SEI Investments offers comprehensive software products and computer processing services to trusts and investment programs and administrative and distribution services to mutual funds and other pooled funds.  SEI has grown its profits and dividends at a 15-20% pace over the past 10 years earning  an 18-30% return on equity.  Despite the recent turmoil in the securities markets, the company should continue its above average growth as a result of:

(1)    the expected improvement in financial markets and rising assets under management,

(2)    the implementation of its new Global Wealth Platform,

(3)    the trend towards outsourcing in the investment industry. 

SEI’s stock is rated A by Value Line, has a 21% debt to equity ratio and yields 1%.

Statistical Summary

                 Stock      Dividend         Payout      # Increases   
                Yield      Growth Rate     Ratio       Since 1999
 
SEIC          1.0%           14%             16%             10
Ind Ave        .8               9*               20                NA  

                Debt/                      EPS Down       Net        Value Line
              Equity         ROE      Since 1999      Margin       Rating

SEIC         21%            17%            2                 17%           A
Ind Ave      7                18              NA               17             NA

*over one half of the companies in SEIC industry do not pay a dividend

Chart
   
    Note:  SEIC has almost doubled from its March low but has been unable to sustain the March to present up trend.  It has traded above the September 2007 to present down trend line and is struggling to remain above it November 2008 high (1004).  The blue lines are the boundaries of a long term up trend dating from 1985.


 

http://finance.yahoo.com/q?s=SEIC
8/09

    News on Stocks in Our Portfolios

    A positive write up on Amphenol (Aggressive Growth Portfolio):
    http://seekingalpha.com/article/158584-amphenol-corporation-connecting-our-future