SEI Investments (SEIC) Scheduled to Post Earnings on Thursday

SEI Investments (NASDAQ:SEIC - Get Free Report) is scheduled to issue its quarterly earnings data on Thursday, April 18th.

SEI Investments (NASDAQ:SEIC - Get Free Report) last announced its quarterly earnings data on Wednesday, January 31st. The asset manager reported $0.91 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.91. The firm had revenue of $484.86 million during the quarter, compared to the consensus estimate of $481.39 million. SEI Investments had a return on equity of 22.40% and a net margin of 24.08%. During the same period in the prior year, the business earned $0.83 EPS. On average, analysts expect SEI Investments to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

SEI Investments Price Performance

SEI Investments stock traded down $0.33 during mid-day trading on Wednesday, hitting $66.08. The company's stock had a trading volume of 532,078 shares, compared to its average volume of 565,758. The firm's 50 day moving average is $68.54 and its 200 day moving average is $63.03. The company has a market cap of $8.68 billion, a PE ratio of 19.10, a price-to-earnings-growth ratio of 1.37 and a beta of 1.02. SEI Investments has a 52-week low of $52.19 and a 52-week high of $72.54.

Analysts Set New Price Targets

SEIC has been the subject of several research analyst reports. Oppenheimer increased their price objective on SEI Investments from $77.00 to $80.00 and gave the stock an "outperform" rating in a research note on Tuesday, April 9th. StockNews.com raised SEI Investments from a "hold" rating to a "buy" rating in a research note on Saturday, March 2nd. Finally, Piper Sandler raised their price target on SEI Investments from $66.00 to $72.00 and gave the stock a "neutral" rating in a research note on Wednesday, April 10th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $70.25.

Insider Transactions at SEI Investments

In other news, EVP Wayne Withrow sold 16,970 shares of the firm's stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $66.16, for a total transaction of $1,122,735.20. Following the completion of the sale, the executive vice president now directly owns 55,399 shares of the company's stock, valued at approximately $3,665,197.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, EVP Wayne Withrow sold 16,970 shares of the firm's stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $66.16, for a total value of $1,122,735.20. Following the transaction, the executive vice president now directly owns 55,399 shares of the company's stock, valued at approximately $3,665,197.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Alfred P. West, Jr. sold 150,000 shares of the firm's stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $70.75, for a total value of $10,612,500.00. Following the completion of the transaction, the chairman now directly owns 7,884,834 shares in the company, valued at $557,852,005.50. The disclosure for this sale can be found here. Insiders sold 206,333 shares of company stock valued at $14,481,612 in the last three months. Corporate insiders own 15.50% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. UniSuper Management Pty Ltd acquired a new stake in SEI Investments in the 2nd quarter valued at approximately $48,000. Steward Partners Investment Advisory LLC grew its holdings in SEI Investments by 17.3% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,015 shares of the asset manager's stock valued at $65,000 after buying an additional 150 shares during the last quarter. Point72 Asset Management L.P. acquired a new stake in SEI Investments in the 2nd quarter valued at approximately $71,000. Icon Wealth Advisors LLC acquired a new stake in SEI Investments in the 4th quarter valued at approximately $107,000. Finally, Point72 Middle East FZE acquired a new stake in SEI Investments in the 4th quarter valued at approximately $111,000. 70.59% of the stock is owned by institutional investors.

SEI Investments Company Profile

SEI Investments Company 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.