SEI Investments Company (SEIC) Hits New Lifetime High

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer.

Trade-Ideas LLC identified SEI Investments Company ( SEIC) as a new lifetime high candidate. In addition to specific proprietary factors, Trade-Ideas identified SEI Investments Company as such a stock due to the following factors:

  • SEIC has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $30.1 million.
  • SEIC has traded 6,413 shares today.
  • SEIC is trading at a new lifetime high.

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More details on SEIC:

SEI Investments Co. is a publicly owned investment manager. The firm provides wealth management and investment advisory services to its clients through its subsidiaries. The stock currently has a dividend yield of 1%. SEIC has a PE ratio of 24. Currently there are 2 analysts that rate SEI Investments Company a buy, no analysts rate it a sell, and 1 rates it a hold.

The average volume for SEI Investments Company has been 582,600 shares per day over the past 30 days. SEI Investments has a market cap of $7.8 billion and is part of the financial sector and financial services industry. The stock has a beta of 1.30 and a short float of 0.9% with 2.67 days to cover. Shares are up 16.5% year-to-date as of the close of trading on Monday.

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TheStreetRatings.com Analysis:

TheStreet Quant Ratings rates SEI Investments Company as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, impressive record of earnings per share growth, good cash flow from operations and solid stock price performance. We feel its strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value.

Highlights from the ratings report include:
  • SEIC's revenue growth has slightly outpaced the industry average of 5.4%. Since the same quarter one year prior, revenues slightly increased by 7.6%. This growth in revenue appears to have trickled down to the company's bottom line, improving the earnings per share.
  • The return on equity has improved slightly when compared to the same quarter one year prior. This can be construed as a modest strength in the organization. Compared to other companies in the Capital Markets industry and the overall market, SEI INVESTMENTS CO's return on equity significantly exceeds that of both the industry average and the S&P 500.
  • SEI INVESTMENTS CO has improved earnings per share by 16.3% in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past two years. We feel that this trend should continue. During the past fiscal year, SEI INVESTMENTS CO increased its bottom line by earning $1.85 versus $1.63 in the prior year. This year, the market expects an improvement in earnings ($2.10 versus $1.85).
  • Investors have apparently begun to recognize positive factors similar to those we have mentioned in this report, including earnings growth. This has helped drive up the company's shares by a sharp 42.46% over the past year, a rise that has exceeded that of the S&P 500 Index. Looking ahead, the stock's sharp rise over the last year has already helped drive it to a level which is relatively expensive compared to the rest of its industry. We feel, however, that other strengths this company displays justify these higher price levels.
  • Net operating cash flow has significantly increased by 77.34% to $77.93 million when compared to the same quarter last year. Despite an increase in cash flow of 77.34%, SEI INVESTMENTS CO is still growing at a significantly lower rate than the industry average of 244.87%.

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