Norges Bank Takes $26.38 Million Position in NIQ Global Intelligence plc $NIQ

Norges Bank purchased a new stake in NIQ Global Intelligence plc (NYSE:NIQ) during the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 1,600,000 shares of the company’s stock, valued at approximately $26,384,000.

A number of other hedge funds have also bought and sold shares of NIQ. Clearstead Advisors LLC acquired a new stake in NIQ Global Intelligence in the 3rd quarter worth about $26,000. BNP Paribas Financial Markets bought a new stake in NIQ Global Intelligence in the 3rd quarter valued at about $44,000. State of Wyoming acquired a new position in shares of NIQ Global Intelligence during the 3rd quarter worth approximately $55,000. Legal & General Group Plc bought a new position in shares of NIQ Global Intelligence during the third quarter worth approximately $76,000. Finally, Squarepoint Ops LLC bought a new position in shares of NIQ Global Intelligence during the third quarter worth approximately $162,000.

NIQ Global Intelligence Price Performance

NIQ Global Intelligence stock opened at $8.31 on Wednesday. The company has a debt-to-equity ratio of 3.01, a quick ratio of 1.07 and a current ratio of 1.07. NIQ Global Intelligence plc has a 52 week low of $7.93 and a 52 week high of $20.39. The stock has a market capitalization of $2.45 billion and a P/E ratio of -6.59. The stock has a fifty day moving average of $10.04 and a 200-day moving average of $12.86.

NIQ Global Intelligence (NYSE:NIQ) last posted its quarterly earnings results on Thursday, May 14th. The company reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.05. The company had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.05 billion. NIQ Global Intelligence had a negative net margin of 7.78% and a positive return on equity of 10.30%. NIQ Global Intelligence’s revenue was up 11.1% on a year-over-year basis. NIQ Global Intelligence has set its FY 2026 guidance at 0.950-0.990 EPS and its Q2 2026 guidance at 0.190-0.21 EPS. On average, sell-side analysts expect that NIQ Global Intelligence plc will post 0.89 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider James M. Peck bought 118,625 shares of the firm’s stock in a transaction on Monday, May 18th. The shares were purchased at an average price of $8.43 per share, with a total value of $1,000,008.75. Following the completion of the purchase, the insider owned 424,683 shares in the company, valued at $3,580,077.69. This represents a 38.76% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. 3.80% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on NIQ. BMO Capital Markets dropped their price target on shares of NIQ Global Intelligence from $16.00 to $11.00 and set an “outperform” rating for the company in a research report on Monday, May 18th. Royal Bank Of Canada lowered their price objective on NIQ Global Intelligence from $20.00 to $13.00 and set an “outperform” rating on the stock in a research note on Friday, May 15th. Citigroup dropped their price objective on NIQ Global Intelligence from $17.50 to $16.00 and set a “neutral” rating for the company in a report on Friday, March 6th. Robert W. Baird cut their target price on NIQ Global Intelligence from $20.00 to $14.00 and set an “outperform” rating for the company in a research report on Friday, May 15th. Finally, Wells Fargo & Company reduced their target price on NIQ Global Intelligence from $18.00 to $13.00 and set an “overweight” rating on the stock in a report on Friday, May 15th. Twelve equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, NIQ Global Intelligence currently has a consensus rating of “Moderate Buy” and a consensus target price of $17.58.

About NIQ Global Intelligence

Nuveen Intermediate Duration Quality Municipal Term Fund is a close ended fixed income mutual fund launched by Nuveen Investments Inc The fund is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. It invests into public fixed income markets of the United States. The fund seeks to invest in stocks of companies that are operating across diversified sectors. It primarily invests in municipal securities that are exempt from federal income taxes, and seeks to maintain a portfolio with an intermediate effective duration of between 3 and 10 years, including the effects of leverage.