Shares of SEI Investments (NASDAQ:SEIC) have been assigned an average recommendation of “Hold” from the eight ratings firms that are covering the company, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $61.50.

Several analysts have issued reports on SEIC shares. ValuEngine raised shares of SEI Investments from a “sell” rating to a “hold” rating in a research note on Tuesday, June 11th. Zacks Investment Research downgraded shares of SEI Investments from a “buy” rating to a “hold” rating and set a $63.00 price target for the company. in a research note on Tuesday, June 11th. Finally, BidaskClub downgraded shares of SEI Investments from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, September 24th.

NASDAQ SEIC traded up $0.42 during trading on Wednesday, hitting $57.91. The stock had a trading volume of 22,365 shares, compared to its average volume of 612,843. The company has a debt-to-equity ratio of 0.02, a quick ratio of 5.61 and a current ratio of 5.78. The stock has a market capitalization of $8.80 billion, a price-to-earnings ratio of 18.46, a P/E/G ratio of 1.50 and a beta of 1.31. SEI Investments has a one year low of $42.27 and a one year high of $61.35. The stock has a 50 day simple moving average of $58.22 and a 200 day simple moving average of $55.73.

SEI Investments (NASDAQ:SEIC) last announced its quarterly earnings data on Wednesday, July 24th. The asset manager reported $0.82 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.79 by $0.03. The business had revenue of $409.60 million during the quarter, compared to the consensus estimate of $412.28 million. SEI Investments had a net margin of 29.85% and a return on equity of 29.86%. The firm’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.75 earnings per share. On average, sell-side analysts predict that SEI Investments will post 3.22 EPS for the current year.

In other news, Director William Doran sold 5,000 shares of SEI Investments stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $61.00, for a total transaction of $305,000.00. Following the completion of the sale, the director now owns 671,915 shares of the company’s stock, valued at $40,986,815. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Kathryn Mccarthy sold 9,500 shares of SEI Investments stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $60.90, for a total transaction of $578,550.00. Following the sale, the director now directly owns 75,200 shares of the company’s stock, valued at approximately $4,579,680. The disclosure for this sale can be found here. Insiders have sold 39,222 shares of company stock valued at $2,322,423 in the last ninety days. Insiders own 22.60% of the company’s stock.

Several institutional investors have recently bought and sold shares of the company. BlackRock Inc. raised its stake in shares of SEI Investments by 1.2% during the second quarter. BlackRock Inc. now owns 13,950,907 shares of the asset manager’s stock valued at $782,645,000 after acquiring an additional 165,595 shares in the last quarter. Atlanta Capital Management Co. L L C increased its holdings in SEI Investments by 0.8% during the second quarter. Atlanta Capital Management Co. L L C now owns 5,624,150 shares of the asset manager’s stock valued at $315,515,000 after buying an additional 45,892 shares during the period. Bank of America Corp DE increased its holdings in SEI Investments by 4.1% during the second quarter. Bank of America Corp DE now owns 4,364,268 shares of the asset manager’s stock valued at $244,834,000 after buying an additional 172,443 shares during the period. Citadel Advisors LLC increased its holdings in SEI Investments by 249.1% during the second quarter. Citadel Advisors LLC now owns 1,928,938 shares of the asset manager’s stock valued at $108,214,000 after buying an additional 1,376,469 shares during the period. Finally, Renaissance Technologies LLC increased its holdings in SEI Investments by 15.4% during the second quarter. Renaissance Technologies LLC now owns 1,120,226 shares of the asset manager’s stock valued at $62,845,000 after buying an additional 149,900 shares during the period. 69.24% of the stock is owned by hedge funds and other institutional investors.

SEI Investments Company Profile

SEI Investments Company 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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