Voya Investment Management LLC Buys 1,081 Shares of Morningstar, Inc. $MORN

Voya Investment Management LLC increased its stake in Morningstar, Inc. (NASDAQ:MORN) by 9.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 12,940 shares of the business services provider’s stock after purchasing an additional 1,081 shares during the period. Voya Investment Management LLC’s holdings in Morningstar were worth $3,880,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Hughes Financial Services LLC acquired a new stake in Morningstar during the first quarter worth about $25,000. Larson Financial Group LLC lifted its holdings in shares of Morningstar by 5,066.7% during the 1st quarter. Larson Financial Group LLC now owns 155 shares of the business services provider’s stock worth $46,000 after acquiring an additional 152 shares during the period. MAI Capital Management boosted its position in shares of Morningstar by 37.8% during the 1st quarter. MAI Capital Management now owns 153 shares of the business services provider’s stock worth $46,000 after acquiring an additional 42 shares in the last quarter. Blue Trust Inc. increased its stake in Morningstar by 172.3% in the first quarter. Blue Trust Inc. now owns 177 shares of the business services provider’s stock valued at $53,000 after acquiring an additional 112 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Morningstar by 23.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 178 shares of the business services provider’s stock valued at $53,000 after purchasing an additional 34 shares in the last quarter. Institutional investors and hedge funds own 57.02% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen downgraded Morningstar from a “buy” rating to a “hold” rating in a report on Saturday, July 5th. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $361.67.

Insider Activity at Morningstar

In related news, Chairman Joseph D. Mansueto sold 6,705 shares of the firm’s stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $260.65, for a total transaction of $1,747,658.25. Following the completion of the sale, the chairman owned 9,312,836 shares of the company’s stock, valued at $2,427,390,703.40. This trade represents a 0.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In the last 90 days, insiders sold 85,500 shares of company stock worth $22,341,957. 36.20% of the stock is owned by corporate insiders.

Morningstar Trading Up 0.6%

MORN opened at $235.16 on Friday. Morningstar, Inc. has a twelve month low of $230.86 and a twelve month high of $365.00. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.52. The company has a fifty day moving average of $264.94 and a 200-day moving average of $285.22. The stock has a market cap of $9.92 billion, a PE ratio of 25.04 and a beta of 1.01.

Morningstar (NASDAQ:MORN) last released its earnings results on Wednesday, July 30th. The business services provider reported $2.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.21 by $0.19. Morningstar had a net margin of 17.22% and a return on equity of 23.54%. The business had revenue of $605.10 million for the quarter, compared to analyst estimates of $605.84 million.

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.