SEI Investments (NASDAQ:SEIC) saw unusually large options trading activity on Tuesday. Traders acquired 1,603 put options on the stock. This represents an increase of 1,182% compared to the average volume of 125 put options.
In related news, insider Wayne Withrow sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 5th. The shares were sold at an average price of $70.35, for a total value of $703,500.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Dennis Mcgonigle sold 15,000 shares of the company’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $69.63, for a total transaction of $1,044,450.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 75,000 shares of company stock worth $5,414,750. 16.50% of the stock is owned by company insiders.
Institutional investors and hedge funds have recently modified their holdings of the business. Icon Wealth Partners LLC purchased a new stake in SEI Investments in the fourth quarter worth approximately $121,000. Woodard & Co. Asset Management Group Inc. ADV purchased a new stake in shares of SEI Investments during the fourth quarter valued at approximately $122,000. Invictus RG purchased a new stake in shares of SEI Investments during the third quarter valued at approximately $111,000. Meeder Asset Management Inc. boosted its stake in shares of SEI Investments by 7,575.0% during the third quarter. Meeder Asset Management Inc. now owns 2,456 shares of the asset manager’s stock valued at $150,000 after purchasing an additional 2,424 shares during the period. Finally, Gradient Investments LLC purchased a new stake in shares of SEI Investments during the fourth quarter valued at approximately $207,000. 70.95% of the stock is owned by institutional investors and hedge funds.
Several research analysts recently weighed in on SEIC shares. Zacks Investment Research upgraded shares of SEI Investments from a “hold” rating to a “buy” rating and set a $72.00 price objective on the stock in a research report on Monday, October 30th. Oppenheimer restated a “buy” rating and issued a $80.00 price objective on shares of SEI Investments in a research report on Thursday, February 1st. BidaskClub lowered SEI Investments from a “buy” rating to a “hold” rating in a research note on Wednesday, January 31st. Finally, Mizuho reaffirmed a “buy” rating and issued a $72.00 target price on shares of SEI Investments in a research note on Friday, November 17th. Three investment analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. SEI Investments presently has a consensus rating of “Buy” and an average price target of $73.50.
Shares of SEI Investments (SEIC) opened at $72.73 on Wednesday. The stock has a market capitalization of $11,450.00, a P/E ratio of 29.21, a price-to-earnings-growth ratio of 1.90 and a beta of 1.29. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.14 and a quick ratio of 4.07. SEI Investments has a 52 week low of $49.04 and a 52 week high of $77.49.
SEI Investments (NASDAQ:SEIC) last issued its earnings results on Wednesday, January 31st. The asset manager reported $0.75 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.15. The business had revenue of $408.22 million during the quarter, compared to analyst estimates of $397.96 million. SEI Investments had a return on equity of 26.74% and a net margin of 26.49%. SEI Investments’s revenue for the quarter was up 10.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.55 earnings per share. equities analysts expect that SEI Investments will post 3.24 EPS for the current year.
SEI Investments announced that its Board of Directors has initiated a stock buyback program on Wednesday, October 25th that permits the company to repurchase $200.00 million in shares. This repurchase authorization permits the asset manager to buy shares of its stock through open market purchases. Shares repurchase programs are usually an indication that the company’s board of directors believes its shares are undervalued.
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About SEI Investments
SEI Investments Company provides investment processing, investment management and investment operations solutions. The Company provides its solutions to financial institutions, financial advisors, institutional investors, investment managers and ultra-high-net-worth families in the United States, Canada, the United Kingdom, continental Europe and various other locations around the world.
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