other material
confidence high
sentiment positive
materiality 0.55
SEI Investments expands stock buyback by $250M, total authorization ~$263M
SEI INVESTMENTS CO
- Board of Directors approved $250M increase to share repurchase program, effective April 18, 2023.
- Total available repurchase authorization now approximately $263 million (up from $13 million).
- Credit facility amended to adopt SOFR as alternative reference rate in place of LIBOR; all other terms unchanged.