Norges Bank acquired a new position in shares of NIQ Global Intelligence plc (NYSE:NIQ – Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 1,600,000 shares of the company’s stock, valued at approximately $26,384,000. Norges Bank owned 0.54% of NIQ Global Intelligence as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in the stock. Clearstead Advisors LLC acquired a new stake in shares of NIQ Global Intelligence during the third quarter worth $26,000. Teacher Retirement System of Texas grew its stake in shares of NIQ Global Intelligence by 0.5% during the fourth quarter. Teacher Retirement System of Texas now owns 401,952 shares of the company’s stock worth $6,628,000 after purchasing an additional 1,952 shares during the period. BNP Paribas Financial Markets acquired a new stake in shares of NIQ Global Intelligence during the third quarter worth $44,000. State of Wyoming acquired a new stake in shares of NIQ Global Intelligence during the third quarter worth $55,000. Finally, Legal & General Group Plc acquired a new stake in shares of NIQ Global Intelligence during the third quarter worth $76,000.
NIQ Global Intelligence Stock Up 0.8%
Shares of NIQ stock opened at $8.31 on Wednesday. NIQ Global Intelligence plc has a 12-month low of $7.93 and a 12-month high of $20.39. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 3.01. The firm has a fifty day moving average of $10.04 and a 200-day moving average of $12.86. The company has a market capitalization of $2.45 billion and a price-to-earnings ratio of -6.59.
Insider Transactions at NIQ Global Intelligence
In related news, insider James M. Peck acquired 118,625 shares of the business’s stock in a transaction on Monday, May 18th. The stock was purchased at an average cost of $8.43 per share, for a total transaction of $1,000,008.75. Following the completion of the transaction, the insider directly owned 424,683 shares of the company’s stock, valued at approximately $3,580,077.69. The trade was a 38.76% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 3.80% of the stock is owned by company insiders.
Analysts Set New Price Targets
NIQ has been the subject of a number of analyst reports. Needham & Company LLC decreased their price objective on NIQ Global Intelligence from $21.00 to $12.00 and set a “buy” rating for the company in a research note on Friday, May 15th. BMO Capital Markets decreased their price objective on NIQ Global Intelligence from $16.00 to $11.00 and set an “outperform” rating for the company in a research note on Monday, May 18th. Robert W. Baird decreased their price objective on NIQ Global Intelligence from $20.00 to $14.00 and set an “outperform” rating for the company in a research note on Friday, May 15th. Wells Fargo & Company decreased their price objective on NIQ Global Intelligence from $18.00 to $13.00 and set an “overweight” rating for the company in a research note on Friday, May 15th. Finally, Citigroup decreased their price objective on NIQ Global Intelligence from $17.50 to $16.00 and set a “neutral” rating for the company in a research note on Friday, March 6th. Twelve 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, the company presently has an average rating of “Moderate Buy” and an average price target of $17.58.
View Our Latest Analysis on NIQ
NIQ Global Intelligence Profile
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.
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