Keefe Bruyette & Woods Maintains SEI Investments Company to Market Perform with Price Target $47.00

Brokerage firm Keefe Bruyette & Woods Maintains its rating on SEI Investments Company(NASDAQ:SEIC). In a research note issued to the investors, the brokerage major Lowers the price-target to $47.00 per share. The shares have been rated Market Perform. The rating by Keefe Bruyette & Woods was issued on Jul 28, 2016.

SEI Investments Company (SEIC) remained unchanged at the close of Thursday session. Even as the volume increased to 2,92,831 ,the shares failed to make any impression and ended at 0 points or 0.00% at $45.7. The trading session commenced at $45.62 and the stock hit a high of $45.92 and touched $45.39 at the lower end. Considering that the stock pared all of the losses, it can be said as a positive sign. The share price has a 52-week high of $55.48 and the 52-week low is $32.01. The company has a market cap of $7,373 M and has approximately 16,13,26,160 outstanding shares.

SEI Investments Company(SEIC) last announced its earnings results on Jul 27, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $343.83M. Analysts had an estimated revenue of $346.92M. Earnings per share were $0.49. Analysts had estimated an EPS of $0.50.

Several Insider Transactions has been reported to the SEC. On Jun 14, 2016, Sarah Blumenstein (director) sold 16,500 shares at $49.89 per share price.Also, On Jun 7, 2016, Kathy Heilig (Chief Accounting Officer) sold 25,000 shares at $50.25 per share price.On May 31, 2016, Wayne Withrow (EXECUTIVE VICE PRESIDENT) sold 19,000 shares at $51.08 per share price, according to the Form-4 filing with the securities and exchange commission.

SEI Investments Company is a provider of investment processing investment management and investment operations solutions. The Company enables corporations financial institutions financial advisors and ultra-high-net-worth families create and manage wealth by providing investment and investment-business solutions. The Company operates in five segments: Private Banks Investment Advisors Institutional Investors Investment Managers and Investments in New Businesses. The Company’s investment management business solutions include investment processing outsourcing solutions for providers of institutional and private-client wealth management services including banks trust companies independent wealth advisers and other financial services firms; investment management solutions for institutional investors and individual investors and investment operations outsourcing solutions for investment management firms banks and investment companies.

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