1,625 Shares in Morningstar, Inc. (NASDAQ:MORN) Acquired by Catalyst Funds Management Pty Ltd

Catalyst Funds Management Pty Ltd purchased a new position in shares of Morningstar, Inc. (NASDAQ:MORN) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 1,625 shares of the business services provider’s stock, valued at approximately $547,000.

A number of other hedge funds also recently made changes to their positions in the stock. Massachusetts Financial Services Co. MA raised its position in shares of Morningstar by 9.3% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,201,708 shares of the business services provider’s stock worth $383,489,000 after buying an additional 102,206 shares during the period. Wasatch Advisors LP lifted its stake in shares of Morningstar by 13.9% in the 3rd quarter. Wasatch Advisors LP now owns 696,023 shares of the business services provider’s stock valued at $222,115,000 after purchasing an additional 85,098 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Morningstar during the 4th quarter worth about $16,497,000. FMR LLC increased its position in Morningstar by 10.9% during the 3rd quarter. FMR LLC now owns 400,520 shares of the business services provider’s stock worth $127,814,000 after purchasing an additional 39,263 shares in the last quarter. Finally, DF Dent & Co. Inc. raised its holdings in Morningstar by 61.3% in the third quarter. DF Dent & Co. Inc. now owns 88,378 shares of the business services provider’s stock valued at $28,203,000 after buying an additional 33,595 shares during the period. Institutional investors and hedge funds own 57.02% of the company’s stock.

Insider Buying and Selling

In other Morningstar news, Chairman Joseph D. Mansueto sold 9,062 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $326.86, for a total value of $2,962,005.32. Following the sale, the chairman now owns 10,109,617 shares in the company, valued at approximately $3,304,429,412.62. This trade represents a 0.09 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold a total of 59,542 shares of company stock valued at $18,769,523 in the last quarter. Company insiders own 37.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on MORN shares. StockNews.com raised shares of Morningstar from a “hold” rating to a “buy” rating in a research report on Thursday, February 27th. BMO Capital Markets lowered their target price on Morningstar from $387.00 to $370.00 and set an “outperform” rating for the company in a research note on Monday, March 3rd.

Morningstar Price Performance

Shares of NASDAQ MORN opened at $286.94 on Friday. Morningstar, Inc. has a fifty-two week low of $278.64 and a fifty-two week high of $365.00. 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 $12.29 billion, a PE ratio of 37.90 and a beta of 1.23. The business has a 50 day moving average price of $318.39 and a two-hundred day moving average price of $328.72.

Morningstar (NASDAQ:MORN) last announced its quarterly earnings results on Wednesday, February 26th. The business services provider reported $2.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.99 by $0.15. Morningstar had a return on equity of 23.28% and a net margin of 14.69%. The business had revenue of $591.00 million for the quarter, compared to the consensus estimate of $580.81 million.

Morningstar Company 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.