SEI Investments (NASDAQ:SEIC) Expected to Post Earnings of $0.79 Per Share

Brokerages predict that SEI Investments (NASDAQ:SEIC) will announce earnings per share (EPS) of $0.79 for the current quarter, according to Zacks. Four analysts have issued estimates for SEI Investments’ earnings, with the lowest EPS estimate coming in at $0.76 and the highest estimate coming in at $0.85. SEI Investments posted earnings per share of $0.86 in the same quarter last year, which would suggest a negative year over year growth rate of 8.1%. The business is scheduled to report its next quarterly earnings report on Wednesday, October 28th.

According to Zacks, analysts expect that SEI Investments will report full-year earnings of $2.98 per share for the current financial year, with EPS estimates ranging from $2.91 to $3.08. For the next year, analysts expect that the business will report earnings of $3.43 per share, with EPS estimates ranging from $3.35 to $3.58. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that cover SEI Investments.

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

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

Shares of SEIC traded up $0.05 during trading hours on Friday, reaching $52.33. 805,561 shares of the company’s stock traded hands, compared to its average volume of 571,428. The stock has a market cap of $7.67 billion, a PE ratio of 16.88, a price-to-earnings-growth ratio of 1.46 and a beta of 1.31. The company has a current ratio of 5.22, a quick ratio of 5.07 and a debt-to-equity ratio of 0.02. The firm’s 50 day simple moving average is $54.97 and its 200-day simple moving average is $55.42. SEI Investments has a 12 month low of $35.40 and a 12 month high of $69.61.

A number of institutional investors have recently made changes to their positions in SEIC. Atlanta Capital Management Co. L L C increased its position in SEI Investments by 1.2% during the first quarter. Atlanta Capital Management Co. L L C now owns 5,645,705 shares of the asset manager’s stock valued at $261,622,000 after acquiring an additional 66,769 shares during the last quarter. Geode Capital Management LLC increased its position in SEI Investments by 1.3% in the first quarter. Geode Capital Management LLC now owns 2,191,928 shares of the asset manager’s stock worth $101,589,000 after buying an additional 27,235 shares in the last quarter. Norges Bank purchased a new stake in SEI Investments in the fourth quarter worth about $87,275,000. Schroder Investment Management Group increased its position in SEI Investments by 509.9% in the first quarter. Schroder Investment Management Group now owns 1,278,347 shares of the asset manager’s stock worth $61,041,000 after buying an additional 1,068,750 shares in the last quarter. Finally, Legal & General Group Plc increased its position in SEI Investments by 0.6% in the first quarter. Legal & General Group Plc now owns 947,747 shares of the asset manager’s stock worth $43,935,000 after buying an additional 6,011 shares in the last quarter. 73.59% of the stock is currently owned by institutional investors and hedge funds.

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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