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SEI Increases Stock Share Repurchase Program by $500 Million

1. SEI approved a $500 million increase in stock repurchase program. 2. Total repurchase authorization now reaches approximately $556 million. 3. SEI manages around $1.6 trillion in assets as of December 2024. 4. The repurchase program may enhance shareholder value by reducing share supply. 5. This move indicates confidence in SEI's long-term growth potential.

Shares Buyback
+1.62%Current Return
VS
+1.09%S&P 500
$74.85503/18 01:45 PM EDTEvent Start
$76.0703/19 07:51 PM EDTLatest Updated
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FAQ

Why Bullish?

The increased buyback signals management's confidence, typically leading to improved share prices. Historically, repurchases correlate with upward price movements and investor confidence.

How important is it?

The increase in the buyback program illustrates strong financial health and commitment to shareholder returns, crucial for SEIC investors.

Why Short Term?

Buybacks usually show immediate benefits in share price as they reduce supply. Past cases suggest a rapid market response and positive stock price momentum.

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, /PRNewswire/ -- The Board of Directors of SEI Investments Company approved an increase in its stock repurchase program by an additional $500 million, increasing the available authorization under the program to approximately $556 million, which includes $56 million remaining under the company's existing share repurchase authorization. About SEI®SEI (NASDAQ:SEIC) is a leading global provider of financial technology, operations, and asset management services within the financial services industry. SEI tailors its solutions and services to help clients more effectively deploy their capital—whether that's money, time, or talent—so they can better serve their clients and achieve their growth objectives. As of Dec. 31, 2024, SEI manages, advises, or administers approximately $1.6 trillion in assets. For more information, visit seic.com. SOURCE SEI Investments Company WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In Also from this source

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