Key Points
- Chairman Alfred West Jr. sold 24,770 shares on Dec. 3 at an average price of $80.87 for about $2.00 million, trimming his stake by roughly 0.36% to 6,942,812 shares.
- SEI beat quarterly EPS estimates ($1.30 vs. $1.25) with revenue up 7.6% year‑over‑year, and its board has authorized a $650 million share buyback (up to 6.4% of outstanding shares).
- Analysts are broadly cautious‑positive with an average rating of “Moderate Buy” and a $104.40 target, while institutions own about 70.6% of the stock.
SEI Investments Company (NASDAQ:SEIC - Get Free Report) Chairman Alfred West, Jr. sold 24,770 shares of SEI Investments stock in a transaction that occurred on Wednesday, December 3rd. The shares were sold at an average price of $80.87, for a total value of $2,003,149.90. Following the sale, the chairman owned 6,942,812 shares in the company, valued at $561,465,206.44. This represents a 0.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
SEI Investments Price Performance
SEIC opened at $81.10 on Friday. The company has a current ratio of 5.73, a quick ratio of 5.62 and a debt-to-equity ratio of 0.04. The company has a market cap of $9.93 billion, a price-to-earnings ratio of 14.91 and a beta of 0.98. The stock has a fifty day simple moving average of $81.89 and a two-hundred day simple moving average of $85.72. SEI Investments Company has a 12-month low of $64.66 and a 12-month high of $93.96.
SEI Investments (NASDAQ:SEIC - Get Free Report) last released its earnings results on Wednesday, October 22nd. The asset manager reported $1.30 earnings per share for the quarter, topping analysts' consensus estimates of $1.25 by $0.05. The firm had revenue of $578.51 million for the quarter, compared to the consensus estimate of $578.75 million. SEI Investments had a net margin of 31.09% and a return on equity of 30.21%. The company's revenue was up 7.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.19 EPS. Research analysts predict that SEI Investments Company will post 4.86 earnings per share for the current fiscal year.
SEI Investments announced that its Board of Directors has authorized a share buyback program on Friday, October 24th that allows the company to repurchase $650.00 million in outstanding shares. This repurchase authorization allows the asset manager to buy up to 6.4% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company's board believes its shares are undervalued.
Wall Street Analyst Weigh In
Several equities analysts have recently issued reports on the stock. Morgan Stanley lifted their target price on shares of SEI Investments from $105.00 to $115.00 and gave the company an "overweight" rating in a report on Friday, September 19th. Raymond James Financial raised their price objective on SEI Investments from $118.00 to $120.00 and gave the company an "outperform" rating in a research report on Tuesday, October 14th. Weiss Ratings reissued a "buy (b)" rating on shares of SEI Investments in a report on Wednesday, October 8th. Zacks Research cut SEI Investments from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, November 11th. Finally, Keefe, Bruyette & Woods lowered their price target on SEI Investments from $98.00 to $93.00 and set a "market perform" rating for the company in a research report on Monday, October 13th. Four equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $104.40.
Check Out Our Latest Research Report on SEI Investments
Institutional Trading of SEI Investments
Several institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in SEI Investments by 0.3% during the third quarter. Vanguard Group Inc. now owns 11,260,591 shares of the asset manager's stock valued at $955,461,000 after purchasing an additional 30,970 shares during the period. Loomis Sayles & Co. L P grew its position in SEI Investments by 1.4% in the 2nd quarter. Loomis Sayles & Co. L P now owns 8,841,249 shares of the asset manager's stock worth $794,475,000 after purchasing an additional 121,198 shares during the period. Bank of America Corp DE raised its stake in SEI Investments by 4.4% during the 2nd quarter. Bank of America Corp DE now owns 3,160,636 shares of the asset manager's stock valued at $284,015,000 after buying an additional 133,057 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of SEI Investments by 1.7% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,863,052 shares of the asset manager's stock valued at $158,084,000 after buying an additional 31,953 shares during the period. Finally, Invesco Ltd. lifted its holdings in shares of SEI Investments by 4.1% during the 3rd quarter. Invesco Ltd. now owns 1,731,523 shares of the asset manager's stock valued at $146,920,000 after buying an additional 68,873 shares during the period. 70.59% of the stock is currently owned by hedge funds and other institutional investors.
SEI Investments Company Profile
(
Get Free Report)
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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