SEI Investments (SEIC) Earns Daily Media Impact Score of 0.09
Headlines about SEI Investments (NASDAQ:SEIC) have been trending somewhat positive on Tuesday, according to Accern Sentiment Analysis. Accern identifies negative and positive media coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. SEI Investments earned a news impact score of 0.09 on Accern’s scale. Accern also assigned media coverage about the asset manager an impact score of 45.5668227899154 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the headlines that may have impacted Accern’s rankings:
- SEI Surveys Show Investors in Alternative Investments Driving Change in Manager Behavior (finance.yahoo.com)
- $398.36 Million in Sales Expected for SEI Investments (SEIC) This Quarter (americanbankingnews.com)
- SEI Investments (SEIC) Upgraded by Zacks Investment Research to “Strong-Buy” (americanbankingnews.com)
- First Week of February 16th Options Trading For SEI Investments (SEIC) – Nasdaq (nasdaq.com)
Shares of SEI Investments (NASDAQ:SEIC) traded up $1.16 during mid-day trading on Tuesday, hitting $75.30. The stock had a trading volume of 688,963 shares, compared to its average volume of 545,015. SEI Investments has a one year low of $47.88 and a one year high of $75.57. The firm has a market cap of $11,860.00, a PE ratio of 32.88, a PEG ratio of 2.09 and a beta of 1.40. 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 company also recently declared a semiannual dividend, which was paid on Monday, January 8th. Stockholders of record on Wednesday, December 27th were given a dividend of $0.30 per share. The ex-dividend date was Tuesday, December 26th. This is a boost from SEI Investments’s previous semiannual dividend of $0.28. This represents a dividend yield of 0.85%. SEI Investments’s dividend payout ratio (DPR) is 26.20%.
SEI Investments declared that its Board of Directors has initiated a stock repurchase plan on Wednesday, October 25th that permits the company to buyback $200.00 million in outstanding shares. This buyback authorization permits the asset manager to purchase shares of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board believes its shares are undervalued.
Several analysts have weighed in on SEIC shares. Mizuho reaffirmed a “buy” rating and set a $72.00 target price on shares of SEI Investments in a research note on Friday, November 17th. Zacks Investment Research raised SEI Investments from a “hold” rating to a “buy” rating and set a $72.00 target price on the stock in a research note on Monday, October 30th. Finally, Oppenheimer lifted their target price on SEI Investments from $60.00 to $67.00 and gave the company an “outperform” rating in a research note on Thursday, September 28th. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. SEI Investments has a consensus rating of “Buy” and an average target price of $70.25.
In other news, major shareholder Alfred P. West, Jr. sold 50,000 shares of SEI Investments stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $64.64, for a total transaction of $3,232,000.00. Following the transaction, the insider now directly owns 10,619,272 shares in the company, valued at approximately $686,429,742.08. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Dennis Mcgonigle sold 15,000 shares of SEI Investments stock in a transaction on Friday, December 1st. The shares were sold at an average price of $69.63, for a total value of $1,044,450.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 136,250 shares of company stock worth $9,057,050. 16.50% of the stock is owned by insiders.
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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.
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