BidaskClub upgraded shares of SEI Investments (NASDAQ:SEIC) from a buy rating to a strong-buy rating in a report released on Thursday morning, BidAskClub reports.

A number of other analysts have also recently issued reports on the stock. ValuEngine upgraded shares of SEI Investments from a sell rating to a hold rating in a research note on Tuesday, June 11th. Zacks Investment Research cut shares of SEI Investments from a buy rating to a hold rating and set a $63.00 target price for the company. in a research note on Tuesday, June 11th. Five analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. SEI Investments presently has an average rating of Hold and an average price target of $61.50.

Shares of SEIC traded down $0.13 during midday trading on Thursday, reaching $60.61. The stock had a trading volume of 33,800 shares, compared to its average volume of 298,555. The firm has a 50 day simple moving average of $57.77 and a 200-day simple moving average of $54.82. SEI Investments has a one year low of $42.27 and a one year high of $64.21. The firm has a market cap of $9.06 billion, a PE ratio of 19.32, a P/E/G ratio of 1.55 and a beta of 1.32. 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 (NASDAQ:SEIC) last announced its quarterly earnings data on Wednesday, July 24th. The asset manager reported $0.82 EPS for the quarter, beating analysts’ consensus estimates of $0.79 by $0.03. SEI Investments had a net margin of 29.85% and a return on equity of 29.86%. The company had revenue of $409.60 million during the quarter, compared to the consensus estimate of $412.28 million. The company’s quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.75 EPS. As a group, research analysts forecast that SEI Investments will post 3.22 EPS for the current fiscal year.

In other news, insider Dennis Mcgonigle sold 19,722 shares of the firm’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $58.19, for a total transaction of $1,147,623.18. Following the completion of the sale, the insider now owns 587,262 shares in the company, valued at approximately $34,172,775.78. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Sarah Blumenstein sold 5,000 shares of the firm’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $58.25, for a total transaction of $291,250.00. Following the sale, the director now owns 10,681 shares of the company’s stock, valued at approximately $622,168.25. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 34,222 shares of company stock valued at $2,017,423. 22.60% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently modified their holdings of the business. BlackRock Inc. raised its stake in SEI Investments by 1.2% in the 2nd quarter. BlackRock Inc. now owns 13,950,907 shares of the asset manager’s stock worth $782,645,000 after purchasing an additional 165,595 shares in the last quarter. Atlanta Capital Management Co. L L C raised its stake in SEI Investments by 0.8% in the 2nd quarter. Atlanta Capital Management Co. L L C now owns 5,624,150 shares of the asset manager’s stock worth $315,515,000 after purchasing an additional 45,892 shares in the last quarter. Bank of America Corp DE raised its stake in SEI Investments by 4.1% in the 2nd quarter. Bank of America Corp DE now owns 4,364,268 shares of the asset manager’s stock worth $244,834,000 after purchasing an additional 172,443 shares in the last quarter. Citadel Advisors LLC raised its stake in SEI Investments by 249.1% in the 2nd quarter. Citadel Advisors LLC now owns 1,928,938 shares of the asset manager’s stock worth $108,214,000 after purchasing an additional 1,376,469 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in SEI Investments by 19.1% in the 4th quarter. Geode Capital Management LLC now owns 1,770,128 shares of the asset manager’s stock worth $81,741,000 after purchasing an additional 283,678 shares in the last quarter. Institutional investors and hedge funds own 69.33% of the company’s stock.

SEI Investments Company Profile

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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