SEI Investments Company (NASDAQ:SEIC) insider N Jeffrey Klauder sold 10,000 shares of the firm’s stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $64.77, for a total transaction of $647,700.00. Following the completion of the transaction, the insider now directly owns 51,042 shares in the company, valued at approximately $3,305,990.34. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.
Shares of SEI Investments Company (SEIC) traded up $0.82 during trading hours on Monday, hitting $65.73. 239,077 shares of the company were exchanged, compared to its average volume of 525,013. The firm has a market cap of $10,221.59, a P/E ratio of 28.22, a price-to-earnings-growth ratio of 2.30 and a beta of 1.38. The company has a quick ratio of 5.41, a current ratio of 5.52 and a debt-to-equity ratio of 0.03. SEI Investments Company has a 1-year low of $43.65 and a 1-year high of $65.30.
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, beating analysts’ consensus estimates of $0.57 by $0.06. The business had revenue of $368.02 million for the quarter, compared to the consensus estimate of $384.43 million. SEI Investments had a net margin of 24.94% and a return on equity of 27.12%. SEI Investments’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same period last year, the company posted $0.53 EPS. equities analysts anticipate that SEI Investments Company will post 2.35 earnings per share for the current year.
SEI Investments announced that its Board of Directors has authorized a share repurchase plan on Wednesday, October 25th that permits the company to repurchase $200.00 million in outstanding shares. This repurchase authorization permits the asset manager to purchase shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board of directors believes its stock is undervalued.
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SEIC has been the topic of several recent research reports. BidaskClub lowered shares of SEI Investments from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 31st. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $58.00 target price on shares of SEI Investments in a research note on Thursday, July 27th. Mizuho reaffirmed a “buy” rating and issued a $65.00 target price on shares of SEI Investments in a research note on Friday, October 20th. Oppenheimer Holdings, Inc. raised their target price on shares of SEI Investments from $60.00 to $67.00 and gave the company an “outperform” rating in a research note on Thursday, September 28th. Finally, Zacks Investment Research raised shares of SEI Investments from a “hold” rating to a “buy” rating and set a $61.00 target price on the stock in a research note on Wednesday, July 12th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. SEI Investments has an average rating of “Buy” and an average price target of $65.50.
Large investors have recently made changes to their positions in the stock. Meeder Asset Management Inc. raised its position in shares of SEI Investments by 7,575.0% in the 3rd quarter. Meeder Asset Management Inc. now owns 2,456 shares of the asset manager’s stock valued at $150,000 after acquiring an additional 2,424 shares during the period. Pacer Advisors Inc. raised its position in shares of SEI Investments by 8.2% in the 2nd quarter. Pacer Advisors Inc. now owns 2,675 shares of the asset manager’s stock valued at $144,000 after acquiring an additional 203 shares during the period. D.A. Davidson & CO. raised its holdings 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 worth $160,000 after buying an additional 253 shares during the period. Mosaic Family Wealth LLC raised its holdings 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 worth $171,000 after buying an additional 200 shares during the period. Finally, Legacy Advisors LLC acquired a new stake in SEI Investments during the 3rd quarter worth approximately $180,000. Institutional investors and hedge funds own 69.25% of the company’s stock.
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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