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SEI (SEIC) Reports Q2 Earnings: What Key Metrics Have to Say
ZACKS· 2024-07-25 01:31
SEI Investments (SEIC) reported $518.99 million in revenue for the quarter ended June 2024, representing a year-over-year increase of 6.1%. EPS of $1.05 for the same period compares to $0.89 a year ago. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health. Here is how SEI performed in the just reported quarter in terms of the ...
SEI(SEIC) - 2024 Q2 - Quarterly Results
2024-07-24 20:04
Investor/media contact: OAKS, Pa., July 24, 2024 – SEI Investments Company (NASDAQ:SEIC) today announced financial results for the secondquarter 2024. Diluted earnings per share were $1.05 in second-quarter 2024 compared to $0.89 in second-quarter 2023. 1 FOR IMMEDIATE RELEASE | --- | --- | --- | --- | --- | --- | --- | |---------------------------------------------------|-----------------------------------|---------------------------|-------|-------------------------------------|---------------------|----- ...
SEI Reports Second-Quarter 2024 Financial Results
Prnewswire· 2024-07-24 20:01
Consolidated Overview "Our second-quarter results reflect 6% profit growth quarter over quarter, as our focus on capital allocation, operational leverage, and revenue growth is seeing real traction and delivering results. We also have momentum across our markets, particularly with the increased adoption of our platforms in our technology and operational businesses," said CEO Ryan Hicke. OAKS, Pa., July 24, 2024 /PRNewswire/ -- SEI Investments Company (NASDAQ:SEIC) today announced financial results for the s ...
SEI to Announce Second-Quarter 2024 Earnings on Wednesday, July 24, 2024
Prnewswire· 2024-07-17 13:00
Group 1 - SEI intends to release its earnings for the second quarter of 2024 on July 24, 2024, after market close [1] - A conference call to discuss the financial results will take place at 4:30 p.m. Eastern time [1] - The public can listen to the conference call via the company's website, with replays available shortly after [3] Group 2 - SEI delivers technology and investment solutions for the financial services industry, managing approximately $1.5 trillion in assets as of March 31, 2024 [4]
What Makes SEI (SEIC) a New Buy Stock
ZACKS· 2024-07-15 17:01
Investors might want to bet on SEI Investments (SEIC) , as it has been recently upgraded to a Zacks Rank #2 (Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices. Individual investors often find it hard to make decisions based on rating upgrades by Wall Street analysts, since these are mostly driven by subjective factors that are hard to see and measure in real time. In these situations, the Zacks rating system comes in ...
SEI (SEIC) is an Incredible Growth Stock: 3 Reasons Why
ZACKS· 2024-07-11 17:45
SEI Investments (SEIC) is one such stock that our proprietary system currently recommends. The company not only has a favorable Growth Score, but also carries a top Zacks Rank. Earnings Growth Impressive Asset Utilization Ratio In addition to efficiency in generating sales, sales growth plays an important role. And SEI is well positioned from a sales growth perspective too. The company's sales are expected to grow 9.7% this year versus the industry average of 5.4%. The current-year earnings estimates for SE ...
3 Reasons Growth Investors Will Love SEI (SEIC)
ZACKS· 2024-06-25 17:45
Growth stocks are attractive to many investors, as above-average financial growth helps these stocks easily grab the market's attention and produce exceptional returns. But finding a great growth stock is not easy at all. However, the Zacks Growth Style Score (part of the Zacks Style Scores system), which looks beyond the traditional growth attributes to analyze a company's real growth prospects, makes it pretty easy to find cuttingedge growth stocks. In addition to volatility, these stocks carry above-aver ...
SEI Launches Practice Management Hub for Advisors in Canada
Prnewswire· 2024-06-11 13:00
Core Insights - SEI has launched GrowthLink, a practice management hub aimed at helping Canada-based advisors enhance client value and drive business growth through actionable tools [4][5] - The initiative focuses on five key practice management themes, designed to provide on-demand resources for advisors to implement actionable ideas [1][4] - SEI manages approximately CAD $2 trillion in assets as of March 31, 2024, indicating its significant presence in the financial services industry [5][6] Group 1 - GrowthLink aims to assist advisors in achieving business goals, gaining referrals, communicating differentiated messaging, finding ideal clients, and coaching through biases [4][5] - The platform is part of SEI's broader strategy to expand practice management capabilities globally, providing resources for advisors of all sizes [2][4] - Shauna Mace, Head of Practice Management, emphasized that GrowthLink will enable advisors to deepen client relationships with tailored advice [5] Group 2 - SEI's Canadian business, founded in 1983, offers integrated investment management and strategic advice solutions to institutional investors and intermediaries [6] - The company provides multi-manager, globally diversified strategies with a focus on appropriate home-country bias for Canadian retail investors [6] - SEI's investment approach includes goals-based strategies, strategic asset allocation strategies, and asset class funds available through select dealer relationships [6]
Here's Why SEI Investments (SEIC) is a Strong Momentum Stock
ZACKS· 2024-05-30 14:55
For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both. The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor. It also includes access to the Zacks Style Scores. What are the Zacks Style Scores? The Z ...
SEI Declares Dividend of $0.46 per Share
prnewswire.com· 2024-05-29 20:15
OAKS, Pa., May 29, 2024 /PRNewswire/ -- The Board of Directors of SEI Investments Company (NASDAQ: SEIC) on May 29, 2024 declared a regular semi-annual dividend of $0.46 per share. The cash dividend will be payable to shareholders of record on June 10, 2024, with a payment date of June 18, 2024. About SEI® SEI (NASDAQ: SEIC) delivers technology and investment solutions that connect the financial services industry. With capabilities across investment processing, operations, and asset management, SEI works wi ...