BidaskClub downgraded shares of SEI Investments (NASDAQ:SEIC) from a strong-buy rating to a buy rating in a report published on Thursday.
Several other equities research analysts have also weighed in on the company. Zacks Investment Research lowered SEI Investments from a hold rating to a sell rating in a research report on Wednesday. Sandler O’Neill set a $81.00 price target on SEI Investments and gave the company a buy rating in a research report on Tuesday. Finally, Oppenheimer restated a buy rating and set a $80.00 price target on shares of SEI Investments in a research report on Thursday, February 1st. One analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company. SEI Investments presently has an average rating of Hold and a consensus price target of $75.00.
Shares of NASDAQ SEIC traded down $0.94 during mid-day trading on Thursday, hitting $69.46. 284,320 shares of the stock traded hands, compared to its average volume of 683,424. The company has a quick ratio of 4.07, a current ratio of 4.14 and a debt-to-equity ratio of 0.02. SEI Investments has a 52 week low of $49.45 and a 52 week high of $78.35. The firm has a market capitalization of $11,259.85, a PE ratio of 30.34, a P/E/G ratio of 1.88 and a beta of 1.25.
SEI Investments (NASDAQ:SEIC) last released its quarterly earnings results on Wednesday, January 31st. The asset manager reported $0.75 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.15. SEI Investments had a return on equity of 26.74% and a net margin of 26.49%. The company had revenue of $408.22 million for the quarter, compared to analyst estimates of $397.96 million. During the same period in the previous year, the company posted $0.55 earnings per share. The firm’s revenue was up 10.7% on a year-over-year basis. research analysts anticipate that SEI Investments will post 3.16 earnings per share for the current year.
In other SEI Investments news, Director Carmen Romeo sold 15,000 shares of SEI Investments stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $74.17, for a total transaction of $1,112,550.00. Following the completion of the transaction, the director now owns 1,600,952 shares in the company, valued at $118,742,609.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Stephen Meyer sold 4,524 shares of SEI Investments stock in a transaction on Wednesday, March 21st. The shares were sold at an average price of $77.59, for a total value of $351,017.16. Following the transaction, the executive vice president now owns 97,748 shares of the company’s stock, valued at approximately $7,584,267.32. The disclosure for this sale can be found here. Insiders have sold 95,348 shares of company stock valued at $7,115,112 in the last quarter. 16.50% of the stock is owned by company insiders.
A number of large investors have recently made changes to their positions in the business. Schroder Investment Management Group purchased a new position in shares of SEI Investments in the third quarter worth $547,000. Wells Fargo & Company MN raised its stake in shares of SEI Investments by 29.1% in the third quarter. Wells Fargo & Company MN now owns 147,586 shares of the asset manager’s stock worth $9,013,000 after purchasing an additional 33,283 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of SEI Investments by 1.4% in the third quarter. Dimensional Fund Advisors LP now owns 500,551 shares of the asset manager’s stock worth $30,565,000 after purchasing an additional 6,753 shares during the last quarter. Nomura Asset Management Co. Ltd. raised its stake in shares of SEI Investments by 15.7% in the third quarter. Nomura Asset Management Co. Ltd. now owns 16,910 shares of the asset manager’s stock worth $1,033,000 after purchasing an additional 2,300 shares during the last quarter. Finally, Cubist Systematic Strategies LLC purchased a new position in shares of SEI Investments in the third quarter worth $387,000. Institutional investors and hedge funds own 70.49% of the company’s stock.
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SEI Investments Company Profile
SEI Investments Co is a publicly owned asset management holding company. Through its subsidiaries, the firm provides wealth management, retirement and investment solutions, asset management, asset administration, investment processing outsourcing solutions, financial services, and investment advisory services to its clients.
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