November 29, 2016 - By Adrian Mccoy · 0 Comments
Sei Investments Co (NASDAQ:SEIC) institutional sentiment decreased to 0.95 in 2016 Q2. Its down -0.08, from 1.03 in 2016Q1. The ratio turned negative, as 147 investment managers opened new and increased holdings, while 143 cut down and sold equity positions in Sei Investments Co. The investment managers in our partner’s database now possess: 112.21 million shares, down from 114.44 million shares in 2016Q1. Also, the number of investment managers holding Sei Investments Co in their top 10 holdings increased from 5 to 7 for an increase of 2. Sold All: 26 Reduced: 117 Increased: 110 New Position: 37.
SEI Investments Company is a provider of investment processing, investment management and investment activities solutions. The company has a market cap of $7.52 billion. The Firm enables firms, financial institutions, financial advisors and ultra-high-net-worth families to create and manage wealth by providing investment and investment-business solutions. It has a 24.24 P/E ratio. The Company’s divisions include Private Banks, Investment Advisors, Institutional Investors, Investment Managers and Investments in New Businesses.
About 330,766 shares traded hands. SEI Investments Company (NASDAQ:SEIC) has declined 2.41% since April 26, 2016 and is downtrending. It has underperformed by 7.67% the S&P500.
Analysts await SEI Investments Company (NASDAQ:SEIC) to report earnings on January, 25. They expect $0.50 earnings per share, up 4.17% or $0.02 from last year’s $0.48 per share. SEIC’s profit will be $78.78M for 23.87 P/E if the $0.50 EPS becomes a reality. After $0.53 actual earnings per share reported by SEI Investments Company for the previous quarter, Wall Street now forecasts -5.66% negative EPS growth.
According to Zacks Investment Research, “SEI Investments is a leading global provider of asset management and investment technology solutions. The company’s innovative solutions help corporations, financial institutions, financial advisors, and affluent families create and manage wealth. They provides global investment solutions to institutions and individuals and business solutions to investment intermediaries. They serve corporations, banks, insurance companies, unions, foundations, endowments and individuals with a wide array of investment products and administration services. (Press Release)”
Junto Capital Management Lp holds 5.72% of its portfolio in SEI Investments Company for 760,994 shares. Dudley & Shanley Llc owns 478,100 shares or 5.25% of their US portfolio. Moreover, Goodnow Investment Group Llc has 3.73% invested in the company for 332,585 shares. The Connecticut-based Chilton Investment Co Llc has invested 3.72% in the stock. Df Dent & Co Inc, a Maryland-based fund reported 2.62 million shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 0 insider buys, and 7 sales for $9.60 million net activity.
Ratings analysis reveals 60% of SEI Investments’s analysts are positive. Out of 5 Wall Street analysts rating SEI Investments, 3 give it “Buy”, 1 “Sell” rating, while 1 recommend “Hold”. The lowest target is $45 while the high is $57. The stock’s average target of $49 is 2.66% above today’s ($47.73) share price. SEIC was included in 10 notes of analysts from July 23, 2015. The stock of SEI Investments Company (NASDAQ:SEIC) has “Outperform” rating given on Thursday, August 27 by CLSA. The firm has “Outperform” rating given on Thursday, July 23 by Oppenheimer. Wood upgraded the stock to “Market Perform” rating in Wednesday, April 6 report. The stock has “Hold” rating given by Zacks on Tuesday, September 1. Wood maintained the stock with “Market Perform” rating in Thursday, September 3 report. Oppenheimer maintained SEI Investments Company (NASDAQ:SEIC) rating on Thursday, January 28. Oppenheimer has “Outperform” rating and $52 price target. The firm has “Outperform” rating given on Thursday, August 27 by Credit Agricole. The rating was downgraded by Keefe Bruyette & Woods on Thursday, January 28 to “Underperform”.
SEI Investments Company (SEI), incorporated on November 18, 1968, is a well-known provider of investment processing, investment management and investment activities solutions. The Firm enables firms, financial institutions, financial advisors and ultra-high-net-worth families to create and manage wealth by providing investment and investment-business solutions. The Company’s divisions include Private Banks, Investment Advisors, Institutional Investors, Investment Managers and Investments in New Businesses. The Company’s investment management business solutions include investment processing outsourcing solutions for providers of institutional and private-client wealth management services, including banks, trust companies, independent wealth advisers and other financial services firms; investment management solutions for institutional investors, including retirement plan sponsors, not-for-profit organizations and individual investors, and investment activities outsourcing solutions for investment management firms, banks and investment companies that sponsor and distribute mutual funds, hedge funds and alternative investments.
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By Adrian Mccoy