SEI Investments Company (NASDAQ:SEIC) Director William Doran sold 10,000 shares of SEI Investments stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $57.49, for a total value of $574,900.00. Following the completion of the transaction, the director now directly owns 671,015 shares in the company, valued at $38,576,652.35. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
William Doran also recently made the following trade(s):
- On Monday, June 12th, William Doran sold 5,000 shares of SEI Investments stock. The shares were sold at an average price of $52.40, for a total value of $262,000.00.
Shares of SEI Investments Company (NASDAQ:SEIC) opened at 57.58 on Friday. The company’s 50 day moving average price is $56.64 and its 200 day moving average price is $53.22. SEI Investments Company has a one year low of $43.54 and a one year high of $58.62. The stock has a market capitalization of $9.10 billion, a P/E ratio of 26.40 and a beta of 1.33.
SEI Investments (NASDAQ:SEIC) last released its quarterly earnings results on Wednesday, July 26th. The asset manager reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.02. The company had revenue of $372.30 million during 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 firm’s revenue was up 8.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.49 EPS. On average, equities analysts expect that SEI Investments Company will post $2.28 earnings per share for the current year.
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Several equities analysts have recently weighed in on the company. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $58.00 price objective on shares of SEI Investments in a research note on Thursday, July 27th. BidaskClub raised SEI Investments from a “buy” rating to a “strong-buy” rating in a research note on Thursday, July 13th. Zacks Investment Research raised SEI Investments from a “hold” rating to a “buy” rating and set a $61.00 price objective on the stock in a research note on Wednesday, July 12th. Oppenheimer Holdings, Inc. lifted their price objective 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, Mizuho assumed coverage on SEI Investments in a research note on Tuesday, June 27th. They issued a “buy” rating and a $60.00 price objective on the stock. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. SEI Investments currently has a consensus rating of “Buy” and a consensus price target of $59.75.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Pacer Advisors Inc. boosted its stake in shares of SEI Investments by 3.2% during the 1st quarter. Pacer Advisors Inc. now owns 2,472 shares of the asset manager’s stock worth $125,000 after acquiring an additional 77 shares in the last quarter. Suntrust Banks Inc. boosted its stake in shares of SEI Investments by 1.1% during the 1st quarter. Suntrust Banks Inc. now owns 8,061 shares of the asset manager’s stock worth $405,000 after acquiring an additional 88 shares in the last quarter. Utah Retirement Systems boosted its stake in shares of SEI Investments by 0.4% during the 1st quarter. Utah Retirement Systems now owns 23,388 shares of the asset manager’s stock worth $1,179,000 after acquiring an additional 100 shares in the last quarter. Mosaic Family Wealth LLC boosted its stake in shares of SEI Investments by 3.6% during the 1st quarter. Mosaic Family Wealth LLC now owns 2,976 shares of the asset manager’s stock worth $150,000 after acquiring an additional 103 shares in the last quarter. Finally, Gateway Investment Advisers LLC boosted its stake in shares of SEI Investments by 2.6% during the 2nd quarter. Gateway Investment Advisers LLC now owns 4,559 shares of the asset manager’s stock worth $245,000 after acquiring an additional 114 shares in the last quarter. Institutional investors own 68.66% of the company’s stock.
About SEI Investments
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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