SEI Investments price target lowered to $64 from $65 at Piper Sandler

Piper Sandler lowered the firm’s price target on SEI Investments to $64 from $65 and keeps a Neutral rating on the shares. The firm likes SEI’s “impressive” operating margins across the majority of its segments, but also points out that revenue growth has slowed over the past several quarters. Piper is also lowering its 2023 and 2024 EPS estimates to $3.53 and $4.01 from $3.62 and $4.06 driven by lower market values as it marks its model to market.