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MARKETS LIVE BLOG:

STOCKS HOLD TECH-LED GAINS AFTER FED DECISION

Oil surges 4% amid concerns of widening Middle East conflict

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

Zacks Equity Research
·2 min read

Taking full advantage of the stock market and investing with confidence are common goals for new and old investors alike.

Achieving those goals is made easier with the Zacks Style Scores, a unique set of guidelines that rates stocks based on popular investing methodologies, namely value, growth, and momentum. The Style Scores can help you narrow down which stocks are better for your portfolio and which ones can beat the market over the long-term.

Is This 1 Momentum Stock a Screaming Buy Right Now?

Different than value or growth investors, momentum-oriented investors live by the saying "the trend is your friend." This investing style is all about taking advantage of upward or downward trends in a stock's price or earnings outlook. Employing factors like one-week price change and the monthly percentage change in earnings estimates, the Momentum Style Score can indicate favorable times to build a position in high-momentum stocks.

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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 is a Zacks Rank #2 (Buy) stock, with a Momentum Style Score of A and VGM Score of B. Shares are up 0.2% over the past one week and up 0.5% over the past four weeks. SEIC has gained 7.9% in the last one-year period as well. Looking at trading volume, an average of 554,203.25 shares exchanged hands over the last 20 trading days.

A company's earnings performance is important for momentum investors as well. For fiscal 2024, four analysts revised their earnings estimate higher in the last 60 days for SEIC, while the Zacks Consensus Estimate has increased $0.05 to $4.16 per share. SEIC also boasts an average earnings surprise of 1.7%.

Investors should take the time to consider SEIC for their portfolios due to its solid Zacks Ranks, notable earnings metrics, and impressive Momentum and VGM Style Scores.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

SEI Investments Company (SEIC) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research