What’s in SEI Investments Company After Today’s Bullish Options Activity?

 What's in SEI Investments Company After Today's Bullish Options Activity?

In today’s session SEI Investments Company (SEIC) registered an unusually high (210) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the October, 2016 call, expecting serious SEIC increase. With 210 contracts traded and 424 open interest for the Oct, 16 contract, it seems this is a quite bullish bet. The option with symbol: SEIC161021C00045000 closed last at: $1.6 or 52.4% up. About 125,846 shares traded hands. SEI Investments Company (NASDAQ:SEIC) has risen 9.35% since March 15, 2016 and is uptrending. It has outperformed by 3.86% the S&P500.

Analysts await SEI Investments Company (NASDAQ:SEIC) to report earnings on October, 19. They expect $0.49 EPS, up 4.26% or $0.02 from last year’s $0.47 per share. SEIC’s profit will be $78.94M for 22.77 P/E if the $0.49 EPS becomes a reality. After $0.49 actual EPS reported by SEI Investments Company for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

SEI Investments Company (NASDAQ:SEIC) Ratings Coverage

Out of 5 analysts covering SEI Investments (NASDAQ:SEIC), 3 rate it a “Buy”, 1 “Sell”, while 1 “Hold”. This means 60% are positive. SEI Investments has been the topic of 10 analyst reports since July 23, 2015 according to StockzIntelligence Inc. Oppenheimer maintained it with “Outperform” rating and $52 target price in Thursday, January 28 report. Wood upgraded SEI Investments Company (NASDAQ:SEIC) rating on Wednesday, April 6. Wood has “Market Perform” rating and $45 price target. The rating was upgraded by Credit Agricole to “Outperform” on Thursday, August 27. The stock of SEI Investments Company (NASDAQ:SEIC) earned “Underperform” rating by Keefe Bruyette & Woods on Thursday, January 28. The firm has “Hold” rating given on Tuesday, September 1 by Zacks. The company was maintained on Thursday, July 23 by Oppenheimer. On Thursday, August 27 the stock rating was upgraded by CLSA to “Outperform”. The rating was maintained by Wood on Thursday, September 3 with “Market Perform”.

According to Zacks Investment Research, “SEI Investments is a leading global provider of asset management and investment technology solutions. The company’s innovative solutions help corporations, financial institutions, financial advisors, and affluent families create and manage wealth. They provides global investment solutions to institutions and individuals and business solutions to investment intermediaries. They serve corporations, banks, insurance companies, unions, foundations, endowments and individuals with a wide array of investment products and administration services. (Press Release)”

Insitutional Activity: The institutional sentiment decreased to 1.03 in 2016 Q2. Its down 0.04, from 1.07 in 2016Q1. The ratio turned negative, as 26 funds sold all SEI Investments Company shares owned while 117 reduced positions. 37 funds bought stakes while 110 increased positions. They now own 112.21 million shares or 1.94% less from 114.44 million shares in 2016Q1.
Next Fincl Group Inc holds 0.46% or 30,272 shares in its portfolio. Teacher Retirement Sys Of Texas accumulated 9,990 shares or 0% of the stock. Mitsubishi Ufj Trust & Corporation, a Japan-based fund reported 285,421 shares. Mckinley Capital Management Ltd Company Delaware accumulated 7,673 shares or 0.02% of the stock. Royal Natl Bank Of Canada holds 101,500 shares or 0% of its portfolio. Employees Retirement Association Of Colorado owns 350,132 shares or 0.14% of their US portfolio. Moreover, Rhumbline Advisers has 0.04% invested in SEI Investments Company (NASDAQ:SEIC) for 277,867 shares. Pnc Fincl Service Inc has 165,592 shares for 0.01% of their US portfolio. Stevens Mgmt Limited Partnership, a Pennsylvania-based fund reported 25,338 shares. Hahn Capital Management Limited Co holds 0% or 771,086 shares in its portfolio. Ngam Advsr Limited Partnership has 767,137 shares for 0.51% of their US portfolio. Logan Mgmt Incorporated accumulated 112,908 shares or 0.46% of the stock. Andra Ap last reported 67,200 shares in the company. Moreover, Aviva Public Limited Company has 0.02% invested in SEI Investments Company (NASDAQ:SEIC) for 74,938 shares. The Connecticut-based Bridgewater Associates L P has invested 0.02% in SEI Investments Company (NASDAQ:SEIC).

Insider Transactions: Since May 2, 2016, the stock had 0 insider buys, and 12 selling transactions for $14.22 million net activity. The insider Meyer Stephen sold 10,000 shares worth $491,200. $2.93M worth of SEI Investments Company (NASDAQ:SEIC) was sold by WEST ALFRED P JR. 16,500 shares with value of $823,185 were sold by BLUMENSTEIN SARAH on Friday, June 10. Shares for $1.26 million were sold by HEILIG KATHY. WITHROW WAYNE had sold 19,000 shares worth $971,982 on Thursday, May 26. Shares for $178,500 were sold by Barr Kevin on Tuesday, May 24. On Wednesday, May 25 Klauder N Jeffrey sold $255,800 worth of the stock or 5,000 shares.

SEI Investments Company is a provider of investment processing, investment management and investment activities solutions. The company has a market cap of $7.19 billion. The Firm enables firms, financial institutions, financial advisors and ultra-high-net-worth families to create and manage wealth by providing investment and investment-business solutions. It has a 23.37 P/E ratio. The Company’s divisions include Private Banks, Investment Advisors, Institutional Investors, Investment Managers and Investments in New Businesses.

SEIC Company Profile

SEI Investments Company (SEI), incorporated on November 18, 1968, is a well-known provider of investment processing, investment management and investment activities solutions. The Firm enables firms, financial institutions, financial advisors and ultra-high-net-worth families to create and manage wealth by providing investment and investment-business solutions. The Company’s divisions include 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, including retirement plan sponsors, not-for-profit organizations and individual investors, and investment activities outsourcing solutions for investment management firms, banks and investment companies that sponsor and distribute mutual funds, hedge funds and alternative investments.

Another recent and important SEI Investments Company (NASDAQ:SEIC) news was published by Twst.com which published an article titled: “SEI Investments Company: SEI to Announce Third-Quarter 2016 Earnings on …” on October 13, 2016.

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