Analysts expect SEI Investments (NASDAQ:SEIC) to announce earnings of $0.78 per share for the current quarter, Zacks reports. Three analysts have issued estimates for SEI Investments’ earnings, with the highest EPS estimate coming in at $0.80 and the lowest estimate coming in at $0.76. SEI Investments reported earnings per share of $0.55 in the same quarter last year, which suggests a positive year over year growth rate of 41.8%. The company is expected to report its next earnings results on Wednesday, April 18th.
On average, analysts expect that SEI Investments will report full-year earnings of $3.24 per share for the current year, with EPS estimates ranging from $3.16 to $3.30. For the next year, analysts forecast that the firm will post earnings of $3.56 per share, with EPS estimates ranging from $3.55 to $3.58. Zacks’ EPS averages are a mean average based on a survey of analysts that follow SEI Investments.
SEI Investments (NASDAQ:SEIC) last issued its earnings results on Wednesday, January 31st. The asset manager reported $0.75 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.15. The company had revenue of $408.22 million during the quarter, compared to the consensus estimate of $397.96 million. SEI Investments had a return on equity of 26.74% and a net margin of 26.49%. The firm’s revenue for the quarter was up 10.7% compared to the same quarter last year. During the same period last year, the business posted $0.55 EPS.
In other news, insider Joseph P. Ujobai sold 17,500 shares of the firm’s stock in a transaction that occurred on Thursday, November 9th. The shares were sold at an average price of $64.46, for a total transaction of $1,128,050.00. Following the transaction, the insider now directly owns 30,040 shares in the company, valued at $1,936,378.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Wayne Withrow sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 5th. The stock was sold at an average price of $70.35, for a total transaction of $703,500.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 76,250 shares of company stock worth $5,177,350. Insiders own 16.50% of the company’s stock.
Large investors have recently bought and sold shares of the stock. Prudential Financial Inc. raised its stake in shares of SEI Investments by 88.3% during the 3rd quarter. Prudential Financial Inc. now owns 509,716 shares of the asset manager’s stock worth $31,123,000 after buying an additional 239,000 shares during the last quarter. Atlantic Trust Group LLC raised its position in SEI Investments by 2.5% in the 3rd quarter. Atlantic Trust Group LLC now owns 70,010 shares of the asset manager’s stock valued at $4,275,000 after purchasing an additional 1,715 shares during the last quarter. American Capital Management Inc. raised its position in SEI Investments by 0.5% in the 3rd quarter. American Capital Management Inc. now owns 849,780 shares of the asset manager’s stock valued at $51,888,000 after purchasing an additional 4,620 shares during the last quarter. Shell Asset Management Co. raised its position in SEI Investments by 238.1% in the 3rd quarter. Shell Asset Management Co. now owns 22,578 shares of the asset manager’s stock valued at $816,000 after purchasing an additional 15,900 shares during the last quarter. Finally, BP PLC bought a new position in SEI Investments in the 3rd quarter valued at $977,000. Hedge funds and other institutional investors own 70.26% of the company’s stock.
Shares of SEI Investments (NASDAQ:SEIC) traded up $0.79 on Wednesday, reaching $72.24. 335,194 shares of the company’s stock were exchanged, compared to its average volume of 620,411. The stock has a market capitalization of $11,208.44, a PE ratio of 29.07, a PEG ratio of 1.82 and a beta of 1.30. The company has a current ratio of 4.14, a quick ratio of 4.07 and a debt-to-equity ratio of 0.02. SEI Investments has a twelve month low of $47.93 and a twelve month high of $77.49.
The business also recently disclosed a semiannual dividend, which was paid on Monday, January 8th. Shareholders of record on Wednesday, December 27th were issued a dividend of $0.30 per share. The ex-dividend date was Tuesday, December 26th. This represents a yield of 0.85%. This is a boost from SEI Investments’s previous semiannual dividend of $0.28. SEI Investments’s dividend payout ratio (DPR) is presently 24.00%.
SEI Investments declared that its Board of Directors has initiated a share repurchase program on Wednesday, October 25th that allows the company to buyback $200.00 million in outstanding shares. This buyback authorization allows the asset manager to purchase shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its stock is undervalued.
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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