Media headlines about SEI Investments (NASDAQ:SEIC) have trended somewhat positive recently, according to Accern Sentiment. The research firm identifies positive and negative press coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. SEI Investments earned a daily sentiment score of 0.13 on Accern’s scale. Accern also assigned headlines about the asset manager an impact score of 45.3838777790613 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the headlines that may have impacted Accern Sentiment Analysis’s analysis:
- SEI Investments Company (SEIC) Raises Dividend to $0.30 Per Share (americanbankingnews.com)
- SEI Investments Ups Dividend: Is There More Upside Left? (finance.yahoo.com)
- SEI Wealth Platform Ranked as a Leading Wealth Management Solution (finance.yahoo.com)
- SEI Declares Dividend of $0.30 Per Share (finance.yahoo.com)
- SEI Investments declares $0.30 dividend (seekingalpha.com)
A number of equities analysts have issued reports on the stock. Oppenheimer lifted their target price on shares of SEI Investments from $60.00 to $67.00 and gave the stock an “outperform” rating in a research report on Thursday, September 28th. Mizuho restated a “buy” rating and set a $72.00 target price on shares of SEI Investments in a research report on Friday, November 17th. Zacks Investment Research upgraded shares of SEI Investments from a “sell” rating to a “hold” rating in a research report on Tuesday, October 3rd. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $58.00 target price on shares of SEI Investments in a research report on Sunday, September 3rd. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $67.25.
SEI Investments (NASDAQ:SEIC) last issued its quarterly earnings results on Wednesday, October 25th. The asset manager reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.06. The business had revenue of $368.02 million during the quarter, compared to the consensus estimate of $384.43 million. SEI Investments had a net margin of 24.94% and a return on equity of 27.12%. The company’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.53 earnings per share. analysts expect that SEI Investments will post 2.35 EPS for the current fiscal year.
SEI Investments announced that its Board of Directors has approved a share repurchase program on Wednesday, October 25th that permits the company to buyback $200.00 million in shares. This buyback authorization permits the asset manager to purchase shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s board of directors believes its stock is undervalued.
The company also recently declared a semiannual dividend, which will be paid on Monday, January 8th. Stockholders of record on Wednesday, December 27th will be issued a dividend of $0.30 per share. The ex-dividend date is Tuesday, December 26th. This is an increase from SEI Investments’s previous semiannual dividend of $0.28. This represents a dividend yield of 0.85%. SEI Investments’s payout ratio is 24.35%.
In related news, major shareholder Alfred P. West, Jr. sold 50,000 shares of the business’s stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $64.64, for a total value of $3,232,000.00. Following the completion of the sale, the insider now directly owns 10,619,272 shares in the company, valued at $686,429,742.08. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Wayne Withrow sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 5th. The shares were sold at an average price of $70.35, for a total transaction of $703,500.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 206,250 shares of company stock valued at $13,246,650. Insiders own 16.50% of the company’s stock.
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About SEI Investments
SEI Investments Company provides investment processing, investment management and investment operations solutions. The Company provides its solutions to financial institutions, financial advisors, institutional investors, investment managers and ultra-high-net-worth families in the United States, Canada, the United Kingdom, continental Europe and various other locations around the world.
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