SEIC - SEI Investments Balancing Slowed Revenue Growth With Strong Margins - Analyst Lowers Price Target | Benzinga
Piper Sandler analyst Crispin Love reiterated a Neutral rating on SEI Investments Company (NASDAQ: SEIC), lowering the price target to $64 from $65.
According to the analyst, the revenue growth for SEI Investments has slowed over the past several quarters, indicating a concern in the company's financial performance.
Love has lowered the 2023 and 2024 EPS estimates to $3.53 and $4.01 from $3.62 and $4.06, respectively, driven by lower market values as the model is marked to market.
The analyst writes that the revenue growth has been in the low-to-mid single-digit growth range for multiple years. An acceleration in revenue growth is needed to drive the multiple higher and hit ...