SEI Investments (NASDAQ:SEIC) – Research analysts at William Blair increased their FY2020 earnings per share (EPS) estimates for SEI Investments in a note issued to investors on Wednesday, July 24th. William Blair analyst C. Shutler now anticipates that the asset manager will post earnings of $3.63 per share for the year, up from their previous forecast of $3.55. William Blair currently has a “Market Perform” rating on the stock.
SEI Investments (NASDAQ:SEIC) last announced its quarterly earnings results on Wednesday, July 24th. The asset manager reported $0.82 EPS for the quarter, topping the Zacks’ consensus estimate of $0.79 by $0.03. The business had revenue of $409.60 million for the quarter, compared to analysts’ expectations of $412.28 million. SEI Investments had a return on equity of 29.86% and a net margin of 29.85%. The business’s quarterly revenue was up 1.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.75 EPS.
Shares of SEI Investments stock opened at $60.41 on Monday. The company has a quick ratio of 5.61, a current ratio of 5.78 and a debt-to-equity ratio of 0.02. The stock has a 50 day moving average of $56.24. The stock has a market cap of $9.20 billion, a PE ratio of 19.24, a P/E/G ratio of 1.59 and a beta of 1.28. SEI Investments has a one year low of $42.27 and a one year high of $64.21.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Geode Capital Management LLC increased its stake in shares of SEI Investments by 19.1% during the fourth quarter. Geode Capital Management LLC now owns 1,770,128 shares of the asset manager’s stock valued at $81,741,000 after buying an additional 283,678 shares during the period. Parnassus Investments CA boosted its position in shares of SEI Investments by 25.4% during the first quarter. Parnassus Investments CA now owns 1,590,474 shares of the asset manager’s stock valued at $83,102,000 after purchasing an additional 322,254 shares in the last quarter. Norges Bank bought a new stake in shares of SEI Investments during the fourth quarter valued at approximately $65,129,000. Dimensional Fund Advisors LP boosted its position in shares of SEI Investments by 67.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 866,478 shares of the asset manager’s stock valued at $40,030,000 after purchasing an additional 349,016 shares in the last quarter. Finally, Deutsche Bank AG boosted its position in shares of SEI Investments by 15.5% during the fourth quarter. Deutsche Bank AG now owns 792,669 shares of the asset manager’s stock valued at $36,615,000 after purchasing an additional 106,169 shares in the last quarter. 68.75% of the stock is currently owned by hedge funds and other institutional investors.
In other news, Director Sarah Blumenstein sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $51.96, for a total transaction of $259,800.00. Following the transaction, the director now directly owns 10,681 shares of the company’s stock, valued at $554,984.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Kathryn Mccarthy sold 9,500 shares of the business’s stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $60.90, for a total value of $578,550.00. Following the transaction, the director now directly owns 75,200 shares in the company, valued at $4,579,680. The disclosure for this sale can be found here. 22.60% of the stock is currently owned by insiders.
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.
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