SEI Investments (NASDAQ:SEIC) EVP Paul Klauder sold 10,000 shares of SEI Investments stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $73.52, for a total transaction of $735,200.00. Following the completion of the transaction, the executive vice president now owns 24,129 shares of the company’s stock, valued at approximately $1,773,964.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
SEI Investments (NASDAQ SEIC) opened at $73.95 on Thursday. SEI Investments has a one year low of $49.04 and a one year high of $77.49. The company has a quick ratio of 4.07, a current ratio of 4.14 and a debt-to-equity ratio of 0.02. The stock has a market cap of $11,650.00, a P/E ratio of 29.70, a PEG ratio of 1.90 and a beta of 1.29.
SEI Investments (NASDAQ:SEIC) last posted its quarterly earnings data on Wednesday, January 31st. The asset manager reported $0.75 earnings per share for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $397.96 million. During the same quarter in the previous year, the company posted $0.55 EPS. SEI Investments’s revenue was up 10.7% on a year-over-year basis. sell-side analysts forecast that SEI Investments will post 3.24 EPS for the current fiscal year.
SEI Investments declared that its board has authorized a stock 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 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.
A number of hedge funds have recently bought and sold shares of the stock. CIBC Asset Management Inc raised its position in SEI Investments by 11.5% in the 4th quarter. CIBC Asset Management Inc now owns 7,091 shares of the asset manager’s stock worth $510,000 after purchasing an additional 734 shares during the last quarter. Meadow Creek Investment Management LLC raised its position in SEI Investments by 10.7% in the 4th quarter. Meadow Creek Investment Management LLC now owns 7,936 shares of the asset manager’s stock worth $570,000 after purchasing an additional 768 shares during the last quarter. Xact Kapitalforvaltning AB raised its position in SEI Investments by 8.3% in the 3rd quarter. Xact Kapitalforvaltning AB now owns 11,787 shares of the asset manager’s stock worth $720,000 after purchasing an additional 899 shares during the last quarter. Profund Advisors LLC raised its position in SEI Investments by 6.3% in the 4th quarter. Profund Advisors LLC now owns 15,860 shares of the asset manager’s stock worth $1,140,000 after purchasing an additional 941 shares during the last quarter. Finally, Court Place Advisors LLC raised its position in SEI Investments by 1.1% in the 3rd quarter. Court Place Advisors LLC now owns 88,107 shares of the asset manager’s stock worth $5,380,000 after purchasing an additional 950 shares during the last quarter. Hedge funds and other institutional investors own 70.95% of the company’s stock.
SEIC has been the subject of a number of research analyst reports. Zacks Investment Research upgraded shares of SEI Investments from a “hold” rating to a “buy” rating and set a $72.00 target price for the company in a research note on Monday, October 30th. Mizuho reiterated a “buy” rating and issued a $72.00 target price on shares of SEI Investments in a research note on Friday, November 17th. BidaskClub cut shares of SEI Investments from a “strong-buy” rating to a “buy” rating in a research note on Thursday, January 25th. Finally, Oppenheimer reiterated a “buy” rating and issued a $80.00 target price on shares of SEI Investments in a research note on Thursday, February 1st. Three research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. The stock has a consensus 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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