SEI Investments (SEIC) Earns Media Impact Rating of 0.09

Media stories about SEI Investments (NASDAQ:SEIC) have been trending somewhat positive on Friday, Accern Sentiment reports. The research firm ranks the sentiment of media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. SEI Investments earned a media sentiment score of 0.09 on Accern’s scale. Accern also assigned news headlines about the asset manager an impact score of 45.5710127883359 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.

Here are some of the news headlines that may have effected Accern Sentiment’s analysis:

A number of equities analysts recently issued reports on the stock. Zacks Investment Research raised shares of SEI Investments from a “hold” rating to a “strong-buy” rating and set a $84.00 price target for the company in a research note on Friday. Mizuho reissued a “buy” rating and issued a $72.00 price target on shares of SEI Investments in a research note on Friday, November 17th. Finally, Oppenheimer increased their price target on shares of 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, three have assigned a buy rating and one has given a strong buy rating to the stock. SEI Investments presently has an average rating of “Buy” and an average target price of $70.25.

SEI Investments (NASDAQ SEIC) traded up $0.53 during mid-day trading on Friday, reaching $73.59. 372,649 shares of the company were exchanged, compared to its average volume of 623,950. SEI Investments has a 12 month low of $47.88 and a 12 month high of $73.63. The company has a market capitalization of $11,347.52, a P/E ratio of 32.00, a P/E/G ratio of 2.22 and a beta of 1.40. The company has a current ratio of 5.52, a quick ratio of 5.41 and a debt-to-equity ratio of 0.03.

SEI Investments (NASDAQ:SEIC) last released its quarterly earnings results on Wednesday, October 25th. The asset manager reported $0.63 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.57 by $0.06. SEI Investments had a net margin of 24.94% and a return on equity of 27.12%. The company 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 firm earned $0.53 earnings per share. SEI Investments’s revenue was up 3.8% on a year-over-year basis. equities research analysts anticipate that SEI Investments will post 2.36 earnings per share for the current year.

SEI Investments declared that its Board of Directors has authorized a share buyback plan on Wednesday, October 25th that allows the company to buyback $200.00 million in shares. This buyback authorization allows the asset manager to buy shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company’s board believes its shares are undervalued.

The business also recently declared a semiannual dividend, which will be paid on Monday, January 8th. Investors of record on Wednesday, December 27th will be paid a $0.30 dividend. This is an increase from SEI Investments’s previous semiannual dividend of $0.28. This represents a yield of 0.85%. The ex-dividend date is Tuesday, December 26th. SEI Investments’s dividend payout ratio is presently 26.09%.

In other SEI Investments 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 completion of the transaction, the insider now owns 30,040 shares of the company’s stock, valued at $1,936,378.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Alfred P. West, Jr. sold 50,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $64.64, for a total transaction of $3,232,000.00. Following the transaction, the insider now directly owns 10,619,272 shares of the company’s stock, valued at approximately $686,429,742.08. The disclosure for this sale can be found here. Insiders have sold 136,250 shares of company stock valued at $9,057,050 in the last ninety days. Insiders own 16.50% of the company’s stock.

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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.

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

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