SEI Investments Co.’s filing revealed that its Executive Chairman WEST ALFRED P JR unloaded Company’s shares for reported $0.38 million on Aug 29 ’24. In the deal valued at $67.50 per share,5,670 shares were sold. As a result of this transaction, WEST ALFRED P JR now holds 7,498,615 shares worth roughly $525.65 million.
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Then, WEST ALFRED P JR sold 61,000 shares, generating $4,108,960 in total proceeds. Upon selling the shares at $67.36, the Executive Chairman now owns 7,504,285 shares.
Before that, WEST ALFRED P JR sold 40,129 shares. SEI Investments Co. shares valued at $2,684,630 were divested by the Executive Chairman at a price of $66.90 per share. As a result of the transaction, WEST ALFRED P JR now holds 7,565,285 shares, worth roughly $530.33 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 Friday, SEI Investments Co. [NASDAQ:SEIC] saw its stock fall -0.82% to $70.10. Over the last five days, the stock has gained 0.89%. SEI Investments Co. shares have risen nearly 10.31% since the year began. Nevertheless, the stocks have risen 21.15% 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 $67.39, while 200 days put it at $66.90.
Levels Of Support And Resistance For SEIC Stock
The 24-hour chart illustrates a support level at 69.60, which if violated will result in even more drops to 69.09. On the upside, there is a resistance level at 70.95. A further resistance level may holdings at 71.79. The Relative Strength Index (RSI) on the 14-day chart is 61.25, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.06, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 43.21%. Stochastics %K at 70.16% 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 2024-09-30, dropping by -0.12 million shares to a total of 1.79 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 1.91 million shares. There was a decline of -6.71%, which implies that there is a negative sentiment for the stock.
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.
