SEI Investments Company
- Open
- 110.00
- Day high
- 111.43
- Day low
- 109.89
- Prev close
- 109.12
- Volume
- 49K
- Mkt cap
- $13.3B
- P/E (TTM)
- 19.2
- EPS (TTM)
- $5.80
- P/B
- 5.3
- P/S
- 5.4
- Yield
- 0.47%
- Per share
- $0.52
- ▼Insiders net selling -$16.7M over the last 3 months (0 open-market buys, 14 sales)
- 🏛Institutions mixed (13F)
SEI Investments Company (SEIC) is a Financial Services company listed on NASDAQ. The stock is up 24% over the past year. Over the trailing 3 months, insiders filed 0 open-market buys and 14 sales (SEC Form 4). Drillr has 1 published research article covering SEIC.
SEI Investments Company (SEIC) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 4 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
SEIC earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Jul 22, 2026 | $1.46 | $1.66 | +13.9% | $642M | +1.0% |
| Apr 22, 2026 | $1.29 | $1.44 | +11.6% | $622M | +2.0% |
| Jan 28, 2026 | $1.34 | $1.38 | +3.0% | $608M | -10.4% |
| Oct 22, 2025 | $1.25 | $1.30 | +4.0% | $579M | -1.2% |
| Jul 23, 2025 | $1.19 | $1.78 | +49.6% | $560M | -1.1% |
| Apr 23, 2025 | $1.12 | $1.17 | +4.5% | $551M | +0.7% |
| Jan 29, 2025 | $1.21 | $1.19 | -1.7% | $557M | +0.5% |
| Oct 23, 2024 | $1.07 | $1.19 | +11.2% | $537M | +0.6% |
| Jul 24, 2024 | $1.05 | $1.05 | +0.0% | $519M | -0.9% |
| Jan 31, 2024 | $0.92 | $0.91 | -0.7% | $485M | +1.2% |
| Oct 25, 2023 | $0.86 | $0.87 | +0.6% | $477M | -0.7% |
| Jul 26, 2023 | $0.85 | $0.89 | +4.1% | $489M | +2.4% |
SEIC insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Aug 6, 2026 | McCabe Philipofficer: See Remarks | Option | 5,043 | $49.63 |
| Aug 6, 2026 | McCabe Philipofficer: See Remarks | Option | 15,000 | $49.63 |
| Aug 6, 2026 | McCabe Philipofficer: See Remarks | Sell | 24,957 | $105.04 |
| Aug 6, 2026 | McCabe Philipofficer: See Remarks | Option | 9,957 | $49.63 |
| Aug 6, 2026 | McCabe Philipofficer: See Remarks | Sell | 5,043 | $105.50 |
| Aug 4, 2026 | MCCARTHY KATHRYNdirector | Sell | 10,000 | $103.53 |
| Aug 4, 2026 | MCCARTHY KATHRYNdirector | Option | 5,000 | $71.12 |
| Jul 30, 2026 | GUARINO CARLdirector | Sell | 10,000 | $103.19 |
| Jul 30, 2026 | Peterson Michaelofficer: Executive Vice President | Sell | 25,000 | $102.05 |
| Jul 30, 2026 | Peterson Michaelofficer: Executive Vice President | Option | 25,000 | $55.73 |
| Jul 30, 2026 | Warner Mark Andrewofficer: See Remarks* | Sell | 7,400 | $102.97 |
| Jul 30, 2026 | GUARINO CARLdirector | Option | 5,000 | $49.63 |
| Jul 30, 2026 | Warner Mark Andrewofficer: See Remarks* | Option | 2,500 | $64.43 |
| Jul 30, 2026 | Warner Mark Andrewofficer: See Remarks* | Sell | 2,300 | $101.11 |
| Jul 30, 2026 | Warner Mark Andrewofficer: See Remarks* | Option | 5,000 | $56.54 |
Source: SEIC SEC Form 4 filings, latest Aug 6, 2026. For informational purposes only — not investment advice.
See the full SEIC insider & 13F page →SEI Investments Company company profile
Overview
SEI Investments Company (NASDAQ:SEIC) is a financial services holding company founded in 1968 and headquartered in Oaks, Pennsylvania. The company went public in 1981 and has evolved from its origins into a comprehensive provider of investment processing, asset management, and wealth management solutions. SEI operates through multiple business segments serving institutional investors, investment managers, private banks, and financial advisors. The company manages approximately $1.6 trillion in assets under management and administration, positioning itself as a significant player in the outsourced investment services industry.
Business
SEI Investments operates in the financial services sector, specifically focusing on investment processing outsourcing and asset management solutions. The company provides technology-enabled services that allow financial institutions and investment managers to outsource complex operational functions rather than building these capabilities in-house. The company operates through four primary business segments: 1. Investment Managers Segment (~34% of revenue): Provides outsourced investment processing services to traditional asset managers, alternative investment firms, and global investment companies. This includes fund administration, accounting, compliance, and distribution services for mutual funds, hedge funds, and other investment vehicles. The segment has grown significantly in the alternatives space, with approximately 70% of revenue coming from alternative investment servicing. 2. Private Banking Segment (~24% of revenue): Delivers comprehensive wealth management technology platforms and services to regional banks, community banks, and private wealth managers. This includes portfolio management systems, trust accounting, client reporting, and advisory services that help smaller financial institutions compete with larger players without the overhead of building proprietary systems. 3. Investment Advisors Segment (~23% of revenue): Serves registered investment advisors (RIAs) and independent financial advisors through the SEI Wealth Platform, providing portfolio management tools, investment solutions, and operational support. The segment has been growing through its integrated cash program and expansion in the RIA market. 4. Institutional Investors Segment (~19% of revenue): Offers outsourced chief investment officer (OCIO) services, investment management, and administrative services to institutional clients such as corporations, non-profits, foundations, and retirement plans. This segment focuses on providing comprehensive investment solutions and fiduciary oversight. The company also operates LSV Asset Management, a quantitative equity investment firm that contributes additional revenue through traditional asset management fees. SEI's business model centers on providing "platform-as-a-service" solutions that combine technology, investment expertise, and operational services into integrated offerings.
Revenue model
SEI generates revenue through multiple streams across its business segments, primarily operating on a fee-for-service model based on assets under management and administration. Primary Revenue Sources: 1. Asset-based fees: The majority of revenue comes from fees calculated as a percentage of assets under management or administration. These fees typically range from 0.15% to 1.50% annually depending on the service complexity and client segment. 2. Transaction and processing fees: SEI earns fees for processing investment transactions, fund administration, and operational services. This includes setup fees for new clients, ongoing administrative fees, and transaction-based charges. 3. Professional services revenue: The company generates additional income through consulting, implementation services, and specialized advisory services, particularly in the private banking and institutional segments. 4. Technology licensing and platform fees: Revenue from licensing SEI's proprietary technology platforms and providing ongoing technical support and maintenance. Key Margin Drivers: Positive margin factors include economies of scale as assets under management grow, operational leverage from technology investments, and the recurring nature of most fee structures. The company benefits from market appreciation, which increases asset-based fees without proportional cost increases. Cross-selling additional services to existing clients also improves margins by leveraging existing relationships. Negative margin pressures include competitive fee compression in the asset management industry, significant upfront technology and infrastructure investments required for new clients, and regulatory compliance costs. Market volatility can reduce asset-based fees, while the company must maintain service levels regardless of market conditions. The business also faces margin pressure from the need to continuously invest in technology upgrades and cybersecurity measures to remain competitive. The integrated cash program, launched in recent years, provides additional revenue through interest rate spreads but is sensitive to Federal Reserve rate changes. Client concentration risk exists, though SEI maintains low client attrition rates of approximately 1% annually.
Competitive moat
SEI's competitive moat is moderately strong but faces increasing challenges from both traditional competitors and emerging fintech solutions. The company's primary moat stems from several factors: Switching costs and operational integration represent SEI's strongest competitive advantage. Once clients implement SEI's platforms, the cost and complexity of switching to competitors creates significant client stickiness. The company's technology becomes deeply embedded in clients' daily operations, making transitions disruptive and expensive. This is evidenced by SEI's historically low 1% annual client attrition rate. Economies of scale and operational leverage provide another layer of protection. SEI's ability to spread technology development costs across a large client base allows it to offer comprehensive solutions that smaller competitors cannot match cost-effectively. The company's $1.6 trillion in assets under administration creates operational efficiencies that benefit both SEI and its clients. Regulatory expertise and compliance infrastructure serve as barriers to entry, particularly in the institutional and private banking segments. SEI's investment in regulatory compliance and risk management systems represents significant capital that competitors must replicate. However, SEI's moat faces several challenges. Technology disruption from fintech companies and cloud-based solutions threatens traditional outsourcing models. Larger competitors like BlackRock, State Street, and Fidelity have greater resources for technology investment and can offer more comprehensive solutions. Fee compression across the asset management industry pressures margins and could erode SEI's value proposition. The company's position in the middle market creates both opportunity and vulnerability. While SEI serves clients too small for the largest providers, it must compete with specialized point solutions and emerging technologies that could disaggregate its integrated platform approach. The moat is sustainable in the medium term but requires continuous investment in technology and service innovation to maintain competitive positioning.
Risks & safety
SEI demonstrates strong financial safety with robust liquidity and conservative capital structure, though valuation metrics suggest limited margin of safety at current prices. Liquidity and Solvency: - Cash and short-term investments: $710.7 million (Q1 2025) - Current ratio: 5.66x, indicating excellent short-term liquidity - Debt-to-equity ratio: 0.013, representing minimal leverage - Free cash flow: $130.5 million (Q1 2025), demonstrating strong cash generation - No meaningful solvency risk given strong balance sheet Valuation Metrics: - Price-to-earnings ratio: 16.2x (Q1 2025) - Price-to-book ratio: 4.35x - EV/EBITDA: 14.5x - Graham number suggests fair value around $21.92 vs. current price of $77.78 Other Considerations: - Return on equity: 6.7%, indicating reasonable but not exceptional profitability - Business model provides recurring revenue streams with predictable cash flows - Asset-based fee structure creates some sensitivity to market volatility - Strong share repurchase program ($193 million in Q1 2025) returns excess capital to shareholders
Recent development
Over the past few years, SEI has undergone significant strategic transformation, shifting from a segment-focused approach to an enterprise-first mindset that emphasizes cross-selling and comprehensive client solutions. Strategic Positioning Changes: The company restructured its asset management businesses under unified leadership to better leverage investment solutions across institutional and intermediary markets. This organizational change aims to create innovation synergies and accelerate growth by breaking down internal silos. Technology and Platform Investments: SEI has made substantial investments in modernizing its technology infrastructure, including the launch of SEI Sphere for cybersecurity and cloud services, and partnerships with companies like Snowflake for data cloud capabilities. The company is actively exploring artificial intelligence applications across its business pillars and investing in operational automation. Market Expansion Initiatives: The company has aggressively expanded its global footprint, particularly in the investment managers segment, with significant growth in Luxembourg for alternative investment servicing. SEI has also focused on the regional and community banking market, which represents 60-70% of growth in the private banking segment. Strategic Acquisitions: Key acquisitions include LifeYield for tax-smart technology integration and Altigo, a cloud-based alternative investments platform. These acquisitions enhance SEI's unified managed household solutions and alternative investment capabilities. New Product Development: The company launched an integrated cash program that has grown to $2.4 billion in balances, launched new SMA programs and ETFs, and introduced SEI Steer as a new business venture. The company is also developing tax and income optimization products to enhance its wealth management offerings. Operational Excellence: SEI has maintained focus on talent acquisition and retention while implementing voluntary separation programs to create internal mobility opportunities. The company held its first global client symposium in March 2025, demonstrating its enterprise approach and comprehensive solution offerings.
SEIC company profile · for informational purposes only — not investment advice.
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