KBW Has Market Perform Rating On SEI Investments (SEIC)

Keefe Bruyette & Woods has a $21 price target and a Market Perform rating on SEI Investments Company (NASDAQ: SEIC).

In a note to clients, Keefe Bruyette & Woods writes, "While we remain positive on long-term outsourcing demand by financial institutions, we believe revenue growth and margins will remain under pressure in 2H10 which is likely to weigh on valuation. Lowering estimates and price target modestly."

Shares of SEI Investments gained 41 cents on Friday, to close at $18.02.

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