SEI Investments (SEIC) to Release Earnings on Wednesday

SEI Investments (NASDAQ:SEIC) will 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. Persons that wish to listen to the company’s earnings conference call can do so using this link.

SEI Investments (NASDAQ:SEIC) last issued its quarterly earnings data on Wednesday, July 24th. The asset manager reported $1.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.04 by $0.01. SEI Investments had a return on equity of 23.25% and a net margin of 25.44%. The company had revenue of $518.99 million during the quarter, compared to the consensus estimate of $523.80 million. During the same period last year, the company earned $0.89 earnings per share. The firm’s revenue was up 6.1% compared to the same quarter last year. 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 Price Performance

Shares of SEIC opened at $72.30 on Tuesday. SEI Investments has a 1 year low of $52.19 and a 1 year high of $73.66. The company has a market capitalization of $9.39 billion, a price-to-earnings ratio of 18.93, a price-to-earnings-growth ratio of 1.44 and a beta of 0.99. The business has a 50-day moving average of $68.26 and a 200-day moving average of $67.28.

Wall Street Analyst Weigh In

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

Insiders Place Their Bets

In other SEI Investments news, Chairman Alfred P. West, Jr. sold 27,419 shares of SEI Investments stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $67.48, for a total value of $1,850,234.12. Following the completion of the sale, the chairman now directly owns 7,649,577 shares in the company, valued at approximately $516,193,455.96. The trade was a 0.00 % decrease in their ownership of the stock. The sale 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 61,000 shares of the firm’s stock in a transaction that occurred on 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 sale, the chairman now owns 7,504,285 shares of the company’s stock, valued at approximately $505,488,637.60. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Chairman Alfred P. West, Jr. sold 27,419 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $67.48, for a total value of $1,850,234.12. Following the completion of the sale, the chairman now directly owns 7,649,577 shares of the company’s stock, valued at $516,193,455.96. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 132,582 shares of company stock worth $8,942,405. 14.30% of the stock is owned by corporate insiders.

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.