SEI Investments (SEIC) Downgraded to “Sell” at ValuEngine

SEI Investments (NASDAQ:SEIC) was downgraded by stock analysts at ValuEngine from a “hold” rating to a “sell” rating in a research report issued on Monday.

Several other equities research analysts also recently issued reports on the stock. BidaskClub downgraded shares of SEI Investments from a “sell” rating to a “strong sell” rating in a research note on Tuesday, October 2nd. Zacks Investment Research upgraded shares of SEI Investments from a “hold” rating to a “buy” rating and set a $69.00 price objective on the stock in a research note on Thursday, August 23rd. Finally, Mizuho restated a “buy” rating and issued a $85.00 price objective on shares of SEI Investments in a research note on Friday, July 20th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $78.75.

Shares of SEI Investments stock traded down $0.49 during midday trading on Monday, hitting $59.16. The company had a trading volume of 431,700 shares, compared to its average volume of 674,094. The company has a market cap of $9.58 billion, a price-to-earnings ratio of 25.50, a PEG ratio of 1.62 and a beta of 1.14. SEI Investments has a 1-year low of $58.15 and a 1-year high of $78.35.

SEI Investments (NASDAQ:SEIC) last announced its quarterly earnings data on Thursday, July 19th. The asset manager reported $0.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.76 by ($0.01). The company had revenue of $404.80 million during the quarter, compared to analyst estimates of $405.58 million. SEI Investments had a return on equity of 29.98% and a net margin of 30.25%. The company’s revenue was up 8.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.57 EPS. On average, analysts anticipate that SEI Investments will post 3.15 earnings per share for the current year.

In other news, insider Dennis Mcgonigle sold 15,000 shares of the firm’s stock in a transaction on Wednesday, September 12th. The shares were sold at an average price of $62.83, for a total value of $942,450.00. Following the sale, the insider now owns 27,540 shares in the company, valued at $1,730,338.20. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Joseph P. Ujobai sold 1,473 shares of the firm’s stock in a transaction on Monday, August 13th. The stock was sold at an average price of $59.84, for a total transaction of $88,144.32. Following the completion of the sale, the insider now owns 14,013 shares in the company, valued at approximately $838,537.92. The disclosure for this sale can be found here. In the last 90 days, insiders sold 42,973 shares of company stock worth $2,598,794. 17.30% of the stock is currently owned by corporate insiders.

Several institutional investors have recently made changes to their positions in the company. Jane Street Group LLC lifted its position in SEI Investments by 29.6% in the first quarter. Jane Street Group LLC now owns 3,700 shares of the asset manager’s stock worth $277,000 after purchasing an additional 845 shares during the period. Rhumbline Advisers lifted its position in SEI Investments by 0.3% in the second quarter. Rhumbline Advisers now owns 298,311 shares of the asset manager’s stock worth $18,650,000 after purchasing an additional 931 shares during the period. Bbva Compass Bancshares Inc. lifted its position in SEI Investments by 0.9% in the second quarter. Bbva Compass Bancshares Inc. now owns 110,599 shares of the asset manager’s stock worth $6,915,000 after purchasing an additional 942 shares during the period. Aperio Group LLC lifted its position in SEI Investments by 2.7% in the second quarter. Aperio Group LLC now owns 36,085 shares of the asset manager’s stock worth $2,256,000 after purchasing an additional 949 shares during the period. Finally, MetLife Investment Advisors LLC lifted its position in SEI Investments by 1.2% in the second quarter. MetLife Investment Advisors LLC now owns 82,465 shares of the asset manager’s stock worth $5,156,000 after purchasing an additional 1,000 shares during the period. Institutional investors and hedge funds own 68.85% of the company’s stock.

SEI Investments Company Profile

SEI Investments Co is a publicly owned asset management holding company. Through its subsidiaries, the firm provides wealth management, retirement and investment solutions, asset management, asset administration, investment processing outsourcing solutions, financial services, and investment advisory services to its clients.

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