SEI Investments (NASDAQ:SEIC) has been given an average rating of “Hold” by the seven research firms that are currently covering the stock, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is $72.75.
Several equities research analysts have recently weighed in on SEIC shares. Zacks Investment Research downgraded shares of SEI Investments from a “hold” rating to a “sell” rating in a research note on Tuesday, April 3rd. Sandler O’Neill set a $81.00 target price on shares of SEI Investments and gave the company a “buy” rating in a report on Tuesday, April 10th. BidaskClub upgraded shares of SEI Investments from a “buy” rating to a “strong-buy” rating in a research report on Thursday, March 22nd. Finally, William Blair lowered shares of SEI Investments from an “outperform” rating to a “market perform” rating in a research report on Thursday, April 12th.
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Shares of SEI Investments traded up $0.31, reaching $65.15, on Friday, Marketbeat.com reports. 843,439 shares of the stock were exchanged, compared to its average volume of 867,937. The company has a current ratio of 6.43, a quick ratio of 6.31 and a debt-to-equity ratio of 0.01. The company has a market cap of $10.30 billion, a P/E ratio of 28.08, a PEG ratio of 1.74 and a beta of 1.28. SEI Investments has a twelve month low of $49.45 and a twelve month high of $78.35.
SEI Investments (NASDAQ:SEIC) last issued its earnings results on Wednesday, April 25th. The asset manager reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $0.10. SEI Investments had a net margin of 28.97% and a return on equity of 29.07%. The firm had revenue of $405.60 million during the quarter, compared to the consensus estimate of $408.10 million. During the same quarter in the previous year, the firm posted $0.55 earnings per share. The company’s revenue was up 12.7% compared to the same quarter last year. equities analysts forecast that SEI Investments will post 3.13 EPS for the current year.
In related news, EVP Stephen Meyer sold 4,524 shares of the company’s stock in a transaction 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 transaction, the executive vice president now directly owns 97,748 shares in the company, valued at approximately $7,584,267.32. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP N Jeffrey Klauder bought 3,637 shares of the business’s stock in a transaction that occurred on Tuesday, March 13th. The shares were bought at an average price 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 disclosure for this purchase can be found here. Over the last quarter, insiders have sold 45,348 shares of company stock valued at $3,448,312. Corporate insiders own 16.50% of the company’s stock.
Large investors have recently added to or reduced their stakes in the stock. Private Capital Group LLC boosted its stake in shares of SEI Investments by 1,562.0% in the 1st quarter. Private Capital Group LLC now owns 1,662 shares of the asset manager’s stock valued at $125,000 after purchasing an additional 1,562 shares during the last quarter. Icon Wealth Partners LLC acquired a new stake in SEI Investments during the 4th quarter worth approximately $121,000. Woodard & Co. Asset Management Group Inc. ADV acquired a new stake in SEI Investments during the 4th quarter worth approximately $122,000. IFP Advisors Inc raised its holdings in SEI Investments by 135.3% during the 1st quarter. IFP Advisors Inc now owns 1,746 shares of the asset manager’s stock worth $131,000 after buying an additional 1,004 shares during the period. Finally, Cape Cod Five Cents Savings Bank acquired a new stake in SEI Investments during the 1st quarter worth approximately $208,000. Hedge funds and other institutional investors own 70.41% of the company’s stock.
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.