Insider Selling: SEI Investments EVP N Jeffrey Klauder Sells 10,000 Shares of 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 dated Tuesday, August 26th. The shares were sold at an average price of $37.14, for a total transaction of $371,400.00. Following the completion of the sale, the executive vice president now directly owns 62,464 shares of the company’s stock, valued at approximately $2,319,913. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
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.
Shares of SEI Investments (NASDAQ:SEIC) traded up 1.60% on Tuesday, hitting $37.53. The stock had a trading volume of 905,457 shares. SEI Investments has a 52-week low of $29.31 and a 52-week high of $37.83. The stock has a 50-day moving average of $34.90 and a 200-day moving average of $33.37. The company has a market cap of $6.296 billion and a P/E ratio of 22.13.
SEI Investments (NASDAQ:SEIC) last announced its earnings results 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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