Equities research analysts forecast that SEI Investments (NASDAQ:SEIC) will announce $412.86 million in sales for the current quarter, according to Zacks. Three analysts have issued estimates for SEI Investments’ earnings. The lowest sales estimate is $411.87 million and the highest is $414.00 million. SEI Investments reported sales of $404.83 million in the same quarter last year, which would suggest a positive year over year growth rate of 2%. The business is expected to report its next earnings results on Thursday, July 18th.
According to Zacks, analysts expect that SEI Investments will report full-year sales of $1.66 billion for the current financial year, with estimates ranging from $1.65 billion to $1.67 billion. For the next financial year, analysts forecast that the company will report sales of $1.75 billion, with estimates ranging from $1.72 billion to $1.80 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that that provide coverage for SEI Investments.
SEI Investments (NASDAQ:SEIC) last posted its quarterly earnings results on Wednesday, April 24th. The asset manager reported $0.73 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.76 by ($0.03). SEI Investments had a return on equity of 29.76% and a net margin of 29.64%. The company had revenue of $400.82 million during the quarter, compared to analysts’ expectations of $404.82 million. During the same period in the prior year, the business earned $0.86 EPS. The company’s quarterly revenue was down 1.2% on a year-over-year basis.
In other news, Director Sarah Blumenstein sold 5,000 shares of the firm’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $51.96, for a total value of $259,800.00. Following the sale, the director now directly owns 10,681 shares in the company, valued at approximately $554,984.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 22.60% of the stock is currently owned by company insiders.
Large investors have recently added to or reduced their stakes in the company. Xact Kapitalforvaltning AB raised its position in SEI Investments by 24.4% during the 2nd quarter. Xact Kapitalforvaltning AB now owns 17,737 shares of the asset manager’s stock worth $995,000 after buying an additional 3,477 shares during the last quarter. Sepio Capital LLC raised its position in SEI Investments by 6.8% during the 1st quarter. Sepio Capital LLC now owns 72,132 shares of the asset manager’s stock worth $3,769,000 after buying an additional 4,616 shares during the last quarter. First Trust Advisors LP purchased a new position in SEI Investments during the 1st quarter worth approximately $1,155,000. FMR LLC raised its position in SEI Investments by 19.9% during the 1st quarter. FMR LLC now owns 211,097 shares of the asset manager’s stock worth $11,030,000 after buying an additional 35,067 shares during the last quarter. Finally, Nordea Investment Management AB raised its position in SEI Investments by 3.4% during the 1st quarter. Nordea Investment Management AB now owns 493,201 shares of the asset manager’s stock worth $25,771,000 after buying an additional 16,243 shares during the last quarter. Institutional investors and hedge funds own 68.75% of the company’s stock.
SEI Investments stock traded up $0.78 during midday trading on Friday, hitting $56.88. 484,185 shares of the company’s stock were exchanged, compared to its average volume of 523,107. The company has a current ratio of 5.86, a quick ratio of 5.68 and a debt-to-equity ratio of 0.03. SEI Investments has a 12 month low of $42.27 and a 12 month high of $64.90. The business’s 50-day moving average price is $54.09. The firm has a market cap of $8.56 billion, a P/E ratio of 18.11, a PEG ratio of 1.47 and a beta of 1.27.
The company also recently declared a quarterly dividend, which was paid on Thursday, June 20th. Stockholders of record on Wednesday, June 12th were issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.32%. The ex-dividend date was Tuesday, June 11th. SEI Investments’s dividend payout ratio is currently 21.02%.
About SEI Investments
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.
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