SEI Investments (NASDAQ:SEIC – Get Rating) – Oppenheimer equity research analysts lowered their second-quarter 2022 earnings estimates for SEI Investments shares in a research report released to clients and investors on Wednesday April 20. Oppenheimer analyst O. Lau now expects the asset manager to earn $0.88 per share for the quarter, down from his previous forecast of $0.92. Oppenheimer currently has an “outperform” rating and a price target of $70.00 on the stock. Oppenheimer also released estimates for SEI Investments Q3 2022 earnings at $0.90 EPS and Q4 2022 earnings at $0.93 EPS.
Several other equity research analysts have also recently commented on the company. StockNews.com began covering SEI Investments in a report on Thursday, March 31. They set a “buy” rating for the company. Goldman Sachs Group downgraded SEI Investments from a “buy” rating to a “neutral” rating and lowered its price target for the company from $67.00 to $65.00 in a Monday, March 28 report. Finally, Morgan Stanley lowered its price target on SEI Investments from $68.00 to $62.00 and set an “equal weight” rating for the company in a report released Thursday. Four analysts gave the stock a hold rating and two gave the stock a buy rating. Based on data from MarketBeat, SEI Investments currently has a consensus rating of “Hold” and a consensus target price of $66.00.
SEIC shares opened at $57.04 on Friday. The company has a market capitalization of $7.89 billion, a PE ratio of 14.93, a growth price-earnings ratio of 1.13 and a beta of 1.06. SEI Investments has a 52-week low of $54.03 and a 52-week high of $65.22. The company’s 50-day moving average price is $58.76 and its two-hundred-day moving average price is $60.52. The company has a debt ratio of 0.02, a quick ratio of 3.87 and a current ratio of 3.95.
SEI Investments (NASDAQ:SEIC – Get Rating) last released its quarterly results on Wednesday, April 20. The asset manager reported earnings per share (EPS) of $1.36 for the quarter, missing Thomson Reuters consensus estimate of $1.37 per ($0.01). SEI Investments generated a net margin of 28.49% and a return on equity of 29.81%. The company posted revenue of $581.44 million in the quarter, compared to analyst estimates of $560.41 million. During the same period last year, the company posted earnings per share of $0.89. SEI Investments’ quarterly revenues increased by 27.6% compared to the same quarter last year.
Institutional investors have recently changed their positions in the stock. FMR LLC increased its stake in SEI Investments by 19.9% in the 1st quarter. FMR LLC now owns 211,097 shares of the asset manager valued at $11,030,000 after purchasing an additional 35,067 shares during the period. First Trust Advisors LP bought a new position in SEI Investments in Q1 worth $1,155,000. Morgan Stanley increased its stake in SEI Investments by 5.2% in the second quarter. Morgan Stanley now owns 279,332 shares of the asset manager valued at $17,310,000 after purchasing an additional 13,842 shares during the period. Nordea Investment Management AB increased its position in shares of SEI Investments by 100.0% during the third quarter. Nordea Investment Management AB now owns 18,276 shares of the asset manager valued at $1,106,000 after buying an additional 9,138 shares in the last quarter. Finally, Asset Management One Co. Ltd. increased its position in SEI Investments shares by 3.8% during the third quarter. Asset Management One Co. Ltd. now owns 58,404 shares of the asset manager valued at $3,463,000 after purchasing an additional 2,114 shares in the last quarter. Institutional investors and hedge funds hold 69.63% of the company’s shares.
About SEI Investments (Get an assessment)
SEI Investments Company is a public asset management holding company. Through its subsidiaries, the Company provides its clients with wealth management, retirement and investment solutions, asset management, asset administration, investment processing outsourcing solutions , financial services and investment advice.
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