SEI Investments (NASDAQ:SEIC – Get Free Report) posted its quarterly earnings results on Wednesday. The asset manager reported $0.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.98 by $0.01, Briefing.com reports. SEI Investments had a net margin of 24.80% and a return on equity of 22.91%. The company had revenue of $511.58 million for the quarter, compared to the consensus estimate of $510.41 million. During the same period last year, the firm posted $0.79 EPS. The company’s revenue for the quarter was up 9.1% on a year-over-year basis.
SEI Investments Stock Up 0.1 %
Shares of NASDAQ:SEIC opened at $66.57 on Friday. The company has a market cap of $8.76 billion, a PE ratio of 18.19, a P/E/G ratio of 1.34 and a beta of 1.02. The company’s 50-day moving average price is $68.58 and its 200 day moving average price is $63.41. SEI Investments has a fifty-two week low of $52.19 and a fifty-two week high of $72.54.
Insider Activity at SEI Investments
In related news, EVP Paul Klauder sold 2,000 shares of SEI Investments stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $69.80, for a total value of $139,600.00. Following the sale, the executive vice president now directly owns 20,752 shares in the company, valued at approximately $1,448,489.60. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other SEI Investments news, Chairman Alfred P. West, Jr. sold 150,000 shares of the business’s stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $70.75, for a total transaction of $10,612,500.00. Following the sale, the chairman now directly owns 7,884,834 shares in the company, valued at approximately $557,852,005.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Paul Klauder sold 2,000 shares of the business’s stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $69.80, for a total transaction of $139,600.00. Following the sale, the executive vice president now owns 20,752 shares in the company, valued at $1,448,489.60. The disclosure for this sale can be found here. Insiders have sold a total of 206,333 shares of company stock worth $14,481,612 in the last ninety days. 15.50% of the stock is owned by insiders.
Wall Street Analyst Weigh In
Read Our Latest Stock Analysis on SEI Investments
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.
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