1,625 Shares in Morningstar, Inc. (NASDAQ:MORN) Acquired by Catalyst Funds Management Pty Ltd

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.

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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.

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

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.