SEI Investments (SEIC) Scheduled to Post Earnings on Thursday

SEI Investments (NASDAQ:SEIC) is scheduled to issue its quarterly earnings data on Thursday, April 18th.

SEI Investments (NASDAQ:SEIC) last announced its earnings results on Wednesday, January 31st. The asset manager reported $0.91 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.91. The company had revenue of $484.86 million for the quarter, compared to analyst estimates of $481.39 million. SEI Investments had a return on equity of 22.40% and a net margin of 24.08%. During the same quarter last year, the company earned $0.83 earnings per share. On average, analysts expect SEI Investments to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

SEI Investments Stock Performance

Shares of NASDAQ SEIC traded down $0.33 during trading hours on Wednesday, reaching $66.08. 532,072 shares of the stock were exchanged, compared to its average volume of 565,757. The firm has a market capitalization of $8.68 billion, a price-to-earnings ratio of 19.19, a P/E/G ratio of 1.37 and a beta of 1.02. SEI Investments has a 52 week low of $52.19 and a 52 week high of $72.54. The stock’s fifty day simple moving average is $68.54 and its 200 day simple moving average is $63.01.

Insider Buying and Selling at SEI Investments

In other SEI Investments news, EVP Wayne Withrow sold 16,970 shares of the firm’s stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $66.16, for a total value of $1,122,735.20. Following the sale, the executive vice president now owns 55,399 shares of the company’s stock, valued at approximately $3,665,197.84. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other SEI Investments news, EVP Wayne Withrow sold 16,970 shares of the firm’s stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $66.16, for a total value of $1,122,735.20. Following the sale, the executive vice president now owns 55,399 shares of the company’s stock, valued at approximately $3,665,197.84. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Chairman Alfred P. West, Jr. sold 150,000 shares of the firm’s stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $70.75, for a total value of $10,612,500.00. Following the completion of the sale, the chairman now directly owns 7,884,834 shares in the company, valued at approximately $557,852,005.50. The disclosure for this sale can be found here. In the last quarter, insiders have sold 206,333 shares of company stock valued at $14,481,612. 15.50% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On SEI Investments

Several hedge funds have recently modified their holdings of the company. Price T Rowe Associates Inc. MD boosted its holdings in shares of SEI Investments by 1.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 51,091 shares of the asset manager’s stock valued at $3,248,000 after acquiring an additional 607 shares in the last quarter. Mercer Global Advisors Inc. ADV boosted its holdings in shares of SEI Investments by 3.5% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 7,422 shares of the asset manager’s stock valued at $472,000 after acquiring an additional 250 shares in the last quarter. Systematic Portfolios LLC acquired a new stake in shares of SEI Investments during the 4th quarter valued at $203,000. Legal & General Group Plc boosted its holdings in shares of SEI Investments by 7.6% during the 4th quarter. Legal & General Group Plc now owns 1,024,549 shares of the asset manager’s stock valued at $65,110,000 after acquiring an additional 72,185 shares in the last quarter. Finally, Voloridge Investment Management LLC boosted its holdings in shares of SEI Investments by 75.3% during the 4th quarter. Voloridge Investment Management LLC now owns 167,908 shares of the asset manager’s stock valued at $10,671,000 after acquiring an additional 72,140 shares in the last quarter. Institutional investors and hedge funds own 70.59% of the company’s stock.

Analysts Set New Price Targets

SEIC has been the topic of a number of recent research reports. Oppenheimer increased their target price on SEI Investments from $77.00 to $80.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 9th. Piper Sandler raised their price objective on SEI Investments from $66.00 to $72.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 10th. Finally, StockNews.com upgraded SEI Investments from a “hold” rating to a “buy” rating in a research note on Saturday, March 2nd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $70.25.

About SEI Investments

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.