Vise Technologies Inc. Acquires 106,974 Shares of Nomura Holdings Inc ADR $NMR

Key Points

• Vise Technologies increased its Nomura Holdings stake by 227.7% in the second quarter, purchasing 106,974 additional ADR shares to hold 153,947 shares valued at approximately $1.35 million.
• Institutional ownership activity was broadly positive, with Fisher Asset Management, Orion Portfolio Solutions, Morgan Stanley, Millennium Management, and Renaissance Technologies all increasing their positions; institutions collectively own 15.14% of Nomura.
• Analyst sentiment improved to an average “Buy” rating, with a consensus price target of $10.20. Nomura shares opened at $9.72, while the company reported quarterly EPS of $0.30 and revenue of $4.19 billion.

Vise Technologies Inc. raised its holdings in Nomura Holdings Inc ADR (NYSE:NMR - Free Report) by 227.7% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 153,947 shares of the financial services provider's stock after buying an additional 106,974 shares during the quarter. Vise Technologies Inc.'s holdings in Nomura were worth $1,352,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of NMR. Fisher Asset Management LLC increased its stake in shares of Nomura by 32.4% in the 4th quarter. Fisher Asset Management LLC now owns 13,151,514 shares of the financial services provider's stock valued at $110,341,000 after acquiring an additional 3,221,008 shares in the last quarter. Orion Porfolio Solutions LLC boosted its stake in Nomura by 4,944.8% during the second quarter. Orion Porfolio Solutions LLC now owns 2,472,892 shares of the financial services provider's stock worth $16,272,000 after acquiring an additional 2,423,873 shares in the last quarter. Morgan Stanley boosted its stake in Nomura by 7.0% during the fourth quarter. Morgan Stanley now owns 9,815,360 shares of the financial services provider's stock worth $82,351,000 after acquiring an additional 638,424 shares in the last quarter. Millennium Management LLC boosted its stake in Nomura by 55.4% during the fourth quarter. Millennium Management LLC now owns 1,451,595 shares of the financial services provider's stock worth $12,179,000 after acquiring an additional 517,250 shares in the last quarter. Finally, Renaissance Technologies LLC grew its holdings in Nomura by 27.0% in the first quarter. Renaissance Technologies LLC now owns 2,312,237 shares of the financial services provider's stock worth $18,244,000 after purchasing an additional 491,400 shares during the period. 15.14% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. Bank of America raised shares of Nomura from a "neutral" rating to a "buy" rating and set a $10.20 price target for the company in a research note on Thursday, June 25th. Nomura raised Nomura to a "buy" rating and set a $10.20 target price for the company in a research report on Thursday, June 25th. Zacks Research raised Nomura from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, July 29th. Wall Street Zen upgraded Nomura from a "hold" rating to a "buy" rating in a report on Saturday, August 1st. Finally, Weiss Ratings raised Nomura from a "hold (c)" rating to a "hold (c+)" rating in a research note on Friday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat.com, Nomura has an average rating of "Buy" and an average target price of $10.20.

Nomura Trading Up 2.9%

Shares of Nomura stock opened at $9.72 on Friday. The stock has a fifty day simple moving average of $9.46 and a 200 day simple moving average of $8.72. Nomura Holdings Inc ADR has a 12-month low of $6.71 and a 12-month high of $10.06. The company has a market capitalization of $28.52 billion, a P/E ratio of 11.30, a price-to-earnings-growth ratio of 1.05 and a beta of 0.69. The company has a current ratio of 2.00, a quick ratio of 2.00 and a debt-to-equity ratio of 8.06.

Nomura (NYSE:NMR - Get Free Report) last issued its quarterly earnings data on Tuesday, June 30th. The financial services provider reported $0.30 earnings per share for the quarter. The business had revenue of $4.19 billion for the quarter. Nomura had a return on equity of 10.42% and a net margin of 8.09%. On average, sell-side analysts anticipate that Nomura Holdings Inc ADR will post 0.93 earnings per share for the current fiscal year.

Nomura Company Profile

Nomura Holdings, Inc is a global financial services group headquartered in Tokyo, Japan, with origins dating back to 1925 when Tokushichi Nomura II established the firm as a securities business. Over the decades Nomura has grown from a domestic securities house into a multinational financial services firm by expanding its product offerings and international footprint. The company is publicly listed and operates through a network of subsidiaries and branches to serve a broad client base.

Nomura's principal businesses encompass retail brokerage, wholesale (investment banking and global markets), and asset management.

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