SEI Investments (NASDAQ:SEIC – Get Rating) – William Blair issued their Q3 2022 earnings per share estimates for shares of SEI Investments in a report released on Monday, July 25th. William Blair analyst J. Schmitt forecasts that the asset manager will earn $0.81 per share for the quarter. William Blair currently has a “Mkt Perform” rating on the stock. The consensus estimate for SEI Investments’ current full-year earnings is $3.68 per share. William Blair also issued estimates for SEI Investments’ Q4 2022 earnings at $0.86 EPS and FY2022 earnings at $3.85 EPS.
Several other brokerages also recently weighed in on SEIC. The Goldman Sachs Group decreased their target price on SEI Investments to $58.00 in a research note on Friday, July 22nd. Morgan Stanley decreased their target price on SEI Investments from $55.00 to $52.00 and set an “underweight” rating for the company in a research note on Thursday, July 21st. Piper Sandler cut their price target on SEI Investments to $61.00 and set an “outperform” rating for the company in a report on Wednesday. StockNews.com cut SEI Investments from a “buy” rating to a “hold” rating in a report on Friday, July 22nd. Finally, Keefe, Bruyette & Woods cut their price target on SEI Investments from $62.00 to $55.00 in a report on Thursday, July 14th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, SEI Investments has a consensus rating of “Hold” and a consensus target price of $60.50.
SEI Investments Price Performance
Shares of NASDAQ:SEIC opened at $54.43 on Thursday. The business has a 50 day moving average price of $54.77 and a 200 day moving average price of $57.19. SEI Investments has a twelve month low of $51.07 and a twelve month high of $65.22. The company has a market cap of $7.47 billion, a price-to-earnings ratio of 12.84, a PEG ratio of 1.23 and a beta of 1.03. The company has a quick ratio of 5.30, a current ratio of 5.42 and a debt-to-equity ratio of 0.02.
SEI Investments (NASDAQ:SEIC – Get Rating) last released its quarterly earnings results on Wednesday, July 20th. The asset manager reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.83 by ($0.02). SEI Investments had a return on equity of 30.81% and a net margin of 28.53%. The company had revenue of $481.67 million for the quarter, compared to the consensus estimate of $472.18 million. During the same quarter last year, the company posted $0.93 EPS. The business’s revenue was up 1.3% compared to the same quarter last year.
Institutional Investors Weigh In On SEI Investments
A number of large investors have recently bought and sold shares of SEIC. Hazlett Burt & Watson Inc. bought a new position in SEI Investments in the 1st quarter valued at $36,000. Artemis Wealth Advisors LLC bought a new position in SEI Investments in the 1st quarter valued at $40,000. Quadrant Capital Group LLC boosted its position in SEI Investments by 104.6% in the 1st quarter. Quadrant Capital Group LLC now owns 843 shares of the asset manager’s stock valued at $51,000 after buying an additional 431 shares during the last quarter. Signaturefd LLC boosted its position in SEI Investments by 34.4% in the 4th quarter. Signaturefd LLC now owns 851 shares of the asset manager’s stock valued at $52,000 after buying an additional 218 shares during the last quarter. Finally, UMB Bank N A MO bought a new position in SEI Investments in the 4th quarter valued at $52,000. 70.44% of the stock is currently owned by institutional investors.
SEI Investments declared that its board has initiated a stock buyback program on Wednesday, June 1st that authorizes the company to repurchase $200.00 million in outstanding shares. This repurchase authorization authorizes the asset manager to repurchase up to 2.5% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.
SEI Investments Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 22nd. Investors of record on Monday, June 13th were given a dividend of $0.40 per share. The ex-dividend date was Friday, June 10th. This is a positive change from SEI Investments’s previous quarterly dividend of $0.37. This represents a $1.60 dividend on an annualized basis and a yield of 2.94%. SEI Investments’s dividend payout ratio is 19.18%.
SEI Investments Company Profile
SEI Investments Company 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.