News coverage about SEI Investments (NASDAQ:SEIC) has trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm ranks the sentiment of news coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. SEI Investments earned a coverage optimism score of 0.19 on Accern’s scale. Accern also gave media stories about the asset manager an impact score of 46.0564422811872 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the headlines that may have impacted Accern Sentiment Analysis’s analysis:
- SEI Investments (SEIC) Insider Sells $1,581,634.56 in Stock (americanbankingnews.com)
- Demand for More Personalized Advice Prompts Financial Advisors to Shift Towards Coplanning Model, SEI Research Shows (finance.yahoo.com)
- Investor Ideas Adds New TSX, CSE, Nasdaq #Blockchain Stocks (TSX: $HUT.V), (TSX: $IMEX.V), (CSE: $JOB.C), (NasdaqGS: $SEIC) (menafn.com)
- Should You Be Tempted To Sell SEI Investments Co (NASDAQ:SEIC) At Its Current PE Ratio? (finance.yahoo.com)
- SEI Investments (SEIC) Director Sells $403,110.00 in Stock (americanbankingnews.com)
Several analysts have issued reports on SEIC shares. Zacks Investment Research downgraded SEI Investments from a “buy” rating to a “hold” rating in a research report on Tuesday, December 26th. Oppenheimer reiterated a “buy” rating and set a $80.00 price target on shares of SEI Investments in a report on Thursday, February 1st. BidaskClub cut SEI Investments from a “buy” rating to a “hold” rating in a report on Wednesday, January 31st. Finally, Mizuho reiterated a “buy” rating and set a $72.00 price target on shares of SEI Investments in a report on Friday, November 17th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. SEI Investments currently has a consensus rating of “Buy” and an average price target of $73.50.
SEI Investments (NASDAQ:SEIC) last issued its quarterly earnings data on Wednesday, January 31st. The asset manager reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.15. SEI Investments had a net margin of 26.49% and a return on equity of 26.74%. The company had revenue of $408.22 million for the quarter, compared to analysts’ expectations of $397.96 million. During the same quarter in the previous year, the firm posted $0.55 earnings per share. SEI Investments’s revenue for the quarter was up 10.7% on a year-over-year basis. equities research analysts anticipate that SEI Investments will post 3.24 EPS for the current year.
In other news, Director Carmen Romeo sold 15,000 shares of the stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $74.17, for a total transaction of $1,112,550.00. Following the transaction, the director now owns 1,600,952 shares of the company’s stock, valued at approximately $118,742,609.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Stephen Meyer sold 20,424 shares of the stock in a transaction dated Monday, March 12th. The stock was sold at an average price of $77.44, for a total transaction of $1,581,634.56. The disclosure for this sale can be found here. Insiders have sold 90,824 shares of company stock worth $6,764,095 in the last ninety days. 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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