Nicholas Company Inc. Boosts Stake in Morningstar, Inc. (NASDAQ:MORN)

Nicholas Company Inc. lifted its position in Morningstar, Inc. (NASDAQ:MORN - Free Report) by 115.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 56,630 shares of the business services provider's stock after buying an additional 30,320 shares during the period. Nicholas Company Inc. owned approximately 0.13% of Morningstar worth $19,071,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the company. Glenview Trust co purchased a new stake in Morningstar in the 4th quarter worth approximately $227,000. Envestnet Portfolio Solutions Inc. increased its position in shares of Morningstar by 26.4% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 1,269 shares of the business services provider's stock valued at $427,000 after purchasing an additional 265 shares during the last quarter. Catalyst Funds Management Pty Ltd purchased a new stake in Morningstar during the 4th quarter valued at $547,000. Commonwealth Equity Services LLC raised its stake in shares of Morningstar by 27.5% in 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. Finally, Swiss National Bank boosted its stake 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 period. 57.02% of the stock is owned by hedge funds and other institutional investors.

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Morningstar Stock Up 0.2 %

Shares of MORN stock traded up $0.62 on Tuesday, hitting $291.71. The stock had a trading volume of 157,304 shares, compared to its average volume of 115,080. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.55. Morningstar, Inc. has a one year low of $278.64 and a one year high of $365.00. The business has a 50 day moving average price of $317.71 and a 200 day moving average price of $328.70. The company has a market cap of $12.50 billion, a PE ratio of 38.54 and a beta of 1.23.

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

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at Morningstar

In other news, Chairman Joseph D. Mansueto sold 1,716 shares of the stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $327.89, for a total transaction of $562,659.24. Following the completion of the sale, the chairman now owns 10,151,120 shares in the company, valued at approximately $3,328,450,736.80. This represents a 0.02 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders have sold 59,544 shares of company stock worth $18,770,097 over the last quarter. Insiders own 39.90% of the company's stock.

Morningstar Company 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.