SEI Investments Company (NASDAQ:SEIC – Get Free Report) Chairman Alfred West, Jr. sold 50,000 shares of the firm’s stock in a transaction on Friday, June 26th. The stock was sold at an average price of $87.25, for a total transaction of $4,362,500.00. Following the completion of the sale, the chairman owned 6,825,783 shares of the company’s stock, valued at $595,549,566.75. This trade represents a 0.73% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
SEI Investments Trading Up 1.4%
Shares of SEI Investments stock opened at $87.71 on Wednesday. The firm has a market cap of $10.55 billion, a price-to-earnings ratio of 14.97 and a beta of 0.97. SEI Investments Company has a 52-week low of $75.08 and a 52-week high of $93.96. The company’s 50-day simple moving average is $89.43 and its 200-day simple moving average is $84.60. The company has a quick ratio of 4.40, a current ratio of 4.52 and a debt-to-equity ratio of 0.07.
SEI Investments (NASDAQ:SEIC – Get Free Report) last announced its quarterly earnings data on Wednesday, April 22nd. The asset manager reported $1.44 EPS for the quarter, beating analysts’ consensus estimates of $1.29 by $0.15. SEI Investments had a net margin of 31.17% and a return on equity of 30.70%. The firm had revenue of $622.18 million during the quarter, compared to the consensus estimate of $641.82 million. During the same quarter last year, the firm earned $1.17 earnings per share. The firm’s revenue was up 12.9% compared to the same quarter last year. As a group, equities research analysts anticipate that SEI Investments Company will post 5.89 earnings per share for the current year.
SEI Investments Announces Dividend
Institutional Trading of SEI Investments
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SEIC. NewEdge Advisors LLC lifted its holdings in SEI Investments by 7.6% in the 1st quarter. NewEdge Advisors LLC now owns 4,894 shares of the asset manager’s stock valued at $384,000 after purchasing an additional 346 shares in the last quarter. Henshaw Capital LLC grew its holdings in shares of SEI Investments by 0.6% during the first quarter. Henshaw Capital LLC now owns 43,101 shares of the asset manager’s stock worth $3,382,000 after buying an additional 258 shares in the last quarter. Glenmede Trust Co. NA raised its position in shares of SEI Investments by 1.2% in the first quarter. Glenmede Trust Co. NA now owns 12,296 shares of the asset manager’s stock valued at $965,000 after buying an additional 149 shares during the last quarter. Front Street Capital Management Inc. lifted its stake in shares of SEI Investments by 17.8% during the first quarter. Front Street Capital Management Inc. now owns 1,330 shares of the asset manager’s stock valued at $104,000 after buying an additional 201 shares during the period. Finally, Western Wealth Management LLC purchased a new position in shares of SEI Investments during the first quarter valued at approximately $43,000. Hedge funds and other institutional investors own 70.59% of the company’s stock.
Analyst Ratings Changes
Several research firms have issued reports on SEIC. Morgan Stanley cut their price objective on SEI Investments from $119.00 to $108.00 and set an “overweight” rating for the company in a research report on Thursday, April 2nd. Keefe, Bruyette & Woods upped their price target on shares of SEI Investments from $95.00 to $107.00 and gave the stock an “outperform” rating in a research note on Thursday, April 23rd. Raymond James Financial reiterated an “outperform” rating and issued a $82.00 price target on shares of SEI Investments in a report on Wednesday, April 29th. Weiss Ratings reissued a “buy (b)” rating on shares of SEI Investments in a report on Tuesday, April 21st. Finally, Piper Sandler restated an “overweight” rating and set a $105.00 target price (up from $99.00) on shares of SEI Investments in a research report on Thursday, April 23rd. Seven equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, SEI Investments presently has an average rating of “Moderate Buy” and an average target price of $103.00.
Read Our Latest Research Report on SEI Investments
SEI Investments Company Profile
SEI Investments Company is a global provider of asset management, investment processing, and investment operations solutions. The firm offers a range of services designed to help financial institutions, private banks, wealth managers and family offices streamline back-office functions and enhance front-office capabilities. SEI’s technology platforms support various stages of the investment lifecycle, including trade execution, performance reporting, risk analytics and client communications.
The company’s core offerings include outsourced fund administration, custody and trust services, managed account solutions, and wealth management technology.
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