OAKS, Pa. (AP) _ SEI Investments Co. (SEIC) on Wednesday reported fourth-quarter earnings of $128.7 million.

On a per-share basis, the Oaks, Pennsylvania-based company said it had net income of 84 cents.

The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 86 cents per share.

The investment management firm posted revenue of $423.2 million in the period, exceeding Street forecasts. Three analysts surveyed by Zacks expected $422.5 million.

For the year, the company reported profit of $501.4 million, or $3.24 per share. Revenue was reported as $1.65 billion.

SEI shares have fallen roughly 4% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $63.10, a climb of 30% 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

Automated Insights, source Associated Press News