SEI Investments (SEIC) Set to Announce Quarterly Earnings on Thursday

SEI Investments (NASDAQ:SEIC) is scheduled to announce its earnings results 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, meeting the consensus estimate of $0.91. The firm had revenue of $484.86 million for the quarter, compared to the consensus estimate 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 in the previous year, the business earned $0.83 EPS. 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 Down 0.5 %

SEI Investments stock traded down $0.33 during mid-day trading on Wednesday, hitting $66.08. 532,072 shares of the company’s stock traded hands, compared to its average volume of 562,860. The company has a market cap of $8.68 billion, a PE ratio of 19.19, a price-to-earnings-growth ratio of 1.37 and a beta of 1.02. The firm has a 50 day moving average price of $68.54 and a 200 day moving average price of $63.01. SEI Investments has a one year low of $52.19 and a one year high of $72.54.

Insiders Place Their Bets

In other SEI Investments news, Chairman Alfred P. West, Jr. sold 19,363 shares of the company’s stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $72.14, for a total transaction of $1,396,846.82. Following the completion of the sale, the chairman now directly owns 7,865,471 shares in the company, valued at $567,415,077.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Chairman Alfred P. West, Jr. sold 19,363 shares of the stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $72.14, for a total value of $1,396,846.82. Following the completion of the transaction, the chairman now directly owns 7,865,471 shares in the company, valued at approximately $567,415,077.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Alfred P. West, Jr. sold 150,000 shares of the 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 transaction, the chairman now owns 7,884,834 shares of the company’s stock, valued at $557,852,005.50. The disclosure for this sale can be found here. Insiders sold 206,333 shares of company stock worth $14,481,612 over the last three months. Insiders own 15.50% of the company’s stock.

Institutional Trading of SEI Investments

A number of institutional investors and hedge funds have recently bought and sold shares of SEIC. UniSuper Management Pty Ltd acquired a new stake in SEI Investments in the second quarter valued at $48,000. Steward Partners Investment Advisory LLC grew its stake in shares of SEI Investments by 17.3% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,015 shares of the asset manager’s stock valued at $65,000 after buying an additional 150 shares during the period. Point72 Asset Management L.P. bought a new position in SEI Investments in the 2nd quarter valued at about $71,000. Icon Wealth Advisors LLC bought a new position in SEI Investments in the 4th quarter valued at about $107,000. Finally, Point72 Middle East FZE bought a new position in SEI Investments in the 4th quarter valued at about $111,000. 70.59% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

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.