Sei Investments Company (SEIC)
NASDAQ:SEIC
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SEI Investments Company
(NASDAQ:SEIC)
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Rating:81Outperform
Price Target:
$104.00
â–²(30.34% Upside)
Action:Reiterated
Date:05/29/26
The score is driven primarily by strong financial quality (high profitability, very low leverage, and solid cash generation despite recent FCF softness) and a positive earnings outlook supported by record sales activity and continued margin expansion plans. Valuation is supportive with a moderate P/E and modest yield, while technicals are mixed due to near-term softness versus the 20-day average despite a still-positive intermediate trend.
Positive Factors
Conservative Balance Sheet
SEI’s exceptionally low leverage (TTM debt/equity ~0.02) provides durable financial flexibility. That conservatism supports sustained buybacks, opportunistic capital deployment, and resilience through market drawdowns without relying on new debt, underpinning long-term strategic optionality.
Negative Factors
IMS Onboarding Lumpiness & Margin Drag
Large IMS enterprise wins bring multi-period onboarding costs and timing-driven recognition that compress margins initially. This structural lumpiness can depress near-to-medium-term profitability and make quarter-to-quarter operating results more volatile until deals fully scale and margins normalize.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative Balance Sheet
SEI’s exceptionally low leverage (TTM debt/equity ~0.02) provides durable financial flexibility. That conservatism supports sustained buybacks, opportunistic capital deployment, and resilience through market drawdowns without relying on new debt, underpinning long-term strategic optionality.
Read all positive factors
SEI Investments Company (SEIC) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$10.56B
Dividend Yield1.18%
Average Volume (3M)538.63K
Price to Earnings (P/E)14.3
Beta (1Y)0.96
Revenue Growth9.37%
EPS Growth28.61%
CountryUS
Employees5,066
SectorFinancial
Sector Strength70
IndustryAsset Management
Share Statistics
EPS (TTM)5.99
Shares Outstanding120,272,980
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 Cap0.97
Enterprise Value/Revenue4.33
Enterprise Value/Gross Profit7.17
Enterprise Value/Ebitda10.29
Forecast
1Y Price Target
$98.76Price Target Upside23.77% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering6
EPS Forecast (FY)5.43
Revenue Forecast (FY)$2.50B
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 primarily makes money by charging fees for (1) providing investment-processing and wealth/asset-management platforms and (2) managing client assets through its investment products and advisory mandates. A major revenue stream is recurring, con...
SEI Investments Company Earnings Call Summary
Earnings Call Date:Apr 22, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Jul 29, 2026
Earnings Call Sentiment Positive
The call conveyed strong, broad-based operational execution: double-digit adjusted EPS growth, a record quarter of net sales events (driven by large IMS enterprise mandates), improved adjusted operating profits and margin expansion, robust share repurchases and continued asset momentum (Advisors inflows and AUA/platform +4%). Near-term headwinds include a sequential EPS decline driven by tax and LSV seasonality (~$0.15), IMS margin drag from onboarding costs and the absence of a prior accrual true-up (~150 bps), LSV outflows (~$2B) and one-time consolidation impacts from Stratos (intangible amortization). Management framed AI and the IBM partnership as net positives and expects the large IMS wins to expand revenues over time, though they will create some lumpiness and near-term margin pressure. Taken together, the positives (record sales, double-digit EPS and operating profit growth, margin expansion and disciplined capital return) substantially outweigh the near-term and manageable lowlights.Positive Updates
Adjusted EPS and Earnings Growth
Q1 adjusted EPS of $1.44, up more than 20% year-over-year (Sean: adjusted EPS +21% YoY; GAAP EPS +20% YoY). Adjusted operating income increased versus the prior quarter and drove meaningful EPS expansion.
Negative Updates
Sequential EPS Headwinds
Adjusted EPS declined sequentially versus Q4 as expected due to a higher effective tax rate and lower investment income and performance fees from LSV; collectively these below-the-line items imposed a ~ $0.15 headwind to EPS versus Q4.
Read all updates
Q1-2026 Updates
Positive
Negative
Adjusted EPS and Earnings Growth
Q1 adjusted EPS of $1.44, up more than 20% year-over-year (Sean: adjusted EPS +21% YoY; GAAP EPS +20% YoY). Adjusted operating income increased versus the prior quarter and drove meaningful EPS expansion.
Read all positive updates
Company Guidance
Management guided that momentum should continue: they expect sales events to trend up year‑over‑year after Q1’s record $67M of net sales events ($57M recurring, $10M professional services) led by IMS’ >$50M, with the large IMS wins ramping revenue over coming quarters and margins for those deals normalizing by mid‑2027 (year‑one revenue/expense roughly flat); they expect institutional flows to be net‑positive later this year after Q1’s < $1B institutional outflow (driven by a DB annuitization), and Asset Management posted ~$1.5B of net inflows in Q1 while AUA/on‑platform rose 4%. On profitability they reiterated confidence in continued margin expansion after Q1 adjusted EPS of $1.44 (+21% YoY; GAAP EPS +20% YoY), adjusted operating profit +24% YoY (+6% sequentially) and noted a $0.15 EPS headwind versus Q4 from tax/LSV seasonality; capital allocation commentary included $208M of repurchases in Q1, $363M of cash on the balance sheet, and a commitment to remain active buyers. Stratos (first full quarter) contributed ~ $20M revenue / $3M operating profit (~$8M consolidated EBITDA ex‑D&A), 1/3 of Professional Services sales events were international, and SEI reiterated that these initiatives support continued growth and margin improvement.SEI Investments Company Financial Statement Overview
Summary
Income Statement
86
Very Positive
Balance Sheet
92
Very Positive
Cash Flow
78
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.37B | 2.30B | 2.13B | 1.92B | 1.99B | 1.92B |
| Gross Profit | 1.43B | 1.36B | 1.13B | 984.14M | 1.05B | 1.09B |
| EBITDA | 995.83M | 859.28M | 822.55M | 669.21M | 561.23M | 646.92M |
| Net Income | 738.27M | 715.30M | 581.19M | 462.26M | 475.47M | 546.59M |
Balance Sheet | ||||||
| Total Assets | 3.28B | 3.26B | 2.68B | 2.52B | 2.38B | 2.35B |
| Cash, Cash Equivalents and Short-Term Investments | 395.24M | 433.58M | 869.47M | 866.03M | 885.16M | 859.67M |
| Total Debt | 42.47M | 8.68M | 32.13M | 25.35M | 29.13M | 78.97M |
| Total Liabilities | 518.57M | 556.07M | 432.49M | 388.18M | 429.73M | 493.94M |
| Stockholders Equity | 2.45B | 2.45B | 2.25B | 2.13B | 1.95B | 1.86B |
Cash Flow | ||||||
| Free Cash Flow | 660.91M | 585.02M | 565.78M | 388.24M | 491.63M | 580.57M |
| Operating Cash Flow | 682.76M | 607.66M | 622.34M | 447.03M | 566.12M | 633.10M |
| Investing Cash Flow | -372.97M | -399.09M | -117.30M | -141.54M | -89.81M | -164.88M |
| Financing Cash Flow | -586.33M | -589.50M | -494.40M | -331.32M | -437.24M | -422.32M |
SEI Investments Company Technical Analysis
Positive
79.79
Price Trends
85.39
Positive
83.96
Positive
83.77
Positive
Market Momentum
0.30
Positive
42.86
Neutral
13.77
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SEIC, the sentiment is Positive. The current price of 79.79 is below the 20-day moving average (MA) of 90.23, below the 50-day MA of 85.39, and below the 200-day MA of 83.77, indicating a neutral trend. The MACD of 0.30 indicates Positive momentum. The RSI at 42.86 is Neutral, neither overbought nor oversold. The STOCH value of 13.77 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 |
|---|---|---|---|---|---|---|---|
81 Outperform | $10.56B | 14.34 | 30.64% | 1.18% | 9.37% | 28.61% | |
75 Outperform | $8.20B | 11.07 | 23.38% | 0.01% | 4.59% | 88.44% | |
75 Outperform | $7.97B | 10.05 | 15.40% | 3.34% | 27.93% | 102.14% | |
72 Outperform | $16.17B | 19.36 | 6.69% | 5.33% | 3.11% | 89.49% | |
68 Neutral | $12.23B | -49.94 | -1.86% | 3.08% | 11.02% | -218.32% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
54 Neutral | $5.11B | 11.98 | 5.33% | 5.30% | 134.47% | -36.39% |
* Financial Sector Average
SEIC
SEI Investments Company
87.01
2.86
3.40%
AMG
Affiliated Managers
311.61
131.95
73.44%
BEN
Franklin Resources
30.37
10.17
50.32%
IVZ
Invesco
26.94
13.01
93.37%
JHG
Janus Henderson Group
51.75
16.27
45.86%
OTF
Blue Owl Technology Finance Corp.
10.90
-3.91
-26.41%
SEI Investments Company Corporate Events
Executive/Board ChangesDividendsShareholder Meetings
SEI Investments Shareholders Approve Directors and Dividend
Positive
May 28, 2026
At its May 27, 2026 annual meeting, SEI Investments Company shareholders elected three directors—Ryan P. Hicke, Kathryn M. McCarthy, and Thomas C. Naratil—to terms expiring in 2029, while the remaining class-based directors continued i...
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.