The VP & Controller of SEI Investments Company (NASDAQ: SEIC) is Buying Shares

By Carrie Williams

Today, the VP & Controller of SEI Investments Company (NASDAQ: SEIC), Kathy Heilig, bought shares of SEIC for $393.7K.

This recent transaction increases Kathy Heilig’s holding in the company by 872.55% to a total of $146.2K. Following Kathy Heilig’s last SEIC Buy transaction on March 07, 2017, the stock climbed by 26.9%.

Based on SEI Investments Company’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $408 million and quarterly net profit of $122 million. In comparison, last year the company earned revenue of $369 million and had a net profit of $88.61 million. The company has a one-year high of $78 and a one-year low of $49.26. SEIC’s market cap is $12.15B and the company has a P/E ratio of 30.93.

Eight different firms, including GARP Research and KBW, currently also have a Buy rating on the stock. Starting in January 2018, SEIC received 4 Buy ratings in a row. Based on 4 analyst ratings, the analyst consensus is Strong Buy with an average price target of $83.25, reflecting a -6.5% downside.

In the last 30 days, insiders have sold $18.08M worth of SEIC shares and purchased $6.44M worth of SEIC shares. The insider sentiment on SEI Investments Company has been neutral according to 88 insider trades in the past three months. This sentiment is higher than the average sentiment of company insiders in this sector.

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SEI Investments Co. engages in the provision of investment processing, investment management, and investment operations platforms. It operates through the following business segments: Private Banks, Investment Advisors, Institutional Investors, Investment Managers, and Investments in New Businesses.