Equities research analysts expect SEI Investments (NASDAQ:SEIC) to report earnings of $0.75 per share for the current quarter, Zacks reports. Three analysts have made estimates for SEI Investments’ earnings, with the lowest EPS estimate coming in at $0.74 and the highest estimate coming in at $0.76. SEI Investments posted earnings per share of $0.57 during the same quarter last year, which suggests a positive year-over-year growth rate of 31.6%. The company is scheduled to announce its next earnings results on Wednesday, July 25th.
On average, analysts expect that SEI Investments will report full year earnings of $3.14 per share for the current year, with EPS estimates ranging from $3.11 to $3.19. For the next year, analysts forecast that the firm will post earnings of $3.31 per share, with EPS estimates ranging from $3.20 to $3.45. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side analysts that that provide coverage for SEI Investments.
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SEI Investments (NASDAQ:SEIC) last issued its quarterly earnings results on Wednesday, April 25th. The asset manager reported $0.86 EPS for the quarter, topping the Zacks’ consensus estimate of $0.76 by $0.10. The business had revenue of $405.60 million for the quarter, compared to analyst estimates of $408.10 million. SEI Investments had a return on equity of 29.07% and a net margin of 28.97%. SEI Investments’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same period last year, the company posted $0.55 earnings per share.
A number of analysts recently commented on SEIC shares. William Blair lowered SEI Investments from an “outperform” rating to a “market perform” rating in a report on Thursday, April 12th. Zacks Investment Research lowered SEI Investments from a “hold” rating to a “sell” rating in a report on Wednesday, April 11th. BidaskClub lowered SEI Investments from a “strong-buy” rating to a “buy” rating in a research note on Thursday, April 12th. Finally, Sandler O’Neill set a $81.00 target price on SEI Investments and gave the company a “buy” rating in a research note on Tuesday, April 10th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. SEI Investments currently has a consensus rating of “Buy” and a consensus price target of $72.40.
SEI Investments traded down $0.29, reaching $63.85, during mid-day trading on Wednesday, MarketBeat Ratings reports. 639,900 shares of the company’s stock were exchanged, compared to its average volume of 700,992. The firm has a market capitalization of $10.18 billion, a P/E ratio of 27.52, a price-to-earnings-growth ratio of 1.71 and a beta of 1.24. SEI Investments has a one year low of $52.59 and a one year high of $78.35. The company has a current ratio of 6.43, a quick ratio of 6.31 and a debt-to-equity ratio of 0.01.
The company also recently announced a semiannual dividend, which was paid on Friday, June 22nd. Shareholders of record on Thursday, June 14th were paid a $0.30 dividend. The ex-dividend date was Wednesday, June 13th. This represents a dividend yield of 0.94%. SEI Investments’s payout ratio is presently 25.86%.
SEI Investments announced that its Board of Directors has initiated a stock buyback plan on Wednesday, May 30th that permits the company to repurchase $200.00 million in outstanding shares. This repurchase authorization permits the asset manager to purchase up to 1.9% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board of directors believes its stock is undervalued.
In other SEI Investments news, insider Joseph P. Ujobai sold 20,000 shares of the business’s stock in a transaction on Tuesday, June 12th. The stock was sold at an average price of $66.52, for a total value of $1,330,400.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 17.30% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the company. OLD Mutual Customised Solutions Proprietary Ltd. grew its position in shares of SEI Investments by 73.5% in the fourth quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 5,900 shares of the asset manager’s stock valued at $424,000 after purchasing an additional 2,500 shares in the last quarter. Amundi Pioneer Asset Management Inc. purchased a new position in shares of SEI Investments in the fourth quarter valued at $2,941,000. LPL Financial LLC grew its position in shares of SEI Investments by 11.8% in the fourth quarter. LPL Financial LLC now owns 27,624 shares of the asset manager’s stock valued at $1,985,000 after purchasing an additional 2,916 shares in the last quarter. Envestnet Asset Management Inc. grew its position in shares of SEI Investments by 9.1% in the fourth quarter. Envestnet Asset Management Inc. now owns 80,246 shares of the asset manager’s stock valued at $5,767,000 after purchasing an additional 6,662 shares in the last quarter. Finally, MML Investors Services LLC purchased a new position in shares of SEI Investments in the fourth quarter valued at $411,000. Institutional investors own 70.02% of the company’s stock.
SEI Investments Company Profile
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.
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