Signaturefd LLC Buys 52 Shares of Morningstar, Inc. $MORN

Signaturefd LLC increased its stake in Morningstar, Inc. (NASDAQ:MORN) by 14.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 410 shares of the business services provider’s stock after purchasing an additional 52 shares during the period. Signaturefd LLC’s holdings in Morningstar were worth $129,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Hughes Financial Services LLC bought a new position in Morningstar in the first quarter valued at about $25,000. Larson Financial Group LLC grew its position in Morningstar by 5,066.7% in the first quarter. Larson Financial Group LLC now owns 155 shares of the business services provider’s stock valued at $46,000 after acquiring an additional 152 shares during the last quarter. MAI Capital Management grew its position in Morningstar by 37.8% in the first quarter. MAI Capital Management now owns 153 shares of the business services provider’s stock valued at $46,000 after acquiring an additional 42 shares during the last quarter. Blue Trust Inc. grew its position 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. grew its position in Morningstar by 23.6% in 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 acquiring an additional 34 shares during the last quarter. Institutional investors own 57.02% of the company’s stock.

Insider Transactions at Morningstar

In related news, Chairman Joseph D. Mansueto sold 6,705 shares of the company’s stock in a transaction 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 in the company, valued at approximately $2,427,390,703.40. This represents a 0.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders sold a total of 85,500 shares of company stock worth $22,341,957 in the last ninety days. Corporate insiders own 36.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on MORN shares. Wall Street Zen cut Morningstar from a “buy” rating to a “hold” rating in a research report on Saturday, July 5th. Weiss Ratings reiterated a “hold (c)” rating on shares of Morningstar in a research report on Saturday, September 27th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Morningstar currently has an average rating of “Moderate Buy” and a consensus price target of $361.67.

Morningstar Trading Down 0.1%

NASDAQ MORN opened at $226.12 on Friday. The company has a market cap of $9.54 billion, a price-to-earnings ratio of 24.08 and a beta of 1.00. Morningstar, Inc. has a 52 week low of $222.71 and a 52 week high of $365.00. The business has a 50 day moving average price of $254.47 and a 200-day moving average price of $281.24. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.52.

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

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.