SEI Investments (SEIC) Rating Lowered to Hold at BidaskClub

SEI Investments (NASDAQ:SEIC) was downgraded by research analysts at BidaskClub from a “buy” rating to a “hold” rating in a research report issued on Thursday.

SEIC has been the topic of a number of other research reports. Zacks Investment Research lowered shares of SEI Investments from a “hold” rating to a “sell” rating in a research note on Tuesday, April 3rd. Sandler O’Neill set a $81.00 target price on shares of SEI Investments and gave the company a “buy” rating in a research note on Tuesday, April 10th. William Blair lowered shares of SEI Investments from an “outperform” rating to a “market perform” rating in a research note on Thursday, April 12th. Finally, Oppenheimer reaffirmed a “buy” rating and set a $80.00 target price on shares of SEI Investments in a research note on Thursday, February 1st. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $75.00.

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Shares of SEIC opened at $70.56 on Thursday. The stock has a market cap of $11,207.72, a PE ratio of 30.41, a P/E/G ratio of 1.90 and a beta of 1.25. The company has a debt-to-equity ratio of 0.02, a quick ratio of 4.07 and a current ratio of 4.14. SEI Investments has a 1-year low of $49.45 and a 1-year high of $78.35.

SEI Investments (NASDAQ:SEIC) last announced its earnings results on Wednesday, January 31st. The asset manager reported $0.75 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.15. The firm had revenue of $408.22 million for the quarter, compared to analyst estimates of $397.96 million. SEI Investments had a net margin of 26.49% and a return on equity of 26.74%. The company’s revenue for the quarter was up 10.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.55 EPS. research analysts expect that SEI Investments will post 3.1 EPS for the current year.

In related news, insider Stephen Meyer sold 20,424 shares of the business’s stock in a transaction dated Monday, March 12th. The shares were sold at an average price of $77.44, for a total transaction of $1,581,634.56. Following the sale, the insider now owns 98,276 shares of the company’s stock, valued at $7,610,493.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP N Jeffrey Klauder acquired 3,637 shares of the company’s stock in a transaction that occurred on Tuesday, March 13th. The shares were acquired at an average cost of $23.86 per share, for a total transaction of $86,778.82. Following the purchase, the executive vice president now directly owns 45,831 shares of the company’s stock, valued at $1,093,527.66. The disclosure for this purchase can be found here. Insiders have sold 95,348 shares of company stock worth $7,115,112 in the last three months. 16.50% of the stock is currently owned by insiders.

Large investors have recently bought and sold shares of the stock. Icon Wealth Partners LLC bought a new stake in SEI Investments during the fourth quarter worth about $121,000. Woodard & Co. Asset Management Group Inc. ADV bought a new stake in SEI Investments during the fourth quarter worth about $122,000. Gradient Investments LLC bought a new stake in SEI Investments during the fourth quarter worth about $207,000. BLB&B Advisors LLC bought a new stake in SEI Investments during the fourth quarter worth about $208,000. Finally, Two Sigma Securities LLC bought a new stake in SEI Investments during the fourth quarter worth about $212,000. 70.52% of the stock is currently owned by institutional investors and hedge funds.

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About SEI Investments

SEI Investments Co 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.

Analyst Recommendations for SEI Investments (NASDAQ:SEIC)

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