Stock of the Day

December 14, 2022

SEI Investments (SEIC)

$110.98
-$0.65 (-0.6%)
Market Cap: $13.40B

About SEI Investments

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. It provides its services to private banks, independent financial advisers, institutional investors, investment managers, investment advisors, wealth management organizations, corporations, retirement scheme sponsors, not-for-profit organizations, hedge fund managers, registered investment advisers, independent broker-dealers, financial planners, life insurance agents, defined-benefit schemes, defined-contribution schemes, endowments, foundations, and board-designated fund, through its subsidiaries. Through its subsidiaries, the firm manages separate client-focused portfolios. It also launches and manages equity, fixed income, and balanced mutual funds, through its subsidiaries. Through its subsidiaries, the firm invests in public equity and fixed income markets. It employs fundamental and quantitative analysis with a focus on top-down and bottom-up analysis to make its investments, through its subsidiaries. SEI Investments Company was founded in 1968 and is based in Oaks, Pennsylvania.

Today's Trend

SEI Investments Company (NASDAQ: SEIC) is moving higher as investors react to a strong Q2 earnings report and a wave of bullish analyst revisions following the release.

  • SEI posted Q2 earnings of $1.66 per share, beating estimates, while revenue rose to $641.6 million and sales/AUM metrics topped expectations, reinforcing the view that business momentum remains solid. Article Title
  • Management’s Q2 call highlighted record growth and expanding margins, which suggests operating leverage is improving and may support earnings growth ahead. Article Title
  • Analysts turned more constructive after earnings: Morgan Stanley raised its price target to $125 with an overweight rating, and Keefe, Bruyette & Woods lifted its target to $119 with an outperform rating, both signaling higher expectations for the stock. Article Title
  • Consensus earnings estimates have been revised higher, which often supports shares when investors see improving forward fundamentals. Article Title
  • Recent short-interest data showed no meaningful short position reported, so there is no clear bearish squeeze or short-selling signal driving the move. Article Title

Overall, SEIC appears to be benefiting from a clean earnings beat, strong operating trends, and multiple analyst upgrades, which are outweighing any neutral market structure data.

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