Today The Oppenheimer Holdings Equities Analysts Increase Earnings Estimates for SEI Investments Company (SEIC)

Today The Oppenheimer Holdings Equities Analysts Increase Earnings Estimates for SEI Investments Company (SEIC)

SEI Investments Company (NASDAQ:SEIC) – Equities research analysts at Oppenheimer Holdings increased their Q1 2017 earnings estimates for shares of SEI Investments Company in a report released on Sunday. Oppenheimer Holdings analyst G. Greene now forecasts that the firm will post earnings of $0.53 per share for the quarter, up from their prior estimate of $0.52.

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

SEI Investments Company (NASDAQ:SEIC) traded up 0.16% during midday trading on Wednesday, reaching $51.00. 220,363 shares of the company’s stock were exchanged. The company has a market cap of $8.16 billion, a price-to-earnings ratio of 25.76 and a beta of 1.45. The firm has a 50-day moving average price of $50.02 and a 200 day moving average price of $47.19. SEI Investments Company has a 52 week low of $32.01 and a 52 week high of $52.54.

The business 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 represents a dividend yield of 1.14%. This is a positive change from SEI Investments Company’s previous semiannual dividend of $0.26. The ex-dividend date of this dividend was Thursday, December 22nd. SEI Investments Company’s dividend payout ratio (DPR) is presently 28.43%.

In related news, insider Wayne Withrow sold 12,500 shares of the firm’s stock in a transaction on Tuesday, December 27th. The shares were sold at an average price of $49.93, for a total transaction of $624,125.00. Following the sale, the insider now directly owns 45,479 shares in the company, valued at $2,270,766.47. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Kevin Barr sold 3,925 shares of the firm’s stock in a transaction on Tuesday, December 13th. The stock was sold at an average price of $49.61, for a total transaction of $194,719.25. Following the sale, the insider now owns 48,059 shares in the company, valued at $2,384,206.99. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 115,007 shares of company stock worth $5,229,694. 17.10% of the stock is currently owned by company insiders.

Large investors have recently modified their holdings of the company. Pacer Advisors Inc. raised its stake in shares of SEI Investments Company by 7.6% in the second quarter. Pacer Advisors Inc. now owns 2,423 shares of the company’s stock worth $117,000 after buying an additional 172 shares during the last quarter. D.A. Davidson & CO. raised its stake in shares of SEI Investments Company by 55.0% in the third quarter. D.A. Davidson & CO. now owns 2,601 shares of the company’s stock worth $117,000 after buying an additional 923 shares during the last quarter. Mosaic Family Wealth LLC raised its stake in shares of SEI Investments Company by 12.9% in the third quarter. Mosaic Family Wealth LLC now owns 2,873 shares of the company’s stock worth $131,000 after buying an additional 328 shares during the last quarter. MSI Financial Services Inc raised its stake in shares of SEI Investments Company by 21.9% in the third quarter. MSI Financial Services Inc now owns 3,412 shares of the company’s stock worth $156,000 after buying an additional 614 shares during the last quarter. Finally, Zacks Investment Management bought a new stake in shares of SEI Investments Company during the second quarter worth approximately $207,000. Institutional investors and hedge funds own 70.31% of the company’s stock.

SEI Investments Company 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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