SEI Increases Stock Share Repurchase Program by $500 Million

Rhea-AI Summary

SEI Investments Company (SEIC) announced a significant expansion of its stock repurchase program, with its Board of Directors approving an additional $500 million authorization. This increase brings the total available authorization under the program to approximately $556 million, which includes $56 million remaining from the company's existing share repurchase authorization.

Positive

• Board approved substantial $500 million increase to share buyback program
• Total buyback authorization of $556 million signals strong commitment to returning value to shareholders
• Large buyback program indicates management's confidence in company's financial position

Negative

• Significant cash allocation to buybacks may reduce funds available for business investments or acquisitions

OAKS, Pa., March 18, 2025 /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.

Investor Relations Contact:	Media Contact:
Brad Burke	Leslie Wojcik
SEI	SEI
+1 610-676-5350	+1 610-676-4191
bburke2@seic.com	lwojcik@seic.com

View original content:https://www.prnewswire.com/news-releases/sei-increases-stock-share-repurchase-program-by-500-million-302404890.html

SOURCE SEI Investments Company

FAQ

How much did SEI Investments increase its stock buyback program by in March 2025?

SEI Investments increased its stock buyback program by $500 million in March 2025.

What is the total available authorization for SEIC's share repurchase program?

The total available authorization is approximately $556 million, including the new $500 million and $56 million from the existing program.

When did SEI announce the expansion of its share repurchase program?

SEI announced the expansion of its share repurchase program on March 18, 2025.

How much remained from SEIC's previous share repurchase authorization?

$56 million remained from SEI's previous share repurchase authorization.