secwatch.observer — SEC 8-K summary
======================================

Issuer:     SEI INVESTMENTS CO (SEIC)
CIK:        0000350894
Form:       8-K
Filed at:   2023-01-25T23:59:59+00:00
Accession:  0000350894-23-000002
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SEI Q4 2022 diluted EPS $0.83 (-19% YoY); revenue $456.6M (-9%)
---------------------------------------------------------------

- Diluted EPS $0.83 vs $1.03 Q4 2021; revenue $456.6M vs $501.7M; net income $112.2M down 23%.
- Private Banks operating profit plunged 85% to $1.7M; Investment Advisors revenue fell 16%.
- Average AUM (excl LSV) down 19% to $162.4B; average AUA down 11% to $789.9B.
- Net sales events in Private Banks & Investment Managers $25M (Q4) and $72.5M (FY) of new annualized recurring revenue.
- Repurchased 1.3M shares for $79.6M; operating cash flow $137.6M; free cash flow $120.3M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/350894/000035089423000002/0000350894-23-000002-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/350894/000035089423000002/seic-20230125.htm
  HTML page:      https://secwatch.observer/filing/0000350894-23-000002

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer