Brokerages expect SEI Investments (NASDAQ:SEIC) to post earnings per share (EPS) of $0.84 for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for SEI Investments’ earnings. The lowest EPS estimate is $0.83 and the highest is $0.84. SEI Investments reported earnings per share of $0.73 during the same quarter last year, which indicates a positive year over year growth rate of 15.1%. The firm is scheduled to announce its next earnings results on Wednesday, January 29th.
On average, analysts expect that SEI Investments will report full-year earnings of $3.24 per share for the current fiscal year, with EPS estimates ranging from $3.23 to $3.25. For the next fiscal year, analysts anticipate that the firm will post earnings of $3.57 per share, with EPS estimates ranging from $3.55 to $3.60. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that follow SEI Investments.
SEI Investments (NASDAQ:SEIC) last announced its quarterly earnings results on Wednesday, October 23rd. The asset manager reported $0.86 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.83 by $0.03. The company had revenue of $416.30 million for the quarter, compared to analysts’ expectations of $415.52 million. SEI Investments had a net margin of 29.95% and a return on equity of 29.77%. SEI Investments’s revenue was up 1.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.80 EPS.
Several research firms have issued reports on SEIC. BidaskClub upgraded shares of SEI Investments from a “hold” rating to a “buy” rating in a research note on Thursday, October 31st. Oppenheimer upped their target price on shares of SEI Investments from $66.00 to $70.00 in a research note on Thursday. Finally, ValuEngine cut shares of SEI Investments from a “hold” rating to a “sell” rating in a research note on Thursday, October 10th. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company’s stock. SEI Investments has a consensus rating of “Hold” and an average price target of $64.00.
SEI Investments stock traded down $0.49 during mid-day trading on Monday, reaching $62.28. The stock had a trading volume of 737,815 shares, compared to its average volume of 607,067. The company has a market capitalization of $9.44 billion, a price-to-earnings ratio of 19.83, a PEG ratio of 1.62 and a beta of 1.30. The company has a 50-day moving average price of $59.75 and a two-hundred day moving average price of $56.76. SEI Investments has a one year low of $42.27 and a one year high of $63.22. The company has a debt-to-equity ratio of 0.02, a current ratio of 5.74 and a quick ratio of 5.59.
In other news, Director William Doran sold 5,000 shares of the stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $61.00, for a total value of $305,000.00. Following the transaction, the director now owns 671,915 shares in the company, valued at approximately $40,986,815. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Dennis Mcgonigle sold 30,000 shares of the stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $62.62, for a total transaction of $1,878,600.00. Following the completion of the transaction, the executive vice president now owns 607,034 shares in the company, valued at approximately $38,012,469.08. The disclosure for this sale can be found here. Insiders have sold a total of 44,500 shares of company stock worth $2,767,755 in the last 90 days. Company insiders own 22.60% of the company’s stock.
Several large investors have recently modified their holdings of the company. BlackRock Inc. lifted its stake in shares of SEI Investments by 1.2% in the 2nd quarter. BlackRock Inc. now owns 13,950,907 shares of the asset manager’s stock worth $782,645,000 after purchasing an additional 165,595 shares during the period. Atlanta Capital Management Co. L L C lifted its stake in shares of SEI Investments by 0.8% in the 2nd quarter. Atlanta Capital Management Co. L L C now owns 5,624,150 shares of the asset manager’s stock worth $315,515,000 after purchasing an additional 45,892 shares during the period. Bank of America Corp DE lifted its stake in shares of SEI Investments by 4.1% in the 2nd quarter. Bank of America Corp DE now owns 4,364,268 shares of the asset manager’s stock worth $244,834,000 after purchasing an additional 172,443 shares during the period. Citadel Advisors LLC lifted its stake in shares of SEI Investments by 249.1% in the 2nd quarter. Citadel Advisors LLC now owns 1,928,938 shares of the asset manager’s stock worth $108,214,000 after purchasing an additional 1,376,469 shares during the period. Finally, Renaissance Technologies LLC increased its holdings in SEI Investments by 15.4% in the 2nd quarter. Renaissance Technologies LLC now owns 1,120,226 shares of the asset manager’s stock worth $62,845,000 after acquiring an additional 149,900 shares in the last quarter. Hedge funds and other institutional investors own 69.40% of the company’s stock.
SEI Investments Company Profile
SEI Investments Company 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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