SEI Investments Company, the Financial sector company, was revisited by a Wall Street analyst yesterday. Analyst Ryan Kenny from Morgan Stanley maintained a Buy rating on the stock and has a $115.00 price target.
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Ryan Kenny’s rating is based on SEI Investments Company’s strong performance in net new sales, which reached $47 million excluding a one-time client loss. This indicates a solid underlying business momentum, particularly in the Investment Management Services (IMS) sector, which is showing accelerated growth. The company has successfully engaged multiple large, well-known alternative asset managers in new outsourcing agreements, suggesting potential for future revenue expansion.
Despite a slight miss in revenue expectations, the stronger-than-anticipated client asset levels provide a positive outlook for future revenue growth. Additionally, SEI Investments Company has not experienced significant client losses in the Private Banks sector for three years, reinforcing the stability and potential of its core business operations. These factors collectively contribute to Ryan Kenny’s Buy rating for SEI Investments Company.
In another report released today, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a $92.00 price target.
Based on the recent corporate insider activity of 63 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.