SEI Investments (NASDAQ:SEIC) EVP N Jeffrey Klauder bought 3,637 shares of SEI Investments stock in a transaction dated Tuesday, March 13th. The shares were acquired at an average cost of $23.86 per share, with a total value of $86,778.82. Following the completion of the purchase, the executive vice president now owns 45,831 shares in the company, valued at $1,093,527.66. The acquisition was disclosed in a filing with the SEC, which is available through this link.
N Jeffrey Klauder also recently made the following trade(s):
- On Friday, February 16th, N Jeffrey Klauder sold 20,000 shares of SEI Investments stock. The stock was sold at an average price of $73.77, for a total value of $1,475,400.00.
Shares of SEIC opened at $72.78 on Friday. SEI Investments has a 52-week low of $49.45 and a 52-week high of $78.35. The firm has a market capitalization of $11,737.68, a price-to-earnings ratio of 31.37, a P/E/G ratio of 1.92 and a beta of 1.25. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.14 and a quick ratio of 4.07.
SEI Investments (NASDAQ:SEIC) last issued its earnings results on Wednesday, January 31st. The asset manager reported $0.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.60 by $0.15. SEI Investments had a return on equity of 26.74% and a net margin of 26.49%. The business had revenue of $408.22 million during the quarter, compared to the consensus estimate of $397.96 million. During the same period last year, the company earned $0.55 EPS. The company’s revenue for the quarter 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.
Several institutional investors and hedge funds have recently modified their holdings of the business. Invictus RG purchased a new position in shares of SEI Investments during the 3rd quarter worth $111,000. Icon Wealth Partners LLC purchased a new position in SEI Investments during the 4th quarter valued at about $121,000. Woodard & Co. Asset Management Group Inc. ADV purchased a new position in SEI Investments during the 4th quarter valued at about $122,000. Gradient Investments LLC purchased a new position in SEI Investments during the 4th quarter valued at about $207,000. Finally, Venturi Wealth Management LLC purchased a new position in SEI Investments during the 3rd quarter valued at about $208,000. 70.50% of the stock is owned by institutional investors and hedge funds.
Several research firms recently commented on SEIC. Zacks Investment Research downgraded SEI Investments from a “hold” rating to a “sell” rating in a research note on Tuesday, April 3rd. BidaskClub raised SEI Investments from a “buy” rating to a “strong-buy” rating in a research note on Thursday, March 22nd. Finally, Oppenheimer reissued a “buy” rating and issued a $80.00 price objective on shares of SEI Investments in a research note on Thursday, February 1st. One research analyst has rated the stock with a sell rating, two have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $73.50.
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SEI Investments Company Profile
SEI Investments Co is a publicly owned asset management holding company. Through its subsidiaries, the firm provides wealth management, retirement and investment solutions, asset management, asset administration, investment processing outsourcing solutions, financial services, and investment advisory services to its clients.
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