Koshinski Asset Management Inc. Purchases Shares of 2,346 SEI Investments Company $SEIC

Koshinski Asset Management Inc. purchased a new stake in shares of SEI Investments Company (NASDAQ:SEIC) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm 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 bought and sold shares of the business. Dimensional Fund Advisors LP grew its position in SEI Investments by 6.8% during the first quarter. Dimensional Fund Advisors LP now owns 1,732,511 shares of the asset manager’s stock valued at $134,487,000 after acquiring an additional 111,065 shares during the last quarter. Boston Trust Walden Corp grew its position in SEI Investments by 3.3% during the second quarter. Boston Trust Walden Corp now owns 1,369,674 shares of the asset manager’s stock valued at $123,079,000 after acquiring an additional 44,195 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of SEI Investments by 6.0% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 801,056 shares of the asset manager’s stock worth $62,186,000 after purchasing an additional 45,019 shares during the last quarter. Millennium Management LLC increased its stake in shares of SEI Investments by 339.3% in the first quarter. Millennium Management LLC now owns 783,619 shares of the asset manager’s stock worth $60,832,000 after buying an additional 605,252 shares during the period. Finally, Amundi increased its stake in shares of SEI Investments by 228.2% in the first quarter. Amundi now owns 782,035 shares of the asset manager’s stock worth $57,472,000 after buying an additional 543,753 shares during the period. 70.59% of the stock is currently owned by institutional investors.

Insider Transactions at SEI Investments

In other news, Director Kathryn Mccarthy sold 10,000 shares of the business’s stock in a transaction on Monday, September 29th. The shares were sold at an average price of $85.66, for a total transaction of $856,600.00. Following the sale, the director owned 75,641 shares in the company, valued at approximately $6,479,408.06. The trade was a 11.68% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Ryan Hicke sold 35,000 shares of the business’s stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $88.30, for a total transaction of $3,090,500.00. Following the sale, the chief executive officer owned 171,260 shares in the company, valued at approximately $15,122,258. This trade represents a 16.97% decrease in their position. The disclosure for this sale can be found here. Insiders sold 60,000 shares of company stock valued at $5,254,950 in the last three months. Company insiders own 14.30% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on SEIC. Raymond James Financial lifted their target price on shares of SEI Investments from $118.00 to $120.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 14th. Oppenheimer lifted their target price on shares of SEI Investments from $96.00 to $101.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 8th. Piper Sandler decreased their target price on shares of SEI Investments from $96.00 to $93.00 and set a “neutral” rating on the stock in a research note on Thursday, July 24th. Keefe, Bruyette & Woods decreased their target price on shares of SEI Investments from $98.00 to $93.00 and set a “market perform” rating on the stock in a research note on Monday, October 13th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of SEI Investments in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, SEI Investments has a consensus rating of “Moderate Buy” and an average price target of $104.40.

SEI Investments Stock Up 1.0%

NASDAQ:SEIC opened at $82.47 on Wednesday. The stock has a market cap of $10.19 billion, a P/E ratio of 15.47, a price-to-earnings-growth ratio of 1.23 and a beta of 0.96. The firm’s fifty day simple moving average is $86.29 and its 200 day simple moving average is $84.68. SEI Investments Company has a twelve month low of $64.66 and a twelve month high of $93.96.

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

SEI Investments 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.