SEI Investments (SEIC) Receives Consensus Recommendation of “Hold” from Analysts

Shares of SEI Investments (NASDAQ:SEIC) have been given a consensus recommendation of “Hold” by the seven analysts that are currently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $78.75.

Several equities analysts have recently issued reports on SEIC shares. BidaskClub downgraded shares of SEI Investments from a “sell” rating to a “strong sell” rating in a report on Saturday, August 4th. Zacks Investment Research downgraded shares of SEI Investments from a “buy” rating to a “hold” rating in a report on Tuesday, July 17th. ValuEngine downgraded shares of SEI Investments from a “hold” rating to a “sell” rating in a report on Monday, October 8th. Finally, Mizuho restated a “buy” rating and set a $85.00 price objective on shares of SEI Investments in a report on Friday, July 20th.

In related news, insider Joseph P. Ujobai sold 1,473 shares of the company’s stock in a transaction that occurred on Monday, August 13th. The stock was sold at an average price of $59.84, for a total value of $88,144.32. Following the sale, the insider now owns 14,013 shares in the company, valued at $838,537.92. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Dennis Mcgonigle sold 15,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 12th. The shares were sold at an average price of $62.83, for a total value of $942,450.00. Following the completion of the sale, the insider now owns 27,540 shares in the company, valued at approximately $1,730,338.20. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 42,973 shares of company stock worth $2,598,794. Corporate insiders own 17.30% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of SEIC. Jane Street Group LLC lifted its position in shares of SEI Investments by 29.6% during the 1st quarter. Jane Street Group LLC now owns 3,700 shares of the asset manager’s stock valued at $277,000 after buying an additional 845 shares in the last quarter. Rhumbline Advisers lifted its position in shares of SEI Investments by 0.3% during the 2nd quarter. Rhumbline Advisers now owns 298,311 shares of the asset manager’s stock valued at $18,650,000 after buying an additional 931 shares in the last quarter. Bbva Compass Bancshares Inc. lifted its position in shares of SEI Investments by 0.9% during the 2nd quarter. Bbva Compass Bancshares Inc. now owns 110,599 shares of the asset manager’s stock valued at $6,915,000 after buying an additional 942 shares in the last quarter. Aperio Group LLC lifted its position in shares of SEI Investments by 2.7% during the 2nd quarter. Aperio Group LLC now owns 36,085 shares of the asset manager’s stock valued at $2,256,000 after buying an additional 949 shares in the last quarter. Finally, MetLife Investment Advisors LLC lifted its position in shares of SEI Investments by 1.2% during the 2nd quarter. MetLife Investment Advisors LLC now owns 82,465 shares of the asset manager’s stock valued at $5,156,000 after buying an additional 1,000 shares in the last quarter. Hedge funds and other institutional investors own 68.85% of the company’s stock.

Shares of SEIC traded down $0.10 during mid-day trading on Wednesday, hitting $55.96. 22,432 shares of the company traded hands, compared to its average volume of 674,011. SEI Investments has a 1-year low of $54.18 and a 1-year high of $78.35. The company has a market cap of $9.58 billion, a P/E ratio of 24.12, a price-to-earnings-growth ratio of 1.62 and a beta of 1.14.

SEI Investments (NASDAQ:SEIC) last posted its quarterly earnings data on Thursday, July 19th. The asset manager reported $0.75 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.76 by ($0.01). SEI Investments had a net margin of 30.25% and a return on equity of 29.98%. The company had revenue of $404.80 million for the quarter, compared to analyst estimates of $405.58 million. During the same quarter last year, the company earned $0.57 EPS. The business’s revenue was up 8.7% compared to the same quarter last year. On average, research analysts expect that SEI Investments will post 3.15 EPS for the current fiscal year.

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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