SEI Investments (NASDAQ:SEIC – Get Free Report) is scheduled to issue its quarterly earnings data on Thursday, April 18th.
SEI Investments (NASDAQ:SEIC – Get Free Report) last announced its earnings results on Wednesday, January 31st. The asset manager reported $0.91 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.91. The company had revenue of $484.86 million for the quarter, compared to analyst estimates of $481.39 million. SEI Investments had a return on equity of 22.40% and a net margin of 24.08%. During the same quarter last year, the company earned $0.83 earnings per share. On average, analysts expect SEI Investments to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.
SEI Investments Stock Performance
Shares of NASDAQ SEIC traded down $0.33 during trading hours on Wednesday, reaching $66.08. 532,072 shares of the stock were exchanged, compared to its average volume of 565,757. The firm has a market capitalization of $8.68 billion, a price-to-earnings ratio of 19.19, a P/E/G ratio of 1.37 and a beta of 1.02. SEI Investments has a 52 week low of $52.19 and a 52 week high of $72.54. The stock’s fifty day simple moving average is $68.54 and its 200 day simple moving average is $63.01.
Insider Buying and Selling at SEI Investments
Institutional Investors Weigh In On SEI Investments
Several hedge funds have recently modified their holdings of the company. Price T Rowe Associates Inc. MD boosted its holdings in shares of SEI Investments by 1.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 51,091 shares of the asset manager’s stock valued at $3,248,000 after acquiring an additional 607 shares in the last quarter. Mercer Global Advisors Inc. ADV boosted its holdings in shares of SEI Investments by 3.5% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 7,422 shares of the asset manager’s stock valued at $472,000 after acquiring an additional 250 shares in the last quarter. Systematic Portfolios LLC acquired a new stake in shares of SEI Investments during the 4th quarter valued at $203,000. Legal & General Group Plc boosted its holdings in shares of SEI Investments by 7.6% during the 4th quarter. Legal & General Group Plc now owns 1,024,549 shares of the asset manager’s stock valued at $65,110,000 after acquiring an additional 72,185 shares in the last quarter. Finally, Voloridge Investment Management LLC boosted its holdings in shares of SEI Investments by 75.3% during the 4th quarter. Voloridge Investment Management LLC now owns 167,908 shares of the asset manager’s stock valued at $10,671,000 after acquiring an additional 72,140 shares in the last quarter. Institutional investors and hedge funds own 70.59% of the company’s stock.
Analysts Set New Price Targets
SEIC has been the topic of a number of recent research reports. Oppenheimer increased their target price on SEI Investments from $77.00 to $80.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 9th. Piper Sandler raised their price objective on SEI Investments from $66.00 to $72.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 10th. Finally, StockNews.com upgraded SEI Investments from a “hold” rating to a “buy” rating in a research note on Saturday, March 2nd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $70.25.
View Our Latest Analysis on SEIC
About SEI Investments
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.
See Also
- Five stocks we like better than SEI Investments
- Compound Interest and Why It Matters When Investing
- United Airlines Soars on Earnings Beat
- Do Real Estate Investment Trusts Deserve a Place in Your Portfolio?
- J.B. Hunt Hits the Skids: Lower Prices to Come
- 3 Best Fintech Stocks for a Portfolio Boost
- Predicting a Bear Market: 7 Signs and Why it’s Tough to Do
Receive News & Ratings for SEI Investments Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SEI Investments and related companies with MarketBeat.com's FREE daily email newsletter.