Insider Selling: SEI Investments EVP Unloads 10,000 Shares of Stock (SEIC)
SEI Investments (NASDAQ:SEIC) EVP N Jeffrey Klauder sold 10,000 shares of SEI Investments stock on the open market in a transaction dated Friday, August 22nd. The stock was sold at an average price of $36.84, for a total transaction of $368,400.00. Following the sale, the executive vice president now directly owns 62,464 shares of the company’s stock, valued at approximately $2,301,174. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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.
Shares of SEI Investments (NASDAQ:SEIC) traded up 0.45% on Monday, hitting $36.775. 265,156 shares of the company’s stock traded hands. SEI Investments has a one year low of $29.31 and a one year high of $36.92. The stock has a 50-day moving average of $34.77 and a 200-day moving average of $33.31. The company has a market cap of $6.170 billion and a P/E ratio of 21.94.
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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