Entropy Technologies LP Purchases 1,898 Shares of Morningstar, Inc. $MORN

Entropy Technologies LP increased its position in shares of Morningstar, Inc. (NASDAQ:MORN) by 68.8% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,655 shares of the business services provider’s stock after acquiring an additional 1,898 shares during the period. Entropy Technologies LP’s holdings in Morningstar were worth $1,461,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Morningstar by 23.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 178 shares of the business services provider’s stock valued at $53,000 after buying an additional 34 shares during the last quarter. MAI Capital Management increased its position in Morningstar by 37.8% in the 1st 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 period. Compound Planning Inc. raised its stake in shares of Morningstar by 6.6% during the first quarter. Compound Planning Inc. now owns 777 shares of the business services provider’s stock valued at $233,000 after acquiring an additional 48 shares during the last quarter. Blue Trust Inc. lifted its holdings in shares of Morningstar by 28.8% during the second quarter. Blue Trust Inc. now owns 228 shares of the business services provider’s stock worth $72,000 after purchasing an additional 51 shares during the period. Finally, Signaturefd LLC grew its stake in shares of Morningstar by 14.5% in the second quarter. Signaturefd LLC now owns 410 shares of the business services provider’s stock worth $129,000 after purchasing an additional 52 shares during the last quarter. 57.02% of the stock is currently owned by institutional investors.

Morningstar Stock Up 1.7%

Morningstar stock opened at $212.84 on Friday. The company has a market capitalization of $8.75 billion, a PE ratio of 24.21 and a beta of 1.06. Morningstar, Inc. has a 12-month low of $202.89 and a 12-month high of $365.00. The firm’s fifty day moving average is $222.28 and its 200 day moving average is $264.68. 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 posted its quarterly earnings results on Wednesday, October 29th. The business services provider reported $2.55 earnings per share for the quarter, beating the consensus estimate of $2.42 by $0.13. Morningstar had a net margin of 15.70% and a return on equity of 24.68%. The firm had revenue of $617.40 million during the quarter, compared to the consensus estimate of $603.29 million.

Insiders Place Their Bets

In other Morningstar news, Chairman Joseph D. Mansueto sold 7,250 shares of the stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $211.95, for a total value of $1,536,637.50. Following the transaction, the chairman owned 8,693,565 shares in the company, valued at approximately $1,842,601,101.75. This represents a 0.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last 90 days, insiders sold 66,779 shares of company stock worth $14,767,643. 36.20% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. UBS Group cut their price objective on Morningstar from $350.00 to $320.00 and set a “buy” rating on the stock in a research note on Thursday, October 30th. BMO Capital Markets set a $250.00 target price on shares of Morningstar in a report on Thursday, October 30th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Morningstar in a report on Thursday. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $285.00.

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.