Heron Therapeutics enters supply agreement with Patheon and Thermo Fisher
OAKS, Pa. - SEI Investments Company (NASDAQ:SEIC), a global provider of financial technology and asset management services with a market capitalization of $9.54 billion, announced today that its Board of Directors has approved an expansion of its stock repurchase program. The company is set to increase its buyback authorization by an additional $500 million, bringing the total available for stock repurchases to approximately $556 million. This figure includes the remaining $56 million from the existing authorization. According to InvestingPro analysis, SEI currently appears undervalued based on its Fair Value assessment.
The move reflects SEI’s ongoing commitment to capital deployment strategies aimed at enhancing shareholder value. Stock repurchase programs like this one are often used by companies to buy back their own shares from the marketplace, which can lead to an increase in the value of remaining shares due to reduced supply, and can also improve earnings per share. InvestingPro data reveals that SEI has maintained dividend payments for 37 consecutive years and raised dividends for 11 straight years, demonstrating a strong track record of returning value to shareholders.
SEI manages, advises, or administers assets totaling approximately $1.6 trillion as of December 31, 2024. The company is recognized in the financial services industry for providing a suite of services that assist clients in deploying capital efficiently, whether it be financial resources, time, or talent, to serve their clients better and achieve growth objectives. The company maintains robust financial health with a current ratio of 4.08 and an impressive gross profit margin of 78.88%. Discover more detailed insights about SEI’s financial performance in the comprehensive Pro Research Report, available exclusively on InvestingPro.
The expanded stock repurchase program is part of SEI’s broader financial strategy, though the company has not specified the timeline over which the repurchases will occur. Stock buyback programs are subject to market conditions, and the company may suspend or discontinue them at any time.
Investors and market watchers often view such repurchase announcements as a positive signal about a company’s financial health and its outlook on the stock’s value. However, the actual impact on the stock’s performance will depend on various factors, including market reactions and overall economic conditions.
This announcement is based on a press release statement from SEI Investments Company.
In other recent news, SEI Investments Company reported its fourth-quarter 2024 financial results, revealing a 31% increase in earnings per share (EPS) to $1.19, although slightly below the forecast of $1.21. Revenue, however, surpassed expectations, reaching $557.2 million compared to the anticipated $555.6 million. SEI also announced the sale of its Family Office Services unit to Aquiline Capital Partners LP for $120 million, with the deal expected to finalize in the second quarter of 2025. This unit will be rebranded as Archway post-acquisition. Furthermore, SEI has expanded its partnerships by adding service providers Nifty, Jump, and TIFIN Wealth, aiming to enhance advisor efficiency through discounted services. The company continues to manage approximately $1.6 trillion in assets, reflecting its robust market presence. Analyst firms have not reported any recent upgrades or downgrades for SEI, but the company remains focused on strategic growth and operational efficiency. These developments underscore SEI’s ongoing efforts to strengthen its financial performance and market position.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.