Somewhat Favorable Press Coverage Somewhat Unlikely to Impact SEI Investments (SEIC) Share Price

Media stories about SEI Investments (NASDAQ:SEIC) have trended somewhat positive recently, according to Accern Sentiment. The research group ranks the sentiment of press coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. SEI Investments earned a media sentiment score of 0.22 on Accern’s scale. Accern also gave media headlines about the asset manager an impact score of 45.7777266232761 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

These are some of the news stories that may have effected Accern Sentiment’s scoring:

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SEIC traded up $1.24 on Monday, hitting $70.80. 651,754 shares of the company were exchanged, compared to its average volume of 697,258. SEI Investments has a 12 month low of $49.45 and a 12 month high of $78.35. The firm has a market capitalization of $10,989.69, a PE ratio of 30.52, a PEG ratio of 1.87 and a beta of 1.25. The company has a debt-to-equity ratio of 0.02, a quick ratio of 4.07 and a current ratio of 4.14.

SEI Investments (NASDAQ:SEIC) last released its earnings results on Wednesday, January 31st. The asset manager reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.15. SEI Investments had a return on equity of 26.74% and a net margin of 26.49%. The business had revenue of $408.22 million for the quarter, compared to analyst estimates of $397.96 million. During the same quarter in the prior year, the company posted $0.55 earnings per share. SEI Investments’s revenue was up 10.7% on a year-over-year basis. research analysts forecast that SEI Investments will post 3.1 earnings per share for the current year.

A number of analysts have recently commented on SEIC shares. Zacks Investment Research lowered SEI Investments from a “hold” rating to a “sell” rating in a report on Tuesday, April 3rd. Sandler O’Neill set a $81.00 price target on SEI Investments and gave the company a “buy” rating in a report on Tuesday, April 10th. William Blair lowered SEI Investments from an “outperform” rating to a “market perform” rating in a report on Thursday. Finally, BidaskClub lowered SEI Investments from a “strong-buy” rating to a “buy” rating in a report on Thursday. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $75.00.

In related news, EVP Stephen Meyer sold 4,524 shares of the company’s stock in a transaction dated Wednesday, March 21st. The stock was sold at an average price of $77.59, for a total transaction of $351,017.16. Following the sale, the executive vice president now owns 97,748 shares in the company, valued at $7,584,267.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Joseph P. Ujobai sold 20,000 shares of the company’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $72.81, for a total value of $1,456,200.00. Following the sale, the executive vice president now owns 32,540 shares in the company, valued at approximately $2,369,237.40. The disclosure for this sale can be found here. Insiders have sold 95,348 shares of company stock worth $7,115,112 in the last quarter. 16.50% of the stock is currently owned by corporate insiders.

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About SEI Investments

SEI Investments Co 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.

Insider Buying and Selling by Quarter for SEI Investments (NASDAQ:SEIC)

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