William Blair analyst Jeff Schmitt has maintained their neutral stance on SEIC stock, giving a Hold rating today.
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Jeff Schmitt has given his Hold rating due to a combination of factors influencing SEI Investments Company’s current and future performance. The company has shown continued momentum in its IMS and Private Banks segments, and its spread income has been expanding, contributing positively to earnings. Additionally, the Stratos transaction is expected to enhance earnings per share and serve as a new growth catalyst for SEI.
However, Schmitt notes that the reliance on spread income as a key earnings driver could become a challenge when the Federal Reserve begins easing, potentially hindering earnings growth. Furthermore, the stock’s current trading price at 17 times the projected 2026 earnings per share is slightly above its historical average, suggesting limited upside potential in the near term. These considerations collectively support the Hold rating, indicating a balanced view of the company’s prospects.
In another report released today, KBW also maintained a Hold rating on the stock with a $98.00 price target.