What’s SEI Investments Co. (SEIC) Upside After Forming Double Top?

April 19, 2018 - By Marie Mckinney

SEI Investments Co. (NASDAQ:SEIC) Logo

Investors sentiment increased to 1.25 in Q4 2017. Its up 0.01, from 1.24 in 2017Q3. It is positive, as 11 investors sold SEI Investments Co. shares while 115 reduced holdings. 62 funds opened positions while 95 raised stakes. 107.84 million shares or 1.88% less from 109.90 million shares in 2017Q3 were reported.
Janney Montgomery Scott Llc accumulated 10,078 shares. Profund Advisors Limited owns 0.04% invested in SEI Investments Co. (NASDAQ:SEIC) for 15,860 shares. 372 were reported by Fred Alger Inc. Twin Tree Mgmt Lp invested in 0% or 6 shares. Ledyard Bancorporation holds 0% or 436 shares in its portfolio. Tower Research Lc (Trc) holds 0.01% of its portfolio in SEI Investments Co. (NASDAQ:SEIC) for 1,065 shares. Northwestern Mutual Wealth Mngmt Communication holds 0% or 1,565 shares. Blackrock Incorporated holds 0.05% in SEI Investments Co. (NASDAQ:SEIC) or 13.95 million shares. Canada Pension Plan Board reported 30,316 shares stake. Ashfield Cap Ltd reported 11,008 shares. Envestnet Asset Mngmt accumulated 80,246 shares. Jane Street Group has invested 0% in SEI Investments Co. (NASDAQ:SEIC). Metropolitan Life Insur Comm New York holds 43,672 shares. Valley Natl Advisers holds 0.04% or 1,700 shares. Bb&T Corporation owns 0.13% invested in SEI Investments Co. (NASDAQ:SEIC) for 95,183 shares.

Since February 9, 2018, it had 0 insider purchases, and 18 sales for $20.84 million activity. 16,500 shares were sold by HEILIG KATHY, worth $1.23 million on Thursday, March 8. On Monday, March 5 the insider CRUDUP ROBERT sold $1.10 million. MCGONIGLE DENNIS had sold 30,000 shares worth $2.30M. ROMEO CARMEN sold $1.11M worth of stock or 15,000 shares. On Thursday, March 22 the insider Ujobai Joseph P sold $1.29 million. 20,000 shares were sold by Klauder N Jeffrey, worth $1.48 million on Friday, February 16.

The chart of SEI Investments Co. (SEIC) shows a double top with $75.50 target or 7.00 % above today’s $70.56 share price. The 6 months chart pattern indicates low risk for the $11.15 billion company. It was reported on Apr, 19 by Finviz.com. If the $75.50 price target is reached, the company will be worth $780.36 million more. Double tops are rare but powerful chart patterns.

The stock decreased 0.54% or $0.38 during the last trading session, reaching $70.56. About 385,205 shares traded. SEI Investments Co. (NASDAQ:SEIC) has risen 46.49% since April 19, 2017 and is uptrending. It has outperformed by 34.94% the S&P500.

SEI Investments Co. (NASDAQ:SEIC) Ratings Coverage

Among 4 analysts covering SEI Investments Company (NASDAQ:SEIC), 2 have Buy rating, 0 Sell and 2 Hold. Therefore 50% are positive. SEI Investments Company had 11 analyst reports since October 20, 2017 according to SRatingsIntel. The rating was maintained by Keefe Bruyette & Woods with “Hold” on Thursday, December 21. The rating was maintained by Mizuho with “Buy” on Monday, February 26. The firm has “Buy” rating given on Thursday, October 26 by Mizuho. On Friday, October 20 the stock rating was maintained by Mizuho with “Buy”. The firm has “Hold” rating given on Friday, November 10 by Keefe Bruyette & Woods. As per Thursday, April 12, the company rating was downgraded by William Blair. The rating was maintained by Mizuho with “Buy” on Friday, November 17. The firm earned “Hold” rating on Monday, April 16 by Keefe Bruyette & Woods. Mizuho maintained the shares of SEIC in report on Thursday, January 4 with “Buy” rating. Sandler O’Neill maintained SEI Investments Co. (NASDAQ:SEIC) on Tuesday, April 10 with “Buy” rating.

SEI Investments Co. (NASDAQ:SEIC) Institutional Positions Chart

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