SEI Investments Company (SEIC) Releases Earnings Results, Misses Expectations By $-0.01 EPS

SEI Investments Company (SEIC) reported quarterly earnings results on Wednesday, Jul-27-2016. The company reported $0.49 earnings per share for the quarter, missing the analyst consensus estimate by $-0.01. Analysts had a consensus of $0.50. The company posted revenue of $343.83 million in the period, compared to analysts expectations of $346.47 million. The company’s revenue was up 1.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.51 EPS.

SEI Investments Company closed down -0.45 points or -0.98% at $45.26 with 14,83,713 shares getting traded on Thursday. Post opening the session at $45.19, the shares hit an intraday low of $44.0007 and an intraday high of $45.69 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

In a different news, on Jun 14, 2016, Sarah Blumenstein (director) sold 16,500 shares at $49.89 per share price. According to the SEC, 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.

SEI Investments Company

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