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SEI Investments Company
(NASDAQ:SEIC)
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Rating:79Outperform
Price Target:
$120.00
▲(8.32% Upside)
Action:Reiterated
Date:10/23/26
SEIC scores well primarily on high-quality financials (strong margins, very low leverage, high ROE) and a constructive earnings-call outlook (record sales momentum, strong pipelines, and growth initiatives like ETFs/transfer agency). The score is held back by mixed recent cash flow momentum (sharp TTM FCF decline) and only neutral near-term technical signals.
Positive Factors
Strong growth and profitability
SEI combines accelerating revenue with exceptionally high gross and operating profitability, indicating a scalable business model. Strong margins provide resources to invest in technology, products, and client service while supporting resilience if growth moderates over the next several quarters.
Negative Factors
Free cash flow deterioration
Although absolute cash generation remains strong, the sharp year-over-year free cash flow decline reduces visibility into near-term earnings conversion. Persistent volatility could constrain the pace of reinvestment, repurchases, or other capital allocation even though current operating cash flow remains solid.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong growth and profitability
SEI combines accelerating revenue with exceptionally high gross and operating profitability, indicating a scalable business model. Strong margins provide resources to invest in technology, products, and client service while supporting resilience if growth moderates over the next several quarters.
Read all positive factors
SEI Investments Company Key Performance Indicators (KPIs)
Any
Revenue by Segment
Breaks down SEI’s sales across its business lines (such as investment management, wealth solutions, and technology services), showing which segments drive top-line growth and how diversified the company’s revenue base is. Reveals exposure to fee pressure, client concentration, and sensitivity to market-driven revenue swings.
Breaks down SEI’s sales across its business lines (such as investment management, wealth solutions, and technology services), showing which segments drive top-line growth and how diversified the company’s revenue base is. Reveals exposure to fee pressure, client concentration, and sensitivity to market-driven revenue swings.
Data provided by:
The Fly
The FlySEI Investments Company (SEIC) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$12.40B
Dividend Yield1.01%
Average Volume (3M)898.64K
Price to Earnings (P/E)17.5
Beta (1Y)0.95
Revenue Growth12.86%
EPS Growth5.86%
CountryUS
Employees5,013
SectorFinancial
Sector Strength70
IndustryAsset Management
Share Statistics
EPS (TTM)5.89
Shares Outstanding120,019,180
10 Day Avg. Volume896,846
30 Day Avg. Volume898,645
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 Cap1.01
Enterprise Value/Revenue4.93
Enterprise Value/Gross Profit6.48
Enterprise Value/Ebitda12.80
Forecast
1Y Price Target
$129.17Price Target Upside16.60% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering6
EPS Forecast (FY)6.36
Revenue Forecast (FY)$2.60B
SEI Investments Company Business Overview & Revenue Model
Company Description
SEI Investments Company is a publicly traded enterprise primarily focused on asset management. Leveraging its network of subsidiaries, SEI delivers a comprehensive suite of financial offerings. These encompass wealth, retirement, and investment so...
How the Company Makes Money
SEI primarily generates revenue from fees tied to (1) administering and processing client assets on its platforms and (2) managing assets in its investment strategies. A major component of SEI’s revenue model is asset-based fees earned for providi...
SEI Investments Company Earnings Call Summary
Earnings Call Date:Oct 21, 2026
(Q3-2026)
| % Change Since: |
Next Earnings Date:Feb 03, 2027
Earnings Call Sentiment Positive
The call was strongly positive, led by double-digit revenue, operating profit, and adjusted EPS growth; record or near-record sales activity; broad-based segment performance; strong pipelines; and continued momentum in ETFs, professional services, AI, transfer agency, and Stratos. The main negative items were a sequential adjusted EPS and margin decline from variable investment gains and higher incentive compensation, a $32.5 million GAAP net income reduction tied to the NSC termination, institutional revenue contraction, mixed AUM flows, and LSV outflows. Highlights significantly outweighed lowlights.Positive Updates
Strong Third-Quarter Financial Growth
Third-quarter revenue grew 14% year over year, adjusted operating profit increased 25%, and adjusted EPS rose 24%. Adjusted EPS was nearly 50% above the level achieved two years ago.
Negative Updates
Quarter-over-Quarter Adjusted EPS Decline
Adjusted EPS declined by $0.02 compared with the second quarter. The decline was driven by an $8 million sequential reduction in net gains on investments in variable interest entities and the incentive compensation adjustment.
Read all updates
Q3-2026 Updates
Positive
Negative
Strong Third-Quarter Financial Growth
Third-quarter revenue grew 14% year over year, adjusted operating profit increased 25%, and adjusted EPS rose 24%. Adjusted EPS was nearly 50% above the level achieved two years ago.
Read all positive updates
Company Guidance
Management said the ETF business has the potential to double again next year; combined transfer agency and fund administration revenue is expected to exceed $10 million on a run rate basis by the end of next year, although “the $10 million number will be a little bit light”; $5 billion in LSV net outflows is expected to improve next quarter; fourth-quarter share repurchase activity is expected to be similar to the level achieved in the third quarter, when SEI repurchased $215 million of shares at an average price of $105; the additional $800 million of repurchase capacity gives SEI the ability to remain active well into 2027; the $6 million incentive compensation accrual is a one-timer that goes away next quarter, with another 25% hitting in Q4, or $1.5 million; pipelines for Q4 and into early 2027 show a lot of the same trends; and a competitor’s action could leave up to $50 billion seeking a new home, which SEI feels will be new pipeline coming into 2027.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 | 2.54B | 2.30B | 2.13B | 1.92B | 1.99B | 1.92B |
| Gross Profit | 1.93B | 1.36B | 1.13B | 984.14M | 1.05B | 1.09B |
| EBITDA | 977.22M | 899.34M | 822.55M | 669.21M | 561.23M | 646.92M |
| Net Income | 710.90M | 715.30M | 581.19M | 462.26M | 475.47M | 546.59M |
Balance Sheet | ||||||
| Total Assets | 3.43B | 3.26B | 2.68B | 2.52B | 2.38B | 2.35B |
| Cash, Cash Equivalents and Short-Term Investments | 425.52M | 433.58M | 869.47M | 866.03M | 885.16M | 859.67M |
| Total Debt | 45.83M | 28.56M | 32.13M | 25.35M | 29.13M | 78.97M |
| Total Liabilities | 557.34M | 556.07M | 432.49M | 388.18M | 429.73M | 493.94M |
| Stockholders Equity | 2.51B | 2.45B | 2.25B | 2.13B | 1.95B | 1.86B |
Cash Flow | ||||||
| Free Cash Flow | 690.15M | 585.02M | 565.78M | 388.24M | 491.63M | 580.57M |
| Operating Cash Flow | 691.73M | 607.66M | 622.34M | 447.03M | 566.12M | 633.10M |
| Investing Cash Flow | -471.68M | -399.09M | -117.30M | -141.54M | -89.81M | -164.88M |
| Financing Cash Flow | -585.53M | -589.50M | -494.40M | -331.32M | -437.24M | -422.32M |
SEI Investments Company Technical Analysis
Neutral
110.78
Price Trends
106.26
Negative
101.16
Positive
92.32
Positive
Market Momentum
-0.18
Positive
45.14
Neutral
14.29
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SEIC, the sentiment is Neutral. The current price of 110.78 is above the 20-day moving average (MA) of 104.22, above the 50-day MA of 106.26, and above the 200-day MA of 92.32, indicating a neutral trend. The MACD of -0.18 indicates Positive momentum. The RSI at 45.14 is Neutral, neither overbought nor oversold. The STOCH value of 14.29 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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 |
|---|---|---|---|---|---|---|---|
79 Outperform | $12.40B | 17.54 | 28.69% | 1.01% | 12.86% | 5.86% | |
79 Outperform | $22.08B | 10.37 | 20.45% | 5.00% | 6.97% | 11.41% | |
68 Neutral | $15.75B | 20.66 | 7.42% | 4.26% | 8.39% | 181.11% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
66 Neutral | $46.36B | 13.64 | 13.10% | 2.02% | 3.23% | 29.87% | |
60 Neutral | $12.60B | -41.96 | -0.51% | 2.98% | 15.64% | -173.65% | |
60 Neutral | $31.02B | 13.22 | 18.41% | 1.97% | 6.57% | 48.88% |
* Financial Sector Average
SEIC
SEI Investments Company
103.34
21.26
25.90%
BEN
Franklin Resources
30.99
8.71
39.11%
IVZ
Invesco
28.53
5.79
25.48%
STT
State Street
169.94
55.62
48.66%
TROW
T Rowe Price
103.49
3.82
3.83%
NTRS
Northern
169.55
45.97
37.20%
SEI Investments Company Corporate Events
Business Operations and StrategyStock BuybackFinancial Disclosures
SEI Investments Expands Buyback After Strong Quarterly Results
Positive
Oct 21, 2026
In the third quarter of 2026, SEI Investments Company reported strong financial performance, with revenue rising 14% year-on-year to $662.0 million and income from operations up 24%, lifting the operating margin to 30%. Diluted EPS increased 6% to...
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.