Nicholas Company Inc. Has $19.07 Million Holdings in Morningstar, Inc. (NASDAQ:MORN)

Nicholas Company Inc. increased its position in shares of Morningstar, Inc. (NASDAQ:MORN - Free Report) by 115.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 56,630 shares of the business services provider's stock after acquiring an additional 30,320 shares during the period. Nicholas Company Inc. owned about 0.13% of Morningstar worth $19,071,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in MORN. Smartleaf Asset Management LLC boosted its holdings in shares of Morningstar by 178.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 78 shares of the business services provider's stock valued at $26,000 after purchasing an additional 50 shares in the last quarter. Bradley & Co. Private Wealth Management LLC acquired a new stake in Morningstar in the fourth quarter valued at about $28,000. R Squared Ltd bought a new position in Morningstar in the fourth quarter valued at about $40,000. Venturi Wealth Management LLC raised its stake in Morningstar by 101.7% during the third 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. Finally, V Square Quantitative Management LLC lifted its holdings in shares of Morningstar by 49.5% in the fourth quarter. V Square Quantitative Management LLC now owns 139 shares of the business services provider's stock worth $47,000 after acquiring an additional 46 shares during the last quarter. 57.02% of the stock is owned by institutional investors.

Remove Ads

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. BMO Capital Markets decreased their price target on shares of Morningstar from $387.00 to $370.00 and set an "outperform" rating on the stock in a report on Monday, March 3rd. StockNews.com raised shares of Morningstar from a "hold" rating to a "buy" rating in a research note on Thursday, February 27th.

Insider Buying and Selling at Morningstar

In other Morningstar news, Chairman Joseph D. Mansueto sold 9,062 shares of the stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $282.25, for a total transaction of $2,557,749.50. Following the transaction, the chairman now directly owns 10,038,270 shares in the company, valued at approximately $2,833,301,707.50. This represents a 0.09 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In the last 90 days, insiders sold 59,544 shares of company stock valued at $18,770,097. 39.90% of the stock is currently owned by company insiders.

Morningstar Trading Up 1.4 %

NASDAQ MORN traded up $4.15 on Monday, reaching $291.09. The company had a trading volume of 275,639 shares, compared to its average volume of 115,063. The firm has a market cap of $12.47 billion, a price-to-earnings ratio of 38.45 and a beta of 1.23. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.14 and a quick ratio of 1.14. Morningstar, Inc. has a fifty-two week low of $278.64 and a fifty-two week high of $365.00. The business has a 50 day moving average of $317.71 and a two-hundred day moving average of $328.70.

Morningstar (NASDAQ:MORN - Get Free Report) last issued its quarterly earnings results on Wednesday, February 26th. The business services provider reported $2.14 earnings per share for the quarter, beating the consensus estimate of $1.99 by $0.15. The company had revenue of $591.00 million during the quarter, compared to analysts' expectations of $580.81 million. Morningstar had a return on equity of 23.28% and a net margin of 14.69%.

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.