SEI Investments (NASDAQ:SEIC) Reaches New 12-Month High at $63.25

SEI Investments (NASDAQ:SEIC) shares hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $63.25 and last traded at $63.12, with a volume of 30586 shares changing hands. The stock had previously closed at $62.28.

A number of brokerages have recently issued reports on SEIC. ValuEngine downgraded SEI Investments from a “hold” rating to a “sell” rating in a research report on Thursday, October 10th. BidaskClub upgraded SEI Investments from a “hold” rating to a “buy” rating in a research report on Thursday, October 31st. Finally, Oppenheimer lifted their price target on SEI Investments from $66.00 to $70.00 in a research report on Thursday, November 14th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $64.00.

The stock has a 50-day moving average of $59.96 and a two-hundred day moving average of $56.88. The company has a market cap of $9.43 billion, a P/E ratio of 20.06, a P/E/G ratio of 1.62 and a beta of 1.30. The company has a debt-to-equity ratio of 0.02, a quick ratio of 5.59 and a current ratio of 5.74.

SEI Investments (NASDAQ:SEIC) last released its earnings results on Wednesday, October 23rd. The asset manager reported $0.86 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.83 by $0.03. The company had revenue of $416.30 million during the quarter, compared to the consensus estimate of $415.52 million. SEI Investments had a return on equity of 29.77% and a net margin of 29.95%. SEI Investments’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.80 EPS. As a group, sell-side analysts forecast that SEI Investments will post 3.24 EPS for the current fiscal year.

In related news, Director Kathryn Mccarthy sold 9,500 shares of the business’s stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $61.49, for a total value of $584,155.00. Following the completion of the sale, the director now owns 80,700 shares in the company, valued at approximately $4,962,243. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Dennis Mcgonigle sold 30,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $62.62, for a total value of $1,878,600.00. Following the completion of the sale, the executive vice president now owns 607,034 shares of the company’s stock, valued at approximately $38,012,469.08. The disclosure for this sale can be found here. Insiders sold a total of 44,500 shares of company stock valued at $2,767,755 in the last 90 days. 22.60% of the stock is currently owned by corporate insiders.

A number of large investors have recently added to or reduced their stakes in SEIC. Signaturefd LLC lifted its position in SEI Investments by 95.0% in the 3rd quarter. Signaturefd LLC now owns 433 shares of the asset manager’s stock worth $26,000 after buying an additional 211 shares during the last quarter. Cutler Group LP lifted its position in SEI Investments by 113.5% in the 3rd quarter. Cutler Group LP now owns 565 shares of the asset manager’s stock worth $33,000 after buying an additional 4,765 shares during the last quarter. Cullen Frost Bankers Inc. purchased a new position in SEI Investments in the 2nd quarter worth approximately $35,000. Meeder Asset Management Inc. increased its stake in SEI Investments by 375.5% in the 3rd quarter. Meeder Asset Management Inc. now owns 680 shares of the asset manager’s stock worth $40,000 after purchasing an additional 537 shares during the period. Finally, Machina Capital S.A.S. purchased a new position in SEI Investments in the 2nd quarter worth approximately $48,000. Institutional investors own 69.40% of the company’s stock.

SEI Investments Company Profile (NASDAQ:SEIC)

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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