SEI Investments Director Unloads $188,200 in Stock (SEIC)
SEI Investments (NASDAQ:SEIC) Director Richard Lieb sold 5,000 shares of the company’s stock on the open market in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $37.64, for a total transaction of $188,200.00. Following the sale, the director now directly owns 134,628 shares in the company, valued at approximately $5,067,398. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of SEI Investments (NASDAQ:SEIC) traded down 0.19% on Thursday, hitting $37.38. The stock had a trading volume of 431,390 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 $35.75 and a 200-day moving average of $33.4. The company has a market cap of $6.271 billion and a price-to-earnings ratio of 22.44.
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. On average, analysts predict that SEI Investments will post $1.87 earnings per share for the current fiscal year.
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.
SEI Investments Company (NASDAQ:SEIC) is a global provider of investment processing, investment management, and investment operations solutions.
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