Large Outflow of Money Witnessed in SEI Investments Company

SEI Investments Company (SEIC) : The total negative money flow of $0.67 million on Friday indicates selling on strength. The inflow of money on upticks was $0.22 million, compared to $0.89 million outflow on downticks, which confirms distribution in the stock. The up to down ratio was 0.25. The negative money flow of $0.73 million in block trades reveals that the informed traders sold the stock on every bit of price strength.The transaction value of block trade on downtick was $0.73 million. The price action in the SEI Investments Company (SEIC) stock suggests that both the bulls and the bears were in equilibrium. The stock traded at $50.82 with a gain of $0.13 , a change of 0.26% over the previous days close. The stock registered 0.51% for the week.


SEI Investments Company (SEIC) : 4 Wall Street analysts covering SEI Investments Company (SEIC) believe that the average level the stock could reach for the short term is $53.5. The maximum price target given is $60 and the minimum target for short term is around $45, hence the standard deviation is calculated at $6.35.

SEI Investments Company (NASDAQ:SEIC): stock turned positive on Friday. Though the stock opened at $50.28, the bulls momentum made the stock top out at $51.22 level for the day. The stock recorded a low of $50.28 and closed the trading day at $51.21, in the green by 1.03%. The total traded volume for the day was 341,970. The stock had closed at $50.69 in the previous days trading.

In a related news, The Securities and Exchange Commission has divulged that Blumenstein Sarah, director of Sei Investments Co, had unloaded 16,500 shares at an average price of $49.89 in a transaction dated on June 10, 2016. The total value of the transaction was worth $823,185.

SEI Investments Company is a provider of investment processing, investment management and investment operations solutions. The Company enables corporations, financial institutions, financial advisors and ultra-high-net-worth families create and manage wealth by providing investment and investment-business solutions. The Company operates in five segments: Private Banks, Investment Advisors, Institutional Investors, Investment Managers and Investments in New Businesses. The Companys investment management business solutions include investment processing outsourcing solutions for providers of institutional and private-client wealth management services, including banks, trust companies, independent wealth advisers and other financial services firms; investment management solutions for institutional investors, and individual investors and investment operations outsourcing solutions for investment management firms, banks and investment companies.

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