William Blair analyst Jeff Schmitt has maintained their neutral stance on SEIC stock, giving a Hold rating on September 22.
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Jeff Schmitt has given his Hold rating due to a combination of factors, primarily focusing on SEI Investments Company’s strategic plans and current market conditions. The company has laid out ambitious growth strategies, particularly in its Investment Management Services (IMS) and Private Banks segments, and is considering leveraging its balance sheet to enhance returns. These initiatives indicate a positive direction, but it remains uncertain whether they will effectively address the existing challenges the company faces.
Furthermore, while SEI’s management is optimistic about expanding margins through improved growth, operating leverage, and cost optimization, the outcomes of these strategies are yet to be seen. The new leadership’s efforts are promising, but the potential risks and pressures in the market warrant a cautious approach. Therefore, Schmitt’s Hold rating reflects a balanced view, acknowledging both the potential for growth and the uncertainties that lie ahead.
In another report released on September 22, KBW also maintained a Hold rating on the stock with a $98.00 price target.
Based on the recent corporate insider activity of 60 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.