Business Week Recognizes SEI Investments as a 'Best Performer'
SEI Ranked Third Best-Performing Company in S&P's MidCap 400
Apr 05, 2001, 01:00 ET from SEI Investments Company
OAKS, Pa., April 5 /PRNewswire/ -- SEI Investments Company (Nasdaq: SEIC), the global provider of asset management and investment technology solutions, was named the number three best-performing company in Business Week's annual ranking of the top 50 companies in Standard & Poor's MidCap 400 index. The annual ranking is part of "The Business Week Fifty," a special bonus issue on S&P stock performance. To select the best-performing companies in the S&P MidCap 400 index, Business Week ranked the stocks in the index by adding one- and three-year stock market performance, as of February 16, 2001. SEI, number three on the list, had a one-year total return of 198.6% and a three-year total return of 436.3%. Business Week also presented "12 key things to look for" in picking growth stocks. In the article, SEI was used as an example for how to determine whether a company is making money relative to the capital invested in it. Pointed out was SEI's net income in 2000 of $99 million and capital of $169.5 million for a 58% return on capital, which is, according to Business Week, "extraordinarily high, even considering that service businesses operate on less capital than, say, manufacturers." Business Week notes that the return on capital for the S&P 500 is less than 10%. Ranking results appeared in Business Week's Spring 2001 special bonus issue. Data was calculated by COMPUSTAT, provided by Standard & Poor's Institutional Market Services. SEI Investments is a leading global provider of asset management and investment technology solutions. The company's innovative solutions help corporations, financial institutions, financial advisors, and affluent families create and manage wealth. SEI processes over $1.5 trillion of investment transactions daily, administers (as of 12/31/00) more than $270 billion in mutual fund and pooled assets, manages more than $76 billion in assets, and operates 25 offices in 11 countries.
SOURCE SEI Investments Company
OAKS, Pa., April 5 /PRNewswire/ -- SEI Investments Company (Nasdaq: SEIC), the global provider of asset management and investment technology solutions, was named the number three best-performing company in Business Week's annual ranking of the top 50 companies in Standard & Poor's MidCap 400 index. The annual ranking is part of "The Business Week Fifty," a special bonus issue on S&P stock performance. To select the best-performing companies in the S&P MidCap 400 index, Business Week ranked the stocks in the index by adding one- and three-year stock market performance, as of February 16, 2001. SEI, number three on the list, had a one-year total return of 198.6% and a three-year total return of 436.3%. Business Week also presented "12 key things to look for" in picking growth stocks. In the article, SEI was used as an example for how to determine whether a company is making money relative to the capital invested in it. Pointed out was SEI's net income in 2000 of $99 million and capital of $169.5 million for a 58% return on capital, which is, according to Business Week, "extraordinarily high, even considering that service businesses operate on less capital than, say, manufacturers." Business Week notes that the return on capital for the S&P 500 is less than 10%. Ranking results appeared in Business Week's Spring 2001 special bonus issue. Data was calculated by COMPUSTAT, provided by Standard & Poor's Institutional Market Services. SEI Investments is a leading global provider of asset management and investment technology solutions. The company's innovative solutions help corporations, financial institutions, financial advisors, and affluent families create and manage wealth. SEI processes over $1.5 trillion of investment transactions daily, administers (as of 12/31/00) more than $270 billion in mutual fund and pooled assets, manages more than $76 billion in assets, and operates 25 offices in 11 countries. SOURCE SEI Investments Company
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