SEI Investments Director Sells $274,800 in Stock (SEIC)
SEI Investments (NASDAQ:SEIC) Director Richard Lieb sold 7,500 shares of SEI Investments stock on the open market in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $36.64, for a total transaction of $274,800.00. Following the completion of the transaction, the director now directly owns 48,857 shares in the company, valued at approximately $1,790,120. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
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 (NASDAQ:SEIC) opened at 36.725 on Friday. SEI Investments has a 52-week low of $29.31 and a 52-week high of $36.75. The stock’s 50-day moving average is $34.66 and its 200-day moving average is $33.28. The company has a market cap of $6.161 billion and a price-to-earnings ratio of 22.00.
SEI Investments (NASDAQ:SEIC) last issued its quarterly earnings data on Wednesday, July 23rd. The company reported $0.48 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.47 earnings per share. The company’s quarterly revenue 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.
SEI Investments Company (NASDAQ:SEIC) is a global provider of investment processing, investment management, and investment operations solutions.
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