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Recent Insider Activity Could Benefit SEI Investments Co (SEIC)

In a filing, SEI Investments Co revealed its Chief Executive Officer Hicke Ryan unloaded Company’s shares for reported $0.75 million on Oct 25 ’24. In the deal valued at $74.90 per share,10,000 shares were sold. As a result of this transaction, Hicke Ryan now holds 147,609 shares worth roughly $11.17 million.

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Then, Peterson Michael sold 25,000 shares, generating $1,864,759 in total proceeds. Upon selling the shares at $74.59, the EVP and General Counsel now owns 6,500 shares.

Before that, GUARINO CARL sold 7,564 shares. SEI Investments Co shares valued at $573,124 were divested by the Director at a price of $75.77 per share. As a result of the transaction, GUARINO CARL now holds 13,867 shares, worth roughly $1.05 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 Monday, SEI Investments Co [NASDAQ:SEIC] saw its stock fall -0.20% to $75.66. Over the last five days, the stock has lost -0.20%. SEI Investments Co shares have risen nearly 19.06% since the year began. Nevertheless, the stocks have risen 36.79% over the past one year. While a 52-week high of $76.95 was reached on 10/30/24, a 52-week low of $54.05 was recorded on 01/04/24. SMA at 50 days reached $69.97, while 200 days put it at $67.75.

Levels Of Support And Resistance For SEIC Stock

The 24-hour chart illustrates a support level at 75.20, which if violated will result in even more drops to 74.73. On the upside, there is a resistance level at 76.06. A further resistance level may holdings at 76.46. The Relative Strength Index (RSI) on the 14-day chart is 65.92, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.31, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 19.69%. Stochastics %K at 77.05% 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 2024-10-15, dropping by -0.17 million shares to a total of 1.72 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 1.89 million shares. There was a decline of -9.64%, 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.

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