SEI Investments (SEIC) to Release Earnings on Tuesday

SEI Investments (NASDAQ:SEIC) is scheduled to be releasing its earnings data after the market closes on Tuesday, January 23rd. Analysts expect SEI Investments to post earnings of $0.60 per share for the quarter.

SEI Investments (NASDAQ:SEIC) last issued its quarterly earnings results on Wednesday, October 25th. The asset manager reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.06. The company had revenue of $368.02 million during the quarter, compared to analysts’ expectations of $384.43 million. SEI Investments had a net margin of 24.94% and a return on equity of 27.12%. The business’s quarterly revenue was up 3.8% on a year-over-year basis. During the same period last year, the business earned $0.53 EPS. On average, analysts expect SEI Investments to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

SEI Investments (SEIC) opened at $77.23 on Friday. The firm has a market cap of $12,049.85, a P/E ratio of 33.58, a PEG ratio of 2.04 and a beta of 1.40. SEI Investments has a 52 week low of $47.88 and a 52 week high of $77.37. The company has a debt-to-equity ratio of 0.03, a quick ratio of 5.41 and a current ratio of 5.52.

The firm also recently declared a semiannual dividend, which was paid on Monday, January 8th. Stockholders of record on Wednesday, December 27th were paid a dividend of $0.30 per share. This is a boost from SEI Investments’s previous semiannual dividend of $0.28. This represents a dividend yield of 0.85%. The ex-dividend date of this dividend was Tuesday, December 26th. SEI Investments’s dividend payout ratio (DPR) is currently 26.09%.

SEI Investments declared that its Board of Directors has authorized a stock repurchase program on Wednesday, October 25th that allows the company to buyback $200.00 million in shares. This buyback authorization allows the asset manager to purchase shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s leadership believes its shares are undervalued.

In related news, insider Wayne Withrow sold 10,000 shares of the firm’s stock in a transaction on Tuesday, December 5th. The shares were sold at an average price of $70.35, for a total value of $703,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Sarah Blumenstein sold 5,000 shares of the firm’s stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $65.33, for a total transaction of $326,650.00. The disclosure for this sale can be found here. Insiders sold 136,250 shares of company stock valued at $9,057,050 over the last three months. 16.50% of the stock is owned by company insiders.

Several brokerages have recently weighed in on SEIC. Zacks Investment Research raised shares of SEI Investments from a “hold” rating to a “strong-buy” rating and set a $84.00 price target for the company in a research note on Friday, January 5th. Mizuho reaffirmed a “buy” rating and set a $72.00 price target on shares of SEI Investments in a research note on Friday, November 17th. Finally, Oppenheimer raised their price target on shares of SEI Investments from $60.00 to $67.00 and gave the stock an “outperform” rating in a research note on Thursday, September 28th. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $70.25.

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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.

Earnings History for SEI Investments (NASDAQ:SEIC)

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