Catalyst Funds Management Pty Ltd Acquires New Holdings in Morningstar, Inc. (NASDAQ:MORN)

Catalyst Funds Management Pty Ltd purchased a new stake in shares of Morningstar, Inc. (NASDAQ:MORN - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 1,625 shares of the business services provider's stock, valued at approximately $547,000.

Several other institutional investors also recently bought and sold shares of the business. Smartleaf Asset Management LLC lifted its holdings in shares of Morningstar by 178.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 78 shares of the business services provider's stock valued at $26,000 after acquiring an additional 50 shares in the last quarter. Bradley & Co. Private Wealth Management LLC purchased a new stake in shares of Morningstar during the 4th quarter valued at about $28,000. Venturi Wealth Management LLC lifted its position in Morningstar by 101.7% during the 3rd quarter. Venturi Wealth Management LLC now owns 121 shares of the business services provider's stock worth $39,000 after acquiring an additional 61 shares in the last quarter. R Squared Ltd purchased a new position in Morningstar in the 4th quarter worth approximately $40,000. Finally, V Square Quantitative Management LLC raised its stake in shares of Morningstar by 49.5% during the fourth quarter. V Square Quantitative Management LLC now owns 139 shares of the business services provider's stock valued at $47,000 after purchasing an additional 46 shares during the period. 57.02% of the stock is currently owned by hedge funds and other institutional investors.

Morningstar Stock Up 0.3 %

NASDAQ MORN traded up $0.85 during trading hours on Tuesday, reaching $291.94. 93,321 shares of the company traded hands, compared to its average volume of 114,878. The stock has a market capitalization of $12.51 billion, a PE ratio of 38.58 and a beta of 1.23. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.55. Morningstar, Inc. has a 12 month low of $278.64 and a 12 month high of $365.00. The company has a 50 day moving average of $317.71 and a two-hundred day moving average of $328.70.

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Morningstar (NASDAQ:MORN - Get Free Report) last posted its quarterly earnings results 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. The business had revenue of $591.00 million during the quarter, compared to the consensus estimate of $580.81 million. Morningstar had a return on equity of 23.28% and a net margin of 14.69%.

Insider Activity

In other Morningstar news, Chairman Joseph D. Mansueto sold 3,635 shares of Morningstar stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $325.44, for a total value of $1,182,974.40. Following the completion of the transaction, the chairman now owns 10,142,694 shares of the company's stock, valued at $3,300,838,335.36. The trade was a 0.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. In the last ninety days, insiders sold 59,544 shares of company stock worth $18,770,097. 39.90% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on MORN shares. BMO Capital Markets lowered their price target on shares of Morningstar from $387.00 to $370.00 and set an "outperform" rating for the company in a report on Monday, March 3rd. StockNews.com cut Morningstar from a "buy" rating to a "hold" rating in a research note on Monday.

About Morningstar

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.