SEI Investments (SEIC) Receives Daily Coverage Optimism Rating of 0.09
News stories about SEI Investments (NASDAQ:SEIC) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research group ranks the sentiment of news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, 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 gave media coverage about the asset manager an impact score of 45.7130071119154 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the news headlines that may have effected Accern Sentiment Analysis’s scoring:
- SEI Investments (SEIC) Receives Average Rating of “Hold” from Analysts (americanbankingnews.com)
- SEI Hires Scott Muench as Regional Director of Defined Contribution Sales (finance.yahoo.com)
- LAZ vs. SEIC: Which Stock Should Value Investors Buy Now? (finance.yahoo.com)
- The Zacks Analyst Blog Highlights: BancFirst, 1st Constitution, Hallmark, Athene and SEI (finance.yahoo.com)
- Franklin Resources’ Cost Control Efforts On Track, AUM Falls (zacks.com)
A number of research firms have recently commented on SEIC. Zacks Investment Research raised shares of SEI Investments from a “hold” rating to a “buy” rating and set a $69.00 price objective on the stock in a research note on Thursday, August 23rd. BidaskClub raised shares of SEI Investments from a “strong sell” rating to a “sell” rating in a research note on Thursday, August 23rd. Finally, Mizuho reaffirmed a “buy” rating and issued a $85.00 price objective on shares of SEI Investments in a research note on Friday, July 20th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $74.60.
SEI Investments (NASDAQ:SEIC) last issued its earnings results on Thursday, July 19th. The asset manager reported $0.75 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.76 by ($0.01). The company had revenue of $404.80 million for the quarter, compared to the consensus estimate of $405.58 million. SEI Investments had a return on equity of 29.98% and a net margin of 30.25%. The firm’s revenue was up 8.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.57 earnings per share. analysts predict that SEI Investments will post 3.15 EPS for the current year.
SEI Investments declared that its Board of Directors has initiated a stock buyback program on Wednesday, May 30th that authorizes the company to buyback $200.00 million in outstanding shares. This buyback authorization authorizes the asset manager to purchase up to 1.9% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its shares are undervalued.
In related news, insider Joseph P. Ujobai sold 20,000 shares of the stock in a transaction on Tuesday, June 12th. The shares were sold at an average price of $66.52, for a total transaction of $1,330,400.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Kevin Barr sold 25,000 shares of the stock in a transaction on Wednesday, August 1st. The stock was sold at an average price of $59.14, for a total transaction of $1,478,500.00. Following the transaction, the executive vice president now directly owns 69,134 shares in the company, valued at $4,088,584.76. The disclosure for this sale can be found here. Over the last three months, insiders have sold 47,973 shares of company stock worth $2,986,744. 16.50% of the stock is owned by insiders.
About SEI Investments
SEI Investments Co is a publicly owned asset management holding company. Through its subsidiaries, the firm provides wealth management, retirement and investment solutions, asset management, asset administration, investment processing outsourcing solutions, financial services, and investment advisory services to its clients.
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