Equities research analysts expect SEI Investments (NASDAQ:SEIC – Get Rating) to report $488.08 million in sales for the current quarter, Zacks reports. Five analysts have provided estimates for SEI Investments’ earnings. The lowest sales estimate is $474.46 million and the highest is $496.92 million. SEI Investments posted sales of $475.65 million during the same quarter last year, which suggests a positive year over year growth rate of 2.6%. The firm is expected to report its next earnings results on Monday, January 1st.
On average, analysts expect that SEI Investments will report full-year sales of $2.04 billion for the current fiscal year, with estimates ranging from $1.92 billion to $2.09 billion. For the next fiscal year, analysts forecast that the company will report sales of $2.05 billion, with estimates ranging from $2.00 billion to $2.08 billion. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for SEI Investments.
SEI Investments (NASDAQ:SEIC – Get Rating) last released its quarterly earnings results on Wednesday, April 20th. The asset manager reported $1.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.01). The firm had revenue of $581.44 million for the quarter, compared to analyst estimates of $560.41 million. SEI Investments had a net margin of 29.72% and a return on equity of 32.49%. The firm’s revenue was up 27.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.89 EPS.
A number of analysts have weighed in on SEIC shares. Oppenheimer reduced their price target on shares of SEI Investments from $75.00 to $70.00 and set an “outperform” rating for the company in a report on Thursday, January 27th. Zacks Investment Research cut shares of SEI Investments from a “buy” rating to a “hold” rating and set a $60.00 target price for the company. in a research report on Friday, April 22nd. Morgan Stanley dropped their target price on shares of SEI Investments from $68.00 to $62.00 and set an “equal weight” rating for the company in a research report on Thursday, April 21st. The Goldman Sachs Group lowered shares of SEI Investments from a “buy” rating to a “neutral” rating and reduced their target price for the company from $67.00 to $65.00 in a research note on Monday, March 28th. Finally, StockNews.com initiated coverage on shares of SEI Investments in a research note on Thursday, March 31st. They set a “buy” rating on the stock. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, SEI Investments presently has a consensus rating of “Hold” and an average target price of $64.80.
Institutional investors and hedge funds have recently modified their holdings of the stock. O Shaughnessy Asset Management LLC increased its holdings in SEI Investments by 305.4% during the third quarter. O Shaughnessy Asset Management LLC now owns 604 shares of the asset manager’s stock worth $36,000 after buying an additional 455 shares during the last quarter. Hazlett Burt & Watson Inc. acquired a new position in SEI Investments during the first quarter worth $36,000. Trust Co. of Vermont acquired a new position in SEI Investments during the fourth quarter worth $40,000. Artemis Wealth Advisors LLC acquired a new position in SEI Investments during the first quarter worth $40,000. Finally, Harbor Investment Advisory LLC acquired a new position in SEI Investments during the fourth quarter worth $49,000. Institutional investors and hedge funds own 70.44% of the company’s stock.
SEIC stock opened at $54.67 on Wednesday. The company has a quick ratio of 5.08, a current ratio of 5.19 and a debt-to-equity ratio of 0.02. The firm has a 50 day moving average of $58.15 and a two-hundred day moving average of $60.13. The company has a market capitalization of $7.50 billion, a price-to-earnings ratio of 12.74, a P/E/G ratio of 1.14 and a beta of 1.04. SEI Investments has a 12 month low of $53.90 and a 12 month high of $65.22.
About SEI Investments (Get Rating)
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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