secwatch.observer — SEC 8-K summary
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Issuer:     SEI INVESTMENTS CO (SEIC)
CIK:        0000350894
Form:       8-K
Filed at:   2023-07-26T23:59:59+00:00
Accession:  0000350894-23-000069
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SEI Q2 2023 EPS $0.89 beats prior year; revenue up 2% to $489M
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- Diluted EPS $0.89 vs $0.81 YoY; net income $118.9M (+7%).
- Revenue $489.1M (+2% YoY); Private Banks +8%, Investment Managers +6%, Advisors -3%.
- One-time early buyout fee of $10.5M boosted Private Banks revenue.
- Repurchased 1.3M shares for $75.5M at avg $58.56 during Q2.
- Cash flow from operations $68.2M; free cash flow $53.4M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/350894/000035089423000069/0000350894-23-000069-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/350894/000035089423000069/seic-20230726.htm
  HTML page:      https://secwatch.observer/filing/0000350894-23-000069

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