SEI Investments Company (NASDAQ:SEIC) – Research analysts at William Blair raised their Q3 2017 EPS estimates for SEI Investments in a report released on Thursday. William Blair analyst C. Shutler now expects that the asset manager will post earnings per share of $0.58 for the quarter, up from their previous forecast of $0.57. William Blair also issued estimates for SEI Investments’ Q4 2017 earnings at $0.61 EPS, FY2017 earnings at $2.30 EPS, Q1 2018 earnings at $0.65 EPS, Q2 2018 earnings at $0.67 EPS, Q3 2018 earnings at $0.69 EPS, Q4 2018 earnings at $0.72 EPS and FY2018 earnings at $2.72 EPS.
SEI Investments (NASDAQ:SEIC) last released its quarterly earnings results on Wednesday, July 26th. The asset manager reported $0.57 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 company had revenue of $372.30 million during the quarter, compared to analysts’ expectations of $369.88 million. During the same quarter in the prior year, the business posted $0.49 earnings per share. The company’s revenue for the quarter was up 8.3% compared to the same quarter last year.
Other research analysts have also recently issued reports about the company. Keefe, Bruyette & Woods restated a “hold” rating and issued a $58.00 price target on shares of SEI Investments in a report on Thursday, July 27th. BidaskClub lowered SEI Investments from a “strong-buy” rating to a “buy” rating in a report on Monday, July 31st. Zacks Investment Research upgraded SEI Investments from a “hold” rating to a “buy” rating and set a $61.00 target price on the stock in a report on Wednesday, July 12th. Oppenheimer Holdings, Inc. upped their target price on SEI Investments from $55.00 to $60.00 and gave the stock an “outperform” rating in a report on Tuesday, July 11th. Finally, Mizuho began coverage on SEI Investments in a report on Tuesday, June 27th. They set a “buy” rating and a $60.00 target price on the stock. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. SEI Investments has a consensus rating of “Buy” and an average target price of $61.50.
Shares of SEI Investments (NASDAQ:SEIC) opened at 63.41 on Friday. The stock has a market capitalization of $10.03 billion, a P/E ratio of 29.07 and a beta of 1.35. The company has a 50-day moving average price of $59.62 and a 200 day moving average price of $54.69. SEI Investments has a 52 week low of $43.63 and a 52 week high of $64.08.
In other SEI Investments news, insider N Jeffrey Klauder sold 30,000 shares of the company’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $56.35, for a total transaction of $1,690,500.00. Following the completion of the sale, the insider now directly owns 82,194 shares in the company, valued at $4,631,631.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Stephen Meyer sold 20,000 shares of the company’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 sale, the insider now owns 113,224 shares of the company’s stock, valued at $6,964,408.24. The disclosure for this sale can be found here. Insiders sold 325,000 shares of company stock worth $18,540,250 in the last ninety days. 16.50% of the stock is owned by company insiders.
Several institutional investors and hedge funds have recently made changes to their positions in SEIC. Van ECK Associates Corp lifted its stake in shares of SEI Investments by 6.5% in the 1st quarter. Van ECK Associates Corp now owns 2,222 shares of the asset manager’s stock valued at $112,000 after acquiring an additional 136 shares during the last quarter. Pacer Advisors Inc. raised its position in SEI Investments by 3.2% during the 1st quarter. Pacer Advisors Inc. now owns 2,472 shares of the asset manager’s stock worth $125,000 after purchasing an additional 77 shares during the last quarter. D.A. Davidson & CO. raised its position in SEI Investments by 9.3% during the 2nd quarter. D.A. Davidson & CO. now owns 2,983 shares of the asset manager’s stock worth $160,000 after purchasing an additional 253 shares during the last quarter. Mosaic Family Wealth LLC raised its position in SEI Investments by 6.7% during the 2nd quarter. Mosaic Family Wealth LLC now owns 3,176 shares of the asset manager’s stock worth $171,000 after purchasing an additional 200 shares during the last quarter. Finally, Wedbush Securities Inc. bought a new position in SEI Investments during the 2nd quarter worth $208,000. Institutional investors own 68.65% of the company’s stock.
SEI Investments Company Profile
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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