SEI Investments Company (NASDAQ:SEIC – Get Free Report) insider Sanjay Sharma sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, July 24th. The stock was sold at an average price of $99.33, for a total transaction of $1,986,600.00. Following the completion of the transaction, the insider directly owned 39,829 shares of the company’s stock, valued at approximately $3,956,214.57. This represents a 33.43% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
SEI Investments Stock Performance
SEI Investments stock opened at $103.04 on Friday. SEI Investments Company has a fifty-two week low of $75.08 and a fifty-two week high of $104.47. The firm’s fifty day moving average price is $92.65 and its 200-day moving average price is $86.56. The stock has a market cap of $12.37 billion, a P/E ratio of 18.17 and a beta of 0.97. The company has a debt-to-equity ratio of 0.06, a quick ratio of 4.96 and a current ratio of 5.06.
SEI Investments (NASDAQ:SEIC – Get Free Report) last released its earnings results on Wednesday, July 22nd. The asset manager reported $1.66 EPS for the quarter, beating analysts’ consensus estimates of $1.44 by $0.22. SEI Investments had a return on equity of 29.16% and a net margin of 28.85%.The business had revenue of $641.62 million for the quarter, compared to analysts’ expectations of $636.35 million. During the same quarter in the prior year, the firm earned $1.78 earnings per share. The firm’s revenue was up 14.7% on a year-over-year basis. On average, equities research analysts expect that SEI Investments Company will post 6.2 earnings per share for the current fiscal year.
SEI Investments Dividend Announcement
Analyst Upgrades and Downgrades
Several research analysts have commented on SEIC shares. Wall Street Zen raised shares of SEI Investments from a “hold” rating to a “buy” rating in a research note on Saturday, July 25th. Morgan Stanley increased their target price on shares of SEI Investments from $115.00 to $125.00 and gave the company an “overweight” rating in a report on Thursday, July 23rd. Raymond James Financial lifted their target price on shares of SEI Investments from $122.00 to $124.00 and gave the stock an “outperform” rating in a research report on Monday, July 6th. Keefe, Bruyette & Woods upped their price target on shares of SEI Investments from $113.00 to $119.00 and gave the company an “outperform” rating in a research report on Thursday, July 23rd. Finally, Piper Sandler raised their price objective on SEI Investments from $114.00 to $120.00 and gave the company an “overweight” rating in a research note on Thursday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating and six have given a Buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Buy” and a consensus price target of $122.60.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in the company. Oxbow Advisors LLC purchased a new stake in SEI Investments during the 1st quarter valued at $3,283,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new position in shares of SEI Investments in the fourth quarter valued at about $3,217,000. Third View Private Wealth LLC bought a new position in shares of SEI Investments during the fourth quarter valued at about $2,807,000. Y Intercept Hong Kong Ltd bought a new position in shares of SEI Investments during the first quarter valued at about $3,625,000. Finally, Tudor Investment Corp ET AL purchased a new stake in shares of SEI Investments during the third quarter worth about $4,811,000. Institutional investors own 70.59% of the company’s stock.
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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