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.
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.
View Our Latest Analysis on MORN
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
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Free Report)
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.
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