Catalyst Funds Management Pty Ltd bought a new position in shares of Morningstar, Inc. (NASDAQ:MORN - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 1,625 shares of the business services provider's stock, valued at approximately $547,000.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MORN. Commonwealth Equity Services LLC boosted its holdings in Morningstar by 27.5% during the fourth quarter. Commonwealth Equity Services LLC now owns 1,821 shares of the business services provider's stock valued at $613,000 after acquiring an additional 393 shares during the period. Swiss National Bank lifted its position in shares of Morningstar by 1.1% during the 4th quarter. Swiss National Bank now owns 54,800 shares of the business services provider's stock worth $18,454,000 after purchasing an additional 600 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in Morningstar by 123.6% during the 4th quarter. Farther Finance Advisors LLC now owns 407 shares of the business services provider's stock valued at $137,000 after purchasing an additional 225 shares during the period. HighTower Advisors LLC grew its holdings in Morningstar by 0.6% in the 4th quarter. HighTower Advisors LLC now owns 16,068 shares of the business services provider's stock valued at $5,411,000 after buying an additional 102 shares during the last quarter. Finally, Dearborn Partners LLC increased its position in Morningstar by 25.7% in the 4th quarter. Dearborn Partners LLC now owns 1,330 shares of the business services provider's stock worth $448,000 after buying an additional 272 shares during the period. Institutional investors and hedge funds own 57.02% of the company's stock.
Morningstar Stock Performance
Shares of NASDAQ:MORN traded up $4.15 during trading on Monday, hitting $291.09. 275,639 shares of the stock were exchanged, compared to its average volume of 115,063. The company's fifty day simple moving average is $318.39 and its 200-day simple moving average is $328.85. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.14 and a current ratio of 1.14. The company has a market capitalization of $12.47 billion, a price-to-earnings ratio of 38.45 and a beta of 1.23. Morningstar, Inc. has a 1-year low of $278.64 and a 1-year high of $365.00.
Morningstar (NASDAQ:MORN - Get Free Report) last released its quarterly earnings data on Wednesday, February 26th. The business services provider reported $2.14 EPS for the quarter, topping analysts' consensus estimates of $1.99 by $0.15. Morningstar had a net margin of 14.69% and a return on equity of 23.28%. The company had revenue of $591.00 million during the quarter, compared to the consensus estimate of $580.81 million.
Wall Street Analyst Weigh In
Several equities research analysts have recently weighed in on MORN shares. BMO Capital Markets reduced their price objective on Morningstar from $387.00 to $370.00 and set an "outperform" rating for the company in a research report on Monday, March 3rd. StockNews.com raised shares of Morningstar from a "hold" rating to a "buy" rating in a report on Thursday, February 27th.
Read Our Latest Stock Report on MORN
Insider Transactions at Morningstar
In other news, Chairman Joseph D. Mansueto sold 9,062 shares of the company's stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $282.25, for a total value of $2,557,749.50. Following the sale, the chairman now owns 10,038,270 shares of the company's stock, valued at approximately $2,833,301,707.50. This represents a 0.09 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In the last ninety days, insiders sold 59,544 shares of company stock valued at $18,770,097. Corporate insiders own 39.90% of the company's stock.
Morningstar Profile
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Free Report)
Morningstar, Inc provides independent investment insights in the United States, Asia. Australia, Continental Europe, the United Kingdom, and internationally. The company operates in five segments: Morningstar Data and Analytics; PitchBook; Morningstar Wealth; Morningstar Credit; and Morningstar Retirement.
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