SEI Investments Sets New 12-Month High at $36.97 (SEIC)
SEI Investments (NASDAQ:SEIC) shares reached a new 52-week high on Monday , ARN reports. The stock traded as high as $36.97 and last traded at $36.77, with a volume of 265,981 shares traded. The stock had previously closed at $36.61.
SEIC has been the subject of a number of recent research reports. 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 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 $6.197 billion and a price-to-earnings ratio of 21.94.
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. On average, analysts predict that SEI Investments will post $1.84 earnings per share for the current fiscal year.
In other SEI Investments news, EVP N Jeffrey Klauder unloaded 10,000 shares of the stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $36.84, for a total transaction of $368,400.00. The sale was disclosed in a document filed with the SEC, which is available at this link.
SEI Investments Company (NASDAQ:SEIC) is a global provider of investment processing, investment management, and investment operations solutions.
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