SEI Investments (SEIC) Projected to Post Earnings on Wednesday

SEI Investments (NASDAQ:SEIC) is expected to be releasing its earnings data after the market closes on Wednesday, January 29th. Analysts expect SEI Investments to post earnings of $1.21 per share and revenue of $556,165.80 billion for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

SEI Investments (NASDAQ:SEIC) last announced its quarterly earnings data on Wednesday, October 23rd. The asset manager reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.12. The business had revenue of $537.40 million during the quarter, compared to the consensus estimate of $534.08 million. SEI Investments had a net margin of 26.60% and a return on equity of 24.29%. The firm’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.87 earnings per share. On average, analysts expect SEI Investments to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

SEI Investments Price Performance

Shares of NASDAQ SEIC opened at $83.91 on Wednesday. The company has a market cap of $10.82 billion, a P/E ratio of 20.27, a PEG ratio of 1.42 and a beta of 0.98. SEI Investments has a 1 year low of $62.38 and a 1 year high of $87.25. The firm has a 50-day simple moving average of $82.50 and a two-hundred day simple moving average of $73.89.

SEI Investments Increases Dividend

The business also recently announced a semi-annual dividend, which was paid on Wednesday, January 8th. Stockholders of record on Friday, December 27th were given a dividend of $0.49 per share. The ex-dividend date of this dividend was Friday, December 27th. This is a positive change from SEI Investments’s previous semi-annual dividend of $0.46. This represents a dividend yield of 1.1%. SEI Investments’s dividend payout ratio (DPR) is 23.67%.

SEI Investments declared that its Board of Directors has approved a share buyback program on Tuesday, October 22nd that authorizes the company to buyback $400.00 million in outstanding shares. This buyback authorization authorizes the asset manager to repurchase up to 4.3% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board believes its stock is undervalued.

Analysts Set New Price Targets

Several equities analysts recently issued reports on SEIC shares. Keefe, Bruyette & Woods lifted their price objective on shares of SEI Investments from $76.00 to $86.00 and gave the company a “market perform” rating in a report on Friday, December 20th. Oppenheimer lifted their price objective on shares of SEI Investments from $85.00 to $94.00 and gave the company an “outperform” rating in a report on Tuesday, January 7th. Piper Sandler lifted their price objective on shares of SEI Investments from $77.00 to $87.00 and gave the company a “neutral” rating in a report on Monday, December 23rd. Finally, Morgan Stanley lifted their price objective on shares of SEI Investments from $75.00 to $80.00 and gave the company an “underweight” rating in a report on Friday, January 3rd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $86.75.

Insider Activity at SEI Investments

In other news, Director Carmen Romeo sold 5,000 shares of the business’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $79.64, for a total transaction of $398,200.00. Following the completion of the sale, the director now owns 1,577,652 shares of the company’s stock, valued at $125,644,205.28. The trade was a 0.32 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Chairman Alfred P. West, Jr. sold 94,158 shares of the business’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $85.73, for a total transaction of $8,072,165.34. Following the sale, the chairman now directly owns 7,284,964 shares of the company’s stock, valued at $624,539,963.72. This represents a 1.28 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 239,258 shares of company stock worth $19,753,402 over the last three months. Company insiders own 14.30% 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.