SEI Investments Company (NASDAQ:SEIC – Get Free Report) EVP Michael Lane sold 2,400 shares of the company’s stock in a transaction that occurred on Tuesday, September 22nd. The stock was sold at an average price of $102.78, for a total value of $246,672.00. Following the sale, the executive vice president directly owned 39,581 shares in the company, valued at $4,068,135.18. This trade represents a 5.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
SEI Investments Price Performance
Shares of SEI Investments stock traded down $0.05 during trading hours on Thursday, reaching $104.78. The company’s stock had a trading volume of 923,528 shares, compared to its average volume of 795,049. The firm has a 50 day moving average price of $105.58 and a 200-day moving average price of $93.06. SEI Investments Company has a one year low of $75.08 and a one year high of $112.15. The company has a debt-to-equity ratio of 0.06, a current ratio of 5.06 and a quick ratio of 4.96. The stock has a market cap of $12.58 billion, a P/E ratio of 18.48 and a beta of 0.97.
SEI Investments (NASDAQ:SEIC – Get Free Report) last posted its quarterly earnings data on Wednesday, July 22nd. The asset manager reported $1.66 EPS for the quarter, topping the consensus estimate of $1.44 by $0.22. The company had revenue of $641.62 million during the quarter, compared to analyst estimates of $636.35 million. SEI Investments had a net margin of 28.85% and a return on equity of 29.16%. SEI Investments’s quarterly revenue was up 14.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.78 earnings per share. On average, analysts predict that SEI Investments Company will post 6.21 EPS for the current year.
Institutional Investors Weigh In On SEI Investments
Wall Street Analyst Weigh In
Several equities analysts have commented on the company. UBS Group reaffirmed a “buy” rating and issued a $125.00 price objective on shares of SEI Investments in a research report on Thursday, July 23rd. Zacks Research lowered shares of SEI Investments from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 21st. Morgan Stanley upped their price target on shares of SEI Investments from $115.00 to $125.00 and gave the stock an “overweight” rating in a report on Thursday, July 23rd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of SEI Investments in a research note on Friday, July 17th. Finally, William Blair upgraded shares of SEI Investments from a “market perform” rating to an “outperform” rating in a report on Tuesday, September 15th. Seven investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $122.60.
View Our Latest Stock Analysis on SEIC
About SEI Investments
SEI Investments Company is a financial technology and investment solutions provider serving wealth managers, asset managers, institutional investors, banks and family offices. The company combines technology, outsourced operations and investment expertise to help clients manage portfolios, administer funds and support their broader financial businesses.
Its offerings include the SEI Wealth Platform, which provides technology and operating infrastructure for wealth management firms; investment processing and administration services; fund accounting and administration; and technology and operational support for investment managers.
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