Entropy Technologies LP Sells 2,870 Shares of Morningstar, Inc. $MORN

Entropy Technologies LP lowered its position in shares of Morningstar, Inc. (NASDAQ:MORN – Free Report) by 64.7% in the first quarter, HoldingsChannel reports. The firm owned 1,565 shares of the business services provider’s stock after selling 2,870 shares during the period. Entropy Technologies LP’s holdings in Morningstar were worth $265,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in MORN. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Morningstar in the fourth quarter valued at about $25,000. Cassaday & Co Wealth Management LLC acquired a new stake in shares of Morningstar during the first quarter worth approximately $26,000. Measured Wealth Private Client Group LLC acquired a new stake in shares of Morningstar during the third quarter worth approximately $26,000. Osterweis Capital Management Inc. bought a new position in shares of Morningstar in the second quarter valued at approximately $29,000. Finally, V Square Quantitative Management LLC bought a new position in shares of Morningstar in the fourth quarter valued at approximately $35,000. 57.02% of the stock is owned by institutional investors.

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Morningstar Trading Down 0.3%

Shares of NASDAQ MORN opened at $192.57 on Friday. Morningstar, Inc. has a 1-year low of $141.49 and a 1-year high of $279.33. The company has a market cap of $7.22 billion, a PE ratio of 18.24 and a beta of 1.01. The company has a current ratio of 1.06, a quick ratio of 1.03 and a debt-to-equity ratio of 1.66. The company has a 50-day moving average of $172.26 and a two-hundred day moving average of $177.34.

Morningstar (NASDAQ:MORN – Get Free Report) last announced its earnings results on Wednesday, July 29th. The business services provider reported $3.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.83 by $0.27. Morningstar had a net margin of 16.43% and a return on equity of 38.57%. The company had revenue of $663.20 million for the quarter, compared to analyst estimates of $649.72 million.

Insider Activity at Morningstar

In other Morningstar news, Director William M. Lyons sold 700 shares of the company’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $179.00, for a total transaction of $125,300.00. Following the transaction, the director owned 13,904 shares of the company’s stock, valued at approximately $2,488,816. This represents a 4.79% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Joseph D. Mansueto sold 7,250 shares of the stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $166.23, for a total value of $1,205,167.50. Following the completion of the transaction, the chairman owned 8,114,492 shares in the company, valued at $1,348,872,005.16. The trade was a 0.09% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 57,470 shares of company stock valued at $9,929,576 in the last 90 days. 38.80% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on MORN. Rothschild & Co Redburn set a $210.00 target price on Morningstar in a report on Thursday, June 18th. UBS Group dropped their price target on Morningstar from $280.00 to $260.00 and set a “buy” rating for the company in a report on Tuesday, July 7th. BMO Capital Markets reiterated an “outperform” rating and issued a $212.00 price objective on shares of Morningstar in a research report on Friday, June 26th. Wall Street Zen raised Morningstar from a “hold” rating to a “buy” rating in a research note on Sunday, June 21st. Finally, Weiss Ratings cut Morningstar from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $227.33.

Check Out Our Latest Stock Report on MORN

About Morningstar

(Free Report)

Morningstar, Inc is a leading provider of independent investment research, data, and analytics, serving both individual investors and financial professionals. The company offers comprehensive coverage of financial products, including mutual funds, exchange-traded funds (ETFs), stocks, bonds and market indexes. Morningstar’s proprietary rating systems and research methodologies help clients assess the risk and return profiles of investment opportunities and make informed decisions.

Its core products include Morningstar Direct, an institutional investment analysis platform; Morningstar Office Cloud, a portfolio management solution for advisors; and Morningstar Data, which delivers extensive datasets through APIs and data feeds.

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