Focus Partners Advisor Solutions LLC Makes New $500,000 Investment in Morningstar, Inc. $MORN

Focus Partners Advisor Solutions LLC acquired a new stake in Morningstar, Inc. (NASDAQ:MORN) in the 2nd quarter, HoldingsChannel.com reports. The firm acquired 3,206 shares of the business services provider’s stock, valued at approximately $500,000.

Several other hedge funds have also recently modified their holdings of the company. Grove Bank & Trust bought a new position in shares of Morningstar in the second quarter valued at approximately $25,000. Cassaday & Co Wealth Management LLC bought a new stake in Morningstar during the first quarter worth $26,000. Measured Wealth Private Client Group LLC bought a new stake in Morningstar during the third quarter worth $26,000. Osterweis Capital Management Inc. purchased a new position in Morningstar in the second quarter worth $29,000. Finally, WPG Advisers LLC boosted its position in Morningstar by 36.0% in the fourth quarter. WPG Advisers LLC now owns 185 shares of the business services provider’s stock worth $40,000 after purchasing an additional 49 shares during the last quarter. Institutional investors own 57.02% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on MORN shares. UBS Group decreased their target price on Morningstar from $280.00 to $260.00 and set a “buy” rating for the company in a research report on Tuesday, July 7th. Rothschild & Co Redburn set a $210.00 price target on shares of Morningstar in a report on Thursday, June 18th. Weiss Ratings upgraded shares of Morningstar from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday. Wall Street Zen upgraded shares of Morningstar from a “hold” rating to a “buy” rating in a report on Sunday, June 21st. Finally, BMO Capital Markets reaffirmed an “outperform” rating and issued a $212.00 price objective on shares of Morningstar in a research report on Friday, June 26th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $227.33.

Insider Transactions at Morningstar

In other news, Director William M. Lyons sold 1,000 shares of Morningstar stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $199.00, for a total value of $199,000.00. Following the completion of the transaction, the director owned 12,904 shares in the company, valued at $2,567,896. This trade represents a 7.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Joseph D. Mansueto sold 7,250 shares of Morningstar stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $201.06, for a total transaction of $1,457,685.00. Following the completion of the transaction, the chairman owned 8,016,442 shares of the company’s stock, valued at $1,611,785,828.52. The trade was a 0.09% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 50,716 shares of company stock valued at $10,099,415 in the last quarter. Company insiders own 38.80% of the company’s stock.

Morningstar Stock Up 1.0%

Shares of NASDAQ MORN opened at $208.73 on Wednesday. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.06 and a quick ratio of 1.06. The stock has a market capitalization of $7.83 billion, a PE ratio of 19.77 and a beta of 0.99. Morningstar, Inc. has a one year low of $141.49 and a one year high of $266.05. The business’s fifty day moving average price is $176.77 and its 200-day moving average price is $176.20.

Morningstar (NASDAQ:MORN) last announced its quarterly earnings data on Wednesday, July 29th. The business services provider reported $3.10 earnings per share for the quarter, topping the consensus estimate of $2.83 by $0.27. Morningstar had a return on equity of 38.57% and a net margin of 16.43%.The company had revenue of $663.20 million during the quarter, compared to analyst estimates of $649.72 million.

Morningstar 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.