SEI Investments (SEIC) Earning Somewhat Favorable Media Coverage, Analysis Finds
News articles about SEI Investments (NASDAQ:SEIC) have been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies negative and positive media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. SEI Investments earned a news sentiment score of 0.12 on Accern’s scale. Accern also assigned media coverage about the asset manager an impact score of 45.4153037505143 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the news headlines that may have effected Accern Sentiment’s analysis:
- SEI Investments (SEIC) Upgraded to “Buy” at BidaskClub (americanbankingnews.com)
- RPg Family Wealth Advisory LLC Sells 7,357 Shares of SEI Investments (SEIC) (americanbankingnews.com)
- Burney Co. Has $6.91 Million Position in SEI Investments (SEIC) (americanbankingnews.com)
- SEI Investments (SEIC) Stake Decreased by Morris Capital Advisors LLC (americanbankingnews.com)
- What Should Investors Know About SEI Investments Co’s (NASDAQ:SEIC) Growth? (finance.yahoo.com)
A number of research firms recently issued reports on SEIC. Oppenheimer reaffirmed a “buy” rating and set a $80.00 price target on shares of SEI Investments in a research note on Thursday, February 1st. Mizuho reaffirmed a “buy” rating and set a $72.00 price target on shares of SEI Investments in a research note on Friday, November 17th. Zacks Investment Research raised shares of SEI Investments from a “hold” rating to a “strong-buy” rating and set a $84.00 price target on the stock in a research note on Friday, January 5th. Finally, BidaskClub raised shares of SEI Investments from a “hold” rating to a “buy” rating in a research note on Saturday. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. SEI Investments presently has an average rating of “Buy” and an average price target of $73.50.
SEI Investments (NASDAQ:SEIC) last released its quarterly earnings results on Wednesday, January 31st. The asset manager reported $0.75 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.15. The company had revenue of $408.22 million for the quarter, compared to the consensus estimate of $397.96 million. SEI Investments had a net margin of 26.49% and a return on equity of 26.74%. SEI Investments’s revenue was up 10.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.55 earnings per share. sell-side analysts anticipate that SEI Investments will post 3.24 EPS for the current year.
In other SEI Investments news, insider N Jeffrey Klauder sold 20,000 shares of the business’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $73.77, for a total transaction of $1,475,400.00. Following the transaction, the insider now owns 52,194 shares in the company, valued at $3,850,351.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Wayne Withrow sold 10,000 shares of the business’s stock in a transaction on Tuesday, December 5th. The shares were sold at an average price of $70.35, for a total transaction of $703,500.00. The disclosure for this sale can be found here. Insiders have sold 75,000 shares of company stock worth $5,482,850 in the last quarter. Company insiders own 16.50% 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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