In a filing, SEI Investments Co. revealed 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 $537.21 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 $1.42 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 0.19% to $68.30. Over the last five days, the stock has gained 3.56%. SEI Investments Co. shares have risen nearly 7.47% since the year began. Nevertheless, the stocks have risen 15.12% 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 $68.53, while 200 days put it at $62.89. A total of 0.48 million shares were traded, compared to the trading of 0.33 million shares in the previous session.
Levels Of Support And Resistance For SEIC Stock
The 24-hour chart illustrates a support level at 68.11, which if violated will result in even more drops to 67.92. On the upside, there is a resistance level at 68.64. A further resistance level may holdings at 68.99. The Relative Strength Index (RSI) on the 14-day chart is 56.18, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.15, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 13.54%. Stochastics %K at 86.86% indicates the stock is a selling.
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.
