SEI Investments (NASDAQ:SEIC) was the target of unusually large options trading activity on Tuesday. Investors purchased 1,603 put options on the company. This represents an increase of approximately 1,182% compared to the typical volume of 125 put options.
Shares of SEI Investments (NASDAQ:SEIC) opened at $72.73 on Wednesday. The company has a current ratio of 4.14, a quick ratio of 4.07 and a debt-to-equity ratio of 0.02. The stock has a market cap of $11,585.41, a P/E ratio of 31.66, a PEG ratio of 1.90 and a beta of 1.30. SEI Investments has a 1-year low of $49.04 and a 1-year high of $77.49.
SEI Investments (NASDAQ:SEIC) last posted its quarterly earnings data on Wednesday, January 31st. The asset manager reported $0.75 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.15. The firm had revenue of $408.22 million during the quarter, compared to analysts’ expectations of $397.96 million. SEI Investments had a net margin of 26.49% and a return on equity of 26.74%. The firm’s quarterly revenue was up 10.7% on a year-over-year basis. During the same quarter last year, the company posted $0.55 EPS. research analysts forecast that SEI Investments will post 3.24 earnings per share for the current fiscal year.
In other news, insider Wayne Withrow sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 5th. The shares were sold at an average price of $70.35, for a total transaction of $703,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Dennis Mcgonigle sold 15,000 shares of the firm’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $69.63, for a total transaction of $1,044,450.00. The disclosure for this sale can be found here. Insiders have sold a total of 75,000 shares of company stock valued at $5,414,750 in the last 90 days. Insiders own 16.50% of the company’s stock.
Several large investors have recently bought and sold shares of SEIC. Invictus RG purchased a new position in shares of SEI Investments during the 3rd quarter worth approximately $111,000. Icon Wealth Partners LLC purchased a new position in shares of SEI Investments during the 4th quarter worth approximately $121,000. Woodard & Co. Asset Management Group Inc. ADV purchased a new position in shares of SEI Investments during the 4th quarter worth approximately $122,000. Meeder Asset Management Inc. boosted its position in shares of SEI Investments by 7,575.0% during the 3rd quarter. Meeder Asset Management Inc. now owns 2,456 shares of the asset manager’s stock worth $150,000 after purchasing an additional 2,424 shares during the period. Finally, Legacy Advisors LLC purchased a new position in shares of SEI Investments during the 3rd quarter worth approximately $180,000. 70.95% of the stock is owned by hedge funds and other institutional investors.
A number of analysts have recently issued reports on the stock. Oppenheimer restated a “buy” rating and set a $80.00 price target on shares of SEI Investments in a report on Thursday, February 1st. BidaskClub downgraded shares of SEI Investments from a “buy” rating to a “hold” rating in a report on Wednesday, January 31st. Zacks Investment Research upgraded shares of SEI Investments from a “hold” rating to a “strong-buy” rating and set a $84.00 price target for the company in a report on Friday, January 5th. Finally, Mizuho restated a “buy” rating and set a $72.00 price target on shares of SEI Investments in a report on Friday, November 17th. Three equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $73.50.
About SEI Investments
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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