SEI Investments Company (NASDAQ:SEIC) insider Wayne Withrow sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 5th. The shares were sold at an average price of $70.35, for a total value of $703,500.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

Wayne Withrow also recently made the following trade(s):

  • On Wednesday, September 20th, Wayne Withrow sold 10,000 shares of SEI Investments stock. The shares were sold at an average price of $59.97, for a total value of $599,700.00.

SEI Investments Company (NASDAQ:SEIC) traded down $0.10 during mid-day trading on Tuesday, reaching $70.08. The company’s stock had a trading volume of 513,781 shares, compared to its average volume of 557,634. SEI Investments Company has a 1-year low of $47.73 and a 1-year high of $71.13. The company has a quick ratio of 5.41, a current ratio of 5.52 and a debt-to-equity ratio of 0.03. The company has a market cap of $11,060.00, a P/E ratio of 30.52, a price-to-earnings-growth ratio of 2.49 and a beta of 1.40.

SEI Investments (NASDAQ:SEIC) last posted its quarterly earnings results on Wednesday, October 25th. The asset manager reported $0.63 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.57 by $0.06. SEI Investments had a return on equity of 27.12% and a net margin of 24.94%. The business had revenue of $368.02 million during the quarter, compared to the consensus estimate of $384.43 million. During the same period in the prior year, the company posted $0.53 EPS. The firm’s revenue for the quarter was up 3.8% compared to the same quarter last year. equities analysts predict that SEI Investments Company will post 2.35 EPS for the current fiscal year.

SEI Investments declared that its board has authorized a stock buyback program on Wednesday, October 25th that allows the company to repurchase $200.00 million in shares. This repurchase authorization allows the asset manager to repurchase shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board of directors believes its stock is undervalued.

A number of research analysts recently issued reports on the company. Mizuho reiterated a “buy” rating and set a $72.00 price objective on shares of SEI Investments in a research note on Friday, November 17th. Zacks Investment Research downgraded SEI Investments from a “buy” rating to a “hold” rating in a research note on Wednesday, September 6th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $58.00 price target on shares of SEI Investments in a research note on Sunday, September 3rd. Finally, Oppenheimer upped their price target on SEI Investments from $60.00 to $67.00 and gave the stock an “outperform” rating in a research note on Thursday, September 28th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. SEI Investments currently has an average rating of “Buy” and a consensus price target of $67.25.

A number of hedge funds have recently bought and sold shares of SEIC. Dimensional Fund Advisors LP boosted its position in shares of SEI Investments by 1.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 488,046 shares of the asset manager’s stock valued at $24,616,000 after acquiring an additional 9,155 shares during the last quarter. Bank of Montreal Can boosted its position in shares of SEI Investments by 5.4% during the 2nd quarter. Bank of Montreal Can now owns 34,917 shares of the asset manager’s stock valued at $1,878,000 after acquiring an additional 1,787 shares during the last quarter. Aperio Group LLC boosted its position in shares of SEI Investments by 2.4% during the 2nd quarter. Aperio Group LLC now owns 27,760 shares of the asset manager’s stock valued at $1,493,000 after acquiring an additional 662 shares during the last quarter. US Bancorp DE boosted its position in shares of SEI Investments by 1,649.0% during the 2nd quarter. US Bancorp DE now owns 22,282 shares of the asset manager’s stock valued at $1,198,000 after acquiring an additional 21,008 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its position in shares of SEI Investments by 3.4% during the 2nd quarter. Russell Investments Group Ltd. now owns 84,725 shares of the asset manager’s stock valued at $4,557,000 after acquiring an additional 2,819 shares during the last quarter. Institutional investors and hedge funds own 70.55% of the company’s stock.

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SEI Investments Company Profile

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.

Insider Buying and Selling by Quarter for SEI Investments (NASDAQ:SEIC)

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