SEI Investments EVP Sells $362,800 in Stock (SEIC)
SEI Investments (NASDAQ:SEIC) EVP N Jeffrey Klauder sold 10,000 shares of the company’s stock on the open market in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $36.28, for a total transaction of $362,800.00. Following the sale, the executive vice president now directly owns 57,464 shares of the company’s stock, valued at approximately $2,084,794. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Shares of SEI Investments (NASDAQ:SEIC) traded down 0.83% on Thursday, hitting $35.76. The stock had a trading volume of 573,834 shares. SEI Investments has a 52-week low of $29.31 and a 52-week high of $36.47. The stock has a 50-day moving average of $33.48 and a 200-day moving average of $33.11. The company has a market cap of $5.999 billion and a price-to-earnings ratio of 21.61.
SEI Investments (NASDAQ:SEIC) last posted its quarterly earnings results on Wednesday, July 23rd. The company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.06. The company had revenue of $318.80 million for the quarter, compared to the consensus estimate of $312.39 million. During the same quarter in the previous year, the company posted $0.47 earnings per share. The company’s revenue for the quarter was up 16.1% on a year-over-year basis. Analysts expect that SEI Investments will post $1.84 EPS for the current fiscal year.
A number of analysts have recently weighed in on SEIC shares. Analysts at Oppenheimer upgraded shares of SEI Investments from a “market perform” rating to an “outperform” rating in a research note on Wednesday, July 30th. They now have a $42.00 price target on the stock. They noted that the move was a valuation call. Analysts at Keefe, Bruyette & Woods upgraded shares of SEI Investments from a “market perform” rating to an “outperform” rating in a research note on Thursday, July 24th. They now have a $41.00 price target on the stock, up previously from $37.00.
SEI Investments Company (NASDAQ:SEIC) is a global provider of investment processing, investment management, and investment operations solutions.
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