Wall Street analysts forecast that SEI Investments (NASDAQ:SEIC) will report sales of $412.64 million for the current fiscal quarter, Zacks reports. Three analysts have made estimates for SEI Investments’ earnings. The lowest sales estimate is $409.71 million and the highest is $417.20 million. SEI Investments posted sales of $359.98 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 14.6%. The firm is expected to report its next quarterly earnings results on Wednesday, April 18th.

On average, analysts expect that SEI Investments will report full year sales of $412.64 million for the current year, with estimates ranging from $1.68 billion to $1.69 billion. For the next fiscal year, analysts forecast that the business will post sales of $1.78 billion per share, with estimates ranging from $1.75 billion to $1.82 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow SEI Investments.

SEI Investments (NASDAQ:SEIC) last posted its quarterly earnings results on Wednesday, January 31st. The asset manager reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.15. SEI Investments had a net margin of 26.49% and a return on equity of 26.74%. The company had revenue of $408.22 million for the quarter, compared to analyst estimates of $397.96 million. During the same quarter in the previous year, the firm posted $0.55 earnings per share. The company’s quarterly revenue was up 10.7% compared to the same quarter last year.

SEIC has been the topic of a number of analyst reports. Zacks Investment Research raised shares of SEI Investments from a “hold” rating to a “buy” rating and set a $72.00 target price on the stock in a report on Monday, October 30th. Mizuho reaffirmed a “buy” rating and set a $65.00 target price on shares of SEI Investments in a report on Friday, October 20th. BidaskClub lowered shares of SEI Investments from a “buy” rating to a “hold” rating in a report on Wednesday, January 31st. Finally, Oppenheimer reaffirmed a “buy” rating and set a $80.00 target price on shares of SEI Investments in a report on Thursday, February 1st. Three investment analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $73.50.

In other news, Director Sarah Blumenstein sold 5,000 shares of the stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $65.33, for a total value of $326,650.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Wayne Withrow sold 10,000 shares of the stock in a transaction on Tuesday, December 5th. The stock was sold at an average price of $70.35, for a total transaction of $703,500.00. The disclosure for this sale can be found here. Insiders sold a total of 58,750 shares of company stock worth $4,049,300 in the last three months. Insiders own 16.50% of the company’s stock.

Institutional investors have recently made changes to their positions in the company. Prudential Financial Inc. boosted its stake in shares of SEI Investments by 88.3% in the 3rd quarter. Prudential Financial Inc. now owns 509,716 shares of the asset manager’s stock valued at $31,123,000 after purchasing an additional 239,000 shares in the last quarter. Atlantic Trust Group LLC boosted its stake in shares of SEI Investments by 2.5% in the 3rd quarter. Atlantic Trust Group LLC now owns 70,010 shares of the asset manager’s stock valued at $4,275,000 after purchasing an additional 1,715 shares in the last quarter. American Capital Management Inc. boosted its stake in shares of SEI Investments by 0.5% in the 3rd quarter. American Capital Management Inc. now owns 849,780 shares of the asset manager’s stock valued at $51,888,000 after purchasing an additional 4,620 shares in the last quarter. Shell Asset Management Co. boosted its stake in shares of SEI Investments by 238.1% in the 3rd quarter. Shell Asset Management Co. now owns 22,578 shares of the asset manager’s stock valued at $816,000 after purchasing an additional 15,900 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its stake in shares of SEI Investments by 29.1% in the 3rd quarter. Wells Fargo & Company MN now owns 147,586 shares of the asset manager’s stock valued at $9,013,000 after purchasing an additional 33,283 shares in the last quarter. 70.03% of the stock is owned by institutional investors.

SEI Investments (NASDAQ:SEIC) traded up $1.55 during trading on Friday, reaching $70.37. 1,173,700 shares of the company were exchanged, compared to its average volume of 686,874. The company has a quick ratio of 4.07, a current ratio of 4.14 and a debt-to-equity ratio of 0.02. The company has a market cap of $11,052.95, a price-to-earnings ratio of 28.67, a PEG ratio of 1.81 and a beta of 1.30. SEI Investments has a twelve month low of $48.78 and a twelve month high of $77.49.

SEI Investments declared that its Board of Directors has approved a share buyback program on Wednesday, October 25th that authorizes the company to repurchase $200.00 million in outstanding shares. This repurchase authorization authorizes the asset manager to buy shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors believes its shares are undervalued.

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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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Earnings History and Estimates for SEI Investments (NASDAQ:SEIC)

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