SEI Investments Company (SEIC)

Improvements starting, will get better when economy picks up

This account tracks the performance of the investment firm Ruane, Cunniff, and Goldfarb - the investment manager of Sequoia Fund.

This financial company provides services to high net worth individuals. A hidden gem amongst the wreckage known as Financial Services industry.

Est 12mo range: $36-23

Strong mgt that in the past 10 yrs posted positive results: avg ROE of 38.7%, impressive earnings growth, EPS increased annually-rising from $0.19 to $1.28, 23.1 avg 10-year return on assets, & EPS grew by $1.09 (18.3% return on retained earnings).

Hedge fund, asset manager, but primarily a consultant and management company adviser to large financial firms
that use its new proprietary system to better handle balance sheets, advise their own retail clients and free them from back-office accounting and other necessary management and record keeping tasks.
Very little competition, and the systems that they put in place are too complicated for most clients to even contemplate change in vendors.

SA

They have a competitive product solution to reduce back office expense, long term management with excellent track record and apparently good expense control which is helping their strong cash position to debt.

Making my rating solely on the fact that the CEO sold stock both last week and this week for millions of dollar after the quarterly report showed net income and EPS were down for the quarter. The investment executive VP also unloaded some stock.

Hopson BUY

I have to say its a great company to work for. I have been there 9 months now and am very please with every aspect.

This is an asset management company. Capitalism rules.

oversold

FCF, ROA king. Valuation reasonable.

good time to get in on a solid company with lots of upside.

I like all the numbers I see here, with the single exception of the PEG already being 1.5. Still, with forward/trailing P/Es of 18.80 & 24, profit & operating margins of 20.1% and 42.6%, RoA=35.2%, RoE=43.2%, quarterly Rev & EPS growth of 16.5% & 15.4%, a tiny D/E ratio of 10.7%, and good inside ownership (at 28.8%), this company looks good. The stock has been sliding downwards since its mid-April level of ~$65/share, but since the slow-stochiastics are showing an oversold situation, perhaps the current $58/shr will be the new 6-month low for SEIC.

I bought this warhorse in the summer of 1997.Split adjusted my basis is $4.42. Nuff said?

VL

Quiet asset manager and processor.

Consistent growth, Right sector