Media stories about SEI Investments (NASDAQ:SEIC) have been trending somewhat positive recently, according to Accern. The research firm ranks the sentiment of news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. SEI Investments earned a daily sentiment score of 0.19 on Accern’s scale. Accern also assigned news headlines about the asset manager an impact score of 46.0564422811872 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
A number of research analysts have weighed in on the company. Oppenheimer restated a “buy” rating and issued a $80.00 price target on shares of SEI Investments in a research note on Thursday, February 1st. BidaskClub downgraded SEI Investments from a “buy” rating to a “hold” rating in a research note on Wednesday, January 31st. Zacks Investment Research upgraded SEI Investments from a “hold” rating to a “strong-buy” rating and set a $84.00 price target for the company in a research note on Friday, January 5th. Finally, Mizuho restated a “buy” rating and issued a $72.00 price target on shares of SEI Investments in a research note on Friday, November 17th. Three investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $73.50.
Shares of SEI Investments (SEIC) traded up $0.34 during midday trading on Monday, hitting $73.76. The stock had a trading volume of 641,563 shares, compared to its average volume of 676,658. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.14 and a quick ratio of 4.07. SEI Investments has a one year low of $49.04 and a one year high of $77.49. The company has a market cap of $11,620.00, a P/E ratio of 29.62, a P/E/G ratio of 1.90 and a beta of 1.29.
SEI Investments declared that its Board of Directors has approved a stock buyback program on Wednesday, October 25th that allows the company to buyback $200.00 million in shares. This buyback authorization allows the asset manager to repurchase shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s management believes its stock is undervalued.
In other news, EVP Paul Klauder sold 8,750 shares of SEI Investments stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $69.36, for a total transaction of $606,900.00. Following the completion of the transaction, the executive vice president now directly owns 22,879 shares in the company, valued at approximately $1,586,887.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider N Jeffrey Klauder sold 20,000 shares of SEI Investments stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $68.39, for a total value of $1,367,800.00. Following the transaction, the insider now owns 62,194 shares of the company’s stock, valued at $4,253,447.66. The disclosure for this sale can be found here. Insiders have sold a total of 53,750 shares of company stock valued at $3,722,650 over the last quarter. 16.50% of the stock is currently owned by corporate insiders.
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SEI Investments Company Profile
SEI Investments Company provides investment processing, investment management and investment operations solutions. The Company provides its solutions to financial institutions, financial advisors, institutional investors, investment managers and ultra-high-net-worth families in the United States, Canada, the United Kingdom, continental Europe and various other locations around the world.
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