News articles about SEI Investments (NASDAQ:SEIC) have been trending somewhat positive on Friday, according to Accern Sentiment. The research group identifies positive and negative media coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. SEI Investments earned a news impact score of 0.15 on Accern’s scale. Accern also assigned news headlines about the asset manager an impact score of 47.2781361595194 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the news headlines that may have impacted Accern Sentiment’s rankings:
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SEI Investments Co. (SEIC): Stock in Featured Spotlight: (stockquote.review) Stock Picking indicator: SEI Investments Co. (SEIC) (nysestocks.review) GAMCO Investors (GBL) & SEI Investments (SEIC) Financial Analysis (americanbankingnews.com) Bremer Bank Adopts SEI Wealth Platform (finance.yahoo.com) What You Must Know About SEI Investments Cos (NASDAQ:SEIC) Major Investors (finance.yahoo.com)
Shares of SEI Investments traded up $0.31, hitting $65.15, on Friday, Marketbeat.com reports. The company had a trading volume of 843,400 shares, compared to its average volume of 730,503. The stock has a market cap of $10.19 billion, a PE ratio of 28.08, a price-to-earnings-growth ratio of 1.72 and a beta of 1.28. The company has a quick ratio of 6.31, a current ratio of 6.43 and a debt-to-equity ratio of 0.01. SEI Investments has a twelve month low of $49.45 and a twelve month high of $78.35.
SEI Investments (NASDAQ:SEIC) last issued its quarterly earnings data on Wednesday, April 25th. The asset manager reported $0.86 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.76 by $0.10. The business had revenue of $405.60 million during the quarter, compared to analysts’ expectations of $408.10 million. SEI Investments had a return on equity of 29.07% and a net margin of 28.97%. The company’s revenue for the quarter was up 12.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.55 EPS. sell-side analysts anticipate that SEI Investments will post 3.13 earnings per share for the current fiscal year.
SEIC has been the topic of several research analyst reports. William Blair downgraded SEI Investments from an “outperform” rating to a “market perform” rating in a research note on Thursday, April 12th. Zacks Investment Research downgraded SEI Investments from a “hold” rating to a “sell” rating in a research note on Wednesday, April 11th. BidaskClub downgraded SEI Investments from a “strong-buy” rating to a “buy” rating in a research note on Thursday, April 12th. Oppenheimer reiterated a “buy” rating and set a $80.00 price target on shares of SEI Investments in a research note on Thursday, February 1st. Finally, Sandler O’Neill set a $81.00 price objective on SEI Investments and gave the company a “buy” rating in a report on Tuesday, April 10th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $75.00.
In related news, Director Carmen Romeo sold 5,400 shares of the company’s stock in a transaction dated Wednesday, March 7th. The stock was sold at an average price of $74.65, for a total value of $403,110.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP N Jeffrey Klauder purchased 3,637 shares of SEI Investments stock in a transaction that occurred on Tuesday, March 13th. The stock was acquired at an average cost of $23.86 per share, with a total value of $86,778.82. Following the acquisition, the executive vice president now directly owns 45,831 shares in the company, valued at approximately $1,093,527.66. The disclosure for this purchase can be found here. In the last three months, insiders sold 45,348 shares of company stock valued at $3,448,312. Insiders own 16.50% of the company’s stock.
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.