Pinnacle Investment Management (PNI) – Measuring up
July 24, 2025
Pinnacle Investment Management Group operates as an investment management company. It offers third party distribution, along with fund infrastructure and support services to its affiliates and various investment managers. It also operates as a corporate trustee and responsible entity for retail and wholesale investment trusts. The company is based in Sydney.
Ord Minnett has reviewed its Pinnacle Investment Management (PNI) model post the June quarter, leading to earnings estimate upgrades for FY26 and FY27, driven by growth in funds under management, although our FY25 forecast is reduced as we account for lower expected performance fees in the second half of the fiscal year. Despite our performance fee downgrades, we still see strong inflows for the June quarter, noting our forecast is circa 6% above broader market expectations.
Post the review, our FY25 EPS estimate falls 3.2%, while our FY26 and FY26 forecasts increase 3.8% and 5.1%, respectively. This leads us to raise our target price on Pinnacle to $26.10 from $24.80, while we maintain our Buy recommendation.
Insights that count
Discover the best opportunities to outperform the market. Our research team dig deep into the market, company and stock data to bring you insights others might overlook.
Regis Healthcare (REG) - Short-changed by short-sighted policy
Regis Healthcare provides residential aged-care services in Australia, including ageing-in-place, respite care, specialist dementia care, and palliative care services through operation of aged care homes.
Universal Store Holdings (UNI) – Reinvesting for growth
Universal Store Holdings is a fashion and accessories retailer targeting the youth and young adult market, which operates through two divisions, Universal Store and Cheap Thrills Cycles.
SiteMinder (SDR) - Ducks lined up and ready to quack
SiteMinder provides online booking and management software for hotel operators and travel groups, with customers across Asia Pacific, Europe, the Middle East, Africa, and the Americas.
.jpg)