According to Zacks, “SEI Investments has a negative record of earnings surprises in the recent quarters. Further, expenses are expected to remain elevated over the next couple of years due to additional investment spending around services. In addition, increasing dependence on fee-based revenues can adversely affect the company’s financials in the near term. Moreover, a continuing low interest-rate environment and persistent regulatory constraints remain matters of concern. Nonetheless, the company is well positioned for organic growth in the forthcoming quarters based on its innovative and diverse global investment products and services. Further, robust asset inflows will continue to support revenues.”
Other equities research analysts have also recently issued research reports about the company. Keefe, Bruyette & Woods cut their target price on SEI Investments from $51.00 to $47.00 and set a market perform rating for the company in a research note on Thursday, July 28th. Oppenheimer Holdings Inc. cut their target price on SEI Investments from $56.00 to $53.00 and set an outperform rating for the company in a research note on Thursday, July 28th.
Shares of SEI Investments (NASDAQ:SEIC) traded up 0.09% during midday trading on Wednesday, hitting $45.09. The company had a trading volume of 120,835 shares. The company has a 50-day moving average of $45.68 and a 200 day moving average of $47.14. SEI Investments has a 12 month low of $32.01 and a 12 month high of $55.11. The firm has a market capitalization of $7.27 billion, a PE ratio of 23.48 and a beta of 1.26.
SEI Investments (NASDAQ:SEIC) last posted its earnings results on Wednesday, July 27th. The company reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by $0.01. The business had revenue of $343.83 million for the quarter, compared to analyst estimates of $346.92 million. SEI Investments had a return on equity of 24.48% and a net margin of 23.67%. SEI Investments’s revenue was up 1.8% compared to the same quarter last year. During the same period last year, the business earned $0.51 EPS. On average, analysts expect that SEI Investments will post $1.92 EPS for the current fiscal year.
In other news, major shareholder Alfred P. West, Jr. sold 90,000 shares of SEI Investments stock in a transaction on Monday, August 8th. The stock was sold at an average price of $44.98, for a total value of $4,048,200.00. Following the completion of the sale, the insider now directly owns 11,641,864 shares of the company’s stock, valued at $523,651,042.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 17.10% of the stock is owned by insiders.
Large investors have recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. boosted its position in SEI Investments by 193.4% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,127 shares of the company’s stock valued at $102,000 after buying an additional 1,402 shares during the last quarter. Pacer Advisors Inc. boosted its position in SEI Investments by 7.6% in the second quarter. Pacer Advisors Inc. now owns 2,423 shares of the company’s stock valued at $117,000 after buying an additional 172 shares during the last quarter. Zacks Investment Management bought a new position in SEI Investments during the second quarter valued at approximately $207,000. Cubist Systematic Strategies LLC bought a new position in SEI Investments during the second quarter valued at approximately $214,000. Finally, Gateway Investment Advisers LLC boosted its position in SEI Investments by 1.1% in the second quarter. Gateway Investment Advisers LLC now owns 4,820 shares of the company’s stock valued at $232,000 after buying an additional 53 shares during the last quarter. 70.29% of the stock is owned by institutional investors and hedge funds.
SEI Investments Company Profile
SEI Investments Company (SEI) is a provider of investment processing, investment management and investment operations solutions. The Company enables corporations, financial institutions, financial advisors and ultra-high-net-worth families to create and manage wealth by providing investment and investment-business solutions.
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