- Cash and Cash Equivalents: SEI reported cash and cash equivalents of $901.1 million, surpassing the estimate of $795.4 million.
- Earnings Per Share (EPS): EPS came in at $1.19, beating the expected $1.07.
- Revenue Performance: The company’s revenue was $537.4 million, slightly above the forecasted $534 million.
- Private Banks Revenue: Generated $138.7 million, exceeding the expected $133.7 million.
- Investment Advisors Revenue: Achieved $126.8 million, beating the estimate of $121.9 million.
- Institutional Investors Revenue: Reported $71.6 million, slightly below the projection of $73.1 million.
- Investment Managers Revenue: Recorded $184.6 million, under the expected $187.3 million.
- Investments in New Business Revenue: Matched the estimate at $15.6 million.
- Operating Profit: Total operating profit was $143.8 million, over the estimate of $138 million.
- Private Banks Operating Profit: Notched $23.6 million, surpassing the expected $18.5 million.
- Investment Advisors Operating Profit: Reached $56.7 million, above the projection of $53.2 million.
- Institutional Investors Operating Profit: Achieved $33.8 million, exceeding the estimate of $32.7 million.
- Investment Managers Operating Profit: Realized $70.5 million, slightly above the anticipated $69.9 million.
- Investments in New Business Operating Loss: Less than expected at a loss of $2.85 million versus the estimated loss of $3.79 million.
- Net Income: SEI reported a net income of $154.9 million, outperforming the estimate of $139.4 million.
- Analyst Recommendations: Among analysts, there is 1 buy, 5 holds, and 1 sell rating for SEI.
A look at Sei Investments Company Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 2 | |
| Growth | 3 | |
| Resilience | 4 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
SEI Investments Company, a global investment and business solutions provider, has a promising long-term outlook based on its Smartkarma Smart Scores. With solid scores in resilience and momentum, the company demonstrates strength and steady performance. Its focus on integrating technology and financial expertise positions it well to weather market fluctuations and capitalize on growth opportunities. While the value and dividend scores are moderate, the company’s emphasis on growth indicates potential for expansion in the future.
SEI Investments Company’s strategic combination of technology, research, and asset management advice caters to a diverse clientele, including banks, mutual funds, insurance companies, and individual investors. The company’s emphasis on innovation and adaptability, as reflected in its Smartkarma Smart Scores, suggests a dynamic approach to navigating the ever-changing investment landscape. Overall, SEI Investments Company’s strong resilience and momentum bode well for its continued success and growth prospects in the long run.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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