SEI Investments Company (SEIC) Insider Sells $1,230,200.00 in Stock
SEI Investments Company (NASDAQ:SEIC) insider Stephen Meyer sold 20,000 shares of SEI Investments stock in a transaction dated Thursday, September 28th. The shares were sold at an average price of $61.51, for a total transaction of $1,230,200.00. Following the completion of the sale, the insider now owns 113,224 shares in the company, valued at $6,964,408.24. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
SEI Investments Company (NASDAQ SEIC) traded up 0.66% during midday trading on Monday, reaching $61.46. 398,776 shares of the company traded hands. The company has a 50-day moving average price of $56.76 and a 200-day moving average price of $53.36. The company has a market cap of $9.72 billion, a price-to-earnings ratio of 28.18 and a beta of 1.35. SEI Investments Company has a 12-month low of $43.54 and a 12-month high of $61.71.
SEI Investments (NASDAQ:SEIC) last issued its quarterly earnings data on Wednesday, July 26th. The asset manager reported $0.57 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.02. The firm 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 business’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.49 EPS. On average, analysts predict that SEI Investments Company will post $2.28 earnings per share for the current fiscal year.
Several brokerages have commented on SEIC. Zacks Investment Research lowered shares of SEI Investments from a “buy” rating to a “hold” rating in a research note on Wednesday, September 6th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $58.00 price objective on shares of SEI Investments in a research report on Sunday, September 3rd. Mizuho started coverage on SEI Investments in a research report on Tuesday, June 27th. They set a “buy” rating and a $60.00 price objective for the company. BidaskClub lowered SEI Investments from a “strong-buy” rating to a “buy” rating in a report on Thursday, June 22nd. Finally, Oppenheimer Holdings, Inc. increased their price objective on SEI Investments from $55.00 to $60.00 and gave the stock an “outperform” rating in a report on Tuesday, July 11th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $61.50.
Several large investors have recently made changes to their positions in the company. Pacer Advisors Inc. raised its holdings in shares of SEI Investments by 3.2% in the first quarter. Pacer Advisors Inc. now owns 2,472 shares of the asset manager’s stock valued at $125,000 after buying an additional 77 shares during the last quarter. Utah Retirement Systems increased its position in SEI Investments by 0.4% in the 1st quarter. Utah Retirement Systems now owns 23,388 shares of the asset manager’s stock valued at $1,179,000 after acquiring an additional 100 shares in the last quarter. Gateway Investment Advisers LLC increased its position in SEI Investments by 2.6% in the 2nd quarter. Gateway Investment Advisers LLC now owns 4,559 shares of the asset manager’s stock valued at $245,000 after acquiring an additional 114 shares in the last quarter. Van ECK Associates Corp increased its position in SEI Investments by 6.5% in the 1st quarter. Van ECK Associates Corp now owns 2,222 shares of the asset manager’s stock valued at $112,000 after acquiring an additional 136 shares in the last quarter. Finally, Mosaic Family Wealth LLC increased its position in SEI Investments by 6.7% in the 2nd quarter. Mosaic Family Wealth LLC now owns 3,176 shares of the asset manager’s stock valued at $171,000 after acquiring an additional 200 shares in the last quarter. Institutional investors own 68.65% 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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