SEI Investments EVP Joseph P. Ujobai Sells 10,000 Shares (SEIC)
SEI Investments (NASDAQ:SEIC) EVP Joseph P. Ujobai unloaded 10,000 shares of SEI Investments stock on the open market in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $37.82, for a total value of $378,200.00. Following the completion of the transaction, the executive vice president now directly owns 12,540 shares of the company’s stock, valued at approximately $474,263. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Shares of SEI Investments (NASDAQ:SEIC) traded down 0.53% on Wednesday, hitting $37.49. The stock had a trading volume of 354,277 shares. SEI Investments has a 52-week low of $29.40 and a 52-week high of $38.14. The stock’s 50-day moving average is $35.61 and its 200-day moving average is $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 announced its 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. Analysts expect that SEI Investments will post $1.87 EPS for the current fiscal year.
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 Company (NASDAQ:SEIC) is a global provider of investment processing, investment management, and investment operations solutions.
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