Somewhat Positive Press Coverage Somewhat Unlikely to Affect SEI Investments (SEIC) Share Price
News stories about SEI Investments (NASDAQ:SEIC) have been trending somewhat positive on Wednesday, Accern Sentiment Analysis reports. Accern identifies negative and positive news coverage by analyzing more than twenty 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 media sentiment score of 0.12 on Accern’s scale. Accern also assigned news coverage about the asset manager an impact score of 45.9945939501984 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
SEIC has been the topic of several research analyst reports. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $58.00 price objective on shares of SEI Investments in a research report on Sunday, September 3rd. Zacks Investment Research cut SEI Investments from a “buy” rating to a “hold” rating in a research report on Wednesday, September 6th. Oppenheimer boosted their price objective on SEI Investments from $60.00 to $67.00 and gave the stock an “outperform” rating in a research report on Thursday, September 28th. Finally, Mizuho reissued a “buy” rating and issued a $65.00 price objective on shares of SEI Investments in a research report on Friday, October 20th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. SEI Investments currently has an average rating of “Buy” and a consensus price target of $67.25.
Shares of SEI Investments (NASDAQ:SEIC) traded down $0.21 during midday trading on Wednesday, hitting $71.59. The stock had a trading volume of 421,010 shares, compared to its average volume of 560,264. SEI Investments has a 1 year low of $47.88 and a 1 year high of $72.19. The company has a debt-to-equity ratio of 0.03, a current ratio of 5.52 and a quick ratio of 5.41. The stock has a market cap of $11,270.00, a PE ratio of 31.21, a PEG ratio of 2.55 and a beta of 1.40.
SEI Investments declared that its Board of Directors has approved a share repurchase plan on Wednesday, October 25th that permits the company to buyback $200.00 million in outstanding shares. This buyback authorization permits the asset manager to reacquire shares of its stock through open market purchases. Shares buyback plans are often a sign that the company’s board of directors believes its shares are undervalued.
The company also recently declared a semiannual dividend, which will be paid on Monday, January 8th. Stockholders of record on Wednesday, December 27th will be given a dividend of $0.30 per share. This represents a dividend yield of 0.85%. The ex-dividend date is Tuesday, December 26th. This is a boost from SEI Investments’s previous semiannual dividend of $0.28. SEI Investments’s dividend payout ratio is currently 24.45%.
In related news, Director William Doran sold 10,000 shares of the business’s stock in a transaction on Tuesday, September 26th. The stock was sold at an average price of $59.74, for a total transaction of $597,400.00. Following the sale, the director now directly owns 667,015 shares in the company, valued at approximately $39,847,476.10. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Dennis Mcgonigle sold 15,000 shares of the business’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $69.63, for a total value of $1,044,450.00. The disclosure for this sale can be found here. Insiders have sold a total of 166,250 shares of company stock worth $10,884,650 in the last ninety days. 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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