SEI Investments Company (NASDAQ:SEIC - Get Free Report) insider Mark Andrew Warner sold 4,000 shares of the business's stock in a transaction that occurred on Tuesday, April 28th. The stock was sold at an average price of $91.16, for a total value of $364,640.00. Following the sale, the insider directly owned 921 shares in the company, valued at $83,958.36. The trade was a 81.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Mark Andrew Warner also recently made the following trade(s):
- On Wednesday, February 25th, Mark Andrew Warner sold 4,000 shares of SEI Investments stock. The stock was sold at an average price of $81.74, for a total value of $326,960.00.
SEI Investments Trading Down 0.2%
Shares of NASDAQ SEIC opened at $90.68 on Friday. The business's 50 day moving average is $80.71 and its two-hundred day moving average is $82.15. The company has a debt-to-equity ratio of 0.07, a current ratio of 4.52 and a quick ratio of 4.40. SEI Investments Company has a 1-year low of $75.08 and a 1-year high of $93.96. The stock has a market capitalization of $10.91 billion, a P/E ratio of 15.47 and a beta of 0.94.
SEI Investments (NASDAQ:SEIC - Get Free Report) last announced its earnings results on Wednesday, April 22nd. The asset manager reported $1.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.29 by $0.15. SEI Investments had a return on equity of 30.70% and a net margin of 31.17%.The business had revenue of $622.18 million during the quarter, compared to analyst estimates of $641.82 million. During the same quarter in the previous year, the business earned $1.17 earnings per share. The company's revenue for the quarter was up 12.9% compared to the same quarter last year. As a group, research analysts expect that SEI Investments Company will post 5.9 EPS for the current year.
Analyst Upgrades and Downgrades
SEIC has been the subject of several recent analyst reports. Weiss Ratings restated a "buy (b)" rating on shares of SEI Investments in a research report on Tuesday, April 21st. Keefe, Bruyette & Woods boosted their target price on SEI Investments from $95.00 to $107.00 and gave the company an "outperform" rating in a research report on Thursday, April 23rd. Raymond James Financial restated an "outperform" rating and set a $82.00 target price on shares of SEI Investments in a research report on Wednesday. Piper Sandler restated an "overweight" rating and set a $105.00 target price (up from $99.00) on shares of SEI Investments in a research report on Thursday, April 23rd. Finally, Morgan Stanley dropped their target price on SEI Investments from $119.00 to $108.00 and set an "overweight" rating for the company in a research report on Thursday, April 2nd. Seven equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, SEI Investments currently has an average rating of "Moderate Buy" and a consensus target price of $103.00.
Read Our Latest Analysis on SEIC
Institutional Trading of SEI Investments
A number of large investors have recently modified their holdings of SEIC. Root Financial Partners LLC purchased a new stake in shares of SEI Investments in the third quarter valued at approximately $28,000. SJS Investment Consulting Inc. boosted its holdings in shares of SEI Investments by 142.9% in the third quarter. SJS Investment Consulting Inc. now owns 357 shares of the asset manager's stock valued at $30,000 after purchasing an additional 210 shares during the period. Community Bank N.A. purchased a new stake in shares of SEI Investments in the third quarter valued at approximately $35,000. Allworth Financial LP boosted its holdings in shares of SEI Investments by 44.0% in the third quarter. Allworth Financial LP now owns 432 shares of the asset manager's stock valued at $37,000 after purchasing an additional 132 shares during the period. Finally, CIBC Private Wealth Group LLC boosted its holdings in shares of SEI Investments by 353.1% in the third quarter. CIBC Private Wealth Group LLC now owns 435 shares of the asset manager's stock valued at $37,000 after purchasing an additional 339 shares during the period. Hedge funds and other institutional investors own 70.59% of the company's stock.
SEI Investments Company Profile
(
Get Free Report)
SEI Investments Company is a global provider of asset management, investment processing, and investment operations solutions. The firm offers a range of services designed to help financial institutions, private banks, wealth managers and family offices streamline back-office functions and enhance front-office capabilities. SEI's technology platforms support various stages of the investment lifecycle, including trade execution, performance reporting, risk analytics and client communications.
The company's core offerings include outsourced fund administration, custody and trust services, managed account solutions, and wealth management technology.
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