SEI Investments (SEIC) Scheduled to Post Quarterly Earnings on Wednesday

SEI Investments (NASDAQ:SEIC) is scheduled to announce its earnings results after the market closes on Wednesday, October 23rd. Analysts expect the company to announce earnings of $1.07 per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

SEI Investments (NASDAQ:SEIC) last issued its earnings results on Wednesday, July 24th. The asset manager reported $1.05 earnings per share for the quarter, beating analysts’ consensus estimates of $1.04 by $0.01. The business had revenue of $518.99 million during the quarter, compared to analyst estimates of $523.80 million. SEI Investments had a return on equity of 23.25% and a net margin of 25.44%. SEI Investments’s revenue was up 6.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.89 EPS. On average, analysts expect SEI Investments to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

SEI Investments Stock Up 0.8 %

Shares of NASDAQ SEIC opened at $71.68 on Wednesday. The business has a fifty day simple moving average of $67.76 and a two-hundred day simple moving average of $67.23. The firm has a market cap of $9.31 billion, a PE ratio of 18.76, a price-to-earnings-growth ratio of 1.39 and a beta of 0.99. SEI Investments has a twelve month low of $52.19 and a twelve month high of $72.54.

Insider Buying and Selling

In related news, Chairman Alfred P. West, Jr. sold 61,000 shares of the company’s stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $67.36, for a total value of $4,108,960.00. Following the completion of the transaction, the chairman now owns 7,504,285 shares of the company’s stock, valued at approximately $505,488,637.60. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other SEI Investments news, Chairman Alfred P. West, Jr. sold 44,163 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $67.55, for a total transaction of $2,983,210.65. Following the completion of the sale, the chairman now directly owns 7,605,414 shares in the company, valued at approximately $513,745,715.70. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Alfred P. West, Jr. sold 61,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $67.36, for a total value of $4,108,960.00. Following the completion of the sale, the chairman now owns 7,504,285 shares of the company’s stock, valued at $505,488,637.60. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 132,582 shares of company stock valued at $8,942,405. 14.30% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Oppenheimer lifted their price target on SEI Investments from $80.00 to $81.00 and gave the company an “outperform” rating in a report on Tuesday, October 8th. Piper Sandler boosted their target price on SEI Investments from $71.00 to $74.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 9th. Finally, Keefe, Bruyette & Woods restated a “market perform” rating and set a $73.00 target price (down from $74.00) on shares of SEI Investments in a research note on Thursday, July 25th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $72.25.

About SEI Investments

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.