Proficio Capital Partners LLC bought a new stake in Morningstar, Inc. (NASDAQ:MORN - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 17,192 shares of the business services provider's stock, valued at approximately $5,790,000.
Other large investors have also recently made changes to their positions in the company. Geode Capital Management LLC boosted its position in shares of Morningstar by 2.1% in the 3rd quarter. Geode Capital Management LLC now owns 497,411 shares of the business services provider's stock valued at $158,772,000 after purchasing an additional 10,437 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of Morningstar by 2.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 191,765 shares of the business services provider's stock valued at $61,196,000 after purchasing an additional 5,045 shares during the period. Victory Capital Management Inc. boosted its position in shares of Morningstar by 12.7% in the 3rd quarter. Victory Capital Management Inc. now owns 15,843 shares of the business services provider's stock valued at $5,056,000 after purchasing an additional 1,789 shares during the period. Quantbot Technologies LP lifted its position in Morningstar by 259.3% during the 3rd quarter. Quantbot Technologies LP now owns 13,769 shares of the business services provider's stock worth $4,394,000 after acquiring an additional 9,937 shares during the period. Finally, B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in Morningstar during the 3rd quarter worth approximately $3,181,000. 57.02% of the stock is owned by institutional investors and hedge funds.
Morningstar Price Performance
Morningstar stock traded up $0.29 during mid-day trading on Tuesday, hitting $291.38. 66,925 shares of the company were exchanged, compared to its average volume of 114,732. 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 business's 50 day simple moving average is $317.71 and its two-hundred day simple moving average is $328.70. The company has a market capitalization of $12.48 billion, a P/E ratio of 38.49 and a beta of 1.23. Morningstar, Inc. has a 12-month low of $278.64 and a 12-month high of $365.00.
Morningstar (NASDAQ:MORN - Get Free Report) last posted its quarterly earnings data on Wednesday, February 26th. The business services provider reported $2.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.99 by $0.15. Morningstar had a return on equity of 23.28% and a net margin of 14.69%. The business had revenue of $591.00 million for the quarter, compared to analysts' expectations of $580.81 million.
Insider Transactions at Morningstar
In related news, Chairman Joseph D. Mansueto sold 9,062 shares of Morningstar stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $326.86, for a total value of $2,962,005.32. Following the transaction, the chairman now owns 10,109,617 shares in the company, valued at approximately $3,304,429,412.62. This trade represents a 0.09 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold 59,544 shares of company stock worth $18,770,097 over the last quarter. 39.90% of the stock is currently owned by insiders.
Analyst Ratings Changes
MORN has been the subject of a number of analyst reports. StockNews.com downgraded Morningstar from a "buy" rating to a "hold" rating in a research note on Monday. BMO Capital Markets cut their target price on Morningstar from $387.00 to $370.00 and set an "outperform" rating for the company in a research note on Monday, March 3rd.
Check Out Our Latest Stock Analysis on Morningstar
Morningstar Company Profile
(
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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