Morningstar, Inc. (MORN) Holdings Cut by Royce & Associates LP

Royce & Associates LP lessened its holdings in Morningstar, Inc. (NASDAQ:MORN) by 1.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 629,850 shares of the business services provider’s stock after selling 9,555 shares during the period. Royce & Associates LP owned about 1.48% of Morningstar worth $53,531,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the business. Stifel Financial Corp bought a new position in Morningstar in the third quarter valued at about $280,000. Dimensional Fund Advisors LP grew its position in Morningstar by 11.7% in the third quarter. Dimensional Fund Advisors LP now owns 352,135 shares of the business services provider’s stock valued at $29,928,000 after acquiring an additional 36,914 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its stake in shares of Morningstar by 5.5% during the third quarter. Schwab Charles Investment Management Inc. now owns 113,946 shares of the business services provider’s stock valued at $9,685,000 after purchasing an additional 5,925 shares in the last quarter. Great West Life Assurance Co. Can boosted its stake in shares of Morningstar by 75.4% during the third quarter. Great West Life Assurance Co. Can now owns 2,725 shares of the business services provider’s stock valued at $231,000 after purchasing an additional 1,171 shares in the last quarter. Finally, Golden Gate Private Equity Inc. boosted its stake in shares of Morningstar by 4.5% during the third quarter. Golden Gate Private Equity Inc. now owns 64,300 shares of the business services provider’s stock valued at $5,465,000 after purchasing an additional 2,750 shares in the last quarter. Hedge funds and other institutional investors own 38.65% of the company’s stock.

Shares of Morningstar, Inc. (NASDAQ:MORN) opened at $94.00 on Thursday. Morningstar, Inc. has a 12 month low of $68.43 and a 12 month high of $95.07. The company has a market capitalization of $3,973.55, a PE ratio of 35.53 and a beta of 0.78. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.69 and a current ratio of 1.69.

Separately, BidaskClub raised Morningstar from a “buy” rating to a “strong-buy” rating in a research note on Monday, August 14th.

In related news, Director Steven N. Kaplan sold 2,500 shares of Morningstar stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $91.85, for a total value of $229,625.00. Following the transaction, the director now directly owns 44,821 shares of the company’s stock, valued at $4,116,808.85. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Gail S. Landis sold 500 shares of Morningstar stock in a transaction that occurred on Thursday, October 26th. The stock was sold at an average price of $87.00, for a total value of $43,500.00. Following the completion of the transaction, the director now directly owns 47,921 shares in the company, valued at $4,169,127. The disclosure for this sale can be found here. Insiders have sold 23,500 shares of company stock worth $2,024,825 over the last three months. Insiders own 57.40% of the company’s stock.

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Morningstar Company Profile

Morningstar, Inc is a provider of independent investment research in North America, Europe, Australia, and Asia. The Company focuses to create products that help investors reach their financial goals. It offers a range of data, software, research, and investment management offerings for financial advisors, asset managers, sponsors, and individual investors.

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Institutional Ownership by Quarter for Morningstar (NASDAQ:MORN)

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