Somewhat Positive Media Coverage Somewhat Unlikely to Affect SEI Investments (SEIC) Share Price
News headlines about SEI Investments (NASDAQ:SEIC) have been trending somewhat positive on Thursday, Accern Sentiment Analysis reports. The research firm ranks the sentiment of news coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. SEI Investments earned a news impact score of 0.10 on Accern’s scale. Accern also gave media stories about the asset manager an impact score of 45.5343502969657 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the media stories that may have impacted Accern’s analysis:
- Stocks Communicate Overbought Condition: SEI Investments Co. (SEIC) – Wallstreet Investorplace (wallstreetinvestorplace.com)
- SEI Investments Co. : SEIC-US: Dividend Analysis : December 27th, 2017 (record date) : By the numbers : December 27, 2017 (finance.yahoo.com)
- SEI Investments (SEIC) Lowered to “Hold” at Zacks Investment Research (americanbankingnews.com)
- Ex-Dividend Reminder: Vail Resorts, SEI Investments and Retail Properties of America (nasdaq.com)
SEIC has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $58.00 price target on shares of SEI Investments in a report on Sunday, September 3rd. Zacks Investment Research downgraded SEI Investments from a “buy” rating to a “hold” rating in a report on Wednesday, September 6th. Oppenheimer increased their price target on SEI Investments from $60.00 to $67.00 and gave the stock an “outperform” rating in a report on Thursday, September 28th. Finally, Mizuho reiterated a “buy” rating and set a $65.00 price target on shares of SEI Investments in a report on Friday, October 20th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $67.25.
SEI Investments (NASDAQ:SEIC) last issued its earnings results on Wednesday, October 25th. The asset manager reported $0.63 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.06. The company had revenue of $368.02 million during the quarter, compared to the consensus estimate of $384.43 million. SEI Investments had a return on equity of 27.12% and a net margin of 24.94%. The firm’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same period last year, the business posted $0.53 EPS. analysts forecast that SEI Investments will post 2.35 earnings per share for the current fiscal year.
SEI Investments announced that its Board of Directors has approved a stock buyback plan on Wednesday, October 25th that permits the company to repurchase $200.00 million in shares. This repurchase authorization permits the asset manager to repurchase shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.
The company also recently announced a semiannual dividend, which will be paid on Monday, January 8th. Stockholders of record on Wednesday, December 27th will be paid a $0.30 dividend. The ex-dividend date is Tuesday, December 26th. This is an increase from SEI Investments’s previous semiannual dividend of $0.28. This represents a dividend yield of 0.85%. SEI Investments’s dividend payout ratio (DPR) is currently 24.45%.
In other news, insider N Jeffrey Klauder sold 10,000 shares of the firm’s stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $64.77, for a total value of $647,700.00. Following the completion of the sale, the insider now directly owns 51,042 shares in the company, valued at approximately $3,305,990.34. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, major shareholder Alfred P. West, Jr. sold 50,000 shares of the firm’s stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $64.64, for a total transaction of $3,232,000.00. Following the completion of the transaction, the insider now directly owns 10,619,272 shares in the company, valued at approximately $686,429,742.08. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 136,250 shares of company stock valued at $9,057,050. 16.50% of the stock is currently owned by company insiders.
About SEI Investments
SEI Investments Company provides investment processing, investment management and investment operations solutions. The Company provides its solutions to financial institutions, financial advisors, institutional investors, investment managers and ultra-high-net-worth families in the United States, Canada, the United Kingdom, continental Europe and various other locations around the world.
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