SEI Investments (NASDAQ:SEIC) Downgraded to Hold at StockNews.com

SEI Investments (NASDAQ:SEICGet Rating) was downgraded by research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Friday.

A number of other equities research analysts have also recently issued reports on SEIC. The Goldman Sachs Group lowered their price objective on SEI Investments to $58.00 in a research note on Friday. Keefe, Bruyette & Woods lowered their price objective on SEI Investments from $62.00 to $55.00 in a research note on Thursday, July 14th. Finally, Morgan Stanley lowered their price objective on SEI Investments from $55.00 to $52.00 and set an “underweight” rating on the stock in a research note on Thursday. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $60.40.

SEI Investments Price Performance

Shares of NASDAQ:SEIC opened at $54.39 on Friday. The company’s 50-day moving average is $54.86 and its 200 day moving average is $57.35. The company has a debt-to-equity ratio of 0.02, a quick ratio of 5.08 and a current ratio of 5.42. The company has a market capitalization of $7.47 billion, a P/E ratio of 13.04, a price-to-earnings-growth ratio of 1.24 and a beta of 1.03. SEI Investments has a fifty-two week low of $51.07 and a fifty-two week high of $65.22.

SEI Investments (NASDAQ:SEICGet Rating) last issued its quarterly earnings results on Wednesday, July 20th. The asset manager reported $0.81 earnings per share for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.02). The company had revenue of $481.67 million during the quarter, compared to analysts’ expectations of $472.18 million. SEI Investments had a return on equity of 30.81% and a net margin of 28.53%. SEI Investments’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same period last year, the firm posted $0.93 earnings per share. On average, equities research analysts forecast that SEI Investments will post 3.68 earnings per share for the current year.

SEI Investments declared that its board has authorized a stock buyback program on Wednesday, June 1st that authorizes the company to repurchase $200.00 million in outstanding shares. This repurchase authorization authorizes the asset manager to repurchase up to 2.5% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s management believes its shares are undervalued.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Boston Trust Walden Corp increased its position in shares of SEI Investments by 2.8% in the second quarter. Boston Trust Walden Corp now owns 1,171,434 shares of the asset manager’s stock worth $63,281,000 after purchasing an additional 32,104 shares during the last quarter. UMB Bank n.a. raised its stake in shares of SEI Investments by 2,657.3% during the second quarter. UMB Bank n.a. now owns 17,123 shares of the asset manager’s stock worth $925,000 after acquiring an additional 16,502 shares in the last quarter. Donald L. Hagan LLC lifted its holdings in shares of SEI Investments by 10.1% in the 2nd quarter. Donald L. Hagan LLC now owns 18,602 shares of the asset manager’s stock worth $1,005,000 after acquiring an additional 1,711 shares during the last quarter. River Road Asset Management LLC boosted its stake in shares of SEI Investments by 16.5% in the 2nd quarter. River Road Asset Management LLC now owns 211,240 shares of the asset manager’s stock valued at $11,411,000 after purchasing an additional 29,875 shares in the last quarter. Finally, Valley National Advisers Inc. grew its holdings in shares of SEI Investments by 1.0% during the 2nd quarter. Valley National Advisers Inc. now owns 19,014 shares of the asset manager’s stock valued at $1,037,000 after purchasing an additional 196 shares during the last quarter. 70.44% of the stock is currently owned by institutional investors.

About SEI Investments

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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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