William Blair Predicts SEI Investments FY2024 Earnings

SEI Investments (NASDAQ:SEIC) – Analysts at William Blair boosted their FY2024 earnings per share estimates for shares of SEI Investments in a research report issued to clients and investors on Thursday, October 24th. William Blair analyst J. Schmitt now expects that the asset manager will earn $4.52 per share for the year, up from their prior estimate 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.

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, topping analysts’ consensus estimates of $1.07 by $0.12. SEI Investments had a return on equity of 23.25% and a net margin of 25.44%. The firm had revenue of $537.40 million for the quarter, compared to analysts’ expectations of $534.08 million. During the same period in the prior year, the business earned $0.87 EPS. The company’s revenue for the quarter was up 12.7% compared to the same quarter last year.

A number of other equities analysts have also weighed in on the company. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $73.00 target price (down from $74.00) on shares of SEI Investments in a research report on Thursday, July 25th. Piper Sandler upped their target price on SEI Investments from $74.00 to $77.00 and gave the stock a “neutral” rating in a research report on Thursday. Oppenheimer upped their target price on SEI Investments from $81.00 to $85.00 and gave the stock an “outperform” rating in a research report on Thursday. Finally, Morgan Stanley upped their target price on SEI Investments from $70.00 to $75.00 and gave the stock an “underweight” rating in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, SEI Investments presently has an average rating of “Hold” and an average target price of $77.50.

SEI Investments Stock Up 0.9 %

Shares of NASDAQ:SEIC opened at $75.10 on Friday. SEI Investments has a twelve month low of $52.19 and a twelve month high of $75.97. The stock’s 50 day moving average is $68.94 and its 200-day moving average is $67.40. The firm has a market capitalization of $9.75 billion, a price-to-earnings ratio of 19.66, a PEG ratio of 1.39 and a beta of 0.99.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of SEIC. Fairfield Financial Advisors LTD purchased a new stake in SEI Investments in the 2nd quarter worth about $30,000. Livforsakringsbolaget Skandia Omsesidigt increased its holdings in SEI Investments by 925.9% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 554 shares of the asset manager’s stock worth $38,000 after acquiring an additional 500 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings in SEI Investments by 78.3% in the 1st quarter. EverSource Wealth Advisors LLC now owns 626 shares of the asset manager’s stock worth $41,000 after acquiring an additional 275 shares during the last quarter. Bessemer Group Inc. increased its holdings in SEI Investments by 184.7% in the 1st quarter. Bessemer Group Inc. now owns 595 shares of the asset manager’s stock worth $43,000 after acquiring an additional 386 shares during the last quarter. Finally, Mather Group LLC. increased its holdings in SEI Investments by 181.2% in the 2nd quarter. Mather Group LLC. now owns 776 shares of the asset manager’s stock worth $50,000 after acquiring an additional 500 shares during the last quarter. Institutional investors own 70.59% of the company’s stock.

Insider Activity at SEI Investments

In related news, Chairman Alfred P. West, Jr. sold 44,163 shares of the stock in a transaction on 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 sale, the chairman now directly owns 7,605,414 shares of the company’s stock, valued at approximately $513,745,715.70. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other SEI Investments news, Chairman Alfred P. West, Jr. sold 27,419 shares of the company’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $67.48, for a total value of $1,850,234.12. Following the completion of the transaction, the chairman now owns 7,649,577 shares in the company, valued at $516,193,455.96. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Alfred P. West, Jr. sold 44,163 shares of the company’s stock in a transaction on Monday, August 26th. The shares were 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 of the company’s stock, valued at $513,745,715.70. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 132,582 shares of company stock valued at $8,942,405. 14.30% of the stock is owned by insiders.

SEI Investments announced that its Board of Directors has authorized a stock repurchase program on Tuesday, October 22nd that permits the company to repurchase $400.00 million in shares. This repurchase authorization permits the asset manager to reacquire up to 4.3% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s board believes its stock is 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.