SEI Investments Co.’s filing revealed 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 $522.35 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 $1.38 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 fall -0.84% to $66.41. Over the last five days, the stock has lost -6.33%. SEI Investments Co. shares have risen nearly 4.50% since the year began. Nevertheless, the stocks have risen 14.32% 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 $68.41, while 200 days put it at $62.47. A total of 0.44 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 66.00, which if violated will result in even more drops to 65.58. On the upside, there is a resistance level at 66.99. A further resistance level may holdings at 67.57. The Relative Strength Index (RSI) on the 14-day chart is 33.27, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.85, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 96.16%. Stochastics %K at 4.28% indicates the stock is a buying.
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.
