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SEI Investments SEIC Investment Managers — Capitalized software development costs in-progress

Discontinued — last reported Q3 '23

Similar metrics at other companies

Henry Schein logo
HSICCapitalized Software Costs Investment Activities
$14M+16.7%
StoneX Group Inc. logo
SNEXCapitalized Computer Software, Additions
$9.58M+6.1%
ROP
ROPApplication Software — Capitalized software expenditures
$15.2M+22.6%
ROP
ROPTechnology Enabled Products — Capitalized software expenditures
$200K
ROP
ROPOperating Segments — Capitalized Computer Software Additions
$2.38M-12.0%
ESCO Technologies logo
ESEPayments To Acquire Additional Capitalized Software
$2.61M-9.5%

Other financials

Income statement

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Revenue$622.2M+12.8%
Operating income$189.5M+20.6%
Net income$174.5M+15.2%
EPS (diluted)$1.40+19.7%

Balance sheet

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Cash & equivalents$363.1M-48.9%
Total debt$69.5M+145%
Total equity$2.5B+8.5%
Total assets$396.9M-84.5%

Cash flow

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Operating cash flow$221.6M+51.3%
CapEx$6.4M-26.0%
Free cash flow$215.2M+56.1%

Valuation

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Market cap$10.76B-2.7%
Enterprise value$10.46B+1.4%
P/E14.6×-3.8×
P/S4.5×-0.6×

Profitability

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Operating margin27.9%+0.9pp
Net margin31.2%+3.4pp
FCF margin28%-1.1pp

Returns & leverage

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Return on equity31.4%+4.7pp
Debt / equity0.0×
Current ratio4.5×-1.1×

Where this comes from

Reported directly by SEI Investments in its filing.

Tagged under the XBRL concept seic:CapitalizedComputerSoftwareAdditionsInProgress.

The official record: SEI Investments’s 10-Q, filed October 27, 2023, on SEC EDGAR. View the filing →

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Questions, answered.

What is SEI Investments's investment managers — capitalized software development costs in-progress?
SEI Investments (SEIC) reported investment managers — capitalized software development costs in-progress of $4.33M in Q3 2023.
How has SEI Investments's investment managers — capitalized software development costs in-progress changed year-over-year?
SEI Investments's investment managers — capitalized software development costs in-progress increased by 81.0% year-over-year, from $2.39M to $4.33M.
What does investment managers — capitalized software development costs in-progress mean?
The amount of software development spending that is recorded as an asset rather than an immediate expense.
How do you interpret investment managers — capitalized software development costs in-progress?
Higher values suggest significant investment in future product capabilities, while lower values may indicate a shift toward maintenance or reduced R&D.
How does investment managers — capitalized software development costs in-progress compare across companies?
Comparable to capitalized software development costs reported by technology-driven financial service providers.