Analyst Expects SEI Investments Co. (NASDAQ: SEIC) To Make Big Moves

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Earlier, Yahoo Finance discussed this stock as it revealed SEI Reports Fourth-Quarter 2023 Financial Results.

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Stocks Info

As a NASDAQ listed company, SEIC falls under the Financial sector while operating within the Asset Management industry segment. At the end of the last regular session, the stock closed at $66.65 and fluctuated between $66.83 as its day high and $65.93 as its day low. The current market capitalization of SEI Investments Co. is $8.77B. A total of 0.6 million shares were traded on the day, compared to an average of 600.47K shares.

Insider Activity

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, SEIC has seen 0 BUY and 2 SELL insider trades, representing the acquisition of 0 and the disposition of 12,225 shares. Over the last 12 months, there were 22 BUYs and 31 SELLs from insiders. Insiders purchased 181,842 shares during that period but sold 658,312.

In the most recent transaction, WEST ALFRED P JR sold 4,700 shares of SEIC for 59.97 per share on Dec 04. After the transaction, the Executive Chairman now owns 8,030,834 company shares. In a previous transaction on Dec 01, WEST ALFRED P JR sold 29,343 shares at 59.78 per share. SEIC shares that Executive Chairman owns now total 8,029,315.

Among the insiders who sold shares, ROMEO CARMEN disposed of 5,000 shares on Dec 01 at a per-share price of $59.00. This resulted in the Director holding 1,589,352 shares of SEIC after the transaction. In another insider transaction, WEST ALFRED P JR sold 18,559 shares at $57.91 per share on Nov 22. Company shares held by the Executive Chairman now total 8,019,877.

Dividend

Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. SEI Investments Co. pays an annual dividend of $0.94, resulting in a dividend yield of 1.40%, and it has a price to earnings (P/E) ratio of 19.29. SEIC’s most recent ex-dividend date was 12/27/2023 when it declared a $0.46 quarterly dividend that was paid in cash on 1/9/2024. Previously, the company paid the dividend on 6/21/2023 with an ex-dividend date of 6/9/2023. The SEIC stock dividend was $0.43 per share in cash.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for SEIC in the last 3 months, the mean price target is $68.00 with high estimates of $73.00 and low estimates of $62.00. In terms of 52-week highs and lows, SEIC has a high of $66.37 and a low of $52.19.

As of this writing, SEIC has an earnings estimate of $0.95 per share for the current quarter. EPS was calculated based on a consensus of 6 estimates, with a high estimate of $0.99 per share and a lower estimate of $0.86.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. SEIC’s latest balance sheet shows that the firm has $859.67M in Cash & Short Term Investments as of fiscal 2021. There were $78.97M in debt and $355.74M in liabilities at the time. Its Book Value Per Share was $16.25, while its Total Shareholder’s Equity was $1.86B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for SEIC is Buy with a score of 3.17.

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