Press coverage about SEI Investments (NASDAQ:SEIC) has trended somewhat positive this week, Accern reports. The research firm identifies positive and negative news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. SEI Investments earned a media sentiment score of 0.13 on Accern’s scale. Accern also gave media coverage about the asset manager an impact score of 47.0379094922764 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
These are some of the headlines that may have effected Accern Sentiment Analysis’s scoring:
SEI Investments (SEIC) opened at 64.87 on Friday. The stock’s 50 day moving average price is $60.79 and its 200-day moving average price is $55.44. SEI Investments has a 12 month low of $43.65 and a 12 month high of $65.30. The company has a market capitalization of $10.26 billion, a P/E ratio of 29.74 and a beta of 1.35.
SEI Investments (NASDAQ:SEIC) last announced its earnings results on Wednesday, October 25th. The asset manager reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.06. SEI Investments had a return on equity of 27.56% and a net margin of 24.94%. The firm had revenue of $368.02 million during the quarter, compared to analyst estimates of $384.43 million. During the same quarter in the prior year, the company earned $0.53 EPS. The business’s revenue was up 3.8% compared to the same quarter last year. On average, equities research analysts predict that SEI Investments will post $2.28 EPS for the current fiscal year.
SEI Investments announced that its Board of Directors has approved a stock repurchase plan on Wednesday, October 25th that allows the company to buyback $200.00 million in outstanding shares. This buyback authorization allows the asset manager to repurchase shares of its stock through open market purchases. Stock buyback plans are often an indication that the company’s management believes its stock is undervalued.
SEIC has been the topic of a number of research analyst reports. Oppenheimer Holdings, Inc. increased their target price on SEI Investments from $60.00 to $67.00 and gave the stock an “outperform” rating in a report on Thursday, September 28th. Zacks Investment Research downgraded SEI Investments from a “buy” rating to a “hold” rating in a research report on Wednesday, September 6th. Keefe, Bruyette & Woods restated a “hold” rating and set a $58.00 price objective on shares of SEI Investments in a research report on Sunday, September 3rd. Mizuho restated a “buy” rating and set a $65.00 price objective on shares of SEI Investments in a research report on Friday, October 20th. Finally, BidaskClub upgraded SEI Investments from a “buy” rating to a “strong-buy” rating in a research report on Thursday, July 13th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. SEI Investments presently has an average rating of “Buy” and a consensus price target of $62.75.
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In related news, insider Stephen Meyer sold 20,000 shares of the firm’s stock in a transaction on Thursday, September 28th. The stock was sold at an average price of $61.51, for a total value of $1,230,200.00. Following the transaction, the insider now directly owns 113,224 shares of the company’s stock, valued at approximately $6,964,408.24. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director William Doran sold 10,000 shares of the firm’s stock in a transaction on Wednesday, August 30th. The stock was sold at an average price of $57.49, for a total value of $574,900.00. Following the completion of the transaction, the director now directly owns 671,015 shares in the company, valued at $38,576,652.35. The disclosure for this sale can be found here. Insiders have sold a total of 325,000 shares of company stock worth $18,540,250 over the last three months. Insiders own 16.50% 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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