SEI Investments Company (SEIC) to Release Earnings on Wednesday
SEI Investments Company (NASDAQ:SEIC) will be releasing its earnings data after the market closes on Wednesday, October 18th. Analysts expect SEI Investments to post earnings of $0.57 per share for the quarter.
SEI Investments (NASDAQ:SEIC) last released its quarterly earnings data on Wednesday, July 26th. The asset manager reported $0.57 EPS for the quarter, beating the consensus estimate of $0.55 by $0.02. The business had revenue of $372.30 million for the quarter, compared to the consensus estimate of $369.88 million. SEI Investments had a net margin of 24.44% and a return on equity of 26.60%. The business’s revenue for the quarter was up 8.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.49 EPS. On average, analysts expect SEI Investments to post $2.28 EPS for the current fiscal year and $2.68 EPS for the next fiscal year.
Shares of SEI Investments Company (SEIC) opened at 63.37 on Wednesday. The stock has a market capitalization of $10.02 billion, a P/E ratio of 29.06 and a beta of 1.35. SEI Investments Company has a 12-month low of $43.54 and a 12-month high of $63.37. The stock has a 50 day moving average of $58.98 and a 200 day moving average of $54.44.
A number of equities analysts have recently commented on SEIC shares. Zacks Investment Research cut shares of SEI Investments from a “buy” rating to a “hold” rating in a report on Wednesday, September 6th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $58.00 target price on shares of SEI Investments in a report on Sunday, September 3rd. Mizuho started coverage on shares of SEI Investments in a report on Tuesday, June 27th. They issued a “buy” rating and a $60.00 target price on the stock. BidaskClub cut shares of SEI Investments from a “strong-buy” rating to a “buy” rating in a report on Thursday, June 22nd. Finally, Oppenheimer Holdings, Inc. lifted their target price on shares of SEI Investments from $55.00 to $60.00 and gave the company an “outperform” rating in a report on Tuesday, July 11th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $61.50.
In related news, major shareholder Alfred P. West, Jr. sold 50,000 shares of SEI Investments stock in a transaction on Friday, August 4th. The shares were sold at an average price of $55.94, for a total value of $2,797,000.00. Following the transaction, the insider now directly owns 10,686,282 shares in the company, valued at approximately $597,790,615.08. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Stephen Meyer sold 20,000 shares of SEI Investments stock in a transaction on Thursday, September 28th. The shares were sold at an average price of $61.51, for a total transaction of $1,230,200.00. Following the completion of the transaction, the insider now owns 113,224 shares in the company, valued at $6,964,408.24. The disclosure for this sale can be found here. Insiders sold a total of 325,000 shares of company stock worth $18,540,250 over the last ninety days. Corporate insiders own 16.50% of the company’s stock.
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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