SEI Investments Receives a Buy Rating from StockNews.com

SEI Investments (NASDAQ:SEIC), a prominent asset management company, received an analyst upgrade on Saturday, elevating its rating from 'hold' to 'buy', according to StockNews.com. This boost reflects a positive sentiment towards the firm's stock in the financial community.

Analyst Perspectives on SEI Investments

Joining StockNews.com in its optimism, Oppenheimer increased their price target for SEI Investments from $71.00 to $73.00, maintaining an 'outperform' rating. Conversely, Morgan Stanley set a more conservative price objective, raising it from $60.00 to $61.00 yet tagging the stock with an 'underweight' rating. Piper Sandler took a neutral stance, adjusting their price target from $58.00 to $66.00. MarketBeat reveals that, on average, the company holds a 'Hold' rating from analysts with a consensus price target of $67.00.

Financial Highlights and Stock Performance

SEIC shares recently opened at $67.83, with the company boasting a one-year low of $52.19 and a peak of $67.84. The current market capitalization stands at $8.91 billion. The 50-day and 200-day moving averages are $64.87 and $61.09, respectively, indicating a stable performance. SEI Investments reported a consistent quarterly earnings of $0.91 per share, matching analyst projections. The firm's revenue was $484.86 million, marginally surpassing estimates of $481.39 million. The company saw a healthy net margin of 24.08% and a robust return on equity of 22.40%. Looking forward, analysts anticipate an earning per share (EPS) of 3.95 for the current fiscal year.

Strategic Corporate Movements

The Board of Directors at SEI Investments have demonstrated their confidence in the company's valuation by authorizing a stock repurchase plan worth $250 million, which allows for up to 3% of the company's stock to be bought back via open market transactions. This is often a signal that the company perceives its stock to be undervalued.

Insider Transactions and Ownership

Insider activity includes sales by company Chairman Alfred P. West, Jr. and insider Mark Andrew Warner, with over 39,670 shares sold by insiders within the past three months. Notably, insiders currently own 15.50% of the company's stock.

Institutional Investor Interest

Several significant investors have recently adjusted their holdings in SEIC. New investments have been initiated, while others have scaled up or reduced their existing stakes, signifying active engagement by institutional players in the stock.

The Company at a Glance

SEI Investments Company, as an asset management holding entity, offers a wide array of services including wealth management, retirement solutions, investment processing outsourcing, and advisory services, catering to a diverse client base.

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