It has been about a month since the last earnings report for SEI Investments (SEIC) . Shares have added about 1.9% in that time frame, underperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is SEI due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers. SEI Investments Q1 Earnings Beat as Revenues & A ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ________________________________________ FORM 10-Q ________________________________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OF 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from_________to ________ Commission File Number: 0-10200 ___________________________________ ...

SEI Investments Company (NASDAQ:SEIC) Q1 2024 Earnings Conference Call April 24, 2024 4:30 PM ET Company Participants Alex Whitelam - Investor Relations Ryan Hicke - Chief Executive Officer Dennis McGonigle - Chief Financial Officer Paul Klauder - Executive Vice President & Head of Advisor Business Conference Call Participants Owen Lau - Oppenheimer Jeff Schmitt - William Blair Ryan Kenny - Morgan Stanley Operator Ladies and gentlemen, thank you for standing by. Welcome to the SEI's First Quarter 2024 Earni ...

Financial Performance - Diluted earnings per share increased by 25% to $0.99 in Q1 2024 from $0.79 in Q1 2023[2] - Total revenues for Q1 2024 were $511.6 million, a 9% increase from $469.1 million in Q1 2023[3] - Net income rose by 23% to $131.4 million in Q1 2024 compared to $107.0 million in Q1 2023[3] - Cash flow from operations was $112.3 million, and free cash flow was $92.9 million in Q1 2024[7] Assets Under Management - Average assets under management increased by $8.1 billion, or 5%, to $175.9 billion in Q1 2024 from $167.8 billion in Q1 2023[7] - Total assets under management increased to $443.576 billion as of March 31, 2024, up from $431.990 billion in the previous quarter, representing a growth of 2.7%[18] - Client assets under administration reached $983.339 billion, an increase from $942.831 billion in the previous quarter, reflecting a growth of 4.3%[18] - Investment Advisors' total platform assets under management rose to $79.437 billion, up from $76.446 billion, marking a 3.9% increase[18] - Private Banks' total assets under management were $28.020 billion, slightly down from $28.416 billion, a decrease of 1.4%[18] - Institutional Investors' total assets under management stood at $78.149 billion, a decrease from $78.943 billion, reflecting a decline of 1.0%[18] - Average assets under management for Investment Managers increased to $156.944 billion in Q1 2024, up from $149.756 billion in Q4 2023, a growth of 4.5%[22] - New Businesses' total assets under management grew to $2.492 billion, up from $2.383 billion, representing a 4.6% increase[18] Revenue Segments - Revenues from the Investment Managers segment increased by 12% to $172.7 million in Q1 2024[5] - Operating profit for the Private Banks segment surged by 103% to $17.2 million in Q1 2024[5] Capital Expenditures - Capitalized software development costs were $6.3 million in Q1 2024, with $3.8 million allocated for enhancements to the SEI Wealth Platform[7] Shareholder Actions - The company repurchased 808 thousand shares for $56.0 million at an average price of $69.32 per share during Q1 2024[7] Additional Assets - The company administered an additional $11.0 billion in Funds of Funds assets, which do not generate administration fees[20] - Equity and fixed-income programs included $6.4 billion of assets invested in various asset allocation funds as of March 31, 2024[19] Client Advisement - Client assets under advisement for Institutional Investors increased to 6,862 million, up from 6,120 million, a growth of 12.1%[18]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from_________to ________ Commission File Number: 0-10200 ________________________________________ ________________________________________ SEI INVESTMENTS COMPANY (Exact name of R ...

SEI Investments Company (NASDAQ:SEIC) Q4 2023 Earnings Call Transcript January 31, 2024 4:30 PM ET Company Participants Alex Whitelam - IR Ryan Hicke - CEO Dennis McGonigle - CFO Sanjay Sharma - EVP and Global Head of Private Banking & Wealth Management Paul Klauder - EVP and Head of Advisor Business Phil McCabe - EVP and Head of Investment Manager Services Conference Call Participants Crispin Love - Piper Sandler Ryan Kenny - Morgan Stanley Owen Lau - Oppenheimer Mike Brown - KBW Operator Ladies and gentle ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ________________________________________ FORM 10-Q ________________________________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OF 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from_________to ________ Commission File Number: 0-10200 _______________________________ ...

Financial Data and Key Metrics Changes - Revenues for Q3 2023 were $477 million, an increase of 1% year-over-year, while net income was $116 million with an EPS of $0.87, reflecting a 13% increase on a comparable basis from the previous year [8][19][24] - Total expenses for the quarter were $368 million, down from $420 million in the previous year [19][24] - Net sales events totaled $14.5 million, with $11.1 million being net recurring [9][20] Business Line Data and Key Metrics Changes - The Investment Managers business showed strong revenue and earnings growth, with net sales for the quarter at $19 million, of which $16.8 million was recurring [22] - Private Banking signed three new deals and re-contracted five clients, contributing over $15 million in recurring revenue [12][21] - The Global Asset Management business experienced net positive cash flows of approximately $612 million, driven by separately managed accounts and open architecture technology [14][23] Market Data and Key Metrics Changes - The Institutional Investors segment faced challenges with corporate defined benefit curtailments and annuitizations, impacting revenue and profitability [17][31] - The company is focusing on enhancing its competitive position in the UK market through an upcoming acquisition of a master trust structure [25] Company Strategy and Development Direction - The company is focused on growing sales in segments where it can achieve repeatable success, particularly in investment managers and private banking [6][7] - There is an emphasis on investing in automation, AI, and alternative assets to drive scale and service excellence [6][7] - The company aims to enhance its market presence through increased client engagement and expanding its reach globally [84] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's long-term growth strategy while managing for profitability, despite a challenging market environment [6][7] - The management highlighted the importance of maintaining quality service to clients, which has led to successful client retention and new business opportunities [35][36] - There is an expectation of continued revenue growth driven by strategic initiatives and market opportunities [84] Other Important Information - The company repurchased 1.4 million shares at an average price of $61.43, totaling $86 million [87] - The tax rate for the quarter was 22.5%, with a slight decrease expected in the fourth quarter [95] Q&A Session Summary Question: Can you provide more details on the strength of the Investment Managers segment? - Management highlighted a focus on premium service levels, which has led to growth and client retention, particularly in launching new funds [35][36] Question: What new products are driving revenue growth? - New products are primarily driven by clients launching new offerings, with SEI being involved in the design and support of these products [42][99] Question: Can you elaborate on the client losses in the Investment Advisors and Institutional Investors segments? - Losses were attributed to market pressures, including fee competition and corporate defined benefit plan closures, but management is taking steps to improve retention [60][63] Question: How is the current market volatility impacting client behavior? - Market volatility has led clients to explore risk transfer strategies, creating opportunities for SEI to engage in advisory conversations [65][66] Question: What measures are in place to protect margins in a challenging environment? - Management discussed historical margin performance and emphasized the importance of maintaining long-term strategic growth while managing costs effectively [72][79]

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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ________________________________________ FORM 10-Q ________________________________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OF 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from_________to ________ Commission File Number: 0-10200 ____________________________________ ...