secwatch.observer — SEC 8-K summary
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Issuer:     SEI INVESTMENTS CO (SEIC)
CIK:        0000350894
Form:       8-K
Filed at:   2024-07-24T23:59:59+00:00
Accession:  0000350894-24-000099
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SEI Q2 2024 EPS $1.05, up 18% YoY; revenue $519M, up 6%
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- Diluted EPS $1.05 vs $0.89; net income $139M, up 17% YoY.
- Revenue $519M, up 6%; average assets under administration $1.0T (+16%).
- Investment Managers segment revenue up 13%; operating margin 38% vs 35%.
- Repurchased 1.6M shares for $111M at avg $67.44; free cash flow $100.6M.
- Net sales events of $26.9M in Private Banks/Investment Managers; expected annualized recurring revenue $21.5M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/350894/000035089424000099/0000350894-24-000099-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/350894/000035089424000099/seic-20240724.htm
  HTML page:      https://secwatch.observer/filing/0000350894-24-000099

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