SEI Investments Reaches New 52-Week High at $36.50 (SEIC)
SEI Investments (NASDAQ:SEIC)’s share price hit a new 52-week high during mid-day trading on Thursday , AnalystRatingsNetwork reports. The company traded as high as $36.50 and last traded at $36.24, with a volume of 120,793 shares traded. The stock had previously closed at $36.41.
Several analysts have recently commented on the stock. 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.
The stock’s 50-day moving average is $34.0 and its 200-day moving average is $33.17. The company has a market cap of $6.081 billion and a price-to-earnings ratio of 21.82.
SEI Investments (NASDAQ:SEIC) last posted its quarterly earnings results on Wednesday, July 23rd. The company reported $0.48 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.47 earnings per share. SEI Investments’s revenue was up 16.1% compared to the same quarter last year. Analysts expect that SEI Investments will post $1.84 EPS for the current fiscal year.
In other SEI Investments news, major shareholder Alfred P. West, Jr. sold 15,000 shares of the company’s stock on the open market in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $35.95, for a total transaction of $539,250.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.
SEI Investments Company (NASDAQ:SEIC) is a global provider of investment processing, investment management, and investment operations solutions.
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