Bank stocks are rising along with interest rates, and brokers continue making gains as the long bull market extends its run. SEI Investments is in the thick of it all, providing the technology and management services that financial companies need to make transactions. On Tuesday, the Relative Strength (RS) Rating for EI Investments rose to a new percentile with a 71 rating up, from 64 the day before.
The new 71 RS Rating means SEI stock has outperformed 71% of all stocks over the past year. It's a welcome improvement, though CAN SLIM investors generally look for stocks with an RS Rating of 80 or higher. However, its strong fundamentals make EI a good watchlist candidate.
SEI Investments Keeps Posting Double-Digit Growth
SEI Investments posted 20% earnings growth last quarter to $1.03 per share. The prior three quarters, SEI Investments' EPS rose 24%, 37% and 29%. Sales rose 13% in its most recent quarter to a record $501.7 million.
"Our record financial results for 2021 reflect continued sales momentum, success in delivering our solutions to our markets, and positive capital markets," SEI Investments CEO Alfred West said of the results.
The Street expects the company to report its latest performance numbers on or around April 21.
Among its other key ratings, SEI Investments has an 86 EPS Rating, putting it in the top 14% of all companies for profit growth. It also boasts an 85 Composite Rating, an amalgam of IBD's five key ratings. Additionally, its B Accumulation/Distribution Rating points to moderately strong buying of its shares by institutional investors.
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SEI Investments stock hit an intraday low of 54.03 on Jan. 27. It closed at 60.81 Tuesday, up for the fifth day of the last six trading sessions. It's working on a consolidation with a 65.32 buy point. See if it can break out in heavy trade.
SEI Investments stock holds the No. 13 rank among its peers in the Finance-Investment Management industry group. Silvercrest Asset Management and Bluegreen Vacations are among the group's highest-rated stocks.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
This exclusive Relative Strength Rating from Investor's Business Daily measures price movement with a 1 (worst) to 99 (best) score. The rating shows how a stock's price performance over the last 52 weeks stacks up against all the other stocks in our database.
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