The stock of SEI Investments Company (NASDAQ:SEIC) decreased by -$0.02 on Friday to finish at $61.84, down -0.03 percent. The last five days have seen an average of 471,080 shares of common stock traded. 9 times new highs were reached in the current year, with a gain of $3.54. The average number of shares traded over the last 20 days was 578,785, while the average volume over the last 50 days totaled 547,308.
SEIC stock dropped -0.42% since last month. On 07/12/23, the company’s shares reached a one-month low of $60.28. The stock touched a high of $64.69 on 02/03/23, after rallying from a low of $46.30 in 52 weeks. The price of SEIC stock has risen by 6.07% or $3.54 this year, reaching a new high 9 times. Still, the stock price is down -4.41% from the 52-week high.
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Insider Transactions
SEIC stock investors should be aware that SEI Investments Company (SEIC) stock had its last reported insider trading activity 17 days ago on Jul 28. On Jul 28, EVP and General Counsel Peterson Michael sold 10,000 shares at $63.20 each. This transaction resulted in the insider making $632,000. On Jul 27, WITHROW WAYNE sold 10,000 shares at a price of US$62.74. After the transaction, the insider now owns 55,399 shares. Chief Executive Officer Hicke Ryan had earlier sold 23 shares on Jun 28 for $58.68 a share. The transaction was completed for $1,363.
Valuation Metrics
SEI Investments Company (SEIC) has a trailing price-to-earnings (P/E) ratio of 20.91. Beta for the stock is 1.03. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 4.34, the price-to-book (PB) ratio of 4.06, and the price-to-cash flow ratio of 23.90.
Company paid $0.43 per share in dividends, remained unchanged from $0.43 last year. A $0.03 dividend increase was reported on Monday December 5 2022.
Financial Health
For the three months ended June 29, SEI Investments Company’s quick ratio was 5.30, while its current ratio was 5.30, indicating its ability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is 84.30% percent. SEI Investments Company’s operating margin stood at 19.10% for the same period. Based on annual data, it had gross profit of $475.75 million and revenue of $1.99 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. SEIC’s return on assets (ROA) during the last 12 months has been 17.20%. There was a 17.50% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 20.20%.
Earnings Surprise
According to SEI Investments Company’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $489.06 million, while revenues rose by 1.51% to $469.12 million. It was predicted that SEI Investments Company’s quarterly earnings would be $0.89, but it ended up being $0.86, beating the consensus by 3.50%. EBITDA was $131.01 million for the quarter. At the end of SEI Investments Company’s most recent quarter ended June 29, its total debt was $27.11 million. Equity owned by shareholders amounts to $132.36 million.
Technical Picture
Here’s a quick look at SEI Investments Company’s (SEIC) price momentum from a technical perspective. As of 11 August, the RSI 9-day stood at 45.31%, suggesting the stock is Neutral, with a 16.08% historical volatility rate.
The stochastic %K and %D were 22.63% and 26.92% respectively, while the average true range (ATR) was 0.94. Based on the 14-day stochastic reading of 24.35%, the RSI (14) reading is 50.07%. On the 9-day MACD Oscillator, the stock is at -0.30, and the 14-day reading is at -0.70.
Analyst Ratings
In its analyst report released on March 29, 2023, Piper Sandler began covering SEI Investments Company (NASDAQ: SEIC). The stock was rated as a Neutral by the brokerage firm. Analysts have assigned SEI Investments Company (SEIC) an Hold rating. SEIC is a stock that is recommended for selling by 1 brokerage firm, while 4 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 1 rate it overweight and 1 other recommend it as a buy.
What is SEIC’s price target for the next 12 months?
The current consensus forecast for the stock is between $65.00 and $71.00, with a median target price of $66.50. In analyzing these forecasts, the average price target given by analysts for SEI Investments Company (SEIC) is $67.25.
