SEI Investments (NASDAQ:SEIC) has been given a consensus recommendation of “Buy” by the six research firms that are currently covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $73.50.

Several research firms have recently commented on SEIC. Oppenheimer reaffirmed a “buy” rating and issued a $80.00 price target on shares of SEI Investments in a report on Thursday, February 1st. BidaskClub lowered shares of SEI Investments from a “buy” rating to a “hold” rating in a report on Wednesday, January 31st. Mizuho reaffirmed a “buy” rating and issued a $72.00 price target on shares of SEI Investments in a report on Friday, November 17th. Finally, Zacks Investment Research lowered shares of SEI Investments from a “buy” rating to a “hold” rating in a report on Tuesday, December 26th.

In other SEI Investments news, Director Sarah Blumenstein sold 5,000 shares of the business’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $65.33, for a total transaction of $326,650.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Paul Klauder sold 8,750 shares of the business’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $69.36, for a total transaction of $606,900.00. Following the sale, the executive vice president now owns 22,879 shares in the company, valued at $1,586,887.44. The disclosure for this sale can be found here. Over the last quarter, insiders sold 58,750 shares of company stock worth $4,049,300. 16.50% of the stock is currently owned by insiders.

Several hedge funds have recently added to or reduced their stakes in SEIC. Invictus RG bought a new stake in shares of SEI Investments during the 3rd quarter worth about $111,000. Meeder Asset Management Inc. raised its holdings in shares of SEI Investments by 7,575.0% in the 3rd quarter. Meeder Asset Management Inc. now owns 2,456 shares of the asset manager’s stock worth $150,000 after purchasing an additional 2,424 shares in the last quarter. Legacy Advisors LLC bought a new stake in shares of SEI Investments in the 3rd quarter worth approximately $180,000. Gradient Investments LLC bought a new stake in shares of SEI Investments in the 4th quarter worth approximately $207,000. Finally, Venturi Wealth Management LLC bought a new stake in shares of SEI Investments in the 3rd quarter worth approximately $208,000. Institutional investors own 70.26% of the company’s stock.

SEI Investments (SEIC) traded up $1.06 during midday trading on Friday, hitting $69.88. 894,559 shares of the stock traded hands, compared to its average volume of 653,539. SEI Investments has a 1-year low of $48.78 and a 1-year high of $77.49. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.14 and a quick ratio of 4.07. The firm has a market cap of $10,910.00, a price-to-earnings ratio of 28.04, a PEG ratio of 1.86 and a beta of 1.29.

SEI Investments (NASDAQ:SEIC) last posted its quarterly earnings results on Wednesday, January 31st. The asset manager reported $0.75 EPS for the quarter, beating the Thomson Reuters’ 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 business had revenue of $408.22 million during the quarter, compared to analyst estimates of $397.96 million. During the same period in the previous year, the business posted $0.55 EPS. The company’s quarterly revenue was up 10.7% on a year-over-year basis. equities research analysts expect that SEI Investments will post 3.24 earnings per share for the current year.

SEI Investments announced that its Board of Directors has authorized a stock buyback plan on Wednesday, October 25th that permits the company to repurchase $200.00 million in outstanding shares. This repurchase authorization permits the asset manager to purchase shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.

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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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