SEI Investments (SEIC) Lifted to “Sell” at BidaskClub

BidaskClub upgraded shares of SEI Investments (NASDAQ:SEIC) from a strong sell rating to a sell rating in a report released on Saturday morning.

Other research analysts also recently issued reports about the stock. Zacks Investment Research raised shares of SEI Investments from a hold rating to a buy rating and set a $71.00 target price on the stock in a research note on Tuesday, July 3rd. Mizuho reaffirmed a buy rating and issued a $85.00 target price on shares of SEI Investments in a research note on Friday, July 20th. Keefe, Bruyette & Woods raised shares of SEI Investments from a market perform rating to an outperform rating and decreased their target price for the stock from $68.00 to $63.00 in a research note on Wednesday, October 24th. Finally, ValuEngine downgraded shares of SEI Investments from a hold rating to a sell rating in a research note on Monday, October 8th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus target price of $75.60.

Shares of NASDAQ SEIC opened at $53.23 on Friday. SEI Investments has a 52 week low of $50.99 and a 52 week high of $78.35. The firm has a market capitalization of $8.39 billion, a P/E ratio of 22.94, a PEG ratio of 1.41 and a beta of 1.14.



SEI Investments (NASDAQ:SEIC) last issued its earnings results on Tuesday, October 23rd. The asset manager reported $0.80 EPS for the quarter, topping the consensus estimate of $0.76 by $0.04. SEI Investments had a net margin of 31.46% and a return on equity of 30.73%. The company had revenue of $408.68 million for the quarter, compared to the consensus estimate of $410.35 million. During the same period in the previous year, the firm earned $0.63 earnings per share. The firm’s revenue for the quarter was up 5.9% on a year-over-year basis. As a group, analysts anticipate that SEI Investments will post 3.19 EPS for the current year.

In other SEI Investments news, insider Joseph P. Ujobai sold 1,500 shares of the business’s stock in a transaction on Friday, August 10th. The shares were sold at an average price of $59.80, for a total transaction of $89,700.00. Following the transaction, the insider now directly owns 29,567 shares of the company’s stock, valued at approximately $1,768,106.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Joseph P. Ujobai sold 1,473 shares of the business’s stock in a transaction on Monday, August 13th. The shares were sold at an average price of $59.84, for a total transaction of $88,144.32. Following the transaction, the insider now directly owns 14,013 shares in the company, valued at $838,537.92. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 17,973 shares of company stock worth $1,120,294. 17.30% of the stock is owned by insiders.

A number of institutional investors have recently modified their holdings of the business. Arizona State Retirement System increased its position in SEI Investments by 2.7% during the 3rd quarter. Arizona State Retirement System now owns 93,538 shares of the asset manager’s stock valued at $5,715,000 after purchasing an additional 2,442 shares during the period. Court Place Advisors LLC increased its position in SEI Investments by 11.5% during the 3rd quarter. Court Place Advisors LLC now owns 96,185 shares of the asset manager’s stock valued at $5,877,000 after purchasing an additional 9,925 shares during the period. Assenagon Asset Management S.A. purchased a new position in SEI Investments during the 3rd quarter valued at $2,252,000. Bell Asset Management Ltd increased its position in SEI Investments by 57.3% during the 3rd quarter. Bell Asset Management Ltd now owns 139,380 shares of the asset manager’s stock valued at $8,516,000 after purchasing an additional 50,791 shares during the period. Finally, Alps Advisors Inc. increased its position in SEI Investments by 28.1% during the 3rd quarter. Alps Advisors Inc. now owns 7,676 shares of the asset manager’s stock valued at $469,000 after purchasing an additional 1,683 shares during the period. 69.21% of the stock is currently owned by institutional investors and hedge funds.

About SEI Investments

SEI Investments Co 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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