Keeler Thomas Management LLC Buys Shares of 4,285 Morningstar, Inc. $MORN

Keeler Thomas Management LLC purchased a new stake in Morningstar, Inc. (NASDAQ:MORN) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 4,285 shares of the business services provider’s stock, valued at approximately $1,345,000.

Several other large investors have also added to or reduced their stakes in the business. Hughes Financial Services LLC acquired a new stake in Morningstar in the first quarter valued at approximately $25,000. IFP Advisors Inc lifted its holdings in shares of Morningstar by 270.3% in the second quarter. IFP Advisors Inc now owns 137 shares of the business services provider’s stock valued at $43,000 after purchasing an additional 100 shares in the last quarter. MAI Capital Management lifted its holdings in shares of Morningstar by 37.8% in the first quarter. MAI Capital Management now owns 153 shares of the business services provider’s stock valued at $46,000 after purchasing an additional 42 shares in the last quarter. Larson Financial Group LLC lifted its holdings in Morningstar by 5,066.7% during the first quarter. Larson Financial Group LLC now owns 155 shares of the business services provider’s stock worth $46,000 after acquiring an additional 152 shares during the period. Finally, Blue Trust Inc. lifted its holdings in Morningstar by 172.3% during the first quarter. Blue Trust Inc. now owns 177 shares of the business services provider’s stock worth $53,000 after acquiring an additional 112 shares during the period. Institutional investors and hedge funds own 57.02% of the company’s stock.

Insider Buying and Selling

In other Morningstar news, Chairman Joseph D. Mansueto sold 6,705 shares of the firm’s stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $260.65, for a total transaction of $1,747,658.25. Following the sale, the chairman directly owned 9,312,836 shares of the company’s stock, valued at $2,427,390,703.40. This trade represents a 0.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold 85,500 shares of company stock worth $22,341,957 over the last quarter. 36.20% of the stock is owned by company insiders.

Morningstar Stock Up 0.7%

MORN stock opened at $219.54 on Friday. Morningstar, Inc. has a twelve month low of $210.02 and a twelve month high of $365.00. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.52. The firm has a market cap of $9.26 billion, a PE ratio of 23.38 and a beta of 1.00. The business has a 50 day moving average of $240.82 and a 200 day moving average of $273.99.

Morningstar (NASDAQ:MORN) last issued its earnings results on Wednesday, July 30th. The business services provider reported $2.40 EPS for the quarter, beating the consensus estimate of $2.21 by $0.19. The business had revenue of $605.10 million for the quarter, compared to the consensus estimate of $605.84 million. Morningstar had a return on equity of 23.54% and a net margin of 17.22%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on MORN. Weiss Ratings restated a “hold (c)” rating on shares of Morningstar in a research note on Wednesday, October 8th. Wall Street Zen lowered Morningstar from a “buy” rating to a “hold” rating in a research note on Saturday, July 5th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, Morningstar currently has an average rating of “Moderate Buy” and a consensus target price of $355.00.

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.