SEI Investments Company (NASDAQ:SEIC):
SEI Teams Up With Leading Blockchain Company to Create New Standard for UK Asset Transfers.
The company is unchanged from yesterday’s close of 58.69.
SEI Investments Company declared a dividend for shareholders paid on Friday June 16th, 2017. The dividend was $0.140 per share for the quarter which comes to $0.56 on an annualized basis. This dividend represents a yield of $0.97. The ex-dividend date was set for Monday the 5th of June 2017.
SEI Investments Company, launched on November 18, 1968, provides investment processing, investment management and investment operations solutions. The Company provides its solutions to financial institutions, financial advisors, institutional investors, investment managers and ultra-high-net-worth families in the United States, Canada, the United Kingdom, continental Europe and various other locations around the world. The Business’s segments are Private Banks, Investment Advisors, Institutional Investors, Investment Managers and Investments in New Businesses. The Business’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 advisors and other financial services firms, and investment management solutions for institutional investors, including retirement plan sponsors, not-for-profit organizations and individual investors. Its investment management business solutions also include investment operations outsourcing solutions for investment management firms, banks and investment companies that sponsor and distribute mutual funds, hedge funds and alternative investments..
Shares last traded at $58.69 which is slightly above the 50 day moving average of $56.76 and which is just a bit higher than the 200 day moving average of $53.36. The 50 day moving average went up by +3.41% and the 200 day average was up $5.33.
The most current P/E ratio is 26.91 and the market cap of the company is 9.28B. In the latest earnings report the EPS was $2.18 and is expected to be $2.28 for the current year with 158,107,000 shares now outstanding. Next quarter’s EPS is expected be $0.59 with next year’s EPS projected to be $2.67.
Investors are feeling more bearish lately at least if you consider the rise in short interest. The stock had a rise in short interest from August 15, 2017 to August 31, 2017 of 14.56%. Short shares grew 246,543 over that period. The short-interest ratio decreased to 5.0 and the short interest percentage is 0.01% as of August 31.
A few brokerage analysts have issued ratings on SEIC. Equity analyst Mizuho began coverage with a rating of “Buy”.