SEI Investments (SEIC) Receives Daily Coverage Optimism Rating of 0.13
News articles about SEI Investments (NASDAQ:SEIC) have been trending somewhat positive recently, according to Accern Sentiment. The research group rates the sentiment of press coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. SEI Investments earned a media sentiment score of 0.13 on Accern’s scale. Accern also assigned media stories about the asset manager an impact score of 47.0379094922764 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
SEIC has been the topic of a number of recent analyst reports. Mizuho initiated coverage on shares of SEI Investments in a research report on Tuesday, June 27th. They issued a “buy” rating and a $60.00 price target on the stock. Oppenheimer Holdings, Inc. boosted their price target on shares of SEI Investments from $60.00 to $67.00 and gave the company an “outperform” rating in a research report on Thursday, September 28th. Zacks Investment Research upgraded shares of SEI Investments from a “sell” rating to a “hold” rating in a research report on Tuesday, October 3rd. BidaskClub lowered shares of SEI Investments from a “strong-buy” rating to a “buy” rating in a research report on Thursday, June 22nd. Finally, Keefe, Bruyette & Woods restated a “hold” rating and issued a $58.00 price target on shares of SEI Investments in a research report on Sunday, September 3rd. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $61.50.
SEI Investments (SEIC) opened at 63.32 on Wednesday. The firm has a 50-day moving average of $59.62 and a 200-day moving average of $54.72. The firm has a market capitalization of $10.01 billion, a price-to-earnings ratio of 29.03 and a beta of 1.35. SEI Investments has a 52-week low of $43.63 and a 52-week high of $64.08.
SEI Investments (NASDAQ:SEIC) last announced its quarterly earnings data on Wednesday, July 26th. The asset manager reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.55 by $0.02. The firm had revenue of $372.30 million for the quarter, compared to the consensus estimate of $369.88 million. SEI Investments had a net margin of 24.44% and a return on equity of 26.60%. The business’s revenue for the quarter was up 8.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.49 earnings per share. On average, equities research analysts forecast that SEI Investments will post $2.28 EPS for the current fiscal year.
In other news, Director William Doran sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 30th. The shares were sold at an average price of $57.49, for a total value of $574,900.00. Following the sale, the director now directly owns 671,015 shares in the company, valued at approximately $38,576,652.35. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Stephen Meyer sold 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 28th. The shares were sold at an average price of $61.51, for a total transaction of $1,230,200.00. Following the completion of the sale, the insider now owns 113,224 shares in the company, valued at $6,964,408.24. The disclosure for this sale can be found here. Insiders have sold 325,000 shares of company stock worth $18,540,250 over the last quarter. Corporate insiders own 16.50% of the company’s stock.
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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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