Q1 2017 EPS Estimates for SEI Investments Company Cut by Oppenheimer Holdings (SEIC)

Q1 2017 EPS Estimates for SEI Investments Company Cut by Oppenheimer Holdings (SEIC)

SEI Investments Company (NASDAQ:SEIC) – Oppenheimer Holdings reduced their Q1 2017 earnings estimates for shares of SEI Investments Company in a research report issued to clients and investors on Wednesday. Oppenheimer Holdings analyst G. Greene now forecasts that the firm will post earnings per share of $0.52 for the quarter, down from their previous forecast of $0.53. Oppenheimer Holdings also issued estimates for SEI Investments Company’s Q3 2017 earnings at $0.59 EPS and FY2017 earnings at $2.28 EPS.

Separately, Zacks Investment Research raised SEI Investments Company from a “hold” rating to a “buy” rating and set a $57.00 target price on the stock in a report on Tuesday, January 10th.

Shares of SEI Investments Company (NASDAQ:SEIC) opened at 49.05 on Monday. The company has a 50-day moving average price of $50.04 and a 200-day moving average price of $47.24. The company has a market cap of $7.80 billion, a P/E ratio of 24.16 and a beta of 1.45. SEI Investments Company has a 12-month low of $32.01 and a 12-month high of $52.54.

SEI Investments Company (NASDAQ:SEIC) last released its quarterly earnings data on Wednesday, January 25th. The company reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.04. The business earned $368.80 million during the quarter, compared to the consensus estimate of $362.34 million. SEI Investments Company had a return on equity of 25.53% and a net margin of 23.82%. The firm’s revenue was up 10.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.48 earnings per share.

The company also recently disclosed a semiannual dividend, which was paid on Friday, January 6th. Investors of record on Tuesday, December 27th were issued a dividend of $0.28 per share. This is an increase from SEI Investments Company’s previous semiannual dividend of $0.26. The ex-dividend date was Thursday, December 22nd. This represents a dividend yield of 1.14%. SEI Investments Company’s dividend payout ratio (DPR) is 27.45%.

In other SEI Investments Company news, major shareholder Alfred P. West, Jr. sold 64,822 shares of SEI Investments Company stock in a transaction dated 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 of the company’s stock, valued at approximately $508,274,828.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Kevin Barr sold 3,925 shares of SEI Investments Company stock in a transaction dated Tuesday, December 13th. The stock was sold at an average price of $49.61, for a total value of $194,719.25. Following the transaction, the insider now directly owns 48,059 shares in the company, valued at $2,384,206.99. The disclosure for this sale can be found here. In the last three months, insiders have sold 115,007 shares of company stock worth $5,229,694. 17.10% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Loomis Sayles & Co. L P increased its position in shares of SEI Investments Company by 7.1% in the second quarter. Loomis Sayles & Co. L P now owns 12,835,153 shares of the company’s stock valued at $617,499,000 after buying an additional 847,646 shares during the last quarter. State Street Corp increased its position in shares of SEI Investments Company by 5.3% in the second quarter. State Street Corp now owns 5,873,445 shares of the company’s stock valued at $282,569,000 after buying an additional 294,819 shares during the last quarter. BlackRock Fund Advisors increased its position in shares of SEI Investments Company by 4.7% in the third quarter. BlackRock Fund Advisors now owns 5,169,089 shares of the company’s stock valued at $235,762,000 after buying an additional 232,935 shares during the last quarter. BlackRock Institutional Trust Company N.A. increased its position in shares of SEI Investments Company by 4.8% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 4,468,819 shares of the company’s stock valued at $214,995,000 after buying an additional 204,973 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of SEI Investments Company by 2.4% in the third quarter. Bank of New York Mellon Corp now owns 2,379,280 shares of the company’s stock valued at $108,518,000 after buying an additional 55,426 shares during the last quarter. 70.31% of the stock is currently owned by hedge funds and other institutional investors.

About SEI Investments Company

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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