SEI Investments price target raised to $77 from $73 at Oppenheimer

Oppenheimer analyst Glenn Greene raised the firm’s price target on SEI Investments to $77 from $73 and keeps an Outperform rating on the shares. The firm came away from meetings with CEO Ryan Hicke and CFO Dennis McGonigle incrementally positive about the progress SEIC is making and thinks the stock isn’t getting enough credit for its turnaround effort in private banking, and the improving outlook for accelerating organic growth and margin expansion. The stock looks attractive at current valuation, the analyst tells investors in a research note.