SEI Investments Company (SEIC) Director William Doran Sells 5,000 Shares
SEI Investments Company (NASDAQ:SEIC) Director William Doran sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, June 12th. The shares were sold at an average price of $52.40, for a total value of $262,000.00. Following the transaction, the director now directly owns 681,015 shares in the company, valued at $35,685,186. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
SEI Investments Company (NASDAQ:SEIC) traded down 0.06% during trading on Wednesday, hitting $53.62. The stock had a trading volume of 220,416 shares. The stock has a 50 day moving average price of $50.95 and a 200-day moving average price of $50.40. SEI Investments Company has a 12 month low of $42.12 and a 12 month high of $53.68. The stock has a market cap of $8.51 billion, a price-to-earnings ratio of 25.41 and a beta of 1.38.
SEI Investments Company (NASDAQ:SEIC) last released its quarterly earnings data on Wednesday, April 19th. The asset manager reported $0.55 EPS for the quarter, topping the consensus estimate of $0.52 by $0.03. The company had revenue of $359.98 million for the quarter, compared to the consensus estimate of $362.65 million. SEI Investments Company had a return on equity of 26.20% and a net margin of 24.18%. SEI Investments Company’s quarterly revenue was up 7.7% on a year-over-year basis. During the same period last year, the business posted $0.46 EPS. On average, equities analysts predict that SEI Investments Company will post $2.24 EPS for the current year.
The company also recently disclosed a semiannual dividend, which will be paid on Friday, June 16th. Shareholders of record on Wednesday, June 7th will be issued a dividend of $0.28 per share. The ex-dividend date is Monday, June 5th. This represents a yield of 1.11%. SEI Investments Company’s payout ratio is currently 26.42%.
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Several equities analysts have recently issued reports on SEIC shares. Zacks Investment Research raised SEI Investments Company from a “hold” rating to a “buy” rating and set a $57.00 target price on the stock in a research note on Friday, April 7th. Raymond James Financial, Inc. reissued a “market perform” rating on shares of SEI Investments Company in a research note on Thursday, April 20th.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Loomis Sayles & Co. L P increased its position in SEI Investments Company by 1.2% in the first quarter. Loomis Sayles & Co. L P now owns 14,210,594 shares of the asset manager’s stock valued at $716,782,000 after buying an additional 163,767 shares during the last quarter. Vanguard Group Inc. increased its position in SEI Investments Company by 4.8% in the first quarter. Vanguard Group Inc. now owns 12,903,413 shares of the asset manager’s stock valued at $650,849,000 after buying an additional 595,691 shares during the last quarter. BlackRock Inc. increased its position in SEI Investments Company by 3,644.6% in the first quarter. BlackRock Inc. now owns 12,750,729 shares of the asset manager’s stock valued at $643,148,000 after buying an additional 12,410,221 shares during the last quarter. State Street Corp increased its position in SEI Investments Company by 1.6% in the fourth quarter. State Street Corp now owns 5,950,391 shares of the asset manager’s stock valued at $293,716,000 after buying an additional 94,471 shares during the last quarter. Finally, Boston Partners increased its position in SEI Investments Company by 12.8% in the first quarter. Boston Partners now owns 2,990,529 shares of the asset manager’s stock valued at $150,843,000 after buying an additional 339,121 shares during the last quarter. Institutional investors own 69.99% of the company’s stock.
About SEI Investments Company
SEI Investments Company provides investment processing, investment management and investment operations solutions. The Company provides its solutions to financial institutions, financial advisors, institutional investors, investment managers and ultra-high-net-worth families in the United States, Canada, the United Kingdom, continental Europe and various other locations around the world.
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