Morningstar, Inc. (NASDAQ:MORN) Shares Sold by Parnassus Investments LLC

Parnassus Investments LLC lowered its holdings in shares of Morningstar, Inc. (NASDAQ:MORN - Free Report) by 1.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 70,111 shares of the business services provider's stock after selling 923 shares during the quarter. Parnassus Investments LLC owned 0.16% of Morningstar worth $23,611,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Farther Finance Advisors LLC lifted its holdings in shares of Morningstar by 93.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 182 shares of the business services provider's stock worth $58,000 after acquiring an additional 88 shares during the last quarter. Janney Montgomery Scott LLC lifted its holdings in shares of Morningstar by 14.2% in the 3rd quarter. Janney Montgomery Scott LLC now owns 3,283 shares of the business services provider's stock worth $1,048,000 after acquiring an additional 407 shares during the last quarter. Crossmark Global Holdings Inc. lifted its holdings in shares of Morningstar by 30.7% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 2,258 shares of the business services provider's stock worth $720,000 after acquiring an additional 531 shares during the last quarter. Venturi Wealth Management LLC lifted its holdings in shares of Morningstar by 101.7% in 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 during the last quarter. Finally, Entropy Technologies LP lifted its holdings in shares of Morningstar by 265.2% in the 3rd quarter. Entropy Technologies LP now owns 3,857 shares of the business services provider's stock worth $1,231,000 after acquiring an additional 2,801 shares during the last quarter. Institutional investors own 57.02% of the company's stock.

Remove Ads

Morningstar Stock Up 1.6 %

Shares of NASDAQ:MORN traded up $4.45 during trading hours on Friday, hitting $286.94. The company's stock had a trading volume of 170,970 shares, compared to its average volume of 145,532. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.14 and a quick ratio of 1.14. The company has a market capitalization of $12.29 billion, a price-to-earnings ratio of 37.90 and a beta of 1.23. The firm's fifty day moving average price is $318.39 and its 200 day moving average price is $328.59. Morningstar, Inc. has a 52 week low of $278.64 and a 52 week high of $365.00.

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 (EPS) for the quarter, beating analysts' consensus estimates of $1.99 by $0.15. The business had revenue of $591.00 million for the quarter, compared to analyst estimates of $580.81 million. Morningstar had a net margin of 14.69% and a return on equity of 23.28%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on MORN. BMO Capital Markets decreased their price objective 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 upgraded shares of Morningstar from a "hold" rating to a "buy" rating in a report on Thursday, February 27th.

Insider Activity

In related news, Chairman Joseph D. Mansueto sold 9,062 shares of the stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $326.86, for a total transaction of $2,962,005.32. Following the sale, the chairman now directly owns 10,109,617 shares of the company's stock, valued at approximately $3,304,429,412.62. This represents a 0.09 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders have sold 59,542 shares of company stock valued at $18,769,523 in the last ninety days. Insiders own 37.70% 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.