The stock of SEI Investments Company (NASDAQ:SEIC) last traded at $62.43, up 0.92% from the previous session.
Data from the available sources indicates that SEI Investments Company (NASDAQ:SEIC) is covered by 7 analysts. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $67.00 and a low of $51.00, we find $63.00. Given the previous closing price of $61.86, this indicates a potential upside of 1.84 percent. SEIC stock price is now 17.54% away from the 50-day moving average and 12.10% away from the 200-day moving average. The market capitalization of the company currently stands at $8.40B.
In total, 4 analysts have assigned it a hold rating, and 1 have given it a buy rating. Brokers who have rated the stock have averaged $61.00 as their price target over the next twelve months.
On July 12, 2022, Morgan Stanley Downgraded its previous ‘Equal-Weight’ rating to ‘Underweight’ on the stock keeping its target price maintained at $55, while ‘Goldman’ rates the stock as ‘Neutral’.
In other news, HEILIG KATHY, Treasurer sold 12,400 shares of the company’s stock on Nov 18. The stock was sold for $756,400 at an average price of $61.00. Upon completion of the transaction, the Treasurer now directly owns 1,891 shares in the company, valued at $0.12 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 17, Treasurer HEILIG KATHY sold 100 shares of the business’s stock. A total of $6,085 was realized by selling the stock at an average price of $60.85. This leaves the insider owning 1,891 shares of the company worth $0.12 million. Insiders disposed of 395,731 shares of company stock worth roughly $24.71 million over the past 1 year. A total of 7.20% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in SEIC stock. A new stake in SEI Investments Company shares was purchased by AMALGAMATED FINANCIAL CORP. during the first quarter worth $4,777,000. PINNACLE FINANCIAL PARTNERS INC invested $2,336,000 in shares of SEIC during the first quarter. In the first quarter, TREDJE AP-FONDEN acquired a new stake in SEI Investments Company valued at approximately $1,510,000. LIDO ADVISORS, LLC acquired a new stake in SEIC for approximately $1,179,000. 1832 ASSET MANAGEMENT L.P. purchased a new stake in SEIC valued at around $901,000 in the second quarter. In total, there are 639 active investors with 72.20% ownership of the company’s stock.
With an opening price of $61.97 on Wednesday morning, SEI Investments Company (NASDAQ: SEIC) set off the trading day. During the past 12 months, SEI Investments Company has had a low of $46.30 and a high of $64.29. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 4.40, and a quick ratio of 4.40. The fifty day moving average price for SEIC is $53.25 and a two-hundred day moving average price translates $55.70 for the stock.
The latest earnings results from SEI Investments Company (NASDAQ: SEIC) was released for Sep, 2022. According to the Asset Management Company, earnings per share came in at $0.45, missing analysts’ expectations of $0.67 by -0.22. This compares to $0.97 EPS in the same period last year. The net profit margin was 25.00% and return on equity was 26.50% for SEIC. The company reported revenue of $471.33 million for the quarter, compared to $485.32 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -2.88 percent. For the current quarter, analysts expect SEIC to generate $454.94M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 06/22/2022. Investors who held shares on 06/13/2022 were paid a $0.40 dividend. On an annualized basis, this represents a $0.80 dividend and a 1.28% percent yield. There was an ex-dividend date of 06/10/2022 for this dividend. In terms of dividend payout ratio, SEIC is presently at 20.80%.
SEI Investments Company(SEIC) 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. It provides its services to private banks, independent financial advisers, institutional investors, investment managers, investment advisors, wealth management organizations, corporations, retirement scheme sponsors, not-for-profit organizations, hedge fund managers, registered investment advisers, independent broker-dealers, financial planners, life insurance agents, defined-benefit schemes, defined-contribution schemes, endowments, foundations, and board-designated fund, through its subsidiaries. Through its subsidiaries, the firm manages separate client-focused portfolios. It also launches and manages equity, fixed income, and balanced mutual funds, through its subsidiaries. Through its subsidiaries, the firm invests in public equity and fixed income markets. It employs fundamental and quantitative analysis with a focus on top-down and bottom-up analysis to make its investments, through its subsidiaries. SEI Investments Company was founded in 1968 and is based in Oaks, Pennsylvania.