SEI Investments Director Sarah Blumenstein Sells 4,000 Shares (SEIC)
SEI Investments (NASDAQ:SEIC) Director Sarah Blumenstein unloaded 4,000 shares of the company’s stock on the open market in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $33.82, for a total transaction of $135,280.00. Following the completion of the transaction, the director now directly owns 1,744 shares of the company’s stock, valued at approximately $58,982. 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 down 1.69% on Thursday, hitting $33.19. 2,085,767 shares of the company’s stock traded hands. SEI Investments has a one year low of $20.79 and a one year high of $34.39. The stock has a 50-day moving average of $31. and a 200-day moving average of $30.35. The company has a market cap of $5.686 billion and a price-to-earnings ratio of 21.22.
SEI Investments (NASDAQ:SEIC) last released its earnings data on Thursday, October 24th. The company reported $0.38 earnings per share for the quarter, beating the analysts’ 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. On average, analysts predict that SEI Investments will post $1.38 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on SEIC shares. 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, October 25th. 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 analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $33.80.
SEI Investments Company (NASDAQ:SEIC) is a global provider of investment processing, investment management, and investment operations solutions.
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