SEI Investments Company (SEIC) Insider Sells $1,175,400.00 in Stock
SEI Investments Company (NASDAQ:SEIC) insider Joseph P. Ujobai sold 20,000 shares of the stock in a transaction that occurred on Tuesday, September 19th. The shares were sold at an average price of $58.77, for a total value of $1,175,400.00. Following the transaction, the insider now owns 32,540 shares of the company’s stock, valued at $1,912,375.80. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.
SEI Investments Company (SEIC) opened at 59.69 on Friday. SEI Investments Company has a 52 week low of $43.54 and a 52 week high of $59.78. The company’s 50-day moving average price is $56.76 and its 200 day moving average price is $53.36. The company has a market capitalization of $9.44 billion, a PE ratio of 27.37 and a beta of 1.33.
SEI Investments (NASDAQ:SEIC) last issued its quarterly earnings results on Wednesday, July 26th. The asset manager reported $0.57 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.55 by $0.02. The company had revenue of $372.30 million for the quarter, compared to the consensus estimate of $369.88 million. SEI Investments had a return on equity of 26.60% and a net margin of 24.44%. The company’s revenue for the quarter was up 8.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.49 EPS. On average, equities research analysts anticipate that SEI Investments Company will post $2.28 EPS for the current year.
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Several large investors have recently made changes to their positions in the company. Loomis Sayles & Co. L P grew its holdings in shares of SEI Investments by 1.2% during the 1st quarter. Loomis Sayles & Co. L P now owns 14,210,594 shares of the asset manager’s stock worth $716,782,000 after purchasing an additional 163,767 shares in the last quarter. BlackRock Inc. grew its holdings in shares of SEI Investments by 5.5% during the 2nd quarter. BlackRock Inc. now owns 13,447,854 shares of the asset manager’s stock worth $723,225,000 after purchasing an additional 697,125 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of SEI Investments by 2.8% during the 2nd quarter. Vanguard Group Inc. now owns 13,260,600 shares of the asset manager’s stock worth $713,155,000 after purchasing an additional 357,187 shares in the last quarter. State Street Corp grew its holdings in shares of SEI Investments by 0.4% during the 2nd quarter. State Street Corp now owns 5,954,992 shares of the asset manager’s stock worth $320,254,000 after purchasing an additional 21,421 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its holdings in shares of SEI Investments by 47.6% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,907,730 shares of the asset manager’s stock worth $102,598,000 after purchasing an additional 615,539 shares in the last quarter. 68.65% of the stock is currently owned by institutional investors.
Several equities analysts have recently commented on the company. BidaskClub cut SEI Investments from a “strong-buy” rating to a “buy” rating in a research note on Thursday, June 22nd. Mizuho assumed coverage on SEI Investments in a research note on Tuesday, June 27th. They set a “buy” rating and a $60.00 target price for the company. Zacks Investment Research cut SEI Investments from a “buy” rating to a “hold” rating in a research note on Wednesday, September 6th. Oppenheimer Holdings, Inc. increased their target price on SEI Investments from $55.00 to $60.00 and gave the company an “outperform” rating in a research note on Tuesday, July 11th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $54.00 target price on shares of SEI Investments in a research note on Friday, June 23rd. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. SEI Investments has an average rating of “Buy” and an average price target of $59.75.
SEI Investments Company Profile
SEI Investments Company provides investment processing, investment management and investment operations solutions. The Company provides its solutions to financial institutions, financial advisors, institutional investors, investment managers and ultra-high-net-worth families in the United States, Canada, the United Kingdom, continental Europe and various other locations around the world.
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