Tudor Investment Corp ET AL Reduces Position in Morningstar, Inc. $MORN

Tudor Investment Corp ET AL cut its position in Morningstar, Inc. (NASDAQ:MORN) by 63.3% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,029 shares of the business services provider’s stock after selling 15,598 shares during the period. Tudor Investment Corp ET AL’s holdings in Morningstar were worth $2,095,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the company. Allworth Financial LP increased its position in shares of Morningstar by 72.9% in the 3rd quarter. Allworth Financial LP now owns 268 shares of the business services provider’s stock valued at $62,000 after purchasing an additional 113 shares during the last quarter. IFP Advisors Inc increased its position in shares of Morningstar by 84.7% in the 3rd quarter. IFP Advisors Inc now owns 253 shares of the business services provider’s stock valued at $59,000 after purchasing an additional 116 shares during the last quarter. Swiss Life Asset Management Ltd increased its position in shares of Morningstar by 76.0% in the 3rd quarter. Swiss Life Asset Management Ltd now owns 1,264 shares of the business services provider’s stock valued at $293,000 after purchasing an additional 546 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Morningstar by 34.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 318,478 shares of the business services provider’s stock valued at $73,891,000 after purchasing an additional 82,154 shares during the last quarter. Finally, CIBC Bancorp USA Inc. purchased a new stake in shares of Morningstar in the 3rd quarter valued at approximately $972,000. 57.02% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently issued reports on MORN shares. UBS Group set a $280.00 target price on shares of Morningstar in a report on Friday, February 13th. Wall Street Zen upgraded shares of Morningstar from a “hold” rating to a “buy” rating in a report on Friday, January 23rd. Weiss Ratings cut shares of Morningstar from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday. Finally, BMO Capital Markets lowered their target price on shares of Morningstar from $257.00 to $193.00 and set an “outperform” rating for the company in a report on Tuesday, February 17th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $236.50.

Morningstar Price Performance

Shares of NASDAQ:MORN opened at $167.97 on Monday. The stock has a market cap of $6.47 billion, a P/E ratio of 18.85 and a beta of 1.11. The firm has a fifty day moving average price of $172.83 and a 200 day moving average price of $200.91. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.99 and a quick ratio of 0.99. Morningstar, Inc. has a 1-year low of $149.08 and a 1-year high of $316.71.

Morningstar (NASDAQ:MORN) last issued its quarterly earnings results on Thursday, February 12th. The business services provider reported $2.71 earnings per share for the quarter, topping analysts’ consensus estimates of $2.34 by $0.37. The firm had revenue of $641.10 million during the quarter, compared to analysts’ expectations of $634.43 million. Morningstar had a net margin of 15.30% and a return on equity of 27.94%.

Insiders Place Their Bets

In other Morningstar news, CFO Michael Holt purchased 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 4th. The stock was purchased at an average price of $186.59 per share, for a total transaction of $186,590.00. Following the purchase, the chief financial officer directly owned 9,480 shares in the company, valued at approximately $1,768,873.20. This trade represents a 11.79% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Joseph D. Mansueto sold 3,122 shares of the stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $182.32, for a total transaction of $569,203.04. Following the sale, the chairman owned 8,138,232 shares of the company’s stock, valued at approximately $1,483,762,458.24. This represents a 0.04% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 84,643 shares of company stock valued at $14,088,066. 38.80% of the stock is owned by company insiders.

Morningstar Company Profile

Morningstar, Inc is a leading provider of independent investment research, data, and analytics, serving both individual investors and financial professionals. The company offers comprehensive coverage of financial products, including mutual funds, exchange-traded funds (ETFs), stocks, bonds and market indexes. Morningstar’s proprietary rating systems and research methodologies help clients assess the risk and return profiles of investment opportunities and make informed decisions.

Its core products include Morningstar Direct, an institutional investment analysis platform; Morningstar Office Cloud, a portfolio management solution for advisors; and Morningstar Data, which delivers extensive datasets through APIs and data feeds.