Press coverage about SEI Investments (NASDAQ:SEIC) has been trending positive on Monday, InfoTrie Sentiment reports. InfoTrie scores the sentiment of news coverage by reviewing more than 6,000 news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. SEI Investments earned a daily sentiment score of 3.00 on their scale. InfoTrie also assigned news headlines about the asset manager an news buzz score of 10 out of 10, indicating that recent news coverage is extremely likely to have an impact on the company’s share price in the next several days.
Several research analysts have weighed in on the company. Keefe, Bruyette & Woods raised SEI Investments from a “market perform” rating to an “outperform” rating and dropped their target price for the stock from $68.00 to $63.00 in a research report on Wednesday, October 24th. BidaskClub lowered SEI Investments from a “hold” rating to a “sell” rating in a research report on Wednesday, July 18th. Zacks Investment Research lowered SEI Investments from a “buy” rating to a “hold” rating in a research report on Friday, October 26th. Mizuho reaffirmed a “buy” rating and issued a $85.00 target price on shares of SEI Investments in a research report on Friday, July 20th. Finally, ValuEngine lowered SEI Investments from a “hold” rating to a “sell” rating in a research report on Monday, October 8th. Two analysts have rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $75.60.
SEIC stock traded down $0.36 during mid-day trading on Monday, hitting $53.93. The stock had a trading volume of 579,300 shares, compared to its average volume of 693,112. SEI Investments has a 1-year low of $50.99 and a 1-year high of $78.35. The firm has a market cap of $8.44 billion, a P/E ratio of 23.25, a PEG ratio of 1.42 and a beta of 1.20.
SEI Investments (NASDAQ:SEIC) last issued its earnings results on Tuesday, October 23rd. The asset manager reported $0.80 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.04. SEI Investments had a return on equity of 30.73% and a net margin of 31.46%. The company had revenue of $408.68 million for the quarter, compared to analyst estimates of $410.35 million. During the same period in the prior year, the firm posted $0.63 EPS. The business’s revenue was up 5.9% compared to the same quarter last year. As a group, sell-side analysts forecast that SEI Investments will post 3.19 earnings per share for the current fiscal year.
In other news, insider Dennis Mcgonigle sold 15,000 shares of the stock in a transaction dated Wednesday, September 12th. The stock was sold at an average price of $62.83, for a total transaction of $942,450.00. Following the transaction, the insider now owns 27,540 shares of the company’s stock, valued at approximately $1,730,338.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Joseph P. Ujobai sold 1,500 shares of the stock in a transaction dated Friday, August 10th. The shares were sold at an average price of $59.80, for a total value of $89,700.00. Following the transaction, the insider now directly owns 29,567 shares in the company, valued at approximately $1,768,106.60. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 17,973 shares of company stock worth $1,120,294. Insiders own 17.30% of the company’s stock.
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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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