News stories about SEI Investments (NASDAQ:SEIC) have trended somewhat positive this week, according to Accern. The research group ranks the sentiment of news coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. SEI Investments earned a media sentiment score of 0.16 on Accern’s scale. Accern also assigned news coverage about the asset manager an impact score of 45.972508289888 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the news articles that may have effected Accern Sentiment Analysis’s scoring:
- SEI Investments Company (SEIC) to Release Earnings on Wednesday (americanbankingnews.com)
- SEI Investments Company (SEIC) Given Consensus Recommendation of “Buy” by Analysts (americanbankingnews.com)
- SEI names Hintz as U.S. equity portfolio manager (pehub.com)
- SEI Names David Hintz US Equity Portfolio Manager (finance.yahoo.com)
- $385.08 Million in Sales Expected for SEI Investments Company (SEIC) This Quarter (americanbankingnews.com)
A number of research firms have recently issued reports on SEIC. Zacks Investment Research upgraded SEI Investments from a “sell” rating to a “hold” rating in a research report on Tuesday, October 3rd. Oppenheimer Holdings, Inc. boosted their price objective on SEI Investments from $60.00 to $67.00 and gave the company an “outperform” rating in a research report on Thursday, September 28th. Keefe, Bruyette & Woods restated a “hold” rating and set a $58.00 price objective on shares of SEI Investments in a research report on Sunday, September 3rd. BidaskClub cut SEI Investments from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 31st. Finally, Mizuho began coverage on SEI Investments in a research report on Tuesday, June 27th. They set a “buy” rating and a $60.00 price objective on the stock. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $61.50.
Shares of SEI Investments (SEIC) opened at 63.55 on Thursday. SEI Investments has a 12 month low of $43.54 and a 12 month high of $63.65. The firm has a 50-day moving average price of $59.17 and a 200-day moving average price of $54.50. The company has a market capitalization of $10.05 billion, a PE ratio of 29.14 and a beta of 1.35.
SEI Investments (NASDAQ:SEIC) last posted its quarterly earnings data on Wednesday, July 26th. The asset manager reported $0.57 EPS for the quarter, topping the Zacks’ consensus estimate of $0.55 by $0.02. SEI Investments had a return on equity of 26.60% and a net margin of 24.44%. The firm had revenue of $372.30 million for the quarter, compared to analyst estimates of $369.88 million. During the same quarter last year, the company earned $0.49 EPS. The company’s revenue was up 8.3% on a year-over-year basis. On average, equities research analysts predict that SEI Investments will post $2.28 EPS for the current year.
In other SEI Investments news, major shareholder Alfred P. West, Jr. sold 100,000 shares of the firm’s stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $56.40, for a total transaction of $5,640,000.00. Following the transaction, the insider now owns 10,836,282 shares in the company, valued at approximately $611,166,304.80. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Stephen Meyer sold 20,000 shares of the firm’s stock in a transaction on Thursday, September 28th. The stock was sold at an average price of $61.51, for a total value of $1,230,200.00. Following the transaction, the insider now owns 113,224 shares in the company, valued at approximately $6,964,408.24. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 325,000 shares of company stock worth $18,540,250. Corporate insiders own 16.50% of the company’s stock.
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About SEI Investments
SEI Investments Company provides investment processing, investment management and investment operations solutions. The Company provides its solutions to financial institutions, financial advisors, institutional investors, investment managers and ultra-high-net-worth families in the United States, Canada, the United Kingdom, continental Europe and various other locations around the world.
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