SEI Investments Boosts Stock Repurchase Program by $650 Million
SEI Investments Company (NASDAQ: SEIC) has expanded its stock buyback program. The company has approved an additional $650 million, increasing the total authorization to approximately $773.2 million. This move, part of the company's investment basics, increases the total authorization under the program, with $123.2 million remaining from the existing authorization. The company aims to repurchase its shares, which can potentially enhance the value of each share for its remaining stakeholders. Fidelity Investments, among other institutional investors, may be impacted by this decision. The repurchase program is a strategic move by SEI Investments Company to manage its capital and potentially boost shareholder value. The company has not specified who made the announcement or the exact date of the increase, but official press releases and investor relations websites should provide detailed and accurate information.
