Media coverage about SEI Investments (NASDAQ:SEIC) has been trending somewhat positive this week, according to Accern Sentiment. The research group ranks the sentiment of news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. SEI Investments earned a media sentiment score of 0.09 on Accern’s scale. Accern also gave press coverage about the asset manager an impact score of 45.5710127883359 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Here are some of the media headlines that may have impacted Accern’s rankings:
- SEI Investments Expected to Post FY2018 Earnings of $3.23 Per Share (SEIC) (americanbankingnews.com)
- Brokers Offer Predictions for SEI Investments’ Q1 2018 Earnings (SEIC) (americanbankingnews.com)
- SEI Surveys Show Investors in Alternative Investments Driving Change in Manager Behavior (finance.yahoo.com)
- $398.36 Million in Sales Expected for SEI Investments (SEIC) This Quarter (americanbankingnews.com)
Several equities analysts have commented on the stock. Mizuho reissued a “buy” rating and issued a $72.00 target price on shares of SEI Investments in a report on Friday, November 17th. Zacks Investment Research raised shares of SEI Investments from a “sell” rating to a “hold” rating in a report on Tuesday, October 3rd. Finally, Oppenheimer lifted their price target on shares of SEI Investments from $60.00 to $67.00 and gave the company an “outperform” rating in a report on Thursday, September 28th. Two analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $70.25.
SEI Investments (NASDAQ SEIC) traded up $1.07 on Friday, reaching $76.65. 385,610 shares of the company’s stock were exchanged, compared to its average volume of 563,319. SEI Investments has a 52-week low of $47.88 and a 52-week high of $76.76. The company has a quick ratio of 5.41, a current ratio of 5.52 and a debt-to-equity ratio of 0.03. The company has a market cap of $12,070.00, a price-to-earnings ratio of 33.47, a price-to-earnings-growth ratio of 2.09 and a beta of 1.40.
SEI Investments (NASDAQ:SEIC) last posted its earnings results on Wednesday, October 25th. The asset manager reported $0.63 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.57 by $0.06. SEI Investments had a net margin of 24.94% and a return on equity of 27.12%. The firm had revenue of $368.02 million for the quarter, compared to analyst estimates of $384.43 million. During the same period in the previous year, the firm posted $0.53 EPS. The company’s revenue for the quarter was up 3.8% compared to the same quarter last year. research analysts expect that SEI Investments will post 2.36 EPS for the current fiscal year.
SEI Investments announced that its board has authorized a share buyback program on Wednesday, October 25th that allows the company to buyback $200.00 million in outstanding shares. This buyback authorization allows the asset manager to purchase shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.
The firm also recently announced a semiannual dividend, which was paid on Monday, January 8th. Shareholders of record on Wednesday, December 27th were issued a dividend of $0.30 per share. This represents a yield of 0.85%. This is a positive change from SEI Investments’s previous semiannual dividend of $0.28. The ex-dividend date was Tuesday, December 26th. SEI Investments’s payout ratio is presently 26.20%.
In other news, insider Wayne Withrow sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 5th. The shares were sold at an average price of $70.35, for a total value of $703,500.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, major shareholder Alfred P. West, Jr. sold 50,000 shares of the business’s stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $64.64, for a total transaction of $3,232,000.00. Following the completion of the transaction, the insider now owns 10,619,272 shares in the company, valued at approximately $686,429,742.08. The disclosure for this sale can be found here. Insiders sold a total of 136,250 shares of company stock worth $9,057,050 in the last 90 days. Corporate insiders own 16.50% of the company’s stock.
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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