The William Blair Comments on SEI Investments Co.’s FY2018 Earnings (SEIC)

The William Blair Comments on SEI Investments Co.’s FY2018 Earnings (SEIC)

SEI Investments Co. (NASDAQ:SEIC) – Research analysts at William Blair issued their FY2018 earnings estimates for shares of SEI Investments in a research note issued to investors on Tuesday. William Blair analyst C. Shutler forecasts that the brokerage will earn $2.52 per share for the year.

SEI Investments (NASDAQ:SEIC) last announced its earnings results on Thursday, October 20th. The company reported $0.53 EPS for the quarter, topping the consensus estimate of $0.49 by $0.04. The business had revenue of $354.60 million for the quarter, compared to the consensus estimate of $353.82 million. SEI Investments had a return on equity of 25.02% and a net margin of 23.87%. SEI Investments’s revenue was up 5.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.47 EPS.

Separately, Zacks Investment Research cut shares of SEI Investments from a “hold” rating to a “sell” rating in a report on Wednesday, October 5th.

Shares of SEI Investments (NASDAQ:SEIC) traded up 0.38% on Thursday, hitting $50.23. The stock had a trading volume of 404,441 shares. The firm has a market capitalization of $8.04 billion, a P/E ratio of 25.37 and a beta of 1.45. SEI Investments has a 12-month low of $32.01 and a 12-month high of $52.54. The company has a 50 day moving average of $49.85 and a 200-day moving average of $47.18.

Several hedge funds and other institutional investors have recently made changes to their positions in SEIC. Pacer Advisors Inc. boosted its position in shares of SEI Investments by 7.6% in the second quarter. Pacer Advisors Inc. now owns 2,423 shares of the company’s stock valued at $117,000 after buying an additional 172 shares in the last quarter. D.A. Davidson & CO. boosted its position in shares of SEI Investments by 55.0% in the third quarter. D.A. Davidson & CO. now owns 2,601 shares of the company’s stock valued at $117,000 after buying an additional 923 shares in the last quarter. Mosaic Family Wealth LLC boosted its position in shares of SEI Investments by 12.9% in the third quarter. Mosaic Family Wealth LLC now owns 2,873 shares of the company’s stock valued at $131,000 after buying an additional 328 shares in the last quarter. MSI Financial Services Inc boosted its position in shares of SEI Investments by 21.9% in the third quarter. MSI Financial Services Inc now owns 3,412 shares of the company’s stock valued at $156,000 after buying an additional 614 shares in the last quarter. Finally, Zacks Investment Management acquired a new position in shares of SEI Investments during the second quarter valued at approximately $207,000. 70.12% of the stock is currently owned by institutional investors.

In other news, major shareholder Alfred P. West, Jr. sold 4,760 shares of the firm’s stock in a transaction that occurred on Tuesday, November 8th. The shares were sold at an average price of $44.51, for a total transaction of $211,867.60. Following the transaction, the insider now directly owns 1,372,282 shares of the company’s stock, valued at $61,080,271.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Alfred P. West, Jr. sold 64,822 shares of the firm’s stock in a transaction that occurred on Monday, November 7th. The stock was sold at an average price of $44.48, for a total transaction of $2,883,282.56. Following the transaction, the insider now directly owns 11,427,042 shares in the company, valued at $508,274,828.16. The disclosure for this sale can be found here. Insiders have sold 115,007 shares of company stock worth $5,229,694 over the last ninety days. Insiders own 17.10% of the company’s stock.

The firm also recently announced a semiannual dividend, which was paid on Friday, January 6th. Stockholders of record on Tuesday, December 27th were issued a dividend of $0.28 per share. The ex-dividend date of this dividend was Thursday, December 22nd. This is a boost from SEI Investments’s previous semiannual dividend of $0.26. This represents a dividend yield of 1.14%. SEI Investments’s dividend payout ratio (DPR) is currently 28.43%.

SEI Investments Company Profile

SEI Investments Company (SEI) is a provider of investment processing, investment management and investment operations solutions. The Company enables corporations, financial institutions, financial advisors and ultra-high-net-worth families to create and manage wealth by providing investment and investment-business solutions.

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