SEI Investments Company (NASDAQ:SEIC - Get Free Report) Director Kathryn Mccarthy sold 10,000 shares of the business's stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $103.53, for a total transaction of $1,035,300.00. Following the completion of the transaction, the director directly owned 77,883 shares of the company's stock, valued at $8,063,226.99. This trade represents a 11.38% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
SEI Investments Stock Performance
Shares of SEI Investments stock opened at $104.72 on Wednesday. The company has a market capitalization of $12.57 billion, a PE ratio of 18.47 and a beta of 0.96. SEI Investments Company has a 12 month low of $75.08 and a 12 month high of $105.53. The company has a current ratio of 5.06, a quick ratio of 4.96 and a debt-to-equity ratio of 0.06. The stock's fifty day simple moving average is $93.46 and its 200 day simple moving average is $86.95.
SEI Investments (NASDAQ:SEIC - Get Free Report) last posted its earnings results on Wednesday, July 22nd. The asset manager reported $1.66 earnings per share for the quarter, topping the consensus estimate of $1.44 by $0.22. SEI Investments had a return on equity of 29.16% and a net margin of 28.85%.The firm had revenue of $641.62 million for the quarter, compared to analyst estimates of $636.35 million. During the same period in the previous year, the company posted $1.78 earnings per share. The company's revenue for the quarter was up 14.7% on a year-over-year basis. On average, research analysts predict that SEI Investments Company will post 6.2 EPS for the current year.
SEI Investments Dividend Announcement
The firm also recently disclosed a dividend, which was paid on Tuesday, June 16th. Stockholders of record on Monday, June 8th were issued a dividend of $0.52 per share. This represents a dividend yield of 118.0%. The ex-dividend date was Monday, June 8th. SEI Investments's payout ratio is 18.34%.
Institutional Investors Weigh In On SEI Investments
Institutional investors have recently bought and sold shares of the company. Norges Bank acquired a new position in SEI Investments during the 4th quarter worth approximately $53,548,000. Clark Capital Management Group Inc. raised its holdings in shares of SEI Investments by 2,333.2% in the fourth quarter. Clark Capital Management Group Inc. now owns 645,859 shares of the asset manager's stock valued at $52,973,000 after purchasing an additional 619,315 shares during the last quarter. PFA Pension Forsikringsaktieselskab bought a new stake in shares of SEI Investments in the fourth quarter worth $43,186,000. Qube Research & Technologies Ltd lifted its position in shares of SEI Investments by 82.5% in the third quarter. Qube Research & Technologies Ltd now owns 766,775 shares of the asset manager's stock worth $65,061,000 after purchasing an additional 346,696 shares in the last quarter. Finally, Caisse de depot et placement du Quebec boosted its holdings in SEI Investments by 31.0% during the third quarter. Caisse de depot et placement du Quebec now owns 1,343,757 shares of the asset manager's stock worth $114,018,000 after purchasing an additional 317,703 shares during the last quarter. Institutional investors own 70.59% of the company's stock.
Wall Street Analyst Weigh In
Several analysts have commented on the stock. Weiss Ratings restated a "buy (b)" rating on shares of SEI Investments in a report on Friday, July 17th. Raymond James Financial upped their price target on shares of SEI Investments from $122.00 to $124.00 and gave the company an "outperform" rating in a report on Monday, July 6th. Piper Sandler raised their price objective on shares of SEI Investments from $114.00 to $120.00 and gave the stock an "overweight" rating in a report on Thursday, July 23rd. Zacks Research raised shares of SEI Investments from a "hold" rating to a "strong-buy" rating in a research report on Thursday, July 23rd. Finally, UBS Group reaffirmed a "buy" rating and issued a $125.00 target price on shares of SEI Investments in a research note on Thursday, July 23rd. One analyst has rated the stock with a Strong Buy rating and six have assigned a Buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Buy" and an average target price of $122.60.
View Our Latest Research Report on SEI Investments
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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