News stories about SEI Investments (NASDAQ:SEIC) have been trending somewhat positive recently, InfoTrie Sentiment Analysis reports. InfoTrie identifies negative and positive media coverage by reviewing more than 6,000 blog and news sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. SEI Investments earned a news sentiment score of 1.00 on their scale. InfoTrie also assigned media coverage about the asset manager an news buzz score of 10 out of 10, meaning that recent media coverage is extremely likely to have an effect on the company’s share price in the next few days.
Here are some of the media stories that may have impacted SEI Investments’ score:
- 2018 Most Admired CEO Awards: Alfred P. West Jr., SEI Investments Co. (bizjournals.com)
- Hedge Funds Are Crazy About Newell Brands Inc. (NWL) (finance.yahoo.com)
- Traders Cast Doubt on More Fed Hikes as Even December Odds Ease (finance.yahoo.com)
- SEI Investments (SEIC) Given Consensus Rating of “Hold” by Brokerages (americanbankingnews.com)
- Insider Selling: SEI Investments (SEIC) Director Sells 15,000 Shares of Stock (americanbankingnews.com)
SEIC has been the subject of several analyst reports. Keefe, Bruyette & Woods upgraded SEI Investments from a “market perform” rating to an “outperform” rating and decreased their price objective for the company from $68.00 to $63.00 in a report on Wednesday, October 24th. Rosenblatt Securities initiated coverage on SEI Investments in a report on Wednesday. They issued a “neutral” rating and a $59.00 price objective for the company. Zacks Investment Research cut SEI Investments from a “buy” rating to a “hold” rating in a report on Friday, October 26th. BidaskClub cut SEI Investments from a “sell” rating to a “strong sell” rating in a report on Tuesday. Finally, ValuEngine cut SEI Investments from a “hold” rating to a “sell” rating in a report on Monday, October 8th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $72.83.
SEI Investments (NASDAQ:SEIC) last issued its quarterly earnings data on Tuesday, October 23rd. The asset manager reported $0.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.76 by $0.04. SEI Investments had a return on equity of 30.73% and a net margin of 31.46%. The company had revenue of $408.68 million during the quarter, compared to analysts’ expectations of $410.35 million. During the same quarter in the previous year, the company posted $0.63 earnings per share. The business’s revenue was up 5.9% on a year-over-year basis. On average, equities research analysts expect that SEI Investments will post 3.19 EPS for the current year.
In other news, insider Dennis Mcgonigle sold 15,000 shares of SEI Investments stock in a transaction that occurred on Wednesday, September 12th. The shares were sold at an average price of $62.83, for a total value of $942,450.00. Following the completion of the sale, the insider now directly owns 27,540 shares in the company, valued at $1,730,338.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, major shareholder Alfred P. West, Jr. sold 96,767 shares of SEI Investments stock in a transaction that occurred on Monday, November 26th. The shares were sold at an average price of $53.28, for a total transaction of $5,155,745.76. Following the completion of the sale, the insider now owns 10,305,249 shares of the company’s stock, valued at $549,063,666.72. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 521,226 shares of company stock valued at $27,829,995. Corporate insiders own 16.50% of the company’s stock.
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.
See Also: Balanced Fund
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