Edgestream Partners L.P. Has $1.53 Million Stock Holdings in Morningstar, Inc. (NASDAQ:MORN)

Edgestream Partners L.P. lifted its position in Morningstar, Inc. (NASDAQ:MORN) by 16.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,778 shares of the business services provider’s stock after buying an additional 661 shares during the quarter. Edgestream Partners L.P.’s holdings in Morningstar were worth $1,525,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of MORN. V Square Quantitative Management LLC bought a new position in Morningstar in the 3rd quarter worth $30,000. Blue Trust Inc. increased its stake in shares of Morningstar by 326.9% in the second quarter. Blue Trust Inc. now owns 111 shares of the business services provider’s stock worth $34,000 after purchasing an additional 85 shares during the period. Crewe Advisors LLC acquired a new position in shares of Morningstar during the 2nd quarter worth about $35,000. DT Investment Partners LLC bought a new stake in Morningstar during the 2nd quarter valued at approximately $36,000. Finally, Venturi Wealth Management LLC boosted its stake in Morningstar by 101.7% during the 3rd quarter. Venturi Wealth Management LLC now owns 121 shares of the business services provider’s stock valued at $39,000 after purchasing an additional 61 shares during the period. 57.02% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Redburn Atlantic lowered Morningstar from a “buy” rating to a “neutral” rating and set a $340.00 price target for the company. in a report on Wednesday, October 9th. StockNews.com lowered shares of Morningstar from a “buy” rating to a “hold” rating in a research report on Monday. BMO Capital Markets reissued an “outperform” rating and issued a $352.00 price target on shares of Morningstar in a report on Wednesday, August 28th. Finally, UBS Group started coverage on shares of Morningstar in a research note on Tuesday, October 8th. They issued a “buy” rating and a $390.00 target price for the company. Two analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $360.67.

Insider Buying and Selling at Morningstar

In other Morningstar news, Director William M. Lyons sold 750 shares of the business’s stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $331.88, for a total value of $248,910.00. Following the transaction, the director now directly owns 12,840 shares in the company, valued at $4,261,339.20. The trade was a 5.52 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Joseph D. Mansueto sold 8,056 shares of the firm’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $305.95, for a total transaction of $2,464,733.20. Following the sale, the chairman now directly owns 10,517,257 shares of the company’s stock, valued at approximately $3,217,754,779.15. The trade was a 0.08 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 57,298 shares of company stock worth $19,305,383 over the last three months. Company insiders own 37.70% of the company’s stock.

Morningstar Trading Down 0.9 %

Shares of Morningstar stock opened at $351.17 on Wednesday. Morningstar, Inc. has a 52-week low of $269.51 and a 52-week high of $359.50. The firm has a market capitalization of $15.06 billion, a PE ratio of 46.39 and a beta of 1.19. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.14 and a quick ratio of 1.14. The company’s fifty day moving average price is $337.31 and its two-hundred day moving average price is $315.90.

Morningstar (NASDAQ:MORN) last posted its quarterly earnings results on Wednesday, October 23rd. The business services provider reported $2.00 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.01 by ($0.01). The business had revenue of $569.40 million during the quarter. Morningstar had a return on equity of 23.28% and a net margin of 14.69%.

Morningstar Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Friday, October 4th were paid a $0.405 dividend. This represents a $1.62 annualized dividend and a yield of 0.46%. The ex-dividend date of this dividend was Friday, October 4th. Morningstar’s dividend payout ratio is 21.40%.

Morningstar 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.