BUZZ-SEI Investments rises after Raymond James upgrades to 'outperform'

** 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