Brokerages expect that SEI Investments (NASDAQ:SEIC) will announce sales of $404.56 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for SEI Investments’ earnings. The lowest sales estimate is $401.57 million and the highest is $406.10 million. SEI Investments posted sales of $408.22 million during the same quarter last year, which would indicate a negative year-over-year growth rate of 0.9%. The business is scheduled to report its next earnings results on Wednesday, January 30th.

According to Zacks, analysts expect that SEI Investments will report full-year sales of $1.62 billion for the current financial year, with estimates ranging from $1.62 billion to $1.63 billion. For the next financial year, analysts anticipate that the company will post sales of $1.65 billion, with estimates ranging from $1.64 billion to $1.67 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that cover SEI Investments.

SEI Investments (NASDAQ:SEIC) last announced its quarterly earnings results on Tuesday, October 23rd. The asset manager reported $0.80 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.76 by $0.04. The company had revenue of $408.68 million for the quarter, compared to analyst estimates of $410.35 million. SEI Investments had a net margin of 31.46% and a return on equity of 30.73%. SEI Investments’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same quarter last year, the business earned $0.63 EPS.

Several research firms recently weighed in on SEIC. BidaskClub lowered shares of SEI Investments from a “sell” rating to a “strong sell” rating in a report on Tuesday, October 2nd. ValuEngine lowered shares of SEI Investments from a “hold” rating to a “sell” rating in a report on Monday, October 8th. Keefe, Bruyette & Woods upgraded shares of SEI Investments from a “market perform” rating to an “outperform” rating and reduced their target price for the company from $68.00 to $63.00 in a report on Wednesday, October 24th. Zacks Investment Research lowered shares of SEI Investments from a “buy” rating to a “hold” rating in a report on Friday, October 26th. Finally, Rosenblatt Securities began coverage on shares of SEI Investments in a report on Wednesday, December 5th. They set a “neutral” rating and a $59.00 target price on the stock. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $69.50.

Shares of SEIC traded down $0.88 during mid-day trading on Friday, reaching $46.54. The company had a trading volume of 727,166 shares, compared to its average volume of 656,638. The firm has a market cap of $7.30 billion, a PE ratio of 20.06, a price-to-earnings-growth ratio of 1.24 and a beta of 1.24. SEI Investments has a fifty-two week low of $42.27 and a fifty-two week high of $78.35.

SEI Investments announced that its board has initiated a stock buyback program on Tuesday, December 11th that permits the company to buyback $250.00 million in outstanding shares. This buyback authorization permits the asset manager to buy up to 3.3% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its stock is undervalued.

The company also recently declared a semiannual dividend, which was paid on Tuesday, January 8th. Investors of record on Thursday, December 27th were paid a dividend of $0.33 per share. This is an increase from SEI Investments’s previous semiannual dividend of $0.30. The ex-dividend date was Wednesday, December 26th. This represents a yield of 1.33%. SEI Investments’s payout ratio is 28.45%.

In related news, major shareholder Alfred P. West, Jr. sold 145,238 shares of the business’s stock in a transaction dated Wednesday, November 21st. The shares were sold at an average price of $52.76, for a total transaction of $7,662,756.88. Following the completion of the sale, the insider now owns 10,386,713 shares of the company’s stock, valued at approximately $548,002,977.88. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Wayne Withrow sold 4,997 shares of the business’s stock in a transaction dated Wednesday, December 19th. The shares were sold at an average price of $47.50, for a total transaction of $237,357.50. Following the sale, the executive vice president now directly owns 36,711 shares of the company’s stock, valued at approximately $1,743,772.50. The disclosure for this sale can be found here. Insiders have sold a total of 511,223 shares of company stock worth $27,124,902 in the last ninety days. 17.30% of the stock is currently owned by insiders.

Several large investors have recently made changes to their positions in SEIC. BlackRock Inc. grew its position in shares of SEI Investments by 3.6% during the 3rd quarter. BlackRock Inc. now owns 13,870,716 shares of the asset manager’s stock valued at $847,500,000 after buying an additional 485,625 shares during the last quarter. Millennium Management LLC boosted its stake in SEI Investments by 111.3% during the 2nd quarter. Millennium Management LLC now owns 837,744 shares of the asset manager’s stock valued at $52,376,000 after purchasing an additional 441,285 shares during the period. Federated Investors Inc. PA boosted its stake in SEI Investments by 826.1% during the 3rd quarter. Federated Investors Inc. PA now owns 470,856 shares of the asset manager’s stock valued at $28,769,000 after purchasing an additional 420,015 shares during the period. Prana Capital Management LP acquired a new position in SEI Investments during the 2nd quarter valued at about $20,768,000. Finally, Franklin Resources Inc. boosted its stake in SEI Investments by 2,356.3% during the 3rd quarter. Franklin Resources Inc. now owns 284,533 shares of the asset manager’s stock valued at $17,385,000 after purchasing an additional 272,949 shares during the period. 69.29% of the stock is owned by institutional investors and hedge funds.

About SEI Investments

SEI Investments Co 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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