SEI Declares Increase in Stock Repurchase Program
OAKS, PA--(Marketwired - Apr 19, 2016) - The Board of Directors of SEI Investments Company (NASDAQ: SEIC) today announced an increase in its stock repurchase program by an additional $200 million, increasing the available authorization under the program to approximately $232.5 million. Since the beginning of calendar year 2016, the Company repurchased approximately 2.1 million shares at a cost of approximately $80.6 million.
About SEI
SEI (NASDAQ: SEIC) is a leading global provider of investment processing, investment management, and investment operations solutions that help corporations, financial institutions, financial advisors, and ultra-high-net-worth families create and manage wealth. As of December 31, 2015, through its subsidiaries and partnerships in which the company has a significant interest, SEI manages or administers $670 billion in mutual fund and pooled or separately managed assets, including $262 billion in assets under management and $408 billion in client assets under administration. For more information, visit seic.com.
