|Over a week ago|
SEI Investments acquires Novus Partners, terms not disclosed » 09:3811/1211/12/21
SEI announced the…
SEI announced the acquisition of Novus Partners, a global portfolio intelligence platform company, designed to expand SEI's capabilities for both the institutional investor and investment management markets. SEI provides services across the continuum of institutional investors, ranging from those with internal investment operations to those that outsource investment implementation. SEI's Enhanced CIO Platform supports investment teams and following the acquisition of Novus, SEI intends to enhance its current offering by integrating Novus' global portfolio intelligence tool, now branded as SEI Novus, with SEI's comprehensive investment intelligence and processing capabilities. SEI Novus will continue to provide asset managers with advanced portfolio intelligence, analytics and reporting technology in an effort to improve their overall investment programs and to allow them to share data and intelligence with large institutional investors and asset owners.
|Over a month ago|
SEI Investments initiated with a Hold at Truist » 09:0411/0211/02/21
Truist analyst Michael…
Truist analyst Michael Young initiated coverage of SEI Investments with a Hold rating and $67 price target. The stock represents a balanced risk/reward as new revenue growth initiatives could see more traction, but he prefers a neutral stance, acknowledging that strong competition in some product segments could lead to client attrition or secular pricing pressure, the analyst tells investors in a research note.
SEI Investments initiated with a Hold at Truist » 06:0811/0211/02/21
Truist analyst Michael…
Truist analyst Michael Young initiated coverage of SEI Investments with a Hold rating and $67 price target.
SEI Investments acquires Finomial » 09:0410/2610/26/21
SEI announced the…
SEI announced the acquisition of Finomial, an investor lifecycle management firm offering cloud-native financial technology. The technology is expected to be added to SEI's existing investor-focused platforms to further enhance automation and digitization capabilities, as well as reporting and transparency. Finomial's cloud-based technology is expected to complement SEI's existing platforms, including SEI Trade, the SEI Manager Dashboard, SEI Investor Platform and the Global Regulatory and Compliance Platform.
SEI Investments acquires Atlas Master Trust from Capita » 09:0810/2110/21/21
SEI announced the…
SEI announced the acquisition of Atlas, Capita's defined contribution master trust. Subject to regulatory approval, the deal extends a successful, long-term strategic partnership between SEI and Capita and positions the SEI Master Trust to continue delivering best-of-breed service at scale. Founded by Capita in 2015, the Atlas Master Trust is a leading master trust in the UK with over 110,000 members. SEI, one of the first commercial master trust providers in the UK, will welcome three employees to SEI's Institutional Group and one of the Atlas trustees to the SEI Trustee group. The combined assets under management of the SEI and Atlas Master Trusts totalled approximately GBP2B as of Sept. 30.
SEI Investments reports Q3 EPS 97c, consensus 95c » 16:0310/2010/20/21
Reports Q3 revenue…
Reports Q3 revenue $485.32M, consensus $482.33M. Average AUM increased $116.9B, or 16%, to $855.7B vs. $738.8B during 3Q20 "Our results reflect positive markets entering the third-quarter, continued sales momentum and delivery across our business segments. As the financial services industry continues to experience unrelenting change, we continue to make strategic investments in our business, our solutions and workforce to drive growth," said CEO Alfred West, Jr. "Our talented workforce is the key to our ability to serve our clients globally and create opportunities for our future. As we look forward, we will continue to capitalize on market opportunities to deliver long-term value to our shareholders, employees, clients and communities."
|Over a quarter ago|
SEI Investments reports Q2 EPS 93c, consensus 91c » 16:0507/2107/21/21
Reports Q2 revenue…
Reports Q2 revenue $475.65M, consensus $462.24M. "Our Q2 results reflect positive markets, improving sales momentum and solid capital returns to shareholders. We continue to invest in our technology and investment solutions to deliver best-in-class products and services to our clients," said CEO Alfred West, Jr. "As the industry evolves coming out of the pandemic, we continue to execute growth strategies across our business and take advantage of increasing demands for integrated technologies, sound operational solutions and a market-responsive investment approach. For more than 50 years, our stability, scale and success have been driven by seizing opportunities powered by our dedicated, talented workforce and tech-driven solutions. We are committed to delivering long-term value to our shareholders, employees, clients and communities."
SEI Investments raises share repurchase program by $250M » 16:5506/0206/02/21
The Board of Directors of…
The Board of Directors of SEI Investments Company approved an increase in its stock repurchase program by an additional $250M, increasing the available authorization under the program to approximately $316M.
SEI Investments price target raised to $71 from $65 at Oppenheimer » 07:2704/2204/22/21
Oppenheimer analyst Glenn…
Oppenheimer analyst Glenn Greene raised the firm's price target on SEI Investments to $71 from $65 and keeps an Outperform rating on the shares. The analyst notes the company reported quarterly results as largely in line. Investment Managers segment continues to surprise to the upside with revenue growing 17% year-over-year and operating margin exceeding 39%, Greene adds.
Fly Intel: After-Hours Movers » 18:5104/2104/21/21
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