SEI Investments (NASDAQ:SEIC) – Research analysts at Oppenheimer increased their Q1 2018 earnings per share estimates for shares of SEI Investments in a research report issued on Monday, according to Zacks Investment Research. Oppenheimer analyst G. Greene now anticipates that the asset manager will post earnings per share of $0.77 for the quarter, up from their prior estimate of $0.65. Oppenheimer has a “Buy” rating and a $80.00 price objective on the stock. Oppenheimer also issued estimates for SEI Investments’ Q2 2018 earnings at $0.78 EPS, Q3 2018 earnings at $0.82 EPS and Q4 2018 earnings at $0.85 EPS.
SEI Investments (NASDAQ:SEIC) last released its quarterly earnings results on Wednesday, January 31st. The asset manager reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $0.15. SEI Investments had a net margin of 26.49% and a return on equity of 27.16%. The firm had revenue of $408.22 million for the quarter, compared to analysts’ expectations of $397.96 million. During the same quarter last year, the company earned $0.55 EPS. The firm’s revenue for the quarter was up 10.7% compared to the same quarter last year.
A number of other research analysts have also weighed in on SEIC. Mizuho restated a “buy” rating and issued a $65.00 price objective on shares of SEI Investments in a report on Friday, October 20th. 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, BidaskClub lowered SEI Investments from a “strong-buy” rating to a “buy” rating in a report on Thursday, January 25th. Three investment analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. SEI Investments presently has a consensus rating of “Buy” and an average target price of $73.50.
SEI Investments (SEIC) traded down $1.14 during trading on Wednesday, reaching $74.26. 838,272 shares of the company were exchanged, compared to its average volume of 568,616. 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 cap of $11,834.11 and a PE ratio of 29.70. SEI Investments has a 1 year low of $47.93 and a 1 year high of $77.49.
The company also recently disclosed a semiannual dividend, which was paid on Monday, January 8th. Shareholders of record on Wednesday, December 27th were issued a $0.30 dividend. The ex-dividend date was Tuesday, December 26th. This represents a yield of 0.85%. This is a positive change from SEI Investments’s previous semiannual dividend of $0.28. SEI Investments’s dividend payout ratio (DPR) is presently 24.00%.
SEI Investments declared that its board has authorized a stock repurchase plan on Wednesday, October 25th that permits the company to repurchase $200.00 million in shares. This repurchase authorization permits the asset manager to repurchase shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.
In other news, insider N Jeffrey Klauder sold 20,000 shares of SEI Investments stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $68.39, for a total transaction of $1,367,800.00. Following the transaction, the insider now owns 62,194 shares in the company, valued at approximately $4,253,447.66. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Sarah Blumenstein sold 5,000 shares of SEI Investments 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 disclosure for this sale can be found here. Insiders sold a total of 76,250 shares of company stock worth $5,177,350 in the last 90 days. 16.50% of the stock is currently owned by insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of SEIC. Victory Capital Management Inc. raised its holdings in SEI Investments by 21.3% in the 2nd quarter. Victory Capital Management Inc. now owns 27,382 shares of the asset manager’s stock valued at $1,473,000 after buying an additional 4,808 shares during the period. Prudential Financial Inc. grew its position in SEI Investments by 88.3% in the 3rd quarter. Prudential Financial Inc. now owns 509,716 shares of the asset manager’s stock valued at $31,123,000 after acquiring an additional 239,000 shares in the last quarter. Atlantic Trust Group LLC grew its position in SEI Investments by 2.5% in the 3rd quarter. Atlantic Trust Group LLC now owns 70,010 shares of the asset manager’s stock valued at $4,275,000 after acquiring an additional 1,715 shares in the last quarter. Shell Asset Management Co. grew its position in SEI Investments by 238.1% in the 3rd quarter. Shell Asset Management Co. now owns 22,578 shares of the asset manager’s stock valued at $816,000 after acquiring an additional 15,900 shares in the last quarter. Finally, American Capital Management Inc. grew its position in SEI Investments by 0.5% in the 3rd quarter. American Capital Management Inc. now owns 849,780 shares of the asset manager’s stock valued at $51,888,000 after acquiring an additional 4,620 shares in the last quarter. Institutional investors and hedge funds own 70.29% of the company’s stock.
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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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