Refile: SEI Investments Q3 results beat estimates on revenue growth, margin expansion

SEI Investments

21/10/2026 21:13

Corrects headline to remove duplicated preposition

Overview
Financial technology provider's Q3 revenue rose 14% yr/yr, slightly beating analyst expectations
Adjusted EPS for Q3 grew 24% and beat analyst expectations
Company increased share repurchase authorization by $800 mln to about $926 mln

Outlook
SEI anticipates incentive compensation expense to remain elevated based on current outlook
Company sees strong demand for outsourcing and enterprise transformation services continuing

Result Drivers
REVENUE GROWTH AND MARGIN EXPANSION - Co said adjusted EPS growth was driven by higher revenue, improved margins, and a lower share count from repurchases
STRONG SALES EVENTS - Net sales events were near record levels, led by new client wins and expansions in Investment Managers
PRIVATE BANKS OPERATING LEVERAGE - Private Banks segment saw higher profit growth than revenue, reflecting operating leverage and increased adoption of professional services

Company press release: ID:nPn322prqa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Slight Beat*
$662.04 mln
$657 mln (6 Analysts)
Q3 Adjusted EPS
Beat
$1.64
$1.56 (6 Analysts)
Q3 EPS
 
$1.38
 
*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", no "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 Company is $125.00, about 16.7% above its October 20 closing price of $107.15
The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 14 three months ago

Reuters Recommended Reads
Oct 20 - MSCI Q3 adj EPS rises, beats estimates
Oct 20 - MSCI climbs after Q3 results beat Wall Street estimates 
Oct 20 - Germany's Deutsche Boerse Q3 net revenue rises, lifts FY outlook

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)