Overview

• US asset management tech firm's Q2 revenue rose 15%, beating analyst expectations

• Adjusted EPS for Q2 grew 38% year-over-year

• Company repurchased 1.3 mln shares for $112.4 mln in Q2

Outlook

• Company did not provide specific guidance for the current quarter or full year

Result Drivers

• SALES MOMENTUM - Co said strong sales execution and new client wins, especially in Investment Managers and Private Banks, drove revenue and profit growth

• MARGIN EXPANSION - Co attributed margin gains to operating leverage and strategic resource allocation

• MARKET APPRECIATION - Co said higher market values and funding of alternative mandates boosted assets under management and administration

Company press release: ID:nPn7czbpxa

Key Details

Metric	Beat/Miss	Actual	Consensus Estimate
Q2 Revenue	Beat	$641.62 mln	$632.57 mln (5 Analysts)
Q2 EPS		$1.59

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the investment management & fund operators peer group is "buy"

• Wall Street's median 12-month price target for SEI Investments Co is $115.00, about 17.8% above its July 21 closing price of $97.65

• The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 13 three months ago

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