Stock analysts expect SEI Investments (NASDAQ:SEIC – Get Rating) to post earnings per share (EPS) of $0.90 for the current fiscal quarter, Zacks reports. Five analysts made earnings estimates for SEI Investments. The lowest EPS estimate is $0.84 and the highest is $0.97. SEI Investments posted earnings of $0.93 per share in the same quarter last year, indicating a negative 3.2% year-over-year growth rate. The company is due to announce its next quarterly earnings report on Monday, January 1.
On average, analysts expect SEI Investments to report annual earnings of $4.07 per share for the current fiscal year, with EPS estimates ranging from $3.96 to $4.17. For the next fiscal year, analysts expect the company to post earnings of $4.00 per share, with EPS estimates ranging from $3.75 to $4.25. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts who track SEI Investments.
SEI Investments (NASDAQ:SEIC – Get Rating) last released its results on Wednesday, April 20. The asset manager reported earnings per share (EPS) of $1.36 for the quarter, hitting the consensus estimate of $1.36. SEI Investments generated a net margin of 29.72% and a return on equity of 32.49%. The company posted revenue of $581.44 million in the quarter, versus analyst estimates of $560.41 million. In the same quarter a year earlier, the company posted EPS of $0.89. The company’s revenues increased by 27.6% compared to the same quarter last year.
Several analysts have recently released reports on the stock. Goldman Sachs Group downgraded shares of SEI Investments from a “buy” rating to a “neutral” rating and reduced its target price for the stock from $67.00 to $65.00 in a research note from the Monday, March 28 th. StockNews.com began covering SEI Investments shares in a report on Thursday, March 31. They issued a “buy” rating on the stock. Zacks Investment Research downgraded shares of SEI Investments from a “buy” rating to a “hold” rating and set a price target of $60.00 for the stock. in a report on Friday, April 22. Finally, Morgan Stanley cut its price target on SEI Investments shares from $68.00 to $62.00 and set an “equal weight” rating on the stock in a Thursday, April 21 report. Five analysts gave the stock a hold rating and two gave the company a buy rating. According to MarketBeat.com, SEI Investments currently has a consensus rating of “Hold” and an average price target of $64.80.
A number of hedge funds and other institutional investors have recently increased or reduced their stakes in the company. O Shaughnessy Asset Management LLC increased its position in SEI Investments shares by 305.4% during the third quarter. O Shaughnessy Asset Management LLC now owns 604 shares of the asset manager valued at $36,000 after purchasing an additional 455 shares during the period. Hazlett Burt & Watson Inc. purchased a new stake in shares of SEI Investments during the first quarter valued at approximately $36,000. Trust Co. of Vermont bought a new stake in shares of SEI Investments during the fourth quarter valued at approximately $40,000. Artemis Wealth Advisors LLC purchased a new stake in shares of SEI Investments during the first quarter, valued at approximately $40,000. Finally, Harbor Investment Advisory LLC purchased a new stake in shares of SEI Investments during the fourth quarter valued at approximately $49,000. 70.44% of the shares are currently held by institutional investors and hedge funds.
NASDAQ SEIC shares traded at $1.11 during Monday’s trading, hitting $58.45. The stock had trading volume of 13,022 shares, compared to an average volume of 694,288. SEI Investments has a 12-month low of $52.84 and a 12-month high of $65.22. The company has a debt ratio of 0.02, a current ratio of 5.19 and a quick ratio of 5.08. The company has a market capitalization of $8.02 billion, a PE ratio of 13.62, a PEG ratio of 1.20 and a beta of 1.04. The company has a fifty-day moving average of $57.57 and a two-hundred-day moving average of $59.36.
Company Profile SEI Investments (Get a rating)
SEI Investments Company is a public asset management holding company. Through its subsidiaries, the Company provides its clients with wealth management, retirement and investment solutions, asset management, asset administration, investment processing outsourcing solutions , financial services and investment advice.
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