SEI Investments Co.’s recently made public that its Executive Chairman WEST ALFRED P JR unloaded Company’s shares for reported $1.4 million on Mar 28 ’24. In the deal valued at $72.14 per share,19,363 shares were sold. As a result of this transaction, WEST ALFRED P JR now holds 7,865,471 shares worth roughly $557.66 million.
Then, WEST ALFRED P JR sold 150,000 shares, generating $10,612,500 in total proceeds. Upon selling the shares at $70.75, the Executive Chairman now owns 7,884,834 shares.
Before that, KLAUDER PAUL sold 2,000 shares. SEI Investments Co. shares valued at $139,600 were divested by the EXECUTIVE VICE PRESIDENT at a price of $69.80 per share. As a result of the transaction, KLAUDER PAUL now holds 20,752 shares, worth roughly $1.47 million.
Piper Sandler initiated its SEI Investments Co. [SEIC] rating to a Neutral in a research note published on March 29, 2023; the price target was $60. Morgan Stanley also remained covering SEIC and has decreased its forecast on July 12, 2022 with a “an Underweight” recommendation from previously “an Equal-weight” rating. Goldman revised its rating on March 28, 2022. It rated SEIC as “a Neutral” which previously was an “a Buy”.
Price Performance Review of SEIC
On Tuesday, SEI Investments Co. [NASDAQ:SEIC] saw its stock jump 0.40% to $70.90. Over the last five days, the stock has gained 0.48%. SEI Investments Co. shares have risen nearly 11.57% since the year began. Nevertheless, the stocks have risen 24.87% over the past one year. While a 52-week high of $72.54 was reached on 03/28/24, a 52-week low of $52.19 was recorded on 01/04/24. SMA at 50 days reached $68.13, while 200 days put it at $62.23. A total of 0.43 million shares were traded, compared to the trading of 0.44 million shares in the previous session.
Levels Of Support And Resistance For SEIC Stock
The 24-hour chart illustrates a support level at 70.39, which if violated will result in even more drops to 69.87. On the upside, there is a resistance level at 71.34. A further resistance level may holdings at 71.78. The Relative Strength Index (RSI) on the 14-day chart is 59.57, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.02, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 42.12%. Stochastics %K at 53.26% indicates the stock is a holding.
How much short interest is there in SEI Investments Co.?
A steep rise in short interest was recorded in SEI Investments Co. stocks on Mar 28, 2024, growing by 0.31 million shares to a total of 2.18 million shares. Yahoo Finance data shows the prior-month short interest on Feb 29, 2024 was 1.87 million shares. There was a rise of 14.22%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 1.94% of the overall stock float, the days-to-cover ratio (short ratio) rose to 3.97.
The most recent change occurred on November 02, 2021 when Truist began covering the stock and recommended ‘”a Hold”‘ rating along with a $67 price target.
