SEI Investments Downgraded by Raymond James Ahead of Q4 Results

SEI Investments Downgraded by Raymond James Ahead of Q4 Results

Market Radar analyst has lowered the firm’s Q4 and out-year revenue and EPS estimates for SEI Investments (SEIC) ahead of the company’s release of Q4 results. The downgrade is due to market performance during the quarter being below the assumptions embedded within the prior model update in late October.

According to O’Shaughnessy, the firm prefers to see sustained sales momentum and/or a more attractive valuation entry point before getting more constructive. This suggests that SEI Investments’ stock may not be ready for a major upgrade at this time.

The analyst maintains a Market Perform rating on SEI Investments shares, indicating a neutral outlook for the company.

What’s Next for SEI Investments?

With Q4 results looming, investors will be closely watching to see how SEI Investments performs. The downgrade by Raymond James may indicate that the company needs more time to reach its full potential.

Stay tuned to Market Radar for updates on SEI Investments and other top stocks.