SEI Investments (NASDAQ:SEIC) Expected to Post Earnings of $0.84 Per Share

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Equities research analysts expect SEI Investments (NASDAQ:SEIC) to announce earnings per share of $0.84 for the current quarter, according to Zacks. Three analysts have made estimates for SEI Investments’ earnings, with the highest EPS estimate coming in at $0.85 and the lowest estimate coming in at $0.82. SEI Investments reported earnings per share of $0.80 during the same quarter last year, which would suggest a positive year over year growth rate of 5%. The firm is expected to announce its next quarterly earnings report on Tuesday, October 22nd.

On average, analysts expect that SEI Investments will report full-year earnings of $3.22 per share for the current year, with EPS estimates ranging from $3.17 to $3.26. For the next year, analysts expect that the firm will post earnings of $3.60 per share, with EPS estimates ranging from $3.50 to $3.67. Zacks’ earnings per share calculations are an average based on a survey of sell-side research analysts that that provide coverage for SEI Investments.

SEI Investments (NASDAQ:SEIC) last released its quarterly earnings data on Wednesday, July 24th. The asset manager reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.03. The business had revenue of $409.60 million during the quarter, compared to analysts’ expectations of $412.28 million. SEI Investments had a return on equity of 29.86% and a net margin of 29.85%. The business’s revenue was up 1.2% on a year-over-year basis. During the same quarter last year, the business posted $0.75 EPS.

SEIC has been the subject of a number of research analyst reports. BidaskClub cut SEI Investments from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, September 24th. Zacks Investment Research cut SEI Investments from a “buy” rating to a “hold” rating and set a $63.00 target price for the company. in a research note on Tuesday, June 11th. Finally, ValuEngine upgraded SEI Investments from a “sell” rating to a “hold” rating in a research note on Tuesday, June 11th. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. SEI Investments presently has an average rating of “Hold” and a consensus target price of $61.50.

SEIC opened at $57.49 on Friday. The stock has a market cap of $8.75 billion, a PE ratio of 18.31, a PEG ratio of 1.50 and a beta of 1.31. The company has a quick ratio of 5.61, a current ratio of 5.78 and a debt-to-equity ratio of 0.02. The business has a 50 day moving average of $58.22 and a 200-day moving average of $55.73. SEI Investments has a 52 week low of $42.27 and a 52 week high of $61.35.

In related news, Director Sarah Blumenstein sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $58.25, for a total transaction of $291,250.00. Following the completion of the transaction, the director now owns 10,681 shares of the company’s stock, valued at approximately $622,168.25. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Dennis Mcgonigle sold 19,722 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $58.19, for a total value of $1,147,623.18. Following the transaction, the insider now directly owns 587,262 shares of the company’s stock, valued at approximately $34,172,775.78. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 39,222 shares of company stock valued at $2,322,423. 22.60% of the stock is owned by corporate insiders.

Institutional investors have recently bought and sold shares of the business. Citadel Advisors LLC grew its holdings in shares of SEI Investments by 249.1% in the second quarter. Citadel Advisors LLC now owns 1,928,938 shares of the asset manager’s stock worth $108,214,000 after acquiring an additional 1,376,469 shares during the period. FIL Ltd purchased a new position in SEI Investments during the first quarter valued at $30,695,000. Nuveen Asset Management LLC lifted its position in SEI Investments by 3,795.8% during the second quarter. Nuveen Asset Management LLC now owns 514,786 shares of the asset manager’s stock valued at $28,879,000 after purchasing an additional 501,572 shares in the last quarter. Bank of America Corp DE lifted its position in SEI Investments by 4.1% during the second quarter. Bank of America Corp DE now owns 4,364,268 shares of the asset manager’s stock valued at $244,834,000 after purchasing an additional 172,443 shares in the last quarter. Finally, BlackRock Inc. lifted its position in SEI Investments by 1.2% during the second quarter. BlackRock Inc. now owns 13,950,907 shares of the asset manager’s stock valued at $782,645,000 after purchasing an additional 165,595 shares in the last quarter. 69.24% of the stock is owned by institutional investors and hedge funds.

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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Earnings History and Estimates for SEI Investments (NASDAQ:SEIC)

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