Today, the EVP of SEI Investments Company (NASDAQ: SEIC), Kevin Barr, sold shares of SEIC for $7,896.
Following Kevin Barr’s last SEIC Sell transaction on January 29, 2016, the stock climbed by 3.6%. This is Barr’s first Sell trade following 3 Buy transactions.
Based on SEI Investments Company`s latest earnings report from December 31, the company posted quarterly revenue of $335.4M and quarterly net profit of $81.38M. In comparison, last year the company earned revenue of $322.8M and had a net profit of $77.1M. The company has a one year high of $55.21 and a one year low of $32.01. SEIC’s market cap is $7.03B and the company has a P/E ratio of 21.84%.
Looking at blogger coverage of SEIC, there is a 100% Bearish tendency on the stock, in relation to a 76% average bullish tendency within the Financial sector.
In the last 30 days, insiders have sold $2.03M worth of SEIC shares and purchased $5,566 worth of SEIC shares. Over the last 3 months, the insider sentiment on SEI Investments Company has been negative based on 56 corporate insider transactions. This sentiment is lower than the average sector sentiment of insiders.
SEI Investments Co. provides investment processing, investment management, and investment operations solutions that help corporations, financial institutions, financial advisors, and ultra-high-net-worth families create and manage wealth. The company operates its business through five segments: Private Banks, Investment Advisors, Institutional Investors, Investment Managers and Investments in New Businesses. The Private Banks segment provides investment processing and investment management programs to banks and trust institutions, independent wealth advisers located in the United Kingdom, and financial advisors in Canada. The Investment Advisors segment provides investment management programs to affluent investors through a network of independent registered investment advisors, financial planners, and other investment professionals in the U.S. The Institutional Investors segment provides investment management programs and administrative outsourcing solutions to retirement plan sponsors, hospitals, and not-for-profit organizations. The Investment Managers segment provides investment processing, fund processing, and operational outsourcing solutions to investment managers, fund companies and banking institutions located in the U.S., and to investment managers of alternative asset classes such as hedge funds, funds of hedge funds, and private equity funds across both registered and partnership structures. The Investments in New Businesses segment provides investment management programs to ultra-high-net-worth families residing in the U.S. through the company’s SEI Wealth Network Business unit. SEI Investments was founded by Alfred P. West, Jr. in 1968 and is headquartered in Oaks, PA.