1,188 Shares in Morningstar, Inc. $MORN Bought by Brighton Jones LLC

Brighton Jones LLC purchased a new position in Morningstar, Inc. (NASDAQ:MORN) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,188 shares of the business services provider’s stock, valued at approximately $373,000.

Several other large investors also recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Morningstar by 23.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 178 shares of the business services provider’s stock worth $53,000 after buying an additional 34 shares during the last quarter. Ballentine Partners LLC increased its holdings in shares of Morningstar by 3.4% in the 1st quarter. Ballentine Partners LLC now owns 1,290 shares of the business services provider’s stock worth $387,000 after buying an additional 42 shares during the last quarter. MAI Capital Management increased its stake in Morningstar by 37.8% during the first quarter. MAI Capital Management now owns 153 shares of the business services provider’s stock worth $46,000 after acquiring an additional 42 shares during the last quarter. Compound Planning Inc. increased its stake in Morningstar by 6.6% during the first quarter. Compound Planning Inc. now owns 777 shares of the business services provider’s stock worth $233,000 after acquiring an additional 48 shares during the last quarter. Finally, Linden Thomas Advisory Services LLC increased its stake in Morningstar by 1.0% during the first quarter. Linden Thomas Advisory Services LLC now owns 5,200 shares of the business services provider’s stock worth $1,559,000 after acquiring an additional 49 shares during the last quarter. Institutional investors own 57.02% of the company’s stock.

Morningstar Stock Performance

Shares of Morningstar stock opened at $214.43 on Friday. The stock’s fifty day moving average is $237.21 and its two-hundred day moving average is $272.45. The company has a market capitalization of $9.04 billion, a PE ratio of 24.39 and a beta of 1.00. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.52. Morningstar, Inc. has a 52 week low of $202.89 and a 52 week high of $365.00.

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

Analysts Set New Price Targets

Several brokerages have weighed in on MORN. BMO Capital Markets set a $250.00 price objective on Morningstar in a research note on Thursday. Weiss Ratings reissued a “hold (c)” rating on shares of Morningstar in a research report on Wednesday, October 8th. Wall Street Zen cut shares of Morningstar from a “buy” rating to a “hold” rating in a research report on Saturday, July 5th. Finally, UBS Group cut their price objective on shares of Morningstar from $350.00 to $320.00 and set a “buy” rating on the stock in a research report on Thursday. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $285.00.

Insider Activity at Morningstar

In other Morningstar news, Chairman Joseph D. Mansueto sold 7,250 shares of the company’s stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $256.50, for a total value of $1,859,625.00. Following the transaction, the chairman directly owned 9,373,175 shares in the company, valued at $2,404,219,387.50. This represents a 0.08% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold 85,500 shares of company stock valued at $22,341,957 in the last quarter. Corporate insiders own 36.20% of the company’s stock.

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.