SEI Investments (NASDAQ:SEIC) – Equities researchers at William Blair reduced their Q1 2018 earnings per share estimates for shares of SEI Investments in a note issued to investors on Thursday, April 12th. William Blair analyst C. Shutler now anticipates that the asset manager will earn $0.77 per share for the quarter, down from their prior forecast of $0.80. William Blair currently has a “Market Perform” rating on the stock. William Blair also issued estimates for SEI Investments’ Q2 2018 earnings at $0.77 EPS, Q3 2018 earnings at $0.78 EPS and FY2018 earnings at $3.10 EPS.
A number of other research firms also recently commented on SEIC. BidaskClub upgraded SEI Investments from a “buy” rating to a “strong-buy” rating in a research note on Thursday, March 22nd. Oppenheimer reiterated a “buy” rating and issued a $80.00 price target on shares of SEI Investments in a research note on Thursday, February 1st. Zacks Investment Research downgraded SEI Investments from a “buy” rating to a “hold” rating in a research note on Tuesday, March 6th. Finally, Sandler O’Neill set a $81.00 price target on SEI Investments and gave the stock a “buy” rating in a research note on Tuesday, April 10th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $75.00.
SEI Investments (NASDAQ:SEIC) last posted its quarterly earnings results on Wednesday, January 31st. The asset manager reported $0.75 EPS for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.15. The business had revenue of $408.22 million during the quarter, compared to the consensus estimate of $397.96 million. SEI Investments had a return on equity of 26.74% and a net margin of 26.49%. The company’s revenue for the quarter was up 10.7% compared to the same quarter last year. During the same period last year, the firm earned $0.55 earnings per share.
A number of hedge funds have recently modified their holdings of SEIC. Schroder Investment Management Group acquired a new position in SEI Investments in the third quarter valued at approximately $547,000. Wells Fargo & Company MN boosted its stake in SEI Investments by 29.1% in the third quarter. Wells Fargo & Company MN now owns 147,586 shares of the asset manager’s stock valued at $9,013,000 after acquiring an additional 33,283 shares during the period. Dimensional Fund Advisors LP boosted its stake in SEI Investments by 1.4% in the third quarter. Dimensional Fund Advisors LP now owns 500,551 shares of the asset manager’s stock valued at $30,565,000 after acquiring an additional 6,753 shares during the period. Nomura Asset Management Co. Ltd. boosted its stake in SEI Investments by 15.7% in the third quarter. Nomura Asset Management Co. Ltd. now owns 16,910 shares of the asset manager’s stock valued at $1,033,000 after acquiring an additional 2,300 shares during the period. Finally, Cubist Systematic Strategies LLC acquired a new position in SEI Investments in the third quarter valued at approximately $387,000. Institutional investors own 70.52% of the company’s stock.
In related news, EVP N Jeffrey Klauder bought 3,637 shares of the firm’s stock in a transaction on Tuesday, March 13th. The stock was bought at an average cost of $23.86 per share, for a total transaction of $86,778.82. Following the completion of the purchase, the executive vice president now directly owns 45,831 shares in the company, valued at approximately $1,093,527.66. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Stephen Meyer sold 4,524 shares of SEI Investments stock in a transaction that occurred on Wednesday, March 21st. The shares were sold at an average price of $77.59, for a total value of $351,017.16. Following the completion of the transaction, the executive vice president now owns 97,748 shares of the company’s stock, valued at $7,584,267.32. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 95,348 shares of company stock valued at $7,115,112. 16.50% of the stock is currently owned by 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.
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