SEI Investments (SEIC) is a Great Momentum Stock: Should You Buy?

Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell even higher, with the expectation that established trends will continue [1] Company Overview: SEI Investments (SEIC) - SEI Investments currently holds a Momentum Style Score of B, indicating potential for strong performance based on price changes and earnings estimate revisions [3] - The company has a Zacks Rank of 1 (Strong Buy), which historically outperforms the market when combined with a Style Score of A or B [4] Performance Metrics - Over the past week, SEIC shares increased by 5.67%, outperforming the Zacks Financial - Investment Management industry, which rose by 1.38% [7] - In the last month, SEIC's price change was 9.38%, significantly higher than the industry's 0.24% [7] - Over the past quarter, SEIC shares rose by 19.09%, and over the last year, they increased by 38.35%, compared to the S&P 500's gains of 6.24% and 31.96%, respectively [8] Trading Volume - SEIC's average 20-day trading volume is 791,080 shares, which serves as a bullish indicator when combined with rising stock prices [9] Earnings Outlook - In the last two months, 6 earnings estimates for SEIC have been revised upwards, raising the consensus estimate from $4.20 to $4.41 [11] - For the next fiscal year, 6 estimates have also moved higher, with no downward revisions noted [11] Conclusion - Given the strong performance metrics and positive earnings outlook, SEI Investments is positioned as a 1 (Strong Buy) stock with a Momentum Score of B, making it a compelling investment option [12]