SEI Investments (SEIC) to Release Quarterly Earnings on Thursday

SEI Investments (NASDAQ:SEIC) will announce its earnings results on Thursday, April 18th.

SEI Investments (NASDAQ:SEIC) last issued its earnings results on Wednesday, January 31st. The asset manager reported $0.91 EPS for the quarter, meeting analysts’ consensus estimates of $0.91. SEI Investments had a return on equity of 22.40% and a net margin of 24.08%. The business had revenue of $484.86 million during the quarter, compared to analyst estimates of $481.39 million. During the same period in the previous year, the company posted $0.83 EPS. On average, analysts expect SEI Investments to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

SEI Investments Stock Performance

SEI Investments stock traded down $0.31 during mid-day trading on Wednesday, reaching $66.10. The stock had a trading volume of 316,075 shares, compared to its average volume of 561,863. The firm has a market capitalization of $8.68 billion, a PE ratio of 19.19, a price-to-earnings-growth ratio of 1.37 and a beta of 1.02. SEI Investments has a fifty-two week low of $52.19 and a fifty-two week high of $72.54. The stock’s 50-day simple moving average is $68.54 and its 200-day simple moving average is $63.01.

Analyst Upgrades and Downgrades

SEIC has been the subject of a number of recent research reports. Piper Sandler boosted their price target on shares of SEI Investments from $66.00 to $72.00 and gave the company a “neutral” rating in a research note on Wednesday, April 10th. Oppenheimer raised their target price on SEI Investments from $77.00 to $80.00 and gave the company an “outperform” rating in a report on Tuesday, April 9th. Finally, StockNews.com raised SEI Investments from a “hold” rating to a “buy” rating in a research report on Saturday, March 2nd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $70.25.

Insider Buying and Selling

In related news, Chairman Alfred P. West, Jr. sold 150,000 shares of the 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 completion of the transaction, the chairman now owns 7,884,834 shares in the company, valued at $557,852,005.50. The transaction was disclosed in a document filed with the SEC, which is available through this link. In related news, Chairman Alfred P. West, Jr. sold 19,363 shares of SEI Investments stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $72.14, for a total value of $1,396,846.82. Following the completion of the sale, the chairman now owns 7,865,471 shares of the company’s stock, valued at approximately $567,415,077.94. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, 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 value of $10,612,500.00. Following the completion of the sale, the chairman now owns 7,884,834 shares in the company, valued at $557,852,005.50. The disclosure for this sale can be found here. Over the last three months, insiders have sold 206,333 shares of company stock worth $14,481,612. 15.50% of the stock is owned by company insiders.

Hedge Funds Weigh In On SEI Investments

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. lifted its stake in shares of SEI Investments by 2.7% during the 1st quarter. BlackRock Inc. now owns 11,770,720 shares of the asset manager’s stock valued at $677,405,000 after buying an additional 311,552 shares in the last quarter. Morgan Stanley raised its holdings in SEI Investments by 670.4% during the 4th quarter. Morgan Stanley now owns 6,519,582 shares of the asset manager’s stock valued at $380,092,000 after acquiring an additional 5,673,374 shares during the period. State Street Corp lifted its position in shares of SEI Investments by 0.8% during the third quarter. State Street Corp now owns 6,293,623 shares of the asset manager’s stock worth $308,702,000 after acquiring an additional 52,265 shares in the last quarter. First Trust Advisors LP lifted its position in shares of SEI Investments by 3.0% during the first quarter. First Trust Advisors LP now owns 1,418,169 shares of the asset manager’s stock worth $85,388,000 after acquiring an additional 41,915 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of SEI Investments by 0.3% in the first quarter. Dimensional Fund Advisors LP now owns 1,177,814 shares of the asset manager’s stock worth $67,779,000 after acquiring an additional 3,873 shares during the period. Institutional investors own 70.59% of the company’s stock.

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.