SEI Investments (NASDAQ:SEIC) EVP Stephen Meyer sold 4,524 shares of the stock in a transaction dated Wednesday, March 21st. The stock was sold at an average price of $77.59, for a total transaction of $351,017.16. Following the sale, the executive vice president now owns 97,748 shares of the company’s stock, valued at approximately $7,584,267.32. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Stephen Meyer also recently made the following trade(s):
- On Monday, March 12th, Stephen Meyer sold 20,424 shares of SEI Investments stock. The stock was sold at an average price of $77.44, for a total transaction of $1,581,634.56.
SEI Investments (NASDAQ SEIC) traded down $0.58 on Friday, reaching $74.41. 309,800 shares of the company’s stock traded hands, compared to its average volume of 687,104. The company has a quick ratio of 4.07, a current ratio of 4.14 and a debt-to-equity ratio of 0.02. The firm has a market cap of $12,220.52, a PE ratio of 30.00, a PEG ratio of 2.00 and a beta of 1.28. SEI Investments has a 52-week low of $49.26 and a 52-week high of $78.35.
SEI Investments (NASDAQ:SEIC) last posted its quarterly earnings data on Wednesday, January 31st. The asset manager reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.15. The firm had revenue of $408.22 million during the quarter, compared to analysts’ expectations of $397.96 million. SEI Investments had a net margin of 26.49% and a return on equity of 26.74%. The company’s quarterly revenue was up 10.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.55 EPS. sell-side analysts expect that SEI Investments will post 3.24 EPS for the current fiscal year.
A number of brokerages recently issued reports on SEIC. Oppenheimer reiterated a “buy” rating and set a $80.00 target price on shares of SEI Investments in a research report on Thursday, February 1st. BidaskClub upgraded shares of SEI Investments from a “buy” rating to a “strong-buy” rating in a research report on Thursday. Finally, Zacks Investment Research upgraded shares of SEI Investments from a “hold” rating to a “strong-buy” rating and set a $84.00 target price for the company in a research report on Friday, January 5th. Three analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $73.50.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Xact Kapitalforvaltning AB increased its position in SEI Investments by 15.1% in the 4th quarter. Xact Kapitalforvaltning AB now owns 13,565 shares of the asset manager’s stock valued at $975,000 after acquiring an additional 1,778 shares in the last quarter. Envestnet Asset Management Inc. increased its position in SEI Investments by 9.1% in the 4th quarter. Envestnet Asset Management Inc. now owns 80,246 shares of the asset manager’s stock valued at $5,767,000 after acquiring an additional 6,662 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its position in SEI Investments by 3.7% in the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 83,154 shares of the asset manager’s stock valued at $5,975,000 after acquiring an additional 3,000 shares in the last quarter. Sawtooth Solutions LLC acquired a new stake in SEI Investments in the 4th quarter valued at about $228,000. Finally, Woodard & Co. Asset Management Group Inc. ADV acquired a new stake in SEI Investments in the 4th quarter valued at about $122,000. Hedge funds and other institutional investors own 70.50% 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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