News stories about SEI Investments (NASDAQ:SEIC) have been trending somewhat positive on Friday, according to Accern Sentiment Analysis. The research group identifies positive and negative media coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. SEI Investments earned a daily sentiment score of 0.12 on Accern’s scale. Accern also gave news stories about the asset manager an impact score of 45.9945939501984 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Here are some of the news stories that may have effected Accern Sentiment Analysis’s rankings:
SEI Investments (SEIC) opened at $75.58 on Friday. The company has a quick ratio of 5.41, a current ratio of 5.52 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $11,900.00, a price-to-earnings ratio of 33.00, a price-to-earnings-growth ratio of 2.09 and a beta of 1.40. SEI Investments has a fifty-two week low of $47.88 and a fifty-two week high of $75.60.
SEI Investments (NASDAQ:SEIC) last issued its earnings results on Wednesday, October 25th. The asset manager reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.06. SEI Investments had a return on equity of 27.12% and a net margin of 24.94%. The business had revenue of $368.02 million during the quarter, compared to the consensus estimate of $384.43 million. During the same period last year, the company earned $0.53 EPS. The company’s revenue for the quarter was up 3.8% on a year-over-year basis. equities research analysts forecast that SEI Investments will post 2.36 earnings per share for the current fiscal year.
The business also recently announced a semiannual dividend, which was paid on Monday, January 8th. Shareholders of record on Wednesday, December 27th were paid a $0.30 dividend. The ex-dividend date of this dividend was Tuesday, December 26th. This is an increase from SEI Investments’s previous semiannual dividend of $0.28. This represents a dividend yield of 0.85%. SEI Investments’s dividend payout ratio (DPR) is 26.20%.
SEI Investments announced that its Board of Directors has initiated a share repurchase program on Wednesday, October 25th that authorizes the company to repurchase $200.00 million in shares. This repurchase authorization authorizes the asset manager to repurchase shares of its stock through open market purchases. Shares repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.
A number of brokerages have weighed in on SEIC. Mizuho restated a “buy” rating and issued a $72.00 price objective on shares of SEI Investments in a report on Friday, November 17th. Zacks Investment Research upgraded SEI Investments from a “hold” rating to a “buy” rating and set a $72.00 price objective on the stock in a report on Monday, October 30th. Finally, Oppenheimer raised their price objective on SEI Investments from $60.00 to $67.00 and gave the company an “outperform” rating in a report on Thursday, September 28th. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $70.25.
In other SEI Investments news, Director Sarah Blumenstein sold 5,000 shares of the firm’s stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $65.33, for a total value of $326,650.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider N Jeffrey Klauder sold 10,000 shares of the firm’s stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $64.77, for a total value of $647,700.00. Following the completion of the sale, the insider now directly owns 51,042 shares of the company’s stock, valued at $3,305,990.34. The disclosure for this sale can be found here. Insiders sold a total of 136,250 shares of company stock valued at $9,057,050 over the last ninety days. Corporate insiders own 16.50% of the company’s stock.
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About SEI Investments
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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