Brokerages predict that SEI Investments (NASDAQ:SEIC) will report $416.76 million in sales for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for SEI Investments’ earnings, with estimates ranging from $410.00 million to $422.97 million. SEI Investments posted sales of $408.68 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 2%. The business is expected to announce its next earnings results on Tuesday, October 22nd.
On average, analysts expect that SEI Investments will report full year sales of $1.65 billion for the current year, with estimates ranging from $1.63 billion to $1.67 billion. For the next fiscal year, analysts anticipate that the business will report sales of $1.74 billion, with estimates ranging from $1.69 billion to $1.81 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that follow SEI Investments.
SEI Investments (NASDAQ:SEIC) last announced its quarterly earnings results on Wednesday, July 24th. The asset manager reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.03. The company had revenue of $409.60 million for the quarter, compared to the consensus estimate of $412.28 million. SEI Investments had a return on equity of 29.86% and a net margin of 29.85%. The firm’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same period last year, the firm earned $0.75 EPS.
SEIC traded down $1.44 during midday trading on Wednesday, hitting $55.38. 328,039 shares of the company were exchanged, compared to its average volume of 480,543. The company’s 50 day simple moving average is $57.33 and its 200 day simple moving average is $54.18. The firm has a market capitalization of $8.60 billion, a price-to-earnings ratio of 17.64, a price-to-earnings-growth ratio of 1.47 and a beta of 1.31. The company has a current ratio of 5.78, a quick ratio of 5.61 and a debt-to-equity ratio of 0.02. SEI Investments has a 1-year low of $42.27 and a 1-year high of $64.21.
In other news, Director Kathryn Mccarthy sold 9,500 shares of the stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $60.90, for a total transaction of $578,550.00. Following the sale, the director now directly owns 75,200 shares of the company’s stock, valued at approximately $4,579,680. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Dennis Mcgonigle sold 19,722 shares of the stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $58.19, for a total transaction of $1,147,623.18. Following the sale, the insider now directly owns 587,262 shares in the company, valued at $34,172,775.78. The disclosure for this sale can be found here. Over the last three months, insiders have sold 34,222 shares of company stock worth $2,017,423. Corporate insiders own 22.60% of the company’s stock.
Hedge funds have recently bought and sold shares of the company. Cullen Frost Bankers Inc. purchased a new position in SEI Investments in the 2nd quarter valued at about $35,000. Machina Capital S.A.S. acquired a new stake in SEI Investments in the 2nd quarter valued at about $48,000. Flagship Harbor Advisors LLC raised its holdings in SEI Investments by 28.6% in the 2nd quarter. Flagship Harbor Advisors LLC now owns 900 shares of the asset manager’s stock valued at $50,000 after acquiring an additional 200 shares during the last quarter. Global Retirement Partners LLC raised its holdings in SEI Investments by 73.0% in the 1st quarter. Global Retirement Partners LLC now owns 1,322 shares of the asset manager’s stock valued at $69,000 after acquiring an additional 558 shares during the last quarter. Finally, SRS Capital Advisors Inc. acquired a new stake in SEI Investments in the 2nd quarter valued at about $92,000. 69.77% of the stock is currently owned by institutional investors and hedge funds.
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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