SEI Investments Company (NASDAQ:SEIC) shares traded 1.34% higher at $55.86 on Wall Street last session.
In accordance with the data, 6 analysts cover SEI Investments Company (NASDAQ:SEIC). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $68.00 and a low of $54.00, we find $64.00. Given the previous closing price of $55.12, this indicates a potential upside of 16.11 percent. SEIC stock price is now -8.53% away from the 50-day moving average and -1.64% away from the 200-day moving average. The market capitalization of the company currently stands at $7.70B.
Will You Miss Out On This Growth Stock Boom?
A new megatrend in the fintech market is well underway. Mobile payments are projected to boom into a massive $12 trillion market by 2028. According to Motley Fool this growth stock could "deliver huge returns." Not only in the immediate future but also over the next decade. Especially since the man behind this company is a serial entrepreneur who has been wildly successful over the years.
And this is just one of our
5 Best Growth Stocks To Own For 2023.
Sponsored
It has been rated a hold by 4 analysts and a buy by 1. Brokers who have rated the stock have averaged $62.00 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, BLUMENSTEIN SARAH, Director sold 10,546 shares of the company’s stock on Feb 21. The stock was sold for $635,060 at an average price of $60.22. Upon completion of the transaction, the Director now directly owns 6,447 shares in the company, valued at $0.36 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 17, Director BLUMENSTEIN SARAH sold 24,454 shares of the business’s stock. A total of $1,497,808 was realized by selling the stock at an average price of $61.25. This leaves the insider owning 6,447 shares of the company worth $0.36 million. Insiders disposed of 639,279 shares of company stock worth roughly $35.71 million over the past 1 year. A total of 7.90% 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 $4,274,000. OCCUDO QUANTITATIVE STRATEGIES LP invested $3,422,000 in shares of SEIC during the first quarter. In the first quarter, APG ASSET MANAGEMENT N.V. acquired a new stake in SEI Investments Company valued at approximately $2,811,000. VIDENT INVESTMENT ADVISORY, LLC acquired a new stake in SEIC for approximately $2,722,000. BALYASNY ASSET MANAGEMENT LLC purchased a new stake in SEIC valued at around $2,114,000 in the second quarter. In total, there are 632 active investors with 72.20% ownership of the company’s stock.
SEI Investments Company (NASDAQ: SEIC) opened at $56.57 on Tuesday. During the past 12 months, SEI Investments Company has had a low of $46.30 and a high of $64.69. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 3.70, and a quick ratio of 3.70. The fifty day moving average price for SEIC is $61.01 and a two-hundred day moving average price translates $56.79 for the stock.
The latest earnings results from SEI Investments Company (NASDAQ: SEIC) was released for Dec, 2022. According to the Asset Management Company, earnings per share came in at $0.83, beating analysts’ expectations of $0.8 by 0.03. This compares to $1.02 EPS in the same period last year. The net profit margin was 23.90% and return on equity was 24.40% for SEIC. The company reported revenue of $456.59 million for the quarter, compared to $501.65 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -8.98 percent. For the current quarter, analysts expect SEIC to generate $466.84M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 01/05/2023. Investors who held shares on 12/19/2022 were paid a $0.43 dividend. On an annualized basis, this represents a $0.86 dividend and a 1.54% percent yield. There was an ex-dividend date of 12/16/2022 for this dividend. In terms of dividend payout ratio, SEIC is presently at 23.00%.
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.
