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