SEI Investments (NASDAQ:SEIC) Receives Consensus Recommendation of “Hold” from Analysts

SEI Investments (NASDAQ:SEIC) has received an average recommendation of “Hold” from the nine ratings firms that are covering the firm, Marketbeat.com reports. Five analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $66.20.

SEIC has been the topic of several research analyst reports. BidaskClub cut shares of Xencor from a “sell” rating to a “strong sell” rating in a research report on Tuesday, June 11th. Zacks Investment Research upgraded shares of HB Fuller from a “sell” rating to a “hold” rating in a research report on Tuesday, June 11th. Keefe, Bruyette & Woods cut shares of SEI Investments from an “outperform” rating to a “market perform” rating and boosted their price target for the company from $56.00 to $64.00 in a report on Sunday, April 14th. William Blair restated a “market perform” rating on shares of W W Grainger in a report on Monday, April 22nd. Finally, ValuEngine upgraded shares of China Southern Airlines from a “sell” rating to a “hold” rating in a report on Tuesday, June 11th.

In other news, Director Sarah Blumenstein sold 5,000 shares of the business’s stock in a transaction on Friday, May 10th. The shares were sold at an average price of $51.96, for a total transaction of $259,800.00. Following the transaction, the director now directly owns 10,681 shares in the company, valued at approximately $554,984.76. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 22.60% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in SEIC. Norges Bank acquired a new stake in shares of SEI Investments in the 4th quarter valued at $65,129,000. FIL Ltd acquired a new stake in shares of SEI Investments in the 1st quarter valued at $30,695,000. Millennium Management LLC lifted its stake in shares of SEI Investments by 78.4% in the 4th quarter. Millennium Management LLC now owns 1,275,814 shares of the asset manager’s stock valued at $58,943,000 after purchasing an additional 560,833 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of SEI Investments by 67.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 866,478 shares of the asset manager’s stock valued at $40,030,000 after purchasing an additional 349,016 shares during the last quarter. Finally, Parnassus Investments CA lifted its stake in shares of SEI Investments by 25.4% in the 1st quarter. Parnassus Investments CA now owns 1,590,474 shares of the asset manager’s stock valued at $83,102,000 after purchasing an additional 322,254 shares during the last quarter. 68.75% of the stock is owned by institutional investors and hedge funds.

NASDAQ SEIC traded up $0.53 on Friday, hitting $56.79. 19,227 shares of the stock were exchanged, compared to its average volume of 523,694. SEI Investments has a 52-week low of $42.27 and a 52-week high of $64.90. The company has a debt-to-equity ratio of 0.03, a current ratio of 5.86 and a quick ratio of 5.68. The company has a market cap of $8.53 billion, a P/E ratio of 18.15, a price-to-earnings-growth ratio of 1.47 and a beta of 1.27. The business’s 50-day moving average price is $54.65.

SEI Investments (NASDAQ:SEIC) last posted its quarterly earnings data on Wednesday, April 24th. The asset manager reported $0.73 earnings per share for the quarter, missing the consensus estimate of $0.76 by ($0.03). SEI Investments had a return on equity of 29.76% and a net margin of 29.64%. The firm had revenue of $400.82 million for the quarter, compared to analysts’ expectations of $404.82 million. During the same quarter in the previous year, the firm posted $0.86 earnings per share. The company’s revenue for the quarter was down 1.2% on a year-over-year basis. Equities analysts forecast that SEI Investments will post 3.18 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, June 20th. Stockholders of record on Wednesday, June 12th were issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 2.32%. The ex-dividend date was Tuesday, June 11th. SEI Investments’s dividend payout ratio is currently 21.02%.

About SEI Investments

SEI Investments Company 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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Analyst Recommendations for SEI Investments (NASDAQ:SEIC)

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