SEI Investments (NASDAQ:SEIC) – Equities research analysts at William Blair increased their Q3 2018 earnings estimates for shares of SEI Investments in a report released on Tuesday, October 9th. William Blair analyst C. Shutler now forecasts that the asset manager will post earnings of $0.76 per share for the quarter, up from their prior estimate of $0.75. William Blair also issued estimates for SEI Investments’ Q4 2018 earnings at $0.77 EPS, FY2018 earnings at $3.17 EPS, Q1 2019 earnings at $0.80 EPS, Q2 2019 earnings at $0.83 EPS, Q3 2019 earnings at $0.86 EPS, Q4 2019 earnings at $0.88 EPS and FY2019 earnings at $3.37 EPS.
SEIC has been the topic of a number of other reports. BidaskClub lowered shares of SEI Investments from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 4th. Zacks Investment Research lowered shares of SEI Investments from a “buy” rating to a “hold” rating in a research note on Tuesday, July 17th. ValuEngine lowered shares of SEI Investments from a “hold” rating to a “sell” rating in a research note on Monday, October 8th. Finally, Mizuho reaffirmed a “buy” rating and issued a $85.00 price objective on shares of SEI Investments in a research note on Friday, July 20th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the stock. SEI Investments currently has a consensus rating of “Hold” and an average target price of $78.75.
NASDAQ:SEIC opened at $54.94 on Thursday. SEI Investments has a 52 week low of $54.18 and a 52 week high of $78.35. The firm has a market capitalization of $9.58 billion, a PE ratio of 23.68, a PEG ratio of 1.62 and a beta of 1.14.
SEI Investments (NASDAQ:SEIC) last announced its quarterly earnings results on Thursday, July 19th. The asset manager reported $0.75 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.76 by ($0.01). SEI Investments had a net margin of 30.25% and a return on equity of 29.98%. The business had revenue of $404.80 million during the quarter, compared to analyst estimates of $405.58 million. During the same quarter last year, the company posted $0.57 earnings per share. The company’s revenue was up 8.7% compared to the same quarter last year.
In other SEI Investments news, EVP Kevin Barr sold 25,000 shares of the firm’s stock in a transaction on Wednesday, August 1st. The shares were sold at an average price of $59.14, for a total value of $1,478,500.00. Following the transaction, the executive vice president now directly owns 69,134 shares of the company’s stock, valued at $4,088,584.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Joseph P. Ujobai sold 1,473 shares of the firm’s stock in a transaction on Monday, August 13th. The shares were sold at an average price of $59.84, for a total transaction of $88,144.32. Following the completion of the transaction, the insider now directly owns 14,013 shares in the company, valued at $838,537.92. The disclosure for this sale can be found here. Insiders sold 42,973 shares of company stock worth $2,598,794 over the last ninety days. Insiders own 17.30% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in SEIC. Millennium Management LLC lifted its stake in shares of SEI Investments by 111.3% in the second quarter. Millennium Management LLC now owns 837,744 shares of the asset manager’s stock valued at $52,376,000 after buying an additional 441,285 shares in the last quarter. Prana Capital Management LP purchased a new stake in shares of SEI Investments in the second quarter valued at about $20,768,000. BlackRock Inc. raised its holdings in shares of SEI Investments by 2.3% in the second quarter. BlackRock Inc. now owns 13,385,091 shares of the asset manager’s stock valued at $836,835,000 after purchasing an additional 298,517 shares during the last quarter. Natixis raised its holdings in shares of SEI Investments by 5,554.5% in the first quarter. Natixis now owns 285,550 shares of the asset manager’s stock valued at $21,391,000 after purchasing an additional 280,500 shares during the last quarter. Finally, Janus Henderson Group PLC raised its holdings in shares of SEI Investments by 30.9% in the second quarter. Janus Henderson Group PLC now owns 1,134,674 shares of the asset manager’s stock valued at $70,940,000 after purchasing an additional 268,000 shares during the last quarter. 68.85% of the stock is currently owned by hedge funds and other institutional investors.
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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