SEI Investments (NASDAQ:SEIC) has been given a consensus recommendation of “Hold” by the nine brokerages that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $66.20.

Several equities research analysts have issued reports on SEIC shares. BidaskClub upgraded shares of SEI Investments from a “sell” rating to a “hold” rating in a research note on Tuesday, April 9th. William Blair restated a “market perform” rating on shares of SEI Investments in a research note on Monday, April 22nd. ValuEngine upgraded shares of SEI Investments from a “sell” rating to a “hold” rating in a research note on Tuesday, April 16th. Zacks Investment Research upgraded shares of SEI Investments from a “sell” rating to a “hold” rating in a research note on Tuesday, March 12th. Finally, TheStreet upgraded shares of SEI Investments from a “c+” rating to a “b-” rating in a research note on Tuesday, March 12th.

In related news, Director Sarah Blumenstein sold 5,000 shares of SEI Investments stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $51.96, for a total transaction of $259,800.00. Following the completion of the sale, the director now owns 10,681 shares of the company’s stock, valued at approximately $554,984.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Kathy Heilig sold 16,000 shares of SEI Investments stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $51.50, for a total transaction of $824,000.00. Following the sale, the vice president now directly owns 17,891 shares of the company’s stock, valued at approximately $921,386.50. The disclosure for this sale can be found here. Insiders have sold a total of 28,500 shares of company stock worth $1,480,475 over the last 90 days. 22.60% of the stock is owned by company insiders.

Several hedge funds have recently made changes to their positions in SEIC. Marshall Wace LLP bought a new stake in shares of SEI Investments during the 1st quarter worth approximately $2,330,000. Cerebellum GP LLC increased its position in shares of SEI Investments by 26.6% during the first quarter. Cerebellum GP LLC now owns 6,525 shares of the asset manager’s stock worth $341,000 after buying an additional 1,369 shares during the period. Advisory Services Network LLC increased its position in shares of SEI Investments by 2.2% during the first quarter. Advisory Services Network LLC now owns 17,943 shares of the asset manager’s stock worth $938,000 after buying an additional 390 shares during the period. Nordea Investment Management AB increased its position in shares of SEI Investments by 3.4% during the first quarter. Nordea Investment Management AB now owns 493,201 shares of the asset manager’s stock worth $25,771,000 after buying an additional 16,243 shares during the period. Finally, Ameritas Investment Corp acquired a new stake in shares of SEI Investments during the first quarter worth $84,000. 68.76% of the stock is owned by institutional investors and hedge funds.

SEIC traded up $1.42 during trading on Thursday, hitting $51.72. The company had a trading volume of 14,110 shares, compared to its average volume of 567,774. The company has a current ratio of 5.86, a quick ratio of 5.68 and a debt-to-equity ratio of 0.03. SEI Investments has a one year low of $42.27 and a one year high of $67.34. The stock has a market capitalization of $7.66 billion, a P/E ratio of 16.41, a P/E/G ratio of 1.32 and a beta of 1.24.

SEI Investments (NASDAQ:SEIC) last issued its quarterly earnings results on Wednesday, April 24th. The asset manager reported $0.73 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.76 by ($0.03). SEI Investments had a net margin of 29.64% and a return on equity of 29.76%. The business had revenue of $400.82 million during the quarter, compared to analyst estimates of $404.82 million. During the same quarter in the previous year, the firm posted $0.86 earnings per share. The firm’s quarterly revenue was down 1.2% on a year-over-year basis. On average, equities research analysts predict that SEI Investments will post 3.18 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Wednesday, June 12th will be paid a dividend of $0.33 per share. The ex-dividend date of this dividend is Tuesday, June 11th. This represents a $1.32 annualized dividend and a dividend yield of 2.55%. SEI Investments’s dividend payout ratio is presently 21.02%.

SEI Investments Company Profile

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.

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Analyst Recommendations for SEI Investments (NASDAQ:SEIC)

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