SEI Investments Company (NASDAQ:SEIC - Get Free Report) Director Kathryn Mccarthy sold 10,000 shares of the business's stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $91.07, for a total value of $910,700.00. Following the completion of the sale, the director owned 77,883 shares of the company's stock, valued at approximately $7,092,804.81. This represents a 11.38% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
SEI Investments Stock Performance
Shares of SEIC opened at $90.79 on Wednesday. The company's 50 day simple moving average is $80.90 and its 200-day simple moving average is $82.20. The firm has a market cap of $10.92 billion, a PE ratio of 15.49 and a beta of 1.00. SEI Investments Company has a 12-month low of $75.08 and a 12-month high of $93.96. The company has a current ratio of 4.52, a quick ratio of 4.40 and a debt-to-equity ratio of 0.07.
SEI Investments (NASDAQ:SEIC - Get Free Report) last released its quarterly earnings results on Wednesday, April 22nd. The asset manager reported $1.44 EPS for the quarter, beating the consensus estimate of $1.29 by $0.15. The firm had revenue of $622.18 million during the quarter, compared to the consensus estimate of $641.82 million. SEI Investments had a net margin of 31.17% and a return on equity of 30.70%. SEI Investments's revenue for the quarter was up 12.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.17 EPS. As a group, equities analysts predict that SEI Investments Company will post 5.9 EPS for the current year.
Wall Street Analyst Weigh In
Several equities research analysts have recently weighed in on SEIC shares. UBS Group started coverage on shares of SEI Investments in a research note on Wednesday, February 4th. They set a "buy" rating and a $115.00 target price for the company. Weiss Ratings reaffirmed a "buy (b)" rating on shares of SEI Investments in a research note on Tuesday, April 21st. Keefe, Bruyette & Woods increased their price objective on SEI Investments from $95.00 to $107.00 and gave the stock an "outperform" rating in a research report on Thursday, April 23rd. Morgan Stanley lowered their target price on SEI Investments from $119.00 to $108.00 and set an "overweight" rating on the stock in a research note on Thursday, April 2nd. Finally, Piper Sandler reissued an "overweight" rating and issued a $105.00 target price (up from $99.00) on shares of SEI Investments in a report on Thursday, April 23rd. Seven analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $103.00.
Read Our Latest Research Report on SEIC
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in SEIC. Vanguard Group Inc. raised its holdings 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 worth $955,461,000 after purchasing an additional 30,970 shares in the last quarter. Bank of America Corp DE boosted its holdings in SEI Investments by 4.4% in 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 purchasing an additional 133,057 shares in the last quarter. Geode Capital Management LLC increased its position in SEI Investments by 3.9% during the 4th quarter. Geode Capital Management LLC now owns 2,894,317 shares of the asset manager's stock worth $237,421,000 after purchasing an additional 109,974 shares during the period. Lord Abbett & CO. LLC increased its position in SEI Investments by 19.2% during the 4th quarter. Lord Abbett & CO. LLC now owns 1,917,370 shares of the asset manager's stock worth $157,263,000 after purchasing an additional 308,988 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake 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 worth $158,084,000 after buying an additional 31,953 shares in the last quarter. 70.59% of the stock is currently owned by institutional investors and hedge funds.
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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