SEI Investments (NASDAQ:SEIC) EVP Joseph P. Ujobai sold 20,000 shares of the company’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $72.81, for a total transaction of $1,456,200.00. Following the transaction, the executive vice president now owns 32,540 shares in the company, valued at approximately $2,369,237.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Shares of SEI Investments (NASDAQ:SEIC) traded up $0.34 during midday trading on Tuesday, hitting $73.76. 644,200 shares of the stock traded hands, compared to its average volume of 664,153. SEI Investments has a 52-week low of $49.04 and a 52-week high of $77.49. The firm has a market capitalization of $11,585.41, a price-to-earnings ratio of 29.50, a P/E/G ratio of 1.90 and a beta of 1.30. The company has a quick ratio of 4.07, a current ratio of 4.14 and a debt-to-equity ratio of 0.02.
SEI Investments (NASDAQ:SEIC) last announced its quarterly earnings data on Wednesday, January 31st. The asset manager reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.15. SEI Investments had a net margin of 26.49% and a return on equity of 26.74%. The firm had revenue of $408.22 million for the quarter, compared to analyst estimates of $397.96 million. During the same quarter in the prior year, the business earned $0.55 earnings per share. The business’s quarterly revenue was up 10.7% compared to the same quarter last year. sell-side analysts forecast that SEI Investments will post 3.24 earnings per share for the current fiscal year.
SEI Investments announced that its board has authorized a share buyback program on Wednesday, October 25th that allows the company to repurchase $200.00 million in outstanding shares. This repurchase authorization allows the asset manager to buy shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.
Several institutional investors and hedge funds have recently bought and sold shares of SEIC. Frontier Capital Management Co. LLC raised its holdings in shares of SEI Investments by 51.2% in the 3rd quarter. Frontier Capital Management Co. LLC now owns 968,388 shares of the asset manager’s stock worth $59,130,000 after acquiring an additional 328,037 shares during the last quarter. BlackRock Inc. raised its holdings in shares of SEI Investments by 1.9% in the 4th quarter. BlackRock Inc. now owns 13,949,844 shares of the asset manager’s stock worth $1,002,436,000 after acquiring an additional 254,860 shares during the last quarter. First Trust Advisors LP raised its holdings in shares of SEI Investments by 382.4% in the 4th quarter. First Trust Advisors LP now owns 308,516 shares of the asset manager’s stock worth $22,170,000 after acquiring an additional 244,567 shares during the last quarter. Prudential Financial Inc. raised its holdings in shares of SEI Investments by 88.3% in the 3rd quarter. Prudential Financial Inc. now owns 509,716 shares of the asset manager’s stock worth $31,123,000 after acquiring an additional 239,000 shares during the last quarter. Finally, Acadian Asset Management LLC raised its holdings in shares of SEI Investments by 268.8% in the 4th quarter. Acadian Asset Management LLC now owns 288,565 shares of the asset manager’s stock worth $20,737,000 after acquiring an additional 210,319 shares during the last quarter. Institutional investors own 70.95% of the company’s stock.
Several equities analysts have recently weighed in on the stock. Oppenheimer reiterated a “buy” rating and set a $80.00 price objective on shares of SEI Investments in a report on Thursday, February 1st. BidaskClub lowered shares of SEI Investments from a “buy” rating to a “hold” rating in a report on Wednesday, January 31st. Mizuho reiterated a “buy” rating and set a $72.00 price objective on shares of SEI Investments in a report on Friday, November 17th. Finally, Zacks Investment Research lowered shares of SEI Investments from a “buy” rating to a “hold” rating in a report on Tuesday, December 26th. Three investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $73.50.
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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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