SEI Investments Company (NASDAQ:SEIC) insider Wayne Withrow sold 10,000 shares of the stock in a transaction dated 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 document filed with the Securities & Exchange Commission, which is available at this link.

Wayne Withrow also recently made the following trade(s):

  • On Wednesday, September 20th, Wayne Withrow sold 10,000 shares of SEI Investments stock. The shares were sold at an average price of $59.97, for a total value of $599,700.00.

Shares of SEI Investments Company (NASDAQ:SEIC) traded down $0.10 during midday trading on Wednesday, reaching $70.08. The company’s stock had a trading volume of 513,700 shares, compared to its average volume of 557,634. SEI Investments Company has a 12-month low of $47.73 and a 12-month high of $71.13. The company has a current ratio of 5.52, a quick ratio of 5.41 and a debt-to-equity ratio of 0.03. The firm has a market cap of $11,051.47, a price-to-earnings ratio of 30.51, a PEG ratio of 2.49 and a beta of 1.40.

SEI Investments (NASDAQ:SEIC) last issued its quarterly earnings data on Wednesday, October 25th. The asset manager reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.06. SEI Investments had a return on equity of 27.12% and a net margin of 24.94%. The firm had revenue of $368.02 million during the quarter, compared to analyst estimates of $384.43 million. During the same quarter last year, the firm earned $0.53 EPS. SEI Investments’s quarterly revenue was up 3.8% on a year-over-year basis. equities analysts anticipate that SEI Investments Company will post 2.35 EPS for the current year.

SEI Investments announced that its Board of Directors has authorized a share repurchase plan on Wednesday, October 25th that allows the company to buyback $200.00 million in shares. This buyback authorization allows the asset manager to reacquire shares of its stock through open market purchases. Stock buyback plans are often an indication that the company’s leadership believes its shares are undervalued.

A number of brokerages have weighed in on SEIC. Mizuho restated a “buy” rating and set a $72.00 price objective on shares of SEI Investments in a research note on Friday, November 17th. Zacks Investment Research upgraded SEI Investments from a “hold” rating to a “buy” rating and set a $72.00 price objective for the company in a research note on Monday, October 30th. Oppenheimer raised their price objective on SEI Investments from $60.00 to $67.00 and gave the company an “outperform” rating in a research note on Thursday, September 28th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $58.00 price objective on shares of SEI Investments in a research note on Sunday, September 3rd. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. SEI Investments presently has a consensus rating of “Buy” and an average target price of $67.25.

Several institutional investors and hedge funds have recently modified their holdings of SEIC. Invictus RG acquired a new position in shares of SEI Investments in the 3rd quarter worth approximately $111,000. Pacer Advisors Inc. grew its position in shares of SEI Investments by 8.2% in the 2nd quarter. Pacer Advisors Inc. now owns 2,675 shares of the asset manager’s stock worth $144,000 after acquiring an additional 203 shares in the last quarter. Meeder Asset Management Inc. grew its position in shares of SEI Investments by 7,575.0% in the 3rd quarter. Meeder Asset Management Inc. now owns 2,456 shares of the asset manager’s stock worth $150,000 after acquiring an additional 2,424 shares in the last quarter. D.A. Davidson & CO. grew its position in shares of SEI Investments by 9.3% in the 2nd quarter. D.A. Davidson & CO. now owns 2,983 shares of the asset manager’s stock worth $160,000 after acquiring an additional 253 shares in the last quarter. Finally, Mosaic Family Wealth LLC grew its position in shares of SEI Investments by 6.7% in the 2nd quarter. Mosaic Family Wealth LLC now owns 3,176 shares of the asset manager’s stock worth $171,000 after acquiring an additional 200 shares in the last quarter. Institutional investors own 70.55% of the company’s stock.

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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.

Insider Buying and Selling by Quarter for SEI Investments (NASDAQ:SEIC)

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