Wayne Withrow Sells 10,000 Shares of SEI Investments Company (SEIC) Stock
SEI Investments Company (NASDAQ:SEIC) insider Wayne Withrow sold 10,000 shares of the company’s stock in a transaction dated Tuesday, December 5th. The stock was sold at an average price of $70.35, for a total value of $703,500.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Wayne Withrow also recently made the following trade(s):
- On Wednesday, September 20th, Wayne Withrow sold 10,000 shares of SEI Investments stock. The stock was sold at an average price of $59.97, for a total value of $599,700.00.
SEI Investments Company (NASDAQ:SEIC) opened at $70.53 on Thursday. SEI Investments Company has a 52-week low of $47.88 and a 52-week high of $71.13. The company has a current ratio of 5.52, a quick ratio of 5.41 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $11,035.72, a P/E ratio of 30.47, a P/E/G ratio of 2.49 and a beta of 1.40.
SEI Investments (NASDAQ:SEIC) last issued its quarterly earnings results on Wednesday, October 25th. The asset manager reported $0.63 EPS for the quarter, beating the consensus estimate of $0.57 by $0.06. SEI Investments had a return on equity of 27.12% and a net margin of 24.94%. The firm had revenue of $368.02 million during the quarter, compared to analysts’ expectations of $384.43 million. During the same period in the prior year, the firm posted $0.53 earnings per share. The business’s quarterly revenue was up 3.8% compared to the same quarter last year. equities analysts predict that SEI Investments Company will post 2.35 EPS for the current fiscal year.
SEI Investments declared that its Board of Directors has approved a stock repurchase plan on Wednesday, October 25th that authorizes the company to buyback $200.00 million in shares. This buyback authorization authorizes the asset manager to purchase shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company’s board believes its stock is undervalued.
Several research analysts have recently weighed in on the company. Mizuho reaffirmed a “buy” rating and set a $72.00 price objective on shares of SEI Investments in a research report on Friday, November 17th. Zacks Investment Research cut SEI Investments from a “buy” rating to a “hold” rating in a research report on Wednesday, September 6th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $58.00 price target on shares of SEI Investments in a research report on Sunday, September 3rd. Finally, Oppenheimer increased their price target on SEI Investments from $60.00 to $67.00 and gave the company an “outperform” rating in a research report on Thursday, September 28th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. SEI Investments currently has an average rating of “Buy” and an average target price of $67.25.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP raised its stake in SEI Investments by 1.9% in the first quarter. Dimensional Fund Advisors LP now owns 488,046 shares of the asset manager’s stock valued at $24,616,000 after buying an additional 9,155 shares during the period. Bank of Montreal Can raised its stake in SEI Investments by 5.4% in the second quarter. Bank of Montreal Can now owns 34,917 shares of the asset manager’s stock valued at $1,878,000 after buying an additional 1,787 shares during the period. Aperio Group LLC raised its stake in SEI Investments by 2.4% in the second quarter. Aperio Group LLC now owns 27,760 shares of the asset manager’s stock valued at $1,493,000 after buying an additional 662 shares during the period. US Bancorp DE raised its stake in SEI Investments by 1,649.0% in the second quarter. US Bancorp DE now owns 22,282 shares of the asset manager’s stock valued at $1,198,000 after buying an additional 21,008 shares during the period. Finally, Russell Investments Group Ltd. raised its stake in SEI Investments by 3.4% in the second quarter. Russell Investments Group Ltd. now owns 84,725 shares of the asset manager’s stock valued at $4,557,000 after buying an additional 2,819 shares during the period. 70.55% of the stock is owned by hedge funds and other institutional investors.
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SEI Investments Company Profile
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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