Public Employees Retirement System of Ohio acquired a new stake in shares of Morningstar, Inc. (NASDAQ:MORN – Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 5,785 shares of the business services provider’s stock, valued at approximately $903,000.
Other institutional investors have also added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Morningstar by 23.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 178 shares of the business services provider’s stock valued at $53,000 after purchasing an additional 34 shares in the last quarter. Quarry LP raised its stake in Morningstar by 51.2% in the fourth quarter. Quarry LP now owns 189 shares of the business services provider’s stock worth $41,000 after buying an additional 64 shares in the last quarter. Diversify Advisory Services LLC lifted its holdings in Morningstar by 4.7% in the third quarter. Diversify Advisory Services LLC now owns 1,641 shares of the business services provider’s stock worth $350,000 after buying an additional 74 shares during the period. Osterweis Capital Management Inc. bought a new stake in Morningstar during the 2nd quarter valued at approximately $29,000. Finally, Measured Wealth Private Client Group LLC bought a new stake in Morningstar during the 3rd quarter valued at approximately $26,000. 57.02% of the stock is currently owned by institutional investors.
Insider Buying and Selling
In other Morningstar news, Chairman Joseph Mansueto sold 5,659 shares of the stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $218.84, for a total value of $1,238,415.56. Following the transaction, the chairman owned 7,938,192 shares of the company’s stock, valued at approximately $1,737,193,937.28. This 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 can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 86,500 shares of company stock worth $17,824,451 in the last three months. 38.80% of the stock is currently owned by corporate insiders.
Analyst Ratings Changes
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Morningstar Stock Down 1.2%
Shares of Morningstar stock opened at $198.09 on Thursday. Morningstar, Inc. has a twelve month low of $141.49 and a twelve month high of $261.37. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.66. The company’s 50 day moving average is $192.99 and its 200 day moving average is $180.89. The company has a market cap of $7.43 billion, a price-to-earnings ratio of 18.76 and a beta of 1.00.
Morningstar (NASDAQ:MORN – Get Free Report) last posted its earnings results on Wednesday, July 29th. The business services provider reported $3.10 EPS for the quarter, topping analysts’ consensus estimates of $2.83 by $0.27. The business had revenue of $663.20 million during the quarter, compared to the consensus estimate of $649.72 million. Morningstar had a net margin of 16.43% and a return on equity of 38.57%.
Morningstar Company Profile
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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