SEI Investments (NASDAQ:SEIC) Upgraded at BidaskClub

BidaskClub upgraded shares of SEI Investments (NASDAQ:SEIC) from a buy rating to a strong-buy rating in a research note issued to investors on Tuesday, BidAskClub reports.

Separately, ValuEngine lowered shares of SEI Investments from a hold rating to a sell rating in a report on Thursday, October 10th. One analyst has rated the stock with a sell rating, four have issued a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of Hold and an average price target of $61.50.

SEI Investments stock opened at $58.70 on Tuesday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 5.61 and a current ratio of 5.78. SEI Investments has a 52-week low of $42.27 and a 52-week high of $61.35. The firm has a 50 day moving average price of $58.77 and a two-hundred day moving average price of $56.12. The firm has a market cap of $8.85 billion, a price-to-earnings ratio of 18.69, a PEG ratio of 1.52 and a beta of 1.31.

SEI Investments (NASDAQ:SEIC) last released its quarterly earnings results on Wednesday, July 24th. The asset manager reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.03. SEI Investments had a net margin of 29.85% and a return on equity of 29.86%. The firm had revenue of $409.60 million during the quarter, compared to analyst estimates of $412.28 million. During the same quarter last year, the business earned $0.75 EPS. The company’s revenue was up 1.2% compared to the same quarter last year. As a group, equities research analysts predict that SEI Investments will post 3.21 EPS for the current fiscal year.

In other SEI Investments news, Director William Doran sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $61.00, for a total transaction of $305,000.00. Following the completion of the transaction, the director now owns 671,915 shares in the company, valued at approximately $40,986,815. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Kathryn Mccarthy sold 9,500 shares of the firm’s stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $60.90, for a total transaction of $578,550.00. Following the transaction, the director now owns 75,200 shares of the company’s stock, valued at approximately $4,579,680. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 39,222 shares of company stock valued at $2,322,423. Company insiders own 22.60% of the company’s stock.

Several large investors have recently added to or reduced their stakes in SEIC. Marshall Wace LLP bought a new stake in shares of SEI Investments in the 1st quarter valued at $2,330,000. Advisory Services Network LLC increased its stake in shares of SEI Investments by 2.2% in the 1st quarter. Advisory Services Network LLC now owns 17,943 shares of the asset manager’s stock valued at $938,000 after acquiring an additional 390 shares in the last quarter. Nordea Investment Management AB increased its stake in shares of SEI Investments by 3.4% in the 1st quarter. Nordea Investment Management AB now owns 493,201 shares of the asset manager’s stock valued at $25,771,000 after acquiring an additional 16,243 shares in the last quarter. FMR LLC increased its stake in shares of SEI Investments by 19.9% in the 1st quarter. FMR LLC now owns 211,097 shares of the asset manager’s stock valued at $11,030,000 after acquiring an additional 35,067 shares in the last quarter. Finally, First Trust Advisors LP bought a new stake in shares of SEI Investments in the 1st quarter valued at $1,155,000. Institutional investors own 69.26% of the company’s stock.

About SEI Investments

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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