OAKS, Pa. (AP) _ SEI Investments Co. (SEIC) on Wednesday reported fourth-quarter net income of $125.9 million.

On a per-share basis, the Oaks, Pennsylvania-based company said it had net income of 86 cents.

The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 80 cents per share.

The investment management firm posted revenue of $443.7 million in the period, which also topped Street forecasts. Four analysts surveyed by Zacks expected $437.1 million.

For the year, the company reported profit of $447.3 million, or $3 per share. Revenue was reported as $1.68 billion.

SEI shares have dropped roughly 2% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $56.35, a decline of 10% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SEIC at https://www.zacks.com/ap/SEIC

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