SEI Investments Director Sells $188,600 in Stock (SEIC)
SEI Investments (NASDAQ:SEIC) Director Richard Lieb unloaded 5,000 shares of the company’s stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $37.72, for a total value of $188,600.00. Following the completion of the sale, the director now directly owns 139,628 shares in the company, valued at approximately $5,266,768. The transaction was disclosed in a legal filing with the SEC, 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 down 0.53% during mid-day trading on Wednesday, hitting $37.49. The stock had a trading volume of 354,279 shares. SEI Investments has a 52-week low of $29.40 and a 52-week high of $38.14. The stock has a 50-day moving average of $35.61 and a 200-day moving average of $33.4. The company has a market cap of $6.290 billion and a P/E ratio of 22.58.
SEI Investments (NASDAQ:SEIC) last issued its quarterly earnings data 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. On average, analysts predict that SEI Investments will post $1.87 earnings per share 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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