SEI Investments Company (NASDAQ:SEIC) Director Sarah Blumenstein sold 5,000 shares of the company’s stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $65.33, for a total value of $326,650.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Shares of SEI Investments Company (NASDAQ:SEIC) traded up $0.24 during trading on Wednesday, reaching $64.91. 433,400 shares of the company were exchanged, compared to its average volume of 559,822. The company has a current ratio of 5.52, a quick ratio of 5.41 and a debt-to-equity ratio of 0.03. SEI Investments Company has a 12-month low of $46.20 and a 12-month high of $66.00. The stock has a market cap of $10,183.79, a PE ratio of 28.12, a price-to-earnings-growth ratio of 2.29 and a beta of 1.38.
SEI Investments (NASDAQ:SEIC) last announced its quarterly earnings results on Wednesday, October 25th. The asset manager reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.06. SEI Investments had a net margin of 24.94% and a return on equity of 27.12%. The firm had revenue of $368.02 million during the quarter, compared to analysts’ expectations of $384.43 million. During the same period in the prior year, the company earned $0.53 EPS. The firm’s revenue was up 3.8% on a year-over-year basis. analysts predict that SEI Investments Company will post 2.35 earnings per share for the current year.
SEIC has been the subject of a number of research analyst reports. Zacks Investment Research upgraded SEI Investments from a “hold” rating to a “buy” rating and set a $72.00 price objective for the company in a report on Monday, October 30th. Oppenheimer Holdings, Inc. upped their price target on shares of SEI Investments from $60.00 to $67.00 and gave the stock an “outperform” rating in a research report on Thursday, September 28th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $58.00 price target on shares of SEI Investments in a research report on Sunday, September 3rd. Mizuho reaffirmed a “buy” rating and set a $65.00 price target on shares of SEI Investments in a research report on Friday, October 20th. Finally, BidaskClub cut shares of SEI Investments from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 31st. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $65.50.
A number of large investors have recently bought and sold shares of SEIC. BlackRock Inc. boosted its position in SEI Investments by 5.5% in the 2nd quarter. BlackRock Inc. now owns 13,447,854 shares of the asset manager’s stock valued at $723,225,000 after buying an additional 697,125 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its position in SEI Investments by 47.6% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,907,730 shares of the asset manager’s stock valued at $102,598,000 after buying an additional 615,539 shares during the last quarter. Vanguard Group Inc. boosted its position in SEI Investments by 2.8% in the 2nd quarter. Vanguard Group Inc. now owns 13,260,600 shares of the asset manager’s stock valued at $713,155,000 after buying an additional 357,187 shares during the last quarter. Frontier Capital Management Co. LLC boosted its position in SEI Investments by 51.2% in the 3rd quarter. Frontier Capital Management Co. LLC now owns 968,388 shares of the asset manager’s stock valued at $59,130,000 after buying an additional 328,037 shares during the last quarter. Finally, Prudential Financial Inc. boosted its position in SEI Investments by 88.3% in the 3rd quarter. Prudential Financial Inc. now owns 509,716 shares of the asset manager’s stock valued at $31,123,000 after buying an additional 239,000 shares during the last quarter. 68.84% of the stock is owned by institutional investors.
SEI Investments Company Profile
SEI Investments Company provides investment processing, investment management and investment operations solutions. The Company provides its solutions to financial institutions, financial advisors, institutional investors, investment managers and ultra-high-net-worth families in the United States, Canada, the United Kingdom, continental Europe and various other locations around the world.
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