WINTON GROUP Ltd Invests $6.53 Million in Morningstar, Inc. $MORN

WINTON GROUP Ltd purchased a new position in shares of Morningstar, Inc. (NASDAQ:MORN) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 30,067 shares of the business services provider’s stock, valued at approximately $6,534,000.

Several other institutional investors have also modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of 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 worth $53,000 after acquiring an additional 34 shares during the last quarter. WPG Advisers LLC grew its position in shares of Morningstar by 36.0% during the fourth quarter. WPG Advisers LLC now owns 185 shares of the business services provider’s stock worth $40,000 after acquiring an additional 49 shares during the last quarter. Verdence Capital Advisors LLC grew its position in Morningstar by 3.9% in the 4th quarter. Verdence Capital Advisors LLC now owns 1,423 shares of the business services provider’s stock valued at $309,000 after buying an additional 54 shares in the last quarter. Clearstead Advisors LLC grew its position in Morningstar by 54.2% in the 3rd quarter. Clearstead Advisors LLC now owns 165 shares of the business services provider’s stock valued at $38,000 after buying an additional 58 shares in the last quarter. Finally, Diversify Advisory Services LLC grew its position in Morningstar by 4.7% in the 3rd quarter. Diversify Advisory Services LLC now owns 1,641 shares of the business services provider’s stock valued at $350,000 after buying an additional 74 shares in the last quarter. Institutional investors own 57.02% of the company’s stock.

Insider Buying and Selling at Morningstar

In other news, Chairman Joseph D. Mansueto sold 7,250 shares of the firm’s stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $166.23, for a total transaction of $1,205,167.50. Following the completion of the transaction, the chairman owned 8,114,492 shares in the company, valued at approximately $1,348,872,005.16. This trade represents a 0.09% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 64,720 shares of company stock worth $11,169,471. Company insiders own 38.80% of the company’s stock.

Morningstar Stock Performance

Shares of MORN opened at $185.76 on Friday. The firm has a 50-day moving average price of $176.04 and a 200 day moving average price of $189.90. The firm has a market capitalization of $7.06 billion, a PE ratio of 18.92 and a beta of 1.00. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.66. Morningstar, Inc. has a 52-week low of $149.08 and a 52-week high of $316.71.

Morningstar (NASDAQ:MORN) last posted its quarterly earnings data on Wednesday, April 29th. The business services provider reported $3.18 earnings per share for the quarter, beating the consensus estimate of $2.41 by $0.77. Morningstar had a net margin of 16.06% and a return on equity of 33.14%. The company had revenue of $644.80 million during the quarter, compared to analyst estimates of $626.91 million.

More Morningstar News

Here are the key news stories impacting Morningstar this week:

• Positive Sentiment: Morningstar’s high-profile valuation of SpaceX has generated heavy media coverage and may boost visibility for MORN as a credible independent research provider. Article Title
• Positive Sentiment: Morningstar stock crossed above its 200-day moving average, a technical signal that can attract momentum buyers and suggest improving trend strength. Article Title
• Neutral Sentiment: Multiple articles repeated Morningstar’s view that SpaceX is significantly overvalued, keeping MORN in the news but not directly changing its fundamentals. Article Title
• Neutral Sentiment: Morningstar also published commentary on broader market topics, including single-stock turbulence and political fraud claims, which appears more informational than stock-moving for MORN. Article Title

Analyst Upgrades and Downgrades

MORN has been the subject of a number of recent analyst reports. BMO Capital Markets decreased their target price on shares of Morningstar from $257.00 to $193.00 and set an “outperform” rating for the company in a research report on Tuesday, February 17th. Weiss Ratings lowered shares of Morningstar from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, April 9th. UBS Group set a $280.00 target price on shares of Morningstar in a research report on Friday, February 13th. Finally, Wall Street Zen upgraded shares of Morningstar from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Two research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Morningstar currently has a consensus rating of “Hold” and a consensus target price of $236.50.

About Morningstar

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.