According to Zacks, “SEI Investments is well positioned for organic growth in the forthcoming quarters based on its innovative and diverse global investment products and services. Further, the company’s robust asset inflows will continue to support revenues, while the strong balance sheet position is likely to assist in deploying capital meaningfully. However, expenses are anticipated to remain elevated over the next couple of years due to additional investment spending around services. Further, increasing dependence on fee-based revenues could adversely affect the company’s financials in the near term.”
A number of other research firms also recently weighed in on SEIC. Keefe, Bruyette & Woods cut 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. cut 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) opened at 45.11 on Tuesday. SEI Investments has a one year low of $32.01 and a one year high of $55.11. The firm has a market capitalization of $7.28 billion, a P/E ratio of 23.49 and a beta of 1.28. The firm has a 50-day moving average price of $45.82 and a 200 day moving average price of $46.96.
SEI Investments (NASDAQ:SEIC) last released its quarterly earnings results on Wednesday, July 27th. The company reported $0.49 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by $0.01. The business 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%. The firm’s revenue for the quarter was up 1.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.51 EPS. Equities research analysts anticipate that SEI Investments will post $1.92 earnings per share for the current year.
In related news, major shareholder Alfred P. West, Jr. sold 90,000 shares of SEI Investments stock in a transaction 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 transaction, the insider now owns 11,641,864 shares in the company, valued at approximately $523,651,042.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 17.10% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Gateway Investment Advisers LLC increased 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 valued at $232,000 after buying an additional 53 shares during the period. CIBC Asset Management Inc increased 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 valued at $318,000 after buying an additional 83 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund increased 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 valued at $2,098,000 after buying an additional 127 shares during the period. King Luther Capital Management Corp increased 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 valued at $1,102,000 after buying an additional 150 shares during the period. Finally, Pacer Advisors Inc. increased its position in shares of SEI Investments by 7.6% in the second quarter. Pacer Advisors Inc. now owns 2,423 shares of the company’s stock valued at $117,000 after buying an additional 172 shares during the period. Hedge funds and other institutional investors own 70.29% of the company’s stock.
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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