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Why SEI Investments (SEIC) is a Top Momentum Stock for the Long-Term

Zacks Equity Research
·2-min read

It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors.

While you may have an investing style you rely on, finding great stocks is made easier with the Zacks Style Scores. These are complementary indicators that rate stocks based on value, growth, and/or momentum characteristics.

Is This 1 Momentum Stock a Screaming Buy Right Now?

For momentum investors, upward or downward trends in a stock's price or earnings outlook take precedent, so they'll want to zero in on the Momentum Style Score. This Score can pinpoint good times to build a position in a stock, using factors like one-week price change and the monthly percentage change in earnings estimates.

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SEI Investments (SEIC)

SEI Investments Co. – founded in 1968 – is headquartered in Oaks, PA. This asset management company is a leading provider of wealth management business solutions in the financial services industry. The company offers investment processing, management and operations solutions globally.

SEIC sits at a Zacks Rank #3 (Hold), holds a Momentum Style Score of B, and has a VGM Score of B. The stock is up 1.8% and up 1.5% over the past one-week and four-week period, respectively, and SEI Investments has gained 16.6% in the last one-year period as well. Additionally, an average of 570,948.13 shares were traded over the last 20 trading sessions.

Momentum investors also pay close attention to a company's earnings. For SEIC, five analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.14 to $4.11 per share for 2024. SEIC boasts an average earnings surprise of 1.7%.

SEIC should be on investors' short list because of its impressive earnings fundamentals, a good Zacks Rank, and strong Momentum and VGM Style Scores.

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SEI Investments Company (SEIC) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research