SEI Investments price target raised to $72 from $66 at Piper Sandler

Piper Sandler raised the firm’s price target on SEI Investments to $72 from $66 and keeps a Neutral rating on the shares. Looking forward, the firm believes operating margins will be a key focus especially in the Private Banks segment. Piper likes the company’s mid-20s firmwide operating margins, but it also believes the company’s long-term revenue targets could prove aggressive. Further, the firm also looks forward to hearing about any progress from the enterprise sales force, which could be a driver for more sales over time.