Entropy Technologies LP raised its stake in shares of Morningstar, Inc. (NASDAQ:MORN - Free Report) by 265.2% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 3,857 shares of the business services provider's stock after purchasing an additional 2,801 shares during the period. Entropy Technologies LP's holdings in Morningstar were worth $1,231,000 as of its most recent SEC filing.
Other hedge funds also recently made changes to their positions in the company. Envestnet Portfolio Solutions Inc. grew its holdings in Morningstar by 60.8% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 1,140 shares of the business services provider's stock valued at $352,000 after buying an additional 431 shares in the last quarter. Headlands Technologies LLC purchased a new position in Morningstar in the first quarter worth about $66,000. Russell Investments Group Ltd. boosted its holdings in shares of Morningstar by 0.4% in the 1st quarter. Russell Investments Group Ltd. now owns 22,413 shares of the business services provider's stock worth $6,911,000 after purchasing an additional 82 shares during the period. Avantax Advisory Services Inc. boosted its stake in Morningstar by 8.3% during the first quarter. Avantax Advisory Services Inc. now owns 2,764 shares of the business services provider's stock worth $852,000 after buying an additional 211 shares during the period. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its holdings in shares of Morningstar by 3.9% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 10,840 shares of the business services provider's stock worth $3,343,000 after acquiring an additional 405 shares during the last quarter. 57.02% of the stock is currently owned by institutional investors.
A number of research analysts have recently commented on the company. Redburn Atlantic cut Morningstar from a "buy" rating to a "neutral" rating and set a $340.00 target price on the stock. in a research note on Wednesday, October 9th. BMO Capital Markets restated an "outperform" rating and issued a $352.00 price target on shares of Morningstar in a report on Wednesday, August 28th. StockNews.com downgraded shares of Morningstar from a "buy" rating to a "hold" rating in a research note on Thursday, November 7th. Finally, UBS Group started coverage on Morningstar in a research report on Tuesday, October 8th. They set a "buy" rating and a $390.00 price target on the stock. Two investment analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, Morningstar currently has a consensus rating of "Moderate Buy" and an average price target of $360.67.
View Our Latest Analysis on Morningstar
Shares of NASDAQ MORN opened at $345.47 on Thursday. Morningstar, Inc. has a 52 week low of $264.79 and a 52 week high of $352.55. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.55. The firm has a market cap of $14.81 billion, a P/E ratio of 45.64 and a beta of 1.18. The business's 50 day moving average price is $327.49 and its 200 day moving average price is $310.48.
Morningstar (NASDAQ:MORN - Get Free Report) last released its quarterly earnings data on Wednesday, October 23rd. The business services provider reported $2.00 earnings per share for the quarter, missing analysts' consensus estimates of $2.01 by ($0.01). Morningstar had a net margin of 14.69% and a return on equity of 23.28%. The company had revenue of $569.40 million for the quarter.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Friday, October 4th were given a $0.405 dividend. This represents a $1.62 dividend on an annualized basis and a dividend yield of 0.47%. The ex-dividend date of this dividend was Friday, October 4th. Morningstar's dividend payout ratio (DPR) is presently 21.40%.
In related news, Chairman Joseph D. Mansueto sold 6,209 shares of the stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $312.12, for a total value of $1,937,953.08. Following the completion of the transaction, the chairman now directly owns 10,574,707 shares of the company's stock, valued at approximately $3,300,577,548.84. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Chairman Joseph D. Mansueto sold 8,056 shares of the company's stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $305.95, for a total value of $2,464,733.20. Following the transaction, the chairman now directly owns 10,517,257 shares in the company, valued at approximately $3,217,754,779.15. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Chairman Joseph D. Mansueto sold 6,209 shares of the company's stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $312.12, for a total transaction of $1,937,953.08. Following the completion of the transaction, the chairman now directly owns 10,574,707 shares in the company, valued at $3,300,577,548.84. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 67,370 shares of company stock valued at $21,909,493. 39.90% of the stock is owned by corporate insiders.
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.
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