SEI Investments (NASDAQ:SEIC – Get Free Report) issued its quarterly earnings data on Wednesday. The asset manager reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.01, Briefing.com reports. SEI Investments had a return on equity of 22.91% and a net margin of 24.80%. The company had revenue of $511.58 million for the quarter, compared to analysts’ expectations of $510.41 million. During the same period in the previous year, the firm posted $0.79 earnings per share. The firm’s revenue for the quarter was up 9.1% on a year-over-year basis.
SEI Investments Stock Performance
SEIC opened at $66.57 on Friday. The stock has a market cap of $8.76 billion, a price-to-earnings ratio of 18.19, a P/E/G ratio of 1.34 and a beta of 1.02. SEI Investments has a one year low of $52.19 and a one year high of $72.54. The stock’s 50 day moving average price is $68.58 and its 200-day moving average price is $63.41.
Insider Activity at SEI Investments
In related news, EVP Wayne Withrow sold 16,970 shares of the firm’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $66.16, for a total value of $1,122,735.20. Following the transaction, the executive vice president now directly owns 55,399 shares of the company’s stock, valued at approximately $3,665,197.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, insider Mark Andrew Warner sold 3,000 shares of the firm’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $67.31, for a total value of $201,930.00. Following the transaction, the insider now directly owns 1,300 shares of the company’s stock, valued at approximately $87,503. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Wayne Withrow sold 16,970 shares of the firm’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $66.16, for a total transaction of $1,122,735.20. Following the completion of the transaction, the executive vice president now directly owns 55,399 shares in the company, valued at $3,665,197.84. The disclosure for this sale can be found here. In the last three months, insiders have sold 206,333 shares of company stock valued at $14,481,612. 15.50% of the stock is owned by corporate insiders.
Analyst Ratings Changes
Get Our Latest Stock Analysis on SEIC
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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