In a filing, SEI Investments Co revealed its Executive Chairman WEST ALFRED P JR unloaded Company’s shares for reported $8.07 million on Dec 13 ’24. In the deal valued at $85.73 per share,94,158 shares were sold. As a result of this transaction, WEST ALFRED P JR now holds 7,284,964 shares worth roughly $605.38 million.
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Then, WEST ALFRED P JR sold 52,042 shares, generating $4,435,616 in total proceeds. Upon selling the shares at $85.23, the Executive Chairman now owns 7,232,922 shares.
Before that, Alfred Paul West Jr bought 150,000 shares. SEI Investments Co shares valued at $12,987,000 were divested by the Affiliate at a price of $86.58 per share.
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 jump 0.42% to $83.10. Over the last five days, the stock has lost -3.07%. SEI Investments Co shares have risen nearly 30.76% since the year began. Nevertheless, the stocks have risen 28.98% over the past one year. While a 52-week high of $87.25 was reached on 12/13/24, a 52-week low of $61.58 was recorded on 01/04/24. SMA at 50 days reached $79.46, while 200 days put it at $70.44.
Levels Of Support And Resistance For SEIC Stock
The 24-hour chart illustrates a support level at 82.56, which if violated will result in even more drops to 82.02. On the upside, there is a resistance level at 83.42. A further resistance level may holdings at 83.75. The Relative Strength Index (RSI) on the 14-day chart is 53.79, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.68, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 62.69%. Stochastics %K at 27.34% 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 2024-11-29, dropping by -0.22 million shares to a total of 1.34 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 1.56 million shares. There was a decline of -16.02%, 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.
