In yesterday’s Wall Street session, SEI Investments Co (NASDAQ:SEIC) shares traded at $83.48, up 0.63% from the previous session.
SEIC stock price is now 1.66% away from the 50-day moving average and 16.91% away from the 200-day moving average. The market capitalization of the company currently stands at $10.76B.
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With the price target of $60, Piper Sandler recently initiated with Neutral rating for SEI Investments Co (NASDAQ: SEIC). , while ‘Morgan Stanley’ rates the stock as ‘Underweight’
In other news, WEST ALFRED P JR, Executive Chairman sold 94,158 shares of the company’s stock on Dec 13 ’24. The stock was sold for $8,071,864 at an average price of $85.73. Upon completion of the transaction, the Executive Chairman now directly owns 7,284,964 shares in the company, valued at $608.15 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 16 ’24, Executive Chairman WEST ALFRED P JR sold 52,042 shares of the business’s stock. A total of $4,435,616 was realized by selling the stock at an average price of $85.23. This leaves the insider owning 7,232,922 shares of the company worth $603.8 million. A total of 24.49% of the company’s stock is owned by insiders.
During the past 12 months, SEI Investments Co has had a low of $62.34 and a high of $87.25. According to the stock market information, the enterprise value for the company is $9862444032, which is based on a 20.15 price-to-earnings ratio, a 1.68 price-to-earnings-growth ratio, and a beta of 0.98. The fifty day moving average price for SEIC is $82.119 and a two-hundred day moving average price translates $71.40555 for the stock.
The latest earnings results from SEI Investments Co (NASDAQ: SEIC) was released for 2024-09-30. The net profit margin was 26.56% and return on equity was 24.61% for SEIC. The company reported revenue of $537.4 million for the quarter, compared to $476.76 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 12.72 percent.
