Analyst Ryan Kenny from Morgan Stanley maintained a Buy rating on SEI Investments Company and keeping the price target at $105.00.
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Ryan Kenny’s rating is based on several key factors that highlight the potential for SEI Investments Company’s growth. The company has demonstrated solid net sales events, with a notable pipeline in the Investment Managers segment driven by large alternative managers experiencing rapid growth. This segment, which constitutes a significant portion of the company’s revenues, is expected to continue its upward trajectory.
Additionally, despite a temporary decline in the Private Banks segment due to market volatility, the management has indicated a strong pipeline, suggesting future sales acceleration. The company’s strategic investments and hiring to support growth, although impacting margins in the short term, are anticipated to yield positive results in the long run. These factors, combined with an increased earnings per share forecast and a raised price target, underpin Ryan Kenny’s Buy rating for SEI Investments Company.
In another report released yesterday, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a $103.00 price target.
Based on the recent corporate insider activity of 52 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of SEIC in relation to earlier this year.