secwatch.observer — SEC 8-K summary
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Issuer:     SEI INVESTMENTS CO (SEIC)
CIK:        0000350894
Form:       8-K
Filed at:   2024-01-31T23:59:59+00:00
Accession:  0000350894-24-000004
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SEI Q4 2023 EPS $0.91 beats $0.83 YoY; revenue up 6% to $484.9M
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- Diluted EPS $0.91 vs $0.83 YoY; net income $120.7M, up 8%.
- Revenue $484.9M (+6% YoY) driven by higher AUM/A fees and SWP growth.
- Net sales events $22.9M in Q4, expected to generate $17.6M annualized recurring revenue.
- Completed acquisitions of National Pensions Trust and Altigo, a cloud-based alt-investment platform.
- One-time expenses of ~$11M (asset write-off, severance); repurchased 1.2M shares for $68.9M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/350894/000035089424000004/0000350894-24-000004-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/350894/000035089424000004/seic-20240131.htm
  HTML page:      https://secwatch.observer/filing/0000350894-24-000004

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