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Investing.com - Raymond James raised its price target on SEI Investments (NASDAQ:SEIC) to $120.00 from $118.00 on Tuesday, while maintaining an Outperform rating on the stock. The financial services company, currently valued at $10.2 billion, has demonstrated strong performance with a 10.71% revenue growth and impressive 78.87% gross profit margin in the last twelve months.
The firm updated its estimates to reflect recent market performance, noting that despite sales results dipping in the second quarter of 2025, SEI’s deal pipeline remains robust.
Raymond James expects net recurring sales activity to re-accelerate in the third quarter of 2025, following the previous quarter’s slowdown.
The firm acknowledged that margins had dipped in the prior quarter due to growth investments ahead of future client onboarding events, but believes improving sales activity and expense discipline should lead to substantial long-term margin expansion.
Raymond James expressed confidence in SEI’s revenue and earnings per share growth outlook, viewing the risk/reward as attractive with SEI trading at approximately 14 times the firm’s 2026 EPS estimate.
In other recent news, SEI has made several strategic appointments and partnerships aimed at enhancing its business operations. The company announced the appointment of Dave Langdale as Chief Revenue Officer for its U.S. Private Banking business, effective January 1, 2026. Additionally, Sanjay Sharma has been appointed as CEO of SEI International, expanding his responsibilities beyond his current role in global Private Banking. In another leadership move, Robert Hum has been named Head of Investment Product Development and Activation, focusing on enhancing investment products.
SEI has also formed a strategic partnership with U.K.-based Graphene to expand its wealth management offerings. This partnership will enable SEI to provide integrated wealth management infrastructure to financial advisers and wealth managers. Piper Sandler has maintained its Neutral rating on SEI Investments, following an investor day that featured presentations from key executives. These developments reflect SEI’s ongoing efforts to strengthen its leadership and expand its service offerings.
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