SEI Investments Company (SEIC) AI Stock Analysis

• Market Cap: $9.94B
• Dividend Yield: 1.18%
• Average Volume (3M): 538.63K
• Price to Earnings (P/E): 14.4
• Beta (1Y): 1.00
• Revenue Growth: 9.33%
• EPS Growth: 33.17%
• Country: US
• Employees: 5,066
• Sector: Financial
• Sector Strength: 70
• Industry: Asset Management
• EPS (TTM): 1.46
• Shares Outstanding: 122,248,130
• 10 Day Avg. Volume: 597,682
• 30 Day Avg. Volume: 538,631
• PEG Ratio: 0.49
• Price to Book (P/B): 4.09
• Price to Sales (P/S): 4.36
• P/FCF Ratio: 17.13
• Enterprise Value/Market Cap: 0.96
• Enterprise Value/Revenue: 4.16
• Enterprise Value/Gross Profit: 7.03
• Enterprise Value/Ebitda: 10.68
• 1Y Price Target: $110.50
• Price Target Upside: 35.88% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 5
• EPS Forecast (FY): 5.73
• Revenue Forecast (FY): $2.64B

• Rating: 73 Outperform
• Price Target: $88.00 ▲(8.21% Upside)
• Action: Reiterated Date: 02/24/26
• Date: Action: Reiterated 02/24/26

The score is driven by strong underlying financial strength (high profitability and a very low-debt balance sheet) and a constructive earnings call focused on growth investments and shareholder returns. This is tempered by the 2025 cash flow deterioration and weak technical trend signals, while valuation remains reasonable but not a major catalyst.

Positive Factors

Conservative balance sheet and high ROE

Extremely low leverage and strong ROE give SEI durable financial flexibility: supports buybacks, M&A, and investment spending while lowering insolvency risk. This conservatism reduces capital cost and underpins ability to return capital through cycles, a multi-quarter advantage.

Recurring platform-based, diversified fee model

A mix of sticky platform/outsourcing fees and asset-based management fees creates recurring, diversified revenue. Platform stickiness and contract billing reduce churn sensitivity to short-term markets, supporting predictable revenue and long-term margin leverage as assets and clients scale.

Strong sales momentum, IMS wins, and strategic M&A

Consistent large sales events, adviser inflows, and targeted IMS wins expand scale in higher-margin services; the Stratos acquisition and product investments deepen distribution and tech capabilities. These structural wins bolster long-term AUA/AUM growth and cross-sell potential.

Negative Factors

Sharp 2025 cash-flow deterioration

A meaningful swing to zero operating cash flow and negative free cash flow in 2025 signals a cash-conversion issue versus strong reported margins. This raises questions about near-term cash quality and could constrain capital returns or force slower reinvestment absent reversion to prior cash conversion norms.

Earnings lumpiness from seasonal/performance fees and accruals

Material reliance on seasonal performance fees and accrual adjustments creates uneven revenue and earnings recognition across quarters. This structural lumpiness complicates forecasting, weakens FCF predictability, and increases the risk that headline results mask underlying organic trends over multi-quarter horizons.

Near-term margin pressure from strategic hires and one-time charges

Management's push to invest in hiring, platform projects, plus recent severance and M&A fees will raise operating expense and depreciation near term. While strategic, these step-ups can compress margins and free cash flow over upcoming quarters, testing execution before revenue benefits materialize.

SEI Investments Company Business Overview & Revenue Model

Company Description

SEI Investments Company is a publicly owned asset management holding company. Through its subsidiaries, the firm provides wealth management, retirement and investment solutions, asset management, asset administration, investment processing outsourcing solutions, financial services, and investment advisory services to its clients. It provides its services to private banks, independent financial advisers, institutional investors, investment managers, investment advisors, wealth management organizations, corporations, retirement scheme sponsors, not-for-profit organizations, hedge fund managers, registered investment advisers, independent broker-dealers, financial planners, life insurance agents, defined-benefit schemes, defined-contribution schemes, endowments, foundations, and board-designated fund, through its subsidiaries. Through its subsidiaries, the firm manages separate client-focused portfolios. It also launches and manages equity, fixed income, and balanced mutual funds, through its subsidiaries. Through its subsidiaries, the firm invests in public equity and fixed income markets. It employs fundamental and quantitative analysis with a focus on top-down and bottom-up analysis to make its investments, through its subsidiaries. SEI Investments Company was founded in 1968 and is based in Oaks, Pennsylvania.

How the Company Makes Money

SEI Investments generates revenue through multiple key streams, notably by charging fees for its investment management and investment processing services. These fees can be based on a percentage of assets under management (AUM), transaction fees, and administrative fees associated with fund services. Additionally, SEIC earns revenue from technology solutions provided to clients, which may involve subscription models or service-based pricing. Significant partnerships with financial institutions and asset managers enhance its distribution capabilities and client base, contributing to its earnings. The company also benefits from economies of scale as it grows its AUM, leading to increased revenue from existing clients and attracting new clients through its comprehensive service offerings.

SEI Investments Company Financial Statement Overview

Summary

Strong profitability and an exceptionally conservative balance sheet (very low leverage, strong ROE) support a high score. The primary offset is the sharp 2025 cash flow deterioration (operating cash flow reported at 0 and negative free cash flow), which raises near-term cash conversion/quality-of-earnings risk despite solid reported margins.

Income Statement

Revenue has grown steadily in recent years (2024 up ~10.7%, 2025 up ~2.3% after a down 2023), showing a generally positive trajectory. Profitability is a clear strength: 2025 net margin is ~31% with strong operating profitability, and margins expanded versus 2024. The main weakness is that growth is not consistently high year-to-year (including a revenue decline in 2023), suggesting some sensitivity to market/industry conditions.

Balance Sheet

The balance sheet is very conservative with extremely low leverage (2025 debt-to-equity ~0.004), providing strong financial flexibility and low balance-sheet risk. Equity has grown over time, and returns on equity are strong (~29% in 2025). A minor watch item is that such high returns can be influenced by market-driven earnings variability, but overall balance-sheet quality is excellent.

Cash Flow

Cash generation was strong and supportive in 2020–2024, with operating cash flow consistently exceeding net income and free cash flow tracking net income closely (free cash flow to net income ~0.87–0.92). However, 2025 shows a sharp deterioration: operating cash flow is reported at 0 and free cash flow turned negative (-$22.6M), implying a meaningful near-term cash conversion issue (or potential reporting anomaly) versus otherwise strong profitability.

Breakdown	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	2.30B	2.13B	1.92B	1.99B	1.92B
Gross Profit	1.36B	1.13B	984.14M	1.05B	1.09B
EBITDA	859.28M	822.55M	669.21M	561.23M	646.92M
Net Income	715.30M	581.19M	462.26M	475.47M	546.59M
Balance Sheet
Total Assets	3.26B	2.68B	2.52B	2.38B	2.35B
Cash, Cash Equivalents and Short-Term Investments	433.58M	869.47M	866.03M	885.16M	859.67M
Total Debt	8.68M	32.13M	25.35M	29.13M	78.97M
Total Liabilities	556.07M	432.49M	388.18M	429.73M	493.94M
Stockholders Equity	2.45B	2.25B	2.13B	1.95B	1.86B
Cash Flow
Free Cash Flow	585.02M	565.78M	388.24M	491.63M	580.57M
Operating Cash Flow	607.66M	622.34M	447.03M	566.12M	633.10M
Investing Cash Flow	-399.09M	-117.30M	-141.54M	-89.81M	-164.88M
Financing Cash Flow	-589.50M	-494.40M	-331.32M	-437.24M	-422.32M

SEI Investments Company Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 81.32
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SEIC, the sentiment is Negative. The current price of 81.32 is below the 20-day moving average (MA) of 82.36, below the 50-day MA of 83.99, and below the 200-day MA of 84.72, indicating a bearish trend. The MACD of -0.92 indicates Negative momentum. The RSI at 46.99 is Neutral, neither overbought nor oversold. The STOCH value of 84.31 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SEIC.

SEI Investments Company Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
JHG	83 Outperform	$8.03B	9.97	16.45%	3.34%	14.48%	34.97%
SEIC	73 Outperform	$9.94B	14.45	29.38%	1.18%	9.33%	33.17%
AMG	72 Outperform	$8.17B	13.47	21.77%	0.01%	1.08%	8.24%
BEN	69 Neutral	$13.82B	24.43	4.58%	5.33%	2.31%	5.71%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
IVZ	66 Neutral	$11.65B	-16.24	-2.10%	3.08%	6.64%	―
OTF	65 Neutral	$5.19B	6.34	12.35%	5.30%	―	―

SEI Investments Company Corporate Events

SEI Investments Extends CEO Ryan Hicke’s Employment Agreement

On January 13, 2026, SEI Investments Company entered into a new employment agreement with Chief Executive Officer Ryan Hicke, extending his term as CEO through June 1, 2031 and replacing his prior 2022 agreement. The contract sets an initial annual base salary of $900,000 and a target annual cash bonus of $2.7 million tied to individual and company performance, along with eligibility for annual equity grants under SEI’s 2024 Omnibus Equity Compensation Plan or a successor plan. The agreement details substantial severance protections, including 1.5 times base salary and bonus, accelerated vesting of all unvested equity awards, and extended option exercise periods if Hicke is terminated without cause, dies, becomes disabled, or resigns for good reason following a change in control, subject to a release of claims. These terms strengthen leadership continuity at SEI and provide robust retention and change-in-control protections for its CEO, while binding him to non-compete, non-solicitation, and confidentiality covenants during employment and for 18 months after departure, which may reassure investors about management stability and succession risk.

The most recent analyst rating on (SEIC) stock is a Buy with a $102.00 price target. To see the full list of analyst forecasts on SEI Investments Company stock, see the SEIC Stock Forecast page.

SEI Investments Declares Dividend Reflecting Shareholder Commitment

SEI Investments Company has announced the planned resignation of its founder and Executive Chairman, Alfred P. West, Jr., effective January 1, 2026, after a transformative 57-year career. West, who scaled SEI from a Pennsylvania-based financial technology startup to a global leader in the financial services industry, will take on the honorary role of Chairman Emeritus. To ensure a seamless leadership transition, independent board member Carl Guarino has been appointed as non-executive Chairman, beginning January 2026. Additionally, on December 12, 2025, SEI’s Board declared a dividend of $0.52 per share to be paid on January 12, 2026, reflecting the company’s continued commitment to delivering shareholder value.

The most recent analyst rating on (SEIC) stock is a Buy with a $97.00 price target. To see the full list of analyst forecasts on SEI Investments Company stock, see the SEIC Stock Forecast page.

SEI Investments Completes First Stage of Stratos Acquisition

On December 3, 2025, SEI Investments Company announced the completion of the first stage of its strategic investment in Stratos Wealth Holdings, acquiring the U.S.-based Stratos business for approximately $441 million. This acquisition represents about 81% of the total transaction value, with the second stage involving the purchase of the Mexico-based NSC business expected to close in 2026. The partnership aims to enhance SEI’s ecosystem by integrating Stratos’ advice platform, which aligns with trends in fee-based wealth management and respects advisor independence. This move is expected to bolster SEI’s capabilities in technology, custody, operations, and asset management, ultimately driving sustainable growth and helping advisors scale their businesses.

The most recent analyst rating on (SEIC) stock is a Buy with a $93.00 price target. To see the full list of analyst forecasts on SEI Investments Company stock, see the SEIC Stock Forecast page.