Q2 2017 EPS Estimates for SEI Investments Company Boosted by Analyst (SEIC)
SEI Investments Company (NASDAQ:SEIC) – Equities researchers at William Blair increased their Q2 2017 earnings estimates for SEI Investments in a research report issued on Monday. William Blair analyst C. Shutler now expects that the asset manager will earn $0.56 per share for the quarter, up from their previous estimate of $0.55. William Blair also issued estimates for SEI Investments’ Q3 2017 earnings at $0.57 EPS, Q4 2017 earnings at $0.59 EPS, FY2017 earnings at $2.27 EPS and FY2018 earnings at $2.63 EPS.
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Several other equities research analysts have also issued reports on the stock. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $54.00 price objective on shares of SEI Investments in a research report on Friday, June 23rd. Zacks Investment Research raised shares of SEI Investments from a “sell” rating to a “hold” rating in a research report on Tuesday, March 28th. Raymond James Financial, Inc. reissued a “market perform” rating on shares of SEI Investments in a research report on Thursday, April 20th. Mizuho initiated coverage on shares of SEI Investments in a research report on Tuesday, June 27th. They issued a “buy” rating and a $60.00 price objective for the company. Finally, BidaskClub lowered shares of SEI Investments from a “strong-buy” rating to a “buy” rating in a research report on Thursday, June 22nd. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $58.75.
SEI Investments (NASDAQ:SEIC) opened at 57.21 on Wednesday. The firm has a market capitalization of $9.08 billion, a PE ratio of 27.11 and a beta of 1.33. SEI Investments has a one year low of $42.12 and a one year high of $57.32. The firm has a 50 day moving average of $53.93 and a 200 day moving average of $51.47.
In related news, major shareholder Alfred P. West, Jr. sold 84,116 shares of the firm’s stock in a transaction on Friday, June 9th. The shares were sold at an average price of $51.92, for a total transaction of $4,367,302.72. Following the completion of the sale, the insider now directly owns 10,952,166 shares of the company’s stock, valued at approximately $568,636,458.72. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder Alfred P. West, Jr. sold 15,884 shares of the firm’s stock in a transaction on Monday, June 12th. The shares were sold at an average price of $52.46, for a total transaction of $833,274.64. Following the sale, the insider now directly owns 10,886,282 shares of the company’s stock, valued at $571,094,353.72. The disclosure for this sale can be found here. Insiders sold 172,500 shares of company stock valued at $8,999,577 in the last three months. Company insiders own 17.10% of the company’s stock.
Large investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. raised its stake in SEI Investments by 32.2% in the first quarter. JPMorgan Chase & Co. now owns 320,687 shares of the asset manager’s stock worth $16,176,000 after buying an additional 78,158 shares during the last quarter. Suntrust Banks Inc. raised its stake in SEI Investments by 1.1% in the first quarter. Suntrust Banks Inc. now owns 8,061 shares of the asset manager’s stock worth $405,000 after buying an additional 88 shares during the last quarter. UBS Asset Management Americas Inc. raised its stake in SEI Investments by 107.7% in the fourth quarter. UBS Asset Management Americas Inc. now owns 685,000 shares of the asset manager’s stock worth $33,811,000 after buying an additional 355,130 shares during the last quarter. Renaissance Technologies LLC purchased a new stake in SEI Investments during the fourth quarter worth $2,933,000. Finally, Confluence Investment Management LLC raised its stake in SEI Investments by 4.2% in the second quarter. Confluence Investment Management LLC now owns 268,543 shares of the asset manager’s stock worth $14,442,000 after buying an additional 10,744 shares during the last quarter. 69.46% of the stock is owned by institutional investors and hedge funds.
About SEI Investments
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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