SEI Investments (SEIC) Scheduled to Post Earnings on Thursday

SEI Investments (NASDAQ:SEIC) is scheduled to be issuing its quarterly earnings data on Thursday, April 18th.

SEI Investments (NASDAQ:SEIC) last issued its quarterly earnings data on Wednesday, January 31st. The asset manager reported $0.91 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.91. The business had revenue of $484.86 million for the quarter, compared to the consensus estimate of $481.39 million. SEI Investments had a return on equity of 22.40% and a net margin of 24.08%. During the same period in the prior year, the business earned $0.83 earnings per share. On average, analysts expect SEI Investments to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

SEI Investments Price Performance

NASDAQ:SEIC traded down $0.31 on Wednesday, reaching $66.10. The stock had a trading volume of 316,075 shares, compared to its average volume of 561,863. The company has a market cap of $8.68 billion, a price-to-earnings ratio of 19.19, a P/E/G ratio of 1.37 and a beta of 1.02. SEI Investments has a 12-month low of $52.19 and a 12-month high of $72.54. The firm’s fifty day moving average is $68.54 and its two-hundred day moving average is $63.01.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on SEIC. Piper Sandler lifted their price target on SEI Investments from $66.00 to $72.00 and gave the company a “neutral” rating in a report on Wednesday, April 10th. StockNews.com upgraded SEI Investments from a “hold” rating to a “buy” rating in a report on Saturday, March 2nd. Finally, Oppenheimer lifted their target price on SEI Investments from $77.00 to $80.00 and gave the company an “outperform” rating in a report on Tuesday, April 9th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $70.25.

Insider Buying and Selling

In other news, EVP Wayne Withrow sold 16,970 shares of SEI Investments stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $66.16, for a total transaction of $1,122,735.20. Following the sale, the executive vice president now directly owns 55,399 shares of the company’s stock, valued at $3,665,197.84. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, insider Sanjay Sharma sold 15,000 shares of the firm’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $67.20, for a total value of $1,008,000.00. Following the transaction, the insider now directly owns 16,895 shares in the company, valued at approximately $1,135,344. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Wayne Withrow sold 16,970 shares of the business’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $66.16, for a total transaction of $1,122,735.20. Following the sale, the executive vice president now directly owns 55,399 shares of the company’s stock, valued at approximately $3,665,197.84. The disclosure for this sale can be found here. Insiders have sold 206,333 shares of company stock valued at $14,481,612 in the last quarter. Company insiders own 15.50% of the company’s stock.

Hedge Funds Weigh In On SEI Investments

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Price T Rowe Associates Inc. MD grew its stake in SEI Investments by 1.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 51,091 shares of the asset manager’s stock worth $3,248,000 after buying an additional 607 shares during the last quarter. Mercer Global Advisors Inc. ADV boosted its holdings in shares of SEI Investments by 3.5% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 7,422 shares of the asset manager’s stock valued at $472,000 after acquiring an additional 250 shares during the period. Systematic Portfolios LLC bought a new position in shares of SEI Investments during the fourth quarter worth about $203,000. Legal & General Group Plc increased its holdings in shares of SEI Investments by 7.6% in the 4th quarter. Legal & General Group Plc now owns 1,024,549 shares of the asset manager’s stock worth $65,110,000 after acquiring an additional 72,185 shares during the period. Finally, Voloridge Investment Management LLC lifted its position in SEI Investments by 75.3% in the 4th quarter. Voloridge Investment Management LLC now owns 167,908 shares of the asset manager’s stock valued at $10,671,000 after purchasing an additional 72,140 shares during the last quarter. 70.59% of the stock is currently owned by institutional investors and hedge funds.

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.