SEI Investments Company (NASDAQ:SEIC) saw an upside of 0.54% to close Friday at $61.24 after adding $0.33 on the day. The 5-day average trading volume is 447,000 shares of the company’s common stock. It has gained $61.98 in the past week and touched a new high 1 time within the past 5 days. An average of 547,705 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 541,926.
SEIC’s 1-month performance is -4.43% or -$1.68 on its low of $60.54 reached on 08/18/23. The company’s shares have touched a 52-week low of $46.30 and high of $64.69, with the stock’s rally to the 52-week high happening on 02/03/23. YTD, SEIC has achieved 5.04% or $2.94 and has reached a new high 9 times. However, the current price is down -5.33% from the 52-week high price.
Insider Transactions
SEIC stock investors last saw insider trading activity on Jul 28.Peterson Michael (EVP and General Counsel) most recently sold 10,000 shares at $63.20 per share on Jul 28. This transaction cost the insider $632,000. Executive Vice President, WITHROW WAYNE, sold 10,000 shares at a price of $62.74 on Jul 27. Then, on Jun 28, Chief Executive Officer Hicke Ryan sold 23 shares at a price of $58.68 per share. This transaction amounted to $1,363.
Valuation Metrics
SEIC stock has a beta of 1.02. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 4.27 while the price-to-book (PB) in the most recent quarter is 4.02, with the price to cash flow ratio at 23.53.
SEI Investments Company’s quick ratio for the period ended June 29 was 5.30, with the current ratio over the same period at 5.30. In terms of profitability, the gross margin trailing 12 months is 84.30%. The firm’s gross profit as reported stood at $475.75 million against revenue of $1.99 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 6.37% to $118.85 million, while revenue of $107.02 million was 9.95% off the previous quarter. Analysts expected SEIC to announce $0.86 per share in earnings in its latest quarter, but it posted $0.89, representing a 3.50% surprise. EBITDA for the quarter stood at more than $131.01 million. Shareholders hold equity totaling $132.36 million.
Let’s look briefly at SEI Investments Company (SEIC) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 18 August was 42.36% to suggest the stock is trending Neutral, with historical volatility in this time period at 12.81%.
The stock’s 5-day moving average is $61.18, reflecting a -0.97% or -$0.60 change from its current price. SEIC is currently trading -4.12% above its 20-day SMA, +10.40% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +3.78% and SMA200 by+12.78%.
Stochastic %K and %D was 13.31% and 10.67% and the average true range (ATR) pointed at 0.85. The RSI (14) points at 46.48%, while the 14-day stochastic is at 26.72% with the period’s ATR at 0.89. The stock’s 9-day MACD Oscillator is pointing at -0.45 and -0.75 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for SEI Investments Company (NASDAQ: SEIC), Piper Sandler launched coverage with a Neutral rating. Analysts offering their rating for SEIC stock have a consensus rating for the stock as Hold. Currently, 1 brokerage advisors rate SEIC as a “sell,”, while 4 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 1 have offered a “buy” rating.
What is SEIC’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $65.00 and a high of $71.00, with their median price target at $66.50. Looking at these predictions, the average price target given by analysts is for SEI Investments Company (SEIC) stock is $67.25.
