SEI Investments’s “Neutral” Rating Reaffirmed at Zacks (SEIC)
SEI Investments (NASDAQ:SEIC)‘s stock had its “neutral” rating reiterated by Zacks in a report released on Wednesday. They currently have a $34.00 price objective on the stock. Zacks‘s price objective indicates a potential upside of 5.04% from the company’s current price.
Zacks’ analyst wrote, “SEI Investments’ first-quarter 2014 earnings marginally beat the Zacks Consensus Estimate. Results benefited from growth in top line, partially offset by increase in expenses. Further, improvement in assets under management was the other highlight. Overall, the company has been witnessing a rising trend in revenues in the past several quarters. Also, robust asset inflows will prove accretive to its overall growth in the coming quarters. Enhanced capital deployment activities remain impressive too. However, high dependence on fee-based revenues, a sluggish economic recovery and stringent regulatory landscape will continue to partly mitigate its profitability in the upcoming quarters.”
Shares of SEI Investments (NASDAQ:SEIC) traded down 0.26% during mid-day trading on Wednesday, hitting $32.285. 185,105 shares of the company’s stock traded hands. SEI Investments has a 52 week low of $27.54 and a 52 week high of $35.59. The stock’s 50-day moving average is $32.39 and its 200-day moving average is $33.24. The company has a market cap of $5.461 billion and a price-to-earnings ratio of 19.50.
SEI Investments (NASDAQ:SEIC) last announced its earnings results on Wednesday, April 23rd. The company reported $0.41 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.40 by $0.01. The company had revenue of $302.40 million for the quarter, compared to the consensus estimate of $305.10 million. During the same quarter in the prior year, the company posted $0.33 earnings per share. The company’s quarterly revenue was up 11.2% on a year-over-year basis. On average, analysts predict that SEI Investments will post $1.72 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.
To view Zacks’ full report, visit Zacks’ official website.
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.