SEI Investments Company (NASDAQ:SEIC – Get Free Report) Director Kathryn Mccarthy sold 10,000 shares of the firm’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $103.53, for a total transaction of $1,035,300.00. Following the completion of the sale, the director owned 77,883 shares of the company’s stock, valued at $8,063,226.99. The trade was a 11.38% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.
SEI Investments Price Performance
Shares of SEIC stock opened at $104.72 on Wednesday. SEI Investments Company has a 1 year low of $75.08 and a 1 year high of $105.53. The firm’s 50 day moving average is $93.46 and its 200-day moving average is $86.95. The firm has a market capitalization of $12.57 billion, a price-to-earnings ratio of 18.47 and a beta of 0.96. The company has a current ratio of 5.06, a quick ratio of 4.96 and a debt-to-equity ratio of 0.06.
SEI Investments (NASDAQ:SEIC – Get Free Report) last issued its quarterly earnings results on Wednesday, July 22nd. The asset manager reported $1.66 earnings per share for the quarter, beating analysts’ consensus estimates of $1.44 by $0.22. SEI Investments had a net margin of 28.85% and a return on equity of 29.16%. The business had revenue of $641.62 million during the quarter, compared to analyst estimates of $636.35 million. During the same quarter last year, the business posted $1.78 earnings per share. SEI Investments’s revenue for the quarter was up 14.7% compared to the same quarter last year. Sell-side analysts forecast that SEI Investments Company will post 6.2 EPS for the current fiscal year.
SEI Investments Announces Dividend
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Bank of America Corp DE lifted its stake in SEI Investments by 4.4% in the second quarter. Bank of America Corp DE now owns 3,160,636 shares of the asset manager’s stock valued at $284,015,000 after buying an additional 133,057 shares during the period. Geode Capital Management LLC grew its position in shares of SEI Investments by 3.9% during the 4th quarter. Geode Capital Management LLC now owns 2,894,317 shares of the asset manager’s stock worth $237,421,000 after buying an additional 109,974 shares during the period. Lord Abbett & CO. LLC increased its stake in shares of SEI Investments by 19.2% in the 4th quarter. Lord Abbett & CO. LLC now owns 1,917,370 shares of the asset manager’s stock valued at $157,263,000 after acquiring an additional 308,988 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of SEI Investments by 1.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,873,198 shares of the asset manager’s stock valued at $146,984,000 after acquiring an additional 20,054 shares during the last quarter. Finally, First Trust Advisors LP raised its position in shares of SEI Investments by 1.2% in the 1st quarter. First Trust Advisors LP now owns 1,822,669 shares of the asset manager’s stock valued at $143,025,000 after acquiring an additional 21,731 shares during the period. 70.59% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
A number of equities research analysts have recently weighed in on SEIC shares. Morgan Stanley boosted their target price on SEI Investments from $115.00 to $125.00 and gave the stock an “overweight” rating in a research report on Thursday, July 23rd. UBS Group reiterated a “buy” rating and issued a $125.00 price objective on shares of SEI Investments in a research report on Thursday, July 23rd. Keefe, Bruyette & Woods boosted their price objective on SEI Investments from $113.00 to $119.00 and gave the stock an “outperform” rating in a report on Thursday, July 23rd. Weiss Ratings restated a “buy (b)” rating on shares of SEI Investments in a research report on Friday, July 17th. Finally, Piper Sandler raised their target price on shares of SEI Investments from $114.00 to $120.00 and gave the company an “overweight” rating in a research note on Thursday, July 23rd. One research analyst has rated the stock with a Strong Buy rating and six have issued a Buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $122.60.
Get Our Latest Analysis on SEIC
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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