SEIC Stock Summary and Trading Ideas (Sei Investments Company | NASDAQ:SEIC)

SEI Investments provides investment processing, management, and operations services to financial institutions, asset managers, asset owners, and financial advisors in four material segments: private banks, investment advisors, institutional investors, and investment managers. SEI also has a minority interest in LSV Asset Management, a value equity asset manager with about $99 billion in assets under management. As of December 2023, SEI (including LSV) manages, administers, or advises about $1.4 trillion in assets.

Sei Investments Company trades on the NASDAQ stock market under the symbol SEIC.

As of April 26, 2024, SEIC stock price climbed to $66.57 with 426,346 million shares trading.

SEIC has a beta of 0.91, meaning it tends to be less sensitive to market movements. SEIC has a correlation of 0.47 to the broad based SPY ETF.

SEIC has a market cap of $8.74 billion. This is considered a Mid Cap stock.

Last quarter Sei Investments Company reported $512 million in Revenue and $.99 earnings per share. This beat revenue expectation by $1 million and exceeded earnings estimates by $.01.

In the last 3 years, SEIC stock traded as high as $72.54 and as low as $46.30.

The top ETF exchange traded funds that SEIC belongs to (by Net Assets): VTI, VB, IJH, VBR, VXF.

SEIC has underperformed the market in the last year with a price return of +17.9% while the SPY ETF gained +27.4%. SEIC has also underperformed the stock market ETF in the last 3 month and 2 week periods returning +4.2% and -1.3%, respectively, while the SPY returned +4.6% and -0.5%, respectively.

SEIC support price is $65.66 and resistance is $67.30 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that SEIC stock will trade within this expected range on the day.