Stock News Spotlight: SEI Investments Company (NASDAQ:SEIC)

SEI Investments Company (NASDAQ:SEIC) stock identified change of -0.23% away from 52-week low price and recently located move of -38.87% off 52-week high price. It has market worth of $7.03B and dividend yield of 1.65%. SEIC stock has been recorded -32.07% away from 50 day moving average and -29.22% away from 200 day moving average. Moving closer, we can see that shares have been trading -25.51% off 20-day moving average.

On March 18, 2020, The Board of Directors of SEI Investments Company (NASDAQ:SEIC) notified an increase in its stock repurchase program by an additional $250 million, increasing the available authorization under the program to approximately $272 million. Since the beginning of calendar year 2020, the Company repurchased approximately 1.677 million shares at a cost of approximately $96 million.

, the world is coping with a pandemic, posing challenges for companies and our way of life. Protecting the health and well-being of our employees, their families, and clients is our priority, said Alfred P. West, Jr., SEI Chairman and CEO. We believe we are well-prepared to manage through this period of disruption and uncertainty. While the SEI team is currently in a work-from-home environment for all but essential operations personnel, our operational integrity remains strong globally. Our innovative workforce, strong cash flow and resilient operations will help us navigate these turbulent times and continue to deliver for our clients.

The Financial sector company, SEI Investments Company noticed change of -5.97% to $42.55 along volume of 1343004 shares in recent session compared to an average volume of 688.45K. The stock observed return of -16.24% in 5 days trading activity. The stock was at -38.15% over one month performance. SEIC’s shares are at -35.65% for the quarter and driving a -18.70% return over the course of the past year and is now at -35.02% since this point in 2018.

The average volatility for the week at 11.22% and for month was at 6.19%. There are 165.12M shares outstanding and 126.68M shares are floated in market. Right now the stock beta is 1.38.

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