N Jeffrey Klauder Sells 20,000 Shares of SEI Investments (SEIC) Stock
SEI Investments (NASDAQ:SEIC) insider N Jeffrey Klauder sold 20,000 shares of the business’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $73.77, for a total value of $1,475,400.00. Following the completion of the sale, the insider now directly owns 52,194 shares of the company’s stock, valued at $3,850,351.38. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
SEI Investments (NASDAQ SEIC) opened at $73.95 on Thursday. The stock has a market capitalization of $11,650.00, a PE ratio of 29.70, a P/E/G ratio of 1.90 and a beta of 1.29. SEI Investments has a 52-week low of $49.04 and a 52-week high of $77.49. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.14 and a quick ratio of 4.07.
SEI Investments (NASDAQ:SEIC) last issued its quarterly earnings results on Wednesday, January 31st. The asset manager reported $0.75 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.15. The firm had revenue of $408.22 million for the quarter, compared to analysts’ expectations of $397.96 million. SEI Investments had a return on equity of 26.74% and a net margin of 26.49%. The firm’s revenue for the quarter was up 10.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.55 EPS. equities analysts expect that SEI Investments will post 3.24 earnings per share for the current fiscal year.
SEIC has been the subject of several research reports. Mizuho reissued a “buy” rating and issued a $72.00 target price on shares of SEI Investments in a report on Friday, November 17th. Zacks Investment Research raised SEI Investments from a “hold” rating to a “buy” rating and set a $72.00 target price for the company in a report on Monday, October 30th. BidaskClub downgraded SEI Investments from a “strong-buy” rating to a “buy” rating in a report on Thursday, January 25th. Finally, Oppenheimer reissued a “buy” rating and issued a $80.00 target price on shares of SEI Investments in a report on Thursday, February 1st. Three equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. SEI Investments has a consensus rating of “Buy” and an average target price of $73.50.
A number of hedge funds have recently modified their holdings of the stock. CIBC Asset Management Inc increased its position in SEI Investments by 11.5% in the 4th quarter. CIBC Asset Management Inc now owns 7,091 shares of the asset manager’s stock valued at $510,000 after acquiring an additional 734 shares during the period. Meadow Creek Investment Management LLC increased its position in SEI Investments by 10.7% in the 4th quarter. Meadow Creek Investment Management LLC now owns 7,936 shares of the asset manager’s stock valued at $570,000 after acquiring an additional 768 shares during the period. Xact Kapitalforvaltning AB increased its position in SEI Investments by 8.3% in the 3rd quarter. Xact Kapitalforvaltning AB now owns 11,787 shares of the asset manager’s stock valued at $720,000 after acquiring an additional 899 shares during the period. Profund Advisors LLC increased its position in SEI Investments by 6.3% in the 4th quarter. Profund Advisors LLC now owns 15,860 shares of the asset manager’s stock valued at $1,140,000 after acquiring an additional 941 shares during the period. Finally, Court Place Advisors LLC increased its position in SEI Investments by 1.1% in the 3rd quarter. Court Place Advisors LLC now owns 88,107 shares of the asset manager’s stock valued at $5,380,000 after acquiring an additional 950 shares during the period. Hedge funds and other institutional investors own 70.95% of the company’s stock.
About SEI Investments
SEI Investments Company provides investment processing, investment management and investment operations solutions. The Company provides its solutions to financial institutions, financial advisors, institutional investors, investment managers and ultra-high-net-worth families in the United States, Canada, the United Kingdom, continental Europe and various other locations around the world.
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