Headlines about SEI Investments (NASDAQ:SEIC) have trended somewhat positive this week, according to Accern Sentiment Analysis. The research group rates the sentiment of news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. SEI Investments earned a news impact score of 0.12 on Accern’s scale. Accern also gave media coverage about the asset manager an impact score of 45.4414037697345 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the news articles that may have effected Accern Sentiment Analysis’s rankings:
- 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)
SEIC has been the subject of a number of research analyst reports. Zacks Investment Research cut shares of SEI Investments from a “buy” rating to a “hold” rating in a research report on Tuesday, December 26th. Oppenheimer restated a “buy” rating and set a $80.00 price objective on shares of SEI Investments in a research report on Thursday, February 1st. BidaskClub cut shares of SEI Investments from a “buy” rating to a “hold” rating in a research report on Wednesday, January 31st. Finally, Mizuho restated a “buy” rating and set a $72.00 price objective on shares of SEI Investments in a research report on Friday, November 17th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $73.50.
SEI Investments (NASDAQ:SEIC) last released its earnings results on Wednesday, January 31st. The asset manager reported $0.75 earnings per share (EPS) for the quarter, topping the Zacks’ 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 business had revenue of $408.22 million during the quarter, compared to analyst estimates of $397.96 million. During the same quarter in the prior year, the firm earned $0.55 earnings per share. The company’s revenue for the quarter was up 10.7% compared to the same quarter last year. equities analysts expect that SEI Investments will post 3.24 EPS for the current fiscal year.
In related news, insider Stephen Meyer sold 20,424 shares of the company’s stock in a transaction dated Monday, March 12th. The shares were sold at an average price of $77.44, for a total value of $1,581,634.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Paul Klauder sold 10,000 shares of the company’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $73.52, for a total transaction of $735,200.00. Following the completion of the sale, the executive vice president now directly owns 24,129 shares of the company’s stock, valued at approximately $1,773,964.08. The disclosure for this sale can be found here. Insiders have sold 90,824 shares of company stock valued at $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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