William Blair lowered shares of SEI Investments (NASDAQ:SEIC) from an outperform rating to a market perform rating in a report published on Thursday morning, Marketbeat reports. William Blair also issued estimates for SEI Investments’ Q4 2018 earnings at $0.78 EPS, Q1 2019 earnings at $0.81 EPS, Q2 2019 earnings at $0.82 EPS, Q3 2019 earnings at $0.85 EPS, Q4 2019 earnings at $0.88 EPS and FY2019 earnings at $3.36 EPS.
SEIC has been the topic of several other research reports. Oppenheimer reiterated a buy rating and issued a $80.00 target price on shares of SEI Investments in a research note on Thursday, February 1st. Zacks Investment Research lowered SEI Investments from a hold rating to a sell rating in a research note on Wednesday, April 11th. BidaskClub lowered SEI Investments from a buy rating to a hold rating in a research note on Wednesday, January 31st. 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. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus target price of $75.00.
Shares of SEI Investments stock opened at $69.56 on Thursday. The firm has a market cap of $11,122.41, a PE ratio of 29.98, a PEG ratio of 1.86 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 12 month low of $49.45 and a 12 month high of $78.35.
SEI Investments (NASDAQ:SEIC) last announced its quarterly earnings results on Wednesday, January 31st. The asset manager reported $0.75 EPS for the quarter, beating the consensus estimate 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 return on equity of 26.74% and a net margin of 26.49%. The business’s revenue for the quarter was up 10.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.55 earnings per share. sell-side analysts predict that SEI Investments will post 3.16 earnings per share for the current year.
In other SEI Investments news, Director Carmen Romeo sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $74.17, for a total value of $1,112,550.00. Following the completion of the sale, the director now owns 1,600,952 shares of the company’s stock, valued at $118,742,609.84. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Paul Klauder sold 10,000 shares of the firm’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $73.52, for a total value 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. In the last three months, insiders sold 95,348 shares of company stock valued at $7,115,112. Corporate insiders own 16.50% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the business. Icon Wealth Partners LLC acquired a new stake in SEI Investments in the fourth quarter worth about $121,000. Woodard & Co. Asset Management Group Inc. ADV acquired a new stake in SEI Investments in the fourth quarter worth about $122,000. Gradient Investments LLC acquired a new stake in SEI Investments in the fourth quarter worth about $207,000. BLB&B Advisors LLC acquired a new stake in SEI Investments in the fourth quarter worth about $208,000. Finally, Two Sigma Securities LLC acquired a new stake in shares of SEI Investments during the fourth quarter worth about $212,000. 70.49% of the stock is owned by institutional investors and hedge funds.
WARNING: “SEI Investments (SEIC) Downgraded to “Market Perform” at William Blair” was first posted by Macon Daily and is the property of of Macon Daily. If you are accessing this news story on another site, it was stolen and republished in violation of United States and international copyright and trademark legislation. The legal version of this news story can be read at https://macondaily.com/2018/04/16/sei-investments-seic-downgraded-to-market-perform-at-william-blair.html.
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.
Receive News & Ratings for SEI Investments Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SEI Investments and related companies with MarketBeat.com's FREE daily email newsletter.