| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 44 | 18.8x | 17.8x | Around median | |
Growth | 67 | 11.1% | 7.1% | Top tier | |
Quality | 97 | — | — | Top tier | |
Safety | 87 | — | — | Top tier | |
Capital Return | 50 | 0.97% | 2.12% | Around median | |
Momentum | 92 | 18.6% | 2.9% | Top tier | |
Sentiment | 36 | 5 | 3 | Bottom tier |
Estimates — analyst targets and a simplified DCF, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
SEI Investments provides operational and technology infrastructure for financial institutions, investment managers, and advisors, including fund administration, transfer agency, investor services, compliance, trust-based custody, investment processing, and back-office services. The company also generates revenue from asset management, ETF funds, separately managed accounts, professional services, and products such as SEI Wealth Platform, SEI Data Cloud, and IMS, in addition to Stratos’s contribution and its share of income from LSV.
In fiscal Q2 2026, revenue was $641.6 million, gross profit was $230.2 million, net income was $195.7 million, and earnings per share were $1.59. This equates to a gross margin of approximately 35.9% and a net income margin of approximately 30.5%, while management reported that revenue increased 15%, adjusted operating profit 36%, and adjusted earnings per share 38% year over year, with the adjusted operating margin expanding by 500 basis points.
Growth was broad-based in fiscal Q2 2026: IMS revenue increased 17%, Private Banks 11%, and Investment Managers 30%, while Institutional Investors’ operating profit remained approximately flat due to investment in asset management initiatives. Stratos contributed $21 million in revenue and $2 million in operating profit, while its earnings before interest, taxes, depreciation, and amortization exceeded $9 million after excluding acquisition-related intangible asset amortization.
The analyst consensus rates SEIC a “Buy,” with an average price target of $123 and a narrow range between $120 and $125. The average target is approximately 9.7% above the 52-week range high of $112.15, while the range low is $75.08, reflecting elevated expectations for continued earnings growth and conversion of the sales pipeline into revenue. Conversely, these targets should be weighed against the contribution of investment gains to fiscal Q2 2026 results, delays in some large-contract revenue, and potential pressure from a shift in the product mix toward lower-fee offerings.
Figures in the text are as of 2026-08-29; the live price is shown at the top of the page.
Revenue was $641.6 million, net income was $195.7 million, and earnings per share were $1.59 in fiscal Q2 2026. Year over year, revenue increased 15%, adjusted operating profit 36%, and adjusted earnings per share 38%. Performance came from converting prior sales events into revenue, expense discipline, and a 500-basis-point expansion in the adjusted operating margin, along with specific investment gains.
Alternative investments accounted for approximately three-quarters of IMS sales events in fiscal Q2 2026, demonstrating their significance within new demand. SEI signed five well-known names to service alternatives in retirement plans and launched a registered transfer agency whose first client was scheduled to begin operations on August 3, 2026. Management estimates that private-markets initiatives in retail and retirement channels could exceed $100 million in annual revenue within five years.
SEI uses the Data Cloud platform to unify data from funds, commercial banking services, insurance, and other areas, then provide information and analytics on top of it. On the July 22, 2026 call, management said demand extends to existing and new clients and to the IMS business, while also generating professional-services opportunities. IBM supports an enterprise program to create agents and automate labor-intensive processes, beginning with IMS and then expanding to other businesses within SEI.
Automated analysis for informational purposes only — not investment advice.
SEI’s ETF fund business grew from $3 billion to more than $8 billion during the twelve months ended with the July 22, 2026 call. The launch of the SEUS active factor fund increased the number of ETF funds in the lineup to ten. The partnership with Carlyle also combines Carlyle’s expertise in opportunity origination, distribution, and branding with SEI’s operational and asset management capabilities to support expansion in private markets.
The Investment Advisors and Institutional Investors businesses recorded slightly negative net sales events in fiscal Q2 2026, and new products such as ETF funds and separately managed accounts typically carry lower fees than traditional mutual funds. Institutional Investors’ operating profit also remained approximately flat, while the Private Banks margin declined slightly compared with fiscal Q1 2026 due to implementations and investments. In addition, a significant portion of the revenue from the two large IMS relationships has not yet entered the results, and management expects more of it to appear in early 2027.
SEI ended fiscal Q2 2026 with approximately $400 million in liquidity. During the quarter, it repurchased $112 million of shares at an average of $87 per share, following greater activity in fiscal Q1 2026. Management explained on July 22, 2026 that an approximately $600 million revolving credit facility remained largely unused, giving it the capacity to fund Stratos opportunities while continuing dividends and repurchases.
