Oppenheimer analyst Glenn Greene assigned a Buy rating to SEI Investments Company (NASDAQ: SEIC) yesterday and set a price target of $53. The company’s shares closed yesterday at $45.09.
According to TipRanks.com, Greene is a top 25 analyst with an average return of 19.1% and a 78.9% success rate. Greene covers the Technology sector, focusing on stocks such as Black Knight Financial Services, Automatic Data Processing, and Jack Henry & Associates.
SEI Investments Company has an analyst consensus of Moderate Buy, with a price target consensus of $53.
Based on SEI Investments Company’s latest earnings report from June 30, the company posted quarterly revenue of $343.8M and quarterly net profit of $81.01M. In comparison, last year the company earned revenue of $335.6M and had a net profit of $79.43M.
Based on the recent corporate insider activity of 49 insiders, corporate insider sentiment is negative on the stock. Most recently, in June 2016, Sarah Blumenstein, a a Director at SEIC sold 16,500 shares for a total of $823,185.
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.
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