Top 9 Undervalued Asset Management Stocks to Buy

3. SEI Investments Company (NASDAQ:SEIC)

Stock Upside Potential: 28.06%

Forward Price to Earnings Ratio: 16.21

Number of Hedge Fund Holders: 10

SEI Investments Company (NASDAQ:SEIC) is one of the top undervalued asset management stocks to buy. On October 24, SEI Investments (NASDAQ:SEIC), valued at $10.12 billion, expanded its stock buyback program by $650 million, raising total authorization to $773.2 million, including $123.2 million still unused as of October 20. The firm, overseeing around $1.8 trillion in assets as of September 30, offers financial tech, operations, and asset management services.

Earlier on October 22, SEI Investments Co. delivered solid third-quarter results, surpassing $100 million in net sales events year to date and setting a new record. Additionally, the company’s earnings per share reached a record high, benefiting from the disciplined execution of its enterprise strategy and a healthy sales pipeline.

Revenues in the quarter increased 8% year over year to $578.511 million, as the operating margin improved to 28% from 27%. Net sales events in the quarter totaled $30.5 million, affirming strong demand for outsourcing and client expansions. Consequently, the company’s earnings per share improved 9% to $1.30, driven by revenue growth and margin expansion across the business.

CEO Ryan Hicke expressed strong optimism about SEI’s future, noting that the company was putting resources into technology and talent, focusing its capital on areas with the highest potential returns, and working to improve margins. He conveyed a high level of confidence in SEI’s ability to deliver lasting value to both clients and shareholders.

SEI Investments Company (NASDAQ:SEIC) is an asset management company that provides technology and investment solutions to financial institutions, advisors, and families, with services spanning investment processing, management, and operations outsourcing. It offers end-to-end solutions that help clients manage assets.