Koshinski Asset Management Inc. Purchases New Stake in SEI Investments Company $SEIC

Koshinski Asset Management Inc. purchased a new stake in shares of SEI Investments Company (NASDAQ:SEIC) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 2,346 shares of the asset manager’s stock, valued at approximately $211,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SEIC. Bison Wealth LLC bought a new position in SEI Investments during the fourth quarter worth about $207,000. GAMMA Investing LLC boosted its position in SEI Investments by 24.5% during the first quarter. GAMMA Investing LLC now owns 6,061 shares of the asset manager’s stock worth $471,000 after purchasing an additional 1,192 shares during the period. Wealth Enhancement Advisory Services LLC boosted its position in SEI Investments by 41.6% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 21,301 shares of the asset manager’s stock worth $1,654,000 after purchasing an additional 6,261 shares during the period. Janney Montgomery Scott LLC bought a new position in SEI Investments during the first quarter worth about $206,000. Finally, Envestnet Portfolio Solutions Inc. boosted its position in SEI Investments by 4.4% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 11,603 shares of the asset manager’s stock worth $901,000 after purchasing an additional 484 shares during the period. Institutional investors own 70.59% of the company’s stock.

Insider Activity at SEI Investments

In related news, CEO Ryan Hicke sold 35,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $88.30, for a total value of $3,090,500.00. Following the sale, the chief executive officer directly owned 171,260 shares of the company’s stock, valued at $15,122,258. This trade represents a 16.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Mark Andrew Warner sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 29th. The shares were sold at an average price of $88.75, for a total transaction of $443,750.00. Following the completion of the sale, the insider directly owned 1,300 shares in the company, valued at $115,375. This represents a 79.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 60,000 shares of company stock valued at $5,254,950. Company insiders own 14.30% of the company’s stock.

SEI Investments Price Performance

Shares of SEIC opened at $82.47 on Wednesday. The firm’s 50 day simple moving average is $86.29 and its 200 day simple moving average is $84.68. The company has a market capitalization of $10.19 billion, a P/E ratio of 15.47, a P/E/G ratio of 1.23 and a beta of 0.96. SEI Investments Company has a 1-year low of $64.66 and a 1-year high of $93.96.

SEI Investments (NASDAQ:SEIC) last announced its earnings results on Wednesday, July 23rd. The asset manager reported $1.78 earnings per share for the quarter, beating analysts’ consensus estimates of $1.18 by $0.60. The business had revenue of $559.60 million for the quarter, compared to the consensus estimate of $550.72 million. SEI Investments had a net margin of 31.25% and a return on equity of 29.96%. SEI Investments’s quarterly revenue was up 7.8% on a year-over-year basis. During the same period last year, the firm posted $1.05 earnings per share. On average, equities analysts anticipate that SEI Investments Company will post 4.86 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on SEIC. Oppenheimer increased their target price on shares of SEI Investments from $96.00 to $101.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 8th. Zacks Research raised shares of SEI Investments from a “hold” rating to a “strong-buy” rating in a report on Monday, October 13th. Keefe, Bruyette & Woods lowered their price target on shares of SEI Investments from $98.00 to $93.00 and set a “market perform” rating on the stock in a report on Monday, October 13th. Raymond James Financial increased their price target on shares of SEI Investments from $118.00 to $120.00 and gave the stock an “outperform” rating in a report on Tuesday, October 14th. Finally, Morgan Stanley increased their price target on shares of SEI Investments from $105.00 to $115.00 and gave the stock an “overweight” rating in a report on Friday, September 19th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, SEI Investments has an average rating of “Moderate Buy” and an average target price of $104.40.

SEI Investments Company Profile

SEI Investments Company is a publicly owned asset management holding company. Through its subsidiaries, the firm provides wealth management, retirement and investment solutions, asset management, asset administration, investment processing outsourcing solutions, financial services, and investment advisory services to its clients.