Morningstar, Inc. $MORN Stock Holdings Decreased by Sepio Capital LP

Sepio Capital LP cut its holdings in shares of Morningstar, Inc. (NASDAQ:MORN) by 31.7% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,008 shares of the business services provider’s stock after selling 1,857 shares during the quarter. Sepio Capital LP’s holdings in Morningstar were worth $1,258,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Avantax Advisory Services Inc. raised its holdings in Morningstar by 1.9% during the first quarter. Avantax Advisory Services Inc. now owns 2,959 shares of the business services provider’s stock valued at $887,000 after buying an additional 54 shares in the last quarter. Cetera Investment Advisers raised its stake in Morningstar by 6.2% during the first quarter. Cetera Investment Advisers now owns 2,206 shares of the business services provider’s stock worth $662,000 after acquiring an additional 129 shares in the last quarter. LPL Financial LLC boosted its stake in Morningstar by 14.6% in the first quarter. LPL Financial LLC now owns 5,836 shares of the business services provider’s stock worth $1,750,000 after purchasing an additional 744 shares in the last quarter. Mackenzie Financial Corp increased its holdings in shares of Morningstar by 24.2% in the first quarter. Mackenzie Financial Corp now owns 3,372 shares of the business services provider’s stock valued at $1,011,000 after purchasing an additional 656 shares in the last quarter. Finally, Jefferies Financial Group Inc. acquired a new position in Morningstar during the 1st quarter valued at about $535,000. Institutional investors and hedge funds own 57.02% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on MORN. Weiss Ratings restated a “hold (c-)” rating on shares of Morningstar in a report on Wednesday. UBS Group decreased their price objective on Morningstar from $350.00 to $320.00 and set a “buy” rating on the stock in a report on Thursday, October 30th. Wall Street Zen raised Morningstar from a “hold” rating to a “buy” rating in a research note on Friday. Finally, BMO Capital Markets set a $250.00 target price on Morningstar in a research note on Thursday, October 30th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $285.00.

Insider Buying and Selling at Morningstar

In other Morningstar news, Chairman Joseph D. Mansueto sold 1,286 shares of Morningstar stock in a transaction that occurred on Tuesday, November 25th. The stock was sold at an average price of $213.12, for a total value of $274,072.32. Following the transaction, the chairman directly owned 8,600,815 shares of the company’s stock, valued at $1,833,005,692.80. The trade was a 0.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Over the last three months, insiders sold 63,750 shares of company stock valued at $13,537,223. Insiders own 36.20% of the company’s stock.

Morningstar Price Performance

Morningstar stock opened at $214.87 on Monday. The company has a market cap of $8.84 billion, a price-to-earnings ratio of 24.44 and a beta of 1.06. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.52. The business’s 50 day simple moving average is $219.34 and its 200 day simple moving average is $261.16. Morningstar, Inc. has a 12 month low of $202.89 and a 12 month high of $365.00.

Morningstar (NASDAQ:MORN) last announced its quarterly earnings results on Wednesday, October 29th. The business services provider reported $2.55 EPS for the quarter, beating the consensus estimate of $2.42 by $0.13. The firm had revenue of $617.40 million during the quarter, compared to the consensus estimate of $603.29 million. Morningstar had a net margin of 15.70% and a return on equity of 24.68%.

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.