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Recap: SEI Investments Q3 Earnings

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Shares of SEI Investments (NASDAQ:SEIC) were unchanged after the company reported Q3 results.

Quarterly Results

Earnings per share fell 12.79% year over year to $0.75, which missed the estimate of $0.79.

Revenue of $424,927,000 up by 2.08% from the same period last year, which beat the estimate of $418,130,000.

Outlook

SEI Investments hasn't issued any earnings guidance for the time being.

SEI Investments hasn't issued any revenue guidance for the time being.

Details Of The Call

Date: Oct 21, 2020

View more earnings on SEIC

Time: 04:30 PM

ET Webcast URL: https://edge.media-server.com/mmc/p/k2s5n5fm

Technicals

52-week high: $69.61

52-week low: $35.41

Price action over last quarter: Up 4.98%

Company Profile

SEI Investments provides investment processing, management, and operations services to financial institutions, asset managers, asset owners, and financial advisors in four material segments: private banks, investment advisors, institutional investors, and investment managers. SEI also has a minority interest in LSV Asset Management, a value equity asset manager with over $96 billion in AUM. As of Dec. 31, 2019, SEI (including LSV) manages, administers, or advises on over $1.0 trillion in assets.

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