SEI Investments rises after Raymond James upgrades to 'outperform'

SEI Investments

30/01/2025 19:21

** Shares of investment tech platform SEI Investments
 SEIC.O  climb 4.5% to $86.65
    ** Raymond James upgrades SEIC to "outperform" from "market
perform"; assigns $99 PT, a 19.3% upside to stock's last close
    ** Brokerage says SEIC has shown sustainable improvement in
sales activity and expense discipline that should result in
improving core revenue growth and attract incremental margins
    ** Adds that it thinks the stock should move higher and
paired with an improving profit growth outlook, it offers an
attractive risk/reward for investors
    ** Two of six brokerages rate the stock "buy" or higher,
three "hold" and one "sell"; their median PT is $90 — LSEG data 
    
    ** SEIC stock jumped 29.8% in 2024


 (Reporting by Arasu Kannagi Basil in Bengaluru)
 ((ArasuKannagi.Basil@thomsonreuters.com))