SEI Investments (NASDAQ:SEIC) Earns Hold Rating from Analysts at StockNews.com

StockNews.com began coverage on shares of SEI Investments (NASDAQ:SEIC – Get Rating) in a report released on Thursday. The firm issued a hold rating on the asset manager’s stock.

A number of other research analysts have also recently commented on SEIC. Oppenheimer increased their target price on SEI Investments from $65.00 to $68.00 and gave the company an outperform rating in a research note on Thursday, January 26th. Morgan Stanley upped their price target on shares of SEI Investments from $53.00 to $54.00 and gave the company an underweight rating in a research report on Wednesday, February 1st. The Goldman Sachs Group upped their price target on shares of SEI Investments from $56.00 to $63.00 and gave the company a neutral rating in a research report on Wednesday, November 23rd. Finally, TheStreet upgraded shares of SEI Investments from a c+ rating to a b- rating in a research report on Wednesday, November 16th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, SEI Investments has a consensus rating of Hold and an average price target of $60.20.

SEI Investments Trading Down 0.8 %

SEI Investments stock opened at $55.14 on Thursday. SEI Investments has a 12 month low of $46.30 and a 12 month high of $64.69. The business’s 50 day simple moving average is $60.85 and its 200 day simple moving average is $57.56. The company has a market cap of $7.40 billion, a price-to-earnings ratio of 15.98, a PEG ratio of 1.33 and a beta of 1.02.

SEI Investments (NASDAQ:SEIC – Get Rating) last released its quarterly earnings results on Wednesday, January 25th. The asset manager reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.04. The firm had revenue of $456.59 million for the quarter, compared to analysts’ expectations of $456.18 million. SEI Investments had a net margin of 23.88% and a return on equity of 26.69%. The business’s quarterly revenue was down 9.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.03 earnings per share. As a group, equities research analysts forecast that SEI Investments will post 3.49 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Sarah Blumenstein sold 10,546 shares of the stock in a transaction dated Tuesday, February 21st. The shares were sold at an average price of $60.22, for a total value of $635,080.12. Following the completion of the transaction, the director now directly owns 6,447 shares of the company’s stock, valued at $388,238.34. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, Chairman Alfred P. West, Jr. sold 37,566 shares of SEI Investments stock in a transaction on Wednesday, February 8th. The shares were sold at an average price of $63.59, for a total transaction of $2,388,821.94. Following the transaction, the chairman now owns 8,813,217 shares in the company, valued at approximately $560,432,469.03. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Sarah Blumenstein sold 10,546 shares of SEI Investments stock in a transaction on Tuesday, February 21st. The shares were sold at an average price of $60.22, for a total transaction of $635,080.12. Following the transaction, the director now owns 6,447 shares in the company, valued at approximately $388,238.34. The disclosure for this sale can be found here. Insiders sold a total of 127,502 shares of company stock valued at $7,969,453 over the last three months. Corporate insiders own 25.40% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. CoreCap Advisors LLC bought a new stake in SEI Investments in the 4th quarter valued at $26,000. Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of SEI Investments in the 4th quarter worth about $42,000. Private Trust Co. NA bought a new stake in shares of SEI Investments in the 2nd quarter worth about $39,000. Wipfli Financial Advisors LLC bought a new stake in shares of SEI Investments in the 3rd quarter worth about $40,000. Finally, Denali Advisors LLC increased its holdings in shares of SEI Investments by 1,860.5% in the 4th quarter. Denali Advisors LLC now owns 843 shares of the asset manager’s stock worth $49,000 after buying an additional 800 shares during the last quarter. Hedge funds and other institutional investors own 69.45% of the company’s stock.

SEI Investments Company Profile

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SEI Investments Co engages in the provision of investment processing, investment management and investment operations platforms. It operates through the following business segments: Private Banks, Investment Advisors, Institutional Investors, Investment Managers, and Investments in New Businesses. The Private Banks segment provides outsourced investment processing and investment management platforms to banks and trust institutions, independent wealth advisers and financial advisors worldwide.