Insider Selling: N Jeffrey Klauder Sells 30,000 Shares of SEI Investments Stock (SEIC)
SEI Investments (NASDAQ:SEIC) EVP N Jeffrey Klauder sold 30,000 shares of SEI Investments stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $34.07, for a total value of $1,022,100.00. Following the completion of the sale, the executive vice president now directly owns 17,964 shares in the company, valued at approximately $612,033. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
SEI Investments (NASDAQ:SEIC) traded up 0.98% on Tuesday, hitting $34.14. The stock had a trading volume of 642,336 shares. SEI Investments has a 52 week low of $20.79 and a 52 week high of $32.64. The stock’s 50-day moving average is $31.16 and its 200-day moving average is $29.63. The company has a market cap of $5.848 billion and a price-to-earnings ratio of 21.25.
SEI Investments (NASDAQ:SEIC) last posted its quarterly earnings results on Thursday, October 24th. The company reported $0.38 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.34 by $0.04. The company had revenue of $280.70 million for the quarter, compared to the consensus estimate of $277.23 million. During the same quarter in the prior year, the company posted $0.29 earnings per share. The company’s quarterly revenue was up 11.5% on a year-over-year basis. Analysts expect that SEI Investments will post $1.38 EPS for the current fiscal year.
SEIC has been the subject of a number of recent research reports. Analysts at Keefe, Bruyette & Woods raised their price target on shares of SEI Investments from $31.00 to $33.00 in a research note to investors on Friday. They now have a “market perform” rating on the stock. Analysts at Zacks downgraded shares of SEI Investments from an “outperform” rating to a “neutral” rating in a research note to investors on Monday, September 30th. They now have a $32.00 price target on the stock. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $33.80.
SEI Investments Company (NASDAQ:SEIC) is a global provider of investment processing, investment management, and investment operations solutions.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.