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AI brief of an SEC Form 8-K · SEI Investments (SEIC)

SEI Q3 Diluted EPS Rises 37% to $1.19; Board Adds $400 Million to Buyback

Positive Impact 4 of 5 earnings Written later

SEI reported third-quarter 2024 revenue of $537.4 million, up 13% from a year earlier, and diluted earnings per share of $1.19, up from $0.87. Results included a one-time $8.2 million gain on a New York property sale and an approximately $5.3 million LSV performance fee. On October 22, 2024, the board raised the stock repurchase authorization by $400 million to approximately $429 million, which includes $29 million remaining under the prior authorization.

Key points

  • Revenue of $537.4 million, up 13% from $476.8 million; operating margin of 26.8% versus 22.8%.
  • Diluted EPS of $1.19 versus $0.87; the $8.2 million property gain added $0.05 per share.
  • Net sales events of $46.4 million, the highest level for any single quarter in company history.
  • Board approved an additional $400 million repurchase authority on October 22, 2024; SEI bought back 1.3 million shares for $85.8 million in the quarter.

The filing

CompanySEI Investments (SEIC)
Form8-K, current report
Filed with the SECOct 23, 2024, 4:08 PM ET
Accession number0000350894-24-000127

Items reported: 2.02 Results of Operations8.01 Other Events

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:12 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 23, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.