According to Zacks, “SEI Investments has a negative record of earnings surprises in the recent quarters. Further, expenses are expected to remain elevated over the next couple of years due to additional investment spending around services. In addition, increasing dependence on fee-based revenues can adversely affect the company’s financials in the near term. Moreover, a continuing low interest-rate environment and persistent regulatory constraints remain matters of concern. Nonetheless, the company is well positioned for organic growth in the forthcoming quarters based on its innovative and diverse global investment products and services. Further, robust asset inflows will continue to support revenues.”
SEIC has been the subject of several other research reports. Keefe, Bruyette & Woods lowered their price target on shares of SEI Investments from $51.00 to $47.00 and set a market perform rating on the stock in a report on Thursday, July 28th. Oppenheimer Holdings Inc. lowered their price target on shares of SEI Investments from $56.00 to $53.00 and set an outperform rating on the stock in a report on Thursday, July 28th.
SEI Investments (NASDAQ:SEIC) last posted its quarterly earnings results on Wednesday, July 27th. The company reported $0.49 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.50 by $0.01. The company had revenue of $343.83 million for the quarter, compared to the consensus estimate of $346.92 million. SEI Investments had a net margin of 23.67% and a return on equity of 24.48%. SEI Investments’s quarterly revenue was up 1.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.51 EPS.
In related news, major shareholder Alfred P. West, Jr. sold 90,000 shares of the firm’s stock in a transaction that occurred on Monday, August 8th. The shares were sold at an average price of $44.98, for a total value of $4,048,200.00. Following the sale, the insider now directly owns 11,641,864 shares of the company’s stock, valued at $523,651,042.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 17.10% of the stock is currently owned by corporate insiders.
A number of large investors have recently made changes to their positions in SEIC. Independent Portfolio Consultants Inc. boosted its position in shares of SEI Investments by 0.4% in the third quarter. Independent Portfolio Consultants Inc. now owns 12,776 shares of the company’s stock worth $583,000 after buying an additional 50 shares during the last quarter. Gateway Investment Advisers LLC boosted its position in shares of SEI Investments by 1.1% in the second quarter. Gateway Investment Advisers LLC now owns 4,820 shares of the company’s stock worth $232,000 after buying an additional 53 shares during the last quarter. CIBC Asset Management Inc boosted its position in shares of SEI Investments by 1.3% in the second quarter. CIBC Asset Management Inc now owns 6,614 shares of the company’s stock worth $318,000 after buying an additional 83 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its position in shares of SEI Investments by 0.3% in the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 43,618 shares of the company’s stock worth $2,098,000 after buying an additional 127 shares during the last quarter. Finally, King Luther Capital Management Corp boosted its position in shares of SEI Investments by 0.7% in the second quarter. King Luther Capital Management Corp now owns 22,900 shares of the company’s stock worth $1,102,000 after buying an additional 150 shares during the last quarter. 70.29% of the stock is currently owned by institutional investors and hedge funds.
SEI Investments Company Profile
SEI Investments Company (SEI) is a provider of investment processing, investment management and investment operations solutions. The Company enables corporations, financial institutions, financial advisors and ultra-high-net-worth families to create and manage wealth by providing investment and investment-business solutions.
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