SEI Investments price target raised to $79 from $74 at Piper Sandler

Piper Sandler raised the firm’s price target on SEI Investments (SEIC) to $79 from $74 and keeps a Neutral rating on the shares. The firm notes SEI posted a core beat and also put up a record quarter for sales events building on recent momentum. Operating margins increased to 28.5% from 27.5%, but Piper expects a slight softening in the coming quarters as upfront expenses from recent sales events could have some near-term impacts. The firm continues to be encouraged by the momentum SEI continues to show on sales events. Piper would expect the stock to outperform on Thursday.