secwatch.observer — SEC 8-K summary
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Issuer:     SEI INVESTMENTS CO (SEIC)
CIK:        0000350894
Form:       8-K
Filed at:   2024-10-23T23:59:59+00:00
Accession:  0000350894-24-000127
Event type: earnings
Sentiment:  positive
Materiality: 0.82
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SEI reports Q3 EPS $1.19 (+37% YoY), record sales events $46M, $400M buyback boost
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- Diluted EPS $1.19 vs $0.87 YoY; revenue $537.4M (+13%); operating margin 26.8% vs 22.8%.
- Net sales events of $46.4M, highest single-quarter level; expected annualized recurring revenue $34.9M.
- Record combined AUM/AUA/AUA of ~$1.6 trillion; each business segment posted revenue and margin growth.
- Board approved $400M increase in stock repurchase program, total authorization now ~$429M.
- Repurchased 1.3M shares for $85.8M during Q3; includes one-time gain of $8.2M from property sale.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/350894/000035089424000127/0000350894-24-000127-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/350894/000035089424000127/seic-20241022.htm
  HTML page:      https://secwatch.observer/filing/0000350894-24-000127

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