Paul Klauder Sells 7,500 Shares of SEI Investments (SEIC) Stock

SEI Investments (NASDAQ:SEIC) insider Paul Klauder sold 7,500 shares of SEI Investments stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $52.89, for a total value of $396,675.00. Following the sale, the insider now directly owns 24,841 shares of the company’s stock, valued at approximately $1,313,840.49. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Paul Klauder also recently made the following trade(s):

  • On Tuesday, February 5th, Paul Klauder acquired 3,110 shares of SEI Investments stock. The shares were acquired at an average cost of $49.81 per share, with a total value of $154,909.10.

Shares of SEIC traded down $0.53 during trading hours on Wednesday, hitting $51.81. The company had a trading volume of 27,444 shares, compared to its average volume of 692,688. The company has a market cap of $8.10 billion, a P/E ratio of 16.51, a P/E/G ratio of 1.48 and a beta of 1.25. SEI Investments has a 52-week low of $42.27 and a 52-week high of $78.35.

SEI Investments (NASDAQ:SEIC) last released its quarterly earnings data on Wednesday, January 30th. The asset manager reported $0.73 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.74 by ($0.01). The company had revenue of $405.05 million during the quarter, compared to analysts’ expectations of $403.45 million. SEI Investments had a return on equity of 31.48% and a net margin of 31.15%. The firm’s quarterly revenue was down .8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.75 EPS. Analysts expect that SEI Investments will post 2.97 earnings per share for the current year.

SEI Investments declared that its board has approved a stock buyback program on Tuesday, December 11th that authorizes the company to repurchase $250.00 million in outstanding shares. This repurchase authorization authorizes the asset manager to buy up to 3.3% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s management believes its shares are undervalued.

Several institutional investors and hedge funds have recently added to or reduced their stakes in SEIC. BB&T Corp increased its holdings in SEI Investments by 0.8% during the 4th quarter. BB&T Corp now owns 99,424 shares of the asset manager’s stock valued at $4,593,000 after purchasing an additional 808 shares during the period. Deutsche Bank AG increased its holdings in SEI Investments by 36.4% during the 3rd quarter. Deutsche Bank AG now owns 686,500 shares of the asset manager’s stock valued at $41,940,000 after purchasing an additional 183,302 shares during the period. Virtu Financial LLC increased its holdings in SEI Investments by 79.1% during the 4th quarter. Virtu Financial LLC now owns 8,081 shares of the asset manager’s stock valued at $373,000 after purchasing an additional 3,569 shares during the period. Paloma Partners Management Co purchased a new position in SEI Investments during the 3rd quarter valued at about $1,051,000. Finally, Kayne Anderson Rudnick Investment Management LLC increased its holdings in SEI Investments by 24.9% during the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 410,144 shares of the asset manager’s stock valued at $18,949,000 after purchasing an additional 81,789 shares during the period. Hedge funds and other institutional investors own 68.44% of the company’s stock.

SEIC has been the subject of several research analyst reports. BidaskClub lowered SEI Investments from a “sell” rating to a “strong sell” rating in a research note on Tuesday, December 4th. Rosenblatt Securities initiated coverage on SEI Investments in a research note on Wednesday, December 5th. They set a “neutral” rating and a $59.00 price objective for the company. TheStreet lowered SEI Investments from a “b” rating to a “c+” rating in a research note on Wednesday, December 12th. ValuEngine lowered SEI Investments from a “hold” rating to a “sell” rating in a research note on Wednesday, January 2nd. Finally, Oppenheimer dropped their price objective on SEI Investments from $68.00 to $60.00 and set an “outperform” rating for the company in a research note on Wednesday, January 9th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $67.83.

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About SEI Investments

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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Insider Buying and Selling by Quarter for SEI Investments (NASDAQ:SEIC)

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