SEI Investments Co. Hits New 52-Week High at $35.00 (SEIC)
Shares of SEI Investments (NASDAQ:SEIC) hit a new 52-week high during trading on Thursday, AnalystRatingsNetwork.com reports. The stock traded as high as $35.00 and last traded at $34.96, with a volume of 777,322 shares trading hands. The stock had previously closed at $34.56.
A number of research firms have recently commented on SEIC. Analysts at Zacks reiterated a “neutral” rating on shares of SEI Investments in a research note to investors on Thursday, December 26th. They now have a $36.50 price target on the stock. 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. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $34.70.
SEI Investments has a 52 week low of $24.63 and a 52 week high of $34.97. The stock’s 50-day moving average is $34.14 and its 200-day moving average is $32.19. The company has a market cap of $5.964 billion and a price-to-earnings ratio of 21.72.
SEI Investments (NASDAQ:SEIC) last announced its 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. On average, analysts predict that SEI Investments will post $1.37 earnings per share for the current fiscal year.
SEI Investments Company (NASDAQ:SEIC) is a global provider of investment processing, investment management, and investment operations solutions.
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