SEI Investments (NASDAQ:SEIC) Expected to Announce Quarterly Sales of $419.43 Million

Equities research analysts forecast that SEI Investments (NASDAQ:SEIC) will announce sales of $419.43 million for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for SEI Investments’ earnings. The highest sales estimate is $432.03 million and the lowest is $413.00 million. SEI Investments reported sales of $416.25 million in the same quarter last year, which suggests a positive year over year growth rate of 0.8%. The business is scheduled to report its next quarterly earnings report on Wednesday, October 28th.

On average, analysts expect that SEI Investments will report full year sales of $1.66 billion for the current fiscal year, with estimates ranging from $1.65 billion to $1.69 billion. For the next financial year, analysts anticipate that the company will report sales of $1.76 billion, with estimates ranging from $1.74 billion to $1.81 billion. Zacks’ sales averages are an average based on a survey of research analysts that that provide coverage for SEI Investments.

SEI Investments (NASDAQ:SEIC) last released its quarterly earnings data on Wednesday, July 22nd. The asset manager reported $0.68 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.68. SEI Investments had a return on equity of 27.38% and a net margin of 28.47%. The company had revenue of $400.65 million for the quarter, compared to analyst estimates of $403.16 million. During the same period in the previous year, the company posted $0.82 EPS.

A number of equities analysts have recently issued reports on the company. Zacks Investment Research upgraded SEI Investments from a “sell” rating to a “hold” rating and set a $55.00 price objective for the company in a report on Tuesday, May 19th. Rosenblatt Securities reiterated a “hold” rating and issued a $47.00 price objective on shares of SEI Investments in a report on Friday, April 24th. Oppenheimer upped their price objective on SEI Investments from $58.00 to $65.00 and gave the stock an “outperform” rating in a report on Thursday, July 23rd. TheStreet upgraded SEI Investments from a “c” rating to a “b-” rating in a report on Tuesday, June 2nd. Finally, BidaskClub cut SEI Investments from a “sell” rating to a “strong sell” rating in a report on Tuesday, July 28th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $55.67.

A number of hedge funds have recently modified their holdings of the stock. FMR LLC increased its position in SEI Investments by 19.9% during the 1st quarter. FMR LLC now owns 211,097 shares of the asset manager’s stock valued at $11,030,000 after buying an additional 35,067 shares in the last quarter. First Trust Advisors LP bought a new position in SEI Investments in the first quarter worth approximately $1,155,000. Point72 Asset Management L.P. grew its stake in SEI Investments by 96.8% in the fourth quarter. Point72 Asset Management L.P. now owns 24,600 shares of the asset manager’s stock worth $1,611,000 after purchasing an additional 12,100 shares in the last quarter. Janus Henderson Group PLC grew its stake in SEI Investments by 556.8% in the fourth quarter. Janus Henderson Group PLC now owns 233,538 shares of the asset manager’s stock worth $15,292,000 after purchasing an additional 197,979 shares in the last quarter. Finally, Alliancebernstein L.P. grew its stake in SEI Investments by 3.7% in the fourth quarter. Alliancebernstein L.P. now owns 223,317 shares of the asset manager’s stock worth $14,623,000 after purchasing an additional 7,956 shares in the last quarter. Institutional investors own 73.59% of the company’s stock.

NASDAQ SEIC traded up $0.05 during trading on Tuesday, reaching $52.33. The company’s stock had a trading volume of 805,561 shares, compared to its average volume of 571,428. The stock has a market capitalization of $7.67 billion, a PE ratio of 16.88, a P/E/G ratio of 1.46 and a beta of 1.31. The company has a debt-to-equity ratio of 0.02, a current ratio of 5.22 and a quick ratio of 5.07. The firm has a fifty day moving average of $54.97 and a 200 day moving average of $55.42. SEI Investments has a one year low of $35.40 and a one year high of $69.61.

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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Earnings History and Estimates for SEI Investments (NASDAQ:SEIC)

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