the asset manager’s stock worth $190,000 after acquiring an additional 213 shares during the last quarter. Institutional investors and hedge funds own 70.59% of the company’s stock.

Insider Activity at SEI Investments

In other SEI Investments news, Chairman Alfred P. West, Jr. sold 27,419 shares of the firm’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $67.48, for a total value of $1,850,234.12. Following the completion of the sale, the chairman now owns 7,649,577 shares in the company, valued at approximately $516,193,455.96. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other SEI Investments news, Chairman Alfred P. West, Jr. sold 27,419 shares of the firm’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $67.48, for a total value of $1,850,234.12. Following the completion of the sale, the chairman now owns 7,649,577 shares in the company, valued at approximately $516,193,455.96. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Chairman Alfred P. West, Jr. sold 44,163 shares of the firm’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $67.55, for a total transaction of $2,983,210.65. Following the completion of the sale, the chairman now owns 7,605,414 shares of the company’s stock, valued at $513,745,715.70. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 132,582 shares of company stock valued at $8,942,405 in the last ninety days. Insiders own 14.30% of the company’s stock.

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.