SEI Investments Company (NASDAQ:SEIC) has earned a consensus recommendation of “Buy” from the six research firms that are covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $61.67.
SEIC has been the subject of several recent analyst reports. BidaskClub downgraded shares of SEI Investments from a “strong-buy” rating to a “buy” rating in a research report on Thursday, June 22nd. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $54.00 price target on shares of SEI Investments in a research report on Friday, June 23rd. Mizuho initiated coverage on shares of SEI Investments in a research report on Tuesday, June 27th. They issued a “buy” rating and a $60.00 price target for the company. Oppenheimer Holdings, Inc. lifted their price target on shares of SEI Investments from $55.00 to $60.00 and gave the company an “outperform” rating in a research report on Tuesday, July 11th. Finally, Zacks Investment Research raised shares of SEI Investments from a “hold” rating to a “buy” rating and set a $61.00 price target for the company in a research report on Wednesday, July 12th.
In related news, Director William Doran sold 10,000 shares of SEI Investments stock in a transaction on Wednesday, August 30th. The shares were sold at an average price of $57.49, for a total value of $574,900.00. Following the completion of the sale, the director now owns 671,015 shares of the company’s stock, valued at approximately $38,576,652.35. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider N Jeffrey Klauder sold 30,000 shares of SEI Investments stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $56.35, for a total transaction of $1,690,500.00. Following the completion of the sale, the insider now directly owns 82,194 shares of the company’s stock, valued at approximately $4,631,631.90. The disclosure for this sale can be found here. In the last three months, insiders sold 325,000 shares of company stock valued at $18,540,250. 16.50% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Van ECK Associates Corp lifted its stake in SEI Investments by 6.5% during the 1st quarter. Van ECK Associates Corp now owns 2,222 shares of the asset manager’s stock valued at $112,000 after acquiring an additional 136 shares in the last quarter. Pacer Advisors Inc. lifted its stake in SEI Investments by 3.2% during the 1st quarter. Pacer Advisors Inc. now owns 2,472 shares of the asset manager’s stock valued at $125,000 after acquiring an additional 77 shares in the last quarter. D.A. Davidson & CO. lifted its stake in SEI Investments by 9.3% during the 2nd quarter. D.A. Davidson & CO. now owns 2,983 shares of the asset manager’s stock valued at $160,000 after acquiring an additional 253 shares in the last quarter. Quantbot Technologies LP bought a new position in SEI Investments during the 1st quarter valued at $159,000. Finally, Mosaic Family Wealth LLC lifted its stake in SEI Investments by 6.7% during the 2nd quarter. Mosaic Family Wealth LLC now owns 3,176 shares of the asset manager’s stock valued at $171,000 after acquiring an additional 200 shares in the last quarter. 68.65% of the stock is owned by institutional investors and hedge funds.
SEI Investments (SEIC) traded up 0.60% on Friday, hitting $63.93. 327,647 shares of the stock traded hands. SEI Investments has a 1-year low of $43.63 and a 1-year high of $64.03. The stock has a 50-day moving average price of $59.37 and a 200 day moving average price of $54.57. The company has a market cap of $10.11 billion, a price-to-earnings ratio of 29.31 and a beta of 1.35.
SEI Investments (NASDAQ:SEIC) last announced its quarterly earnings data on Wednesday, July 26th. The asset manager reported $0.57 EPS for the quarter, topping the consensus estimate of $0.55 by $0.02. The company had revenue of $372.30 million during the quarter, compared to the consensus estimate of $369.88 million. SEI Investments had a net margin of 24.44% and a return on equity of 26.60%. The company’s quarterly revenue was up 8.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.49 EPS. On average, analysts anticipate that SEI Investments will post $2.28 EPS for the current fiscal year.
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About SEI Investments
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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