3,090 Shares in Morningstar, Inc. $MORN Purchased by Aurora Investment Counsel

Aurora Investment Counsel purchased a new position in Morningstar, Inc. (NASDAQ:MORN) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 3,090 shares of the business services provider’s stock, valued at approximately $970,000.

A number of other large investors also recently bought and sold shares of the business. Chicago Partners Investment Group LLC acquired a new position in Morningstar in the 2nd quarter worth about $246,000. Aspiriant LLC acquired a new position in Morningstar in the 2nd quarter worth about $216,000. Nordea Investment Management AB raised its holdings in Morningstar by 3.0% in the 2nd quarter. Nordea Investment Management AB now owns 60,181 shares of the business services provider’s stock worth $18,801,000 after purchasing an additional 1,755 shares during the period. Barlow Wealth Partners Inc. raised its holdings in Morningstar by 33.6% in the 2nd quarter. Barlow Wealth Partners Inc. now owns 49,072 shares of the business services provider’s stock worth $15,237,000 after purchasing an additional 12,350 shares during the period. Finally, Allianz Asset Management GmbH acquired a new position in Morningstar in the 2nd quarter worth about $5,247,000. Institutional investors and hedge funds own 57.02% of the company’s stock.

Insider Activity at Morningstar

In related news, Chairman Joseph D. Mansueto sold 6,705 shares of the stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $260.65, for a total value of $1,747,658.25. Following the completion of the sale, the chairman owned 9,312,836 shares of the company’s stock, valued at approximately $2,427,390,703.40. This trade represents a 0.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold a total of 85,500 shares of company stock valued at $22,341,957 over the last ninety days. 36.20% of the stock is currently owned by company insiders.

Morningstar Price Performance

Shares of Morningstar stock opened at $218.20 on Tuesday. Morningstar, Inc. has a 12 month low of $210.02 and a 12 month high of $365.00. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.13 and a quick ratio of 1.13. The stock has a market capitalization of $9.20 billion, a P/E ratio of 23.24 and a beta of 1.00. The business has a 50 day simple moving average of $243.97 and a two-hundred day simple moving average of $275.26.

Morningstar (NASDAQ:MORN) last posted its quarterly 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. Morningstar had a return on equity of 23.54% and a net margin of 17.22%.The firm had revenue of $605.10 million during the quarter, compared to analysts’ expectations of $605.84 million.

Analyst Ratings Changes

A number of brokerages have commented on MORN. Weiss Ratings reissued a “hold (c)” rating on shares of Morningstar in a report on Wednesday, October 8th. Wall Street Zen cut Morningstar from a “buy” rating to a “hold” rating in a report on Saturday, July 5th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, Morningstar has a consensus rating of “Moderate Buy” and an average price target of $355.00.

About Morningstar

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.