BidaskClub downgraded shares of SEI Investments (NASDAQ:SEIC) from a sell rating to a strong sell rating in a research report report published on Tuesday morning.

A number of other research analysts also recently commented on SEIC. Zacks Investment Research raised SEI Investments from a hold rating to a buy rating and set a $69.00 price target for the company in a research note on Thursday, August 23rd. ValuEngine downgraded SEI Investments from a hold rating to a sell rating in a research note on Monday, October 8th. Finally, Keefe, Bruyette & Woods raised SEI Investments from a market perform rating to an outperform rating and dropped their price target for the company from $68.00 to $63.00 in a research note on Wednesday, October 24th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of Hold and an average target price of $72.83.

SEIC stock opened at $49.40 on Tuesday. The stock has a market capitalization of $7.98 billion, a P/E ratio of 21.29, a P/E/G ratio of 1.34 and a beta of 1.21. SEI Investments has a 52 week low of $49.30 and a 52 week high of $78.35.

SEI Investments (NASDAQ:SEIC) last posted its quarterly earnings results on Tuesday, October 23rd. The asset manager reported $0.80 EPS for the quarter, beating the Zacks’ consensus estimate of $0.76 by $0.04. The business had revenue of $408.68 million during the quarter, compared to the consensus estimate of $410.35 million. SEI Investments had a return on equity of 30.73% and a net margin of 31.46%. SEI Investments’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.63 earnings per share. Equities analysts expect that SEI Investments will post 3.19 EPS for the current year.

In other SEI Investments news, Director Dennis Mcgonigle sold 15,000 shares of SEI Investments stock in a transaction dated Tuesday, December 4th. The stock was sold at an average price of $51.63, for a total value of $774,450.00. Following the transaction, the director now owns 592,034 shares in the company, valued at $30,566,715.42. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Alfred P. West, Jr. sold 212,995 shares of SEI Investments stock in a transaction dated Wednesday, November 28th. The shares were sold at an average price of $53.41, for a total value of $11,376,062.95. Following the completion of the transaction, the insider now owns 10,144,708 shares in the company, valued at approximately $541,828,854.28. The disclosure for this sale can be found here. In the last ninety days, insiders sold 521,226 shares of company stock valued at $27,829,995. 16.50% of the stock is owned by insiders.

A number of institutional investors have recently added to or reduced their stakes in SEIC. BlackRock Inc. grew its position in SEI Investments by 3.6% in the third quarter. BlackRock Inc. now owns 13,870,716 shares of the asset manager’s stock valued at $847,500,000 after acquiring an additional 485,625 shares during the last quarter. Millennium Management LLC grew its position in SEI Investments by 111.3% in the second quarter. Millennium Management LLC now owns 837,744 shares of the asset manager’s stock valued at $52,376,000 after acquiring an additional 441,285 shares during the last quarter. Prana Capital Management LP bought a new position in SEI Investments in the second quarter valued at about $20,768,000. Franklin Resources Inc. grew its position in SEI Investments by 2,356.3% in the third quarter. Franklin Resources Inc. now owns 284,533 shares of the asset manager’s stock valued at $17,385,000 after acquiring an additional 272,949 shares during the last quarter. Finally, Janus Henderson Group PLC grew its position in SEI Investments by 30.9% in the second quarter. Janus Henderson Group PLC now owns 1,134,674 shares of the asset manager’s stock valued at $70,940,000 after acquiring an additional 268,000 shares during the last quarter. Hedge funds and other institutional investors own 69.31% of the company’s stock.

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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Analyst Recommendations for SEI Investments (NASDAQ:SEIC)

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