Other analysts have also issued research reports about the stock. Zacks Investment Research lowered shares of 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. ValuEngine upgraded shares of SEI Investments from a sell rating to a hold rating in a research note on Tuesday. TheStreet upgraded shares of SEI Investments from a c+ rating to a b- rating in a research note on Tuesday, March 12th. William Blair reiterated a market perform rating on shares of SEI Investments in a research note on Monday, April 22nd. Finally, Keefe, Bruyette & Woods lowered shares of SEI Investments from an outperform rating to a market perform rating and upped their target price for the stock from $56.00 to $64.00 in a research note on Sunday, April 14th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus price target of $66.20.
NASDAQ SEIC opened at $53.99 on Tuesday. SEI Investments has a 1 year low of $42.27 and a 1 year high of $66.67. The company has a debt-to-equity ratio of 0.03, a current ratio of 5.86 and a quick ratio of 5.68. The firm has a market capitalization of $8.32 billion, a PE ratio of 17.19, a PEG ratio of 1.43 and a beta of 1.24.
SEI Investments (NASDAQ:SEIC) last posted its earnings results on Wednesday, April 24th. The asset manager reported $0.73 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.76 by ($0.03). SEI Investments had a return on equity of 29.76% and a net margin of 29.64%. The firm had revenue of $400.82 million during the quarter, compared to the consensus estimate of $404.82 million. During the same quarter in the previous year, the company earned $0.86 EPS. The business’s revenue was down 1.2% compared to the same quarter last year. Analysts forecast that SEI Investments will post 3.18 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Investors of record on Wednesday, June 12th will be issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.44%. The ex-dividend date of this dividend is Tuesday, June 11th. SEI Investments’s dividend payout ratio (DPR) is currently 21.02%.
In related news, Director Sarah Blumenstein sold 5,000 shares of the business’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $51.96, for a total value of $259,800.00. Following the transaction, the director now directly owns 10,681 shares of the company’s stock, valued at approximately $554,984.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Paul Klauder sold 7,500 shares of the business’s stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $52.89, for a total transaction of $396,675.00. Following the completion of the transaction, the insider now directly owns 24,841 shares in the company, valued at $1,313,840.49. The disclosure for this sale can be found here. 22.60% of the stock is currently owned by insiders.
Large investors have recently modified their holdings of the stock. Global Retirement Partners LLC boosted its holdings in shares of SEI Investments by 67.9% in the 4th quarter. Global Retirement Partners LLC now owns 764 shares of the asset manager’s stock worth $35,000 after buying an additional 309 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its holdings in shares of SEI Investments by 4,406.2% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 3,250,355 shares of the asset manager’s stock worth $70,000 after buying an additional 3,178,224 shares during the last quarter. ETF Managers Group LLC boosted its holdings in shares of SEI Investments by 15.7% in the 4th quarter. ETF Managers Group LLC now owns 1,722 shares of the asset manager’s stock worth $80,000 after buying an additional 234 shares during the last quarter. Ameritas Investment Corp purchased a new position in shares of SEI Investments in the 1st quarter worth about $84,000. Finally, Rockefeller Capital Management L.P. boosted its holdings in shares of SEI Investments by 336.5% in the 1st quarter. Rockefeller Capital Management L.P. now owns 1,724 shares of the asset manager’s stock worth $90,000 after buying an additional 1,329 shares during the last quarter. 68.76% of the stock is currently owned by institutional investors.
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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