Wall Street analysts expect SEI Investments (NASDAQ:SEIC) to post earnings per share of $0.77 for the current quarter, according to Zacks. Three analysts have issued estimates for SEI Investments’ earnings, with the highest EPS estimate coming in at $0.79 and the lowest estimate coming in at $0.76. SEI Investments posted earnings of $0.55 per share in the same quarter last year, which suggests a positive year over year growth rate of 40%. The firm is expected to announce its next earnings report on Wednesday, April 18th.
According to Zacks, analysts expect that SEI Investments will report full-year earnings of $3.10 per share for the current financial year, with EPS estimates ranging from $3.05 to $3.16. For the next financial year, analysts expect that the company will post earnings of $3.36 per share, with EPS estimates ranging from $3.15 to $3.58. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that follow SEI Investments.
SEI Investments (NASDAQ:SEIC) last announced its quarterly earnings data on Wednesday, January 31st. The asset manager reported $0.75 EPS for the quarter, beating the Zacks’ 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 the consensus estimate of $397.96 million. During the same period in the previous year, the firm posted $0.55 earnings per share. The firm’s revenue was up 10.7% on a year-over-year basis.
SEIC has been the topic of a number of research analyst reports. Zacks Investment Research downgraded shares of SEI Investments from a “buy” rating to a “hold” rating in a research report on Tuesday, December 26th. BidaskClub downgraded shares of SEI Investments from a “strong-buy” rating to a “buy” rating in a research report on Thursday, January 25th. Oppenheimer reaffirmed a “buy” rating and set a $80.00 price objective on shares of SEI Investments in a research report on Thursday, February 1st. Finally, Sandler O’Neill set a $81.00 target price on shares of SEI Investments and gave the company a “buy” rating in a research note on Tuesday, April 10th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $75.00.
In other SEI Investments news, EVP N Jeffrey Klauder bought 3,637 shares of SEI Investments stock in a transaction on Tuesday, March 13th. The stock was purchased at an average cost of $23.86 per share, for a total transaction of $86,778.82. Following the completion of the purchase, the executive vice president now directly owns 45,831 shares of the company’s stock, valued at $1,093,527.66. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Stephen Meyer sold 4,524 shares of SEI Investments stock in a transaction that occurred on Wednesday, March 21st. The shares were sold at an average price of $77.59, for a total transaction of $351,017.16. Following the completion of the sale, the executive vice president now owns 97,748 shares of the company’s stock, valued at $7,584,267.32. The disclosure for this sale can be found here. Insiders sold 95,348 shares of company stock valued at $7,115,112 over the last quarter. Corporate insiders own 16.50% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of SEIC. Schroder Investment Management Group acquired a new stake in SEI Investments in the third quarter valued at approximately $547,000. Wells Fargo & Company MN lifted its stake in shares of SEI Investments by 29.1% in the third quarter. Wells Fargo & Company MN now owns 147,586 shares of the asset manager’s stock worth $9,013,000 after buying an additional 33,283 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of SEI Investments by 1.4% in the third quarter. Dimensional Fund Advisors LP now owns 500,551 shares of the asset manager’s stock worth $30,565,000 after buying an additional 6,753 shares during the last quarter. Nomura Asset Management Co. Ltd. lifted its stake in shares of SEI Investments by 15.7% in the third quarter. Nomura Asset Management Co. Ltd. now owns 16,910 shares of the asset manager’s stock worth $1,033,000 after buying an additional 2,300 shares during the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new stake in shares of SEI Investments in the third quarter worth $387,000. Hedge funds and other institutional investors own 70.52% of the company’s stock.
Shares of SEIC opened at $70.56 on Monday. SEI Investments has a 52 week low of $49.45 and a 52 week high of $78.35. The company has a market cap of $11,207.72, a P/E ratio of 30.45, a P/E/G ratio of 1.90 and a beta of 1.25. The company has a current ratio of 4.14, a quick ratio of 4.07 and a debt-to-equity ratio of 0.02.
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About SEI Investments
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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