Royce & Associates LP Has $61.04 Million Stock Holdings in Morningstar, Inc. (NASDAQ:MORN)

Royce & Associates LP trimmed its position in Morningstar, Inc. (NASDAQ:MORN - Free Report) by 1.2% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 191,290 shares of the business services provider's stock after selling 2,271 shares during the period. Royce & Associates LP owned about 0.45% of Morningstar worth $61,044,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in MORN. Envestnet Portfolio Solutions Inc. raised its holdings in Morningstar by 60.8% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 1,140 shares of the business services provider's stock worth $352,000 after purchasing an additional 431 shares during the last quarter. Headlands Technologies LLC acquired a new stake in Morningstar during the 1st quarter worth $66,000. Russell Investments Group Ltd. raised its position in shares of Morningstar by 0.4% during the 1st quarter. Russell Investments Group Ltd. now owns 22,413 shares of the business services provider's stock valued at $6,911,000 after acquiring an additional 82 shares during the last quarter. Avantax Advisory Services Inc. lifted its stake in shares of Morningstar by 8.3% in the 1st quarter. Avantax Advisory Services Inc. now owns 2,764 shares of the business services provider's stock valued at $852,000 after purchasing an additional 211 shares during the period. Finally, Entropy Technologies LP acquired a new position in shares of Morningstar in the 1st quarter valued at $427,000. 57.02% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on MORN. StockNews.com upgraded Morningstar from a "hold" rating to a "buy" rating in a report on Friday. UBS Group assumed coverage on shares of Morningstar in a research report on Tuesday, October 8th. They issued a "buy" rating and a $390.00 price target on the stock. BMO Capital Markets reissued an "outperform" rating and set a $352.00 price objective on shares of Morningstar in a research note on Wednesday, August 28th. Finally, Redburn Atlantic downgraded shares of Morningstar from a "buy" rating to a "neutral" rating and set a $340.00 target price for the company. in a research note on Wednesday, October 9th. One equities research analyst has rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $360.67.

Insider Buying and Selling

In related news, Chairman Joseph D. Mansueto sold 8,056 shares of the stock in a transaction on Monday, September 9th. The shares were sold at an average price of $305.95, for a total transaction of $2,464,733.20. Following the completion of the transaction, the chairman now owns 10,517,257 shares in the company, valued at approximately $3,217,754,779.15. This represents a 0.08 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director William M. Lyons sold 750 shares of Morningstar stock in a transaction on Monday, September 30th. The shares were sold at an average price of $316.48, for a total transaction of $237,360.00. Following the completion of the sale, the director now owns 13,590 shares in the company, valued at $4,300,963.20. The trade was a 5.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 71,195 shares of company stock valued at $23,252,260. Company insiders own 39.90% of the company's stock.

Morningstar Trading Down 1.6 %

NASDAQ:MORN traded down $5.42 on Friday, reaching $337.57. The company's stock had a trading volume of 128,763 shares, compared to its average volume of 118,571. The firm has a market cap of $14.48 billion, a PE ratio of 44.94 and a beta of 1.18. 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 business's 50-day moving average price is $328.76 and its two-hundred day moving average price is $310.94. Morningstar, Inc. has a 1-year low of $264.79 and a 1-year high of $352.55.

Morningstar (NASDAQ:MORN - Get Free Report) last posted its earnings results on Wednesday, October 23rd. The business services provider reported $2.00 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.01 by ($0.01). Morningstar had a return on equity of 23.28% and a net margin of 14.69%. The business had revenue of $569.40 million for the quarter.

Morningstar Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Friday, October 4th were given a $0.405 dividend. The ex-dividend date of this dividend was Friday, October 4th. This represents a $1.62 annualized dividend and a yield of 0.48%. Morningstar's dividend payout ratio is currently 21.40%.

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.