Sei Investments Company (SEIC)
NASDAQ:SEIC
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SEI Investments Company
(NASDAQ:SEIC)
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Rating:73Outperform
Price Target:
$88.00
▲(13.99% Upside)
Action:ReiteratedDate: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.
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.
Read all positive and negative factors
Positive Factors
Negative 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.
Read all positive factors
SEI Investments Company (SEIC) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$9.44B
Dividend Yield1.18%
Average Volume (3M)538.63K
Price to Earnings (P/E)14.0
Beta (1Y)1.00
Revenue Growth9.33%
EPS Growth33.17%
CountryUS
Employees5,066
SectorFinancial
Sector Strength70
IndustryAsset Management
Share Statistics
EPS (TTM)1.46
Shares Outstanding122,248,130
10 Day Avg. Volume597,682
30 Day Avg. Volume538,631
Financial Highlights & Ratios
PEG Ratio0.49
Price to Book (P/B)4.09
Price to Sales (P/S)4.36
P/FCF Ratio17.13
Enterprise Value/Market Cap0.96
Enterprise Value/Revenue3.95
Enterprise Value/Gross Profit6.66
Enterprise Value/Ebitda10.12
Forecast
1Y Price Target
$110.50Price Target Upside43.13% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering5
EPS Forecast (FY)5.68
Revenue Forecast (FY)$2.63B
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 outsour...
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, ...
SEI Investments Company Earnings Call Summary
Earnings Call Date:Jan 28, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:Apr 16, 2026
Earnings Call Sentiment Positive
The call conveyed a strongly positive operational and financial update: record-level quarterly EPS (excluding one-time impacts), broad-based revenue and margin expansion, strong sales events (notably in private banking and IMS), adviser inflows, ETF traction, and decisive capital returns. Offsetting items were largely transitional or one-time: severance and M&A costs, accrual adjustments, UK institutional client losses, mutual fund outflows, and near-term expense step-ups as management accelerates hiring and capitalizes investments. On balance, the strategic progress, healthy pipeline, and balance-sheet flexibility dominate the narrative and outweigh the transitory headwinds.Positive Updates
Record Quarterly EPS and Strong Earnings Growth
Q4 EPS of $1.38; GAAP EPS increased ~16% year-over-year and ~6% sequentially. Excluding unusual items (~$0.08 EPS impact), Q4 would have been an all‑time record, contributing to double-digit earnings growth for 2025.
Negative Updates
One-Time Charges and Elevated Corporate Overhead
Q4 included approximately $20M of elevated corporate overhead related to severance and M&A fees, which reduced EPS by roughly $0.08. A targeted reduction in force in December affected ~3% of global workforce and drove severance charges.
Read all updates
Q4-2025 Updates
Positive
Negative
Record Quarterly EPS and Strong Earnings Growth
Q4 EPS of $1.38; GAAP EPS increased ~16% year-over-year and ~6% sequentially. Excluding unusual items (~$0.08 EPS impact), Q4 would have been an all‑time record, contributing to double-digit earnings growth for 2025.
Read all positive updates
Company Guidance
Management reiterated that SEI will not provide formal earnings guidance, but flagged several quantified items to consider for early 2026: Q4 EPS was $1.38 (GAAP EPS +16% YoY, +6% QoQ) and unusual items reduced EPS by about $0.08 (including $20 million of severance and M&A costs, a $3 million tax benefit, and a $3 million IMS revenue accrual true‑up); LSV generated $22 million of performance fees in Q4 (about $8 million to SEI) plus a $4 million VIE gain; Q4 share repurchases totaled $101 million (bringing FY repurchases to $616 million, ~6% of shares outstanding), SEI closed the year with $400 million of cash and no debt and remains committed to returning 90–100% of free cash flow. Looking ahead they warned Q1 seasonality (LSV fees typically lowest in Q1 and Q1 has two fewer days than Q4), annual comp increases effective Jan. 1, planned hiring to support pipeline, a step‑up in depreciation & amortization next quarter, and noted a targeted ~3% workforce reduction taken in December, all while pursuing accelerated investments to drive long‑term double‑digit earnings growth and margin expansion.SEI Investments Company Financial Statement Overview
Summary
Income Statement
86
Very Positive
Balance Sheet
93
Very Positive
Cash Flow
55
Neutral
| 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
Negative
77.20
Price Trends
82.19
Negative
82.16
Negative
84.34
Negative
Market Momentum
-1.23
Positive
38.03
Neutral
25.23
Neutral
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 77.2 is below the 20-day moving average (MA) of 79.95, below the 50-day MA of 82.19, and below the 200-day MA of 84.34, indicating a bearish trend. The MACD of -1.23 indicates Positive momentum. The RSI at 38.03 is Neutral, neither overbought nor oversold. The STOCH value of 25.23 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SEIC.
SEI Investments Company Risk Analysis
SEI Investments Company disclosed 39 risk factors in its most recent earnings report. SEI Investments Company reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
SEI Investments Company Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
83 Outperform | $7.92B | 4.52 | 16.35% | 3.34% | 14.48% | 34.97% | |
73 Outperform | $9.44B | 14.01 | 30.29% | 1.18% | 9.33% | 33.17% | |
72 Outperform | $7.49B | 11.47 | 22.04% | 0.01% | 1.08% | 8.24% | |
69 Neutral | $12.44B | 12.10 | 5.06% | 5.33% | 2.31% | 5.71% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
66 Neutral | $10.81B | -42.08 | -2.06% | 3.08% | 6.64% | ― | |
65 Neutral | $5.89B | 8.20 | 9.00% | 5.30% | ― | ― |
* Financial Sector Average
SEIC
SEI Investments Company
77.20
-0.19
-0.25%
AMG
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108.00
62.55%
BEN
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JHG
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51.42
15.02
41.26%
OTF
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12.65
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-16.98%
SEI Investments Company Corporate Events
Business Operations and StrategyExecutive/Board Changes
SEI Investments Extends CEO Ryan Hicke’s Employment Agreement
Positive
Jan 15, 2026
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 annua...
Executive/Board ChangesDividends
SEI Investments Declares Dividend Reflecting Shareholder Commitment
Positive
Dec 17, 2025
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 te...
Business Operations and StrategyM&A Transactions
SEI Investments Completes First Stage of Stratos Acquisition
Positive
Dec 3, 2025
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 ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.