SEIC - SEI Investments slides 3.3% despite Q2 revenue rising 18.7% Y/Y

SEI Investments ([[SEIC]] -3.3%) stock fell today despite Q2 EPS and revenue beating analysts' estimates.The company's Q2 revenue rose 18.7% Y/Y to $475.65M.SEI Chairman and CEO Alfred West Jr. said "Our second-quarter results reflect positive markets, improving sales momentum and solid capital returns to shareholders."Average assets under administration increased 28% Y/Y to $858.2B; average assets under management, excluding LSV, rose 29% Y/Y to $293.4B.The company said revenues from asset management, administration, and distribution fees increased mainly from higher assets under administration in its investment managers segment due to market appreciation and positive cash flows from new and existing clients.SEI Investments' GAAP EPS increased 37% Y/Y to $0.93.For full year 2021, consensus revenue estimate is $1.87B.Source: Press Release

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SEI Investments slides 3.3% despite Q2 revenue rising 18.7% Y/Y