SEI Investments Company (SEIC) to Release Quarterly Earnings on Wednesday
SEI Investments Company (NASDAQ:SEIC) is set to issue its quarterly earnings data after the market closes on Wednesday, October 18th. Analysts expect the company to announce earnings of $0.57 per share for the quarter.
SEI Investments (NASDAQ:SEIC) last posted its earnings results on Wednesday, July 26th. The asset manager reported $0.57 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.55 by $0.02. SEI Investments had a net margin of 24.44% and a return on equity of 26.60%. The firm had revenue of $372.30 million during the quarter, compared to analysts’ expectations of $369.88 million. During the same period last year, the company posted $0.49 EPS. The company’s quarterly revenue was up 8.3% compared to the same quarter last year. On average, analysts expect SEI Investments to post $2.28 EPS for the current fiscal year and $2.69 EPS for the next fiscal year.
Shares of SEI Investments Company (SEIC) opened at 63.72 on Tuesday. SEI Investments Company has a 52-week low of $43.63 and a 52-week high of $64.08. The stock has a market capitalization of $10.07 billion, a PE ratio of 29.22 and a beta of 1.35. The stock has a 50 day moving average of $59.62 and a 200 day moving average of $54.72.
A number of brokerages have recently issued reports on SEIC. BidaskClub lowered shares of SEI Investments from a “strong-buy” rating to a “buy” rating in a research note on Thursday, June 22nd. Mizuho began coverage on shares of SEI Investments in a research note on Tuesday, June 27th. They set a “buy” rating and a $60.00 target price for the company. Zacks Investment Research lowered shares of SEI Investments from a “buy” rating to a “hold” rating in a research note on Wednesday, September 6th. Oppenheimer Holdings, Inc. boosted their target price on shares of SEI Investments from $55.00 to $60.00 and gave the company an “outperform” rating in a research note on Tuesday, July 11th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and set a $54.00 target price on shares of SEI Investments in a research note on Friday, June 23rd. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. SEI Investments presently has an average rating of “Buy” and an average price target of $61.50.
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In related news, Director William Doran sold 10,000 shares of the company’s 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 sale, the director now directly owns 671,015 shares of the company’s stock, valued at $38,576,652.35. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider N Jeffrey Klauder sold 30,000 shares of the company’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $56.35, for a total transaction of $1,690,500.00. Following the completion of the sale, the insider now directly owns 82,194 shares of the company’s stock, valued at $4,631,631.90. The disclosure for this sale can be found here. Insiders have sold 325,000 shares of company stock valued at $18,540,250 over the last three months. 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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