8,600 Shares in Morningstar, Inc. $MORN Acquired by Caisse de depot et placement du Quebec

Caisse de depot et placement du Quebec acquired a new stake in shares of Morningstar, Inc. (NASDAQ:MORN - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 8,600 shares of the business services provider's stock, valued at approximately $1,342,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Morningstar by 23.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 178 shares of the business services provider's stock worth $53,000 after purchasing an additional 34 shares during the period. Quarry LP lifted its holdings in shares of Morningstar by 51.2% during the 4th quarter. Quarry LP now owns 189 shares of the business services provider's stock valued at $41,000 after acquiring an additional 64 shares in the last quarter. Diversify Advisory Services LLC boosted its position in Morningstar by 4.7% during the 3rd quarter. Diversify Advisory Services LLC now owns 1,641 shares of the business services provider's stock worth $350,000 after purchasing an additional 74 shares during the period. Diversify Wealth Management LLC boosted its position in Morningstar by 2.0% during the 4th quarter. Diversify Wealth Management LLC now owns 4,168 shares of the business services provider's stock worth $900,000 after purchasing an additional 82 shares during the period. Finally, Osterweis Capital Management Inc. acquired a new stake in Morningstar in the 2nd quarter valued at $29,000. 57.02% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. UBS Group decreased 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. Wall Street Zen cut shares of Morningstar from a "buy" rating to a "hold" rating in a research report on Saturday. Weiss Ratings upgraded shares of Morningstar from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Friday, August 14th. Rothschild & Co Redburn set a $210.00 price target on shares of Morningstar in a report on Thursday, June 18th. Finally, BMO Capital Markets reaffirmed an "outperform" rating and set a $212.00 price target on shares of Morningstar in a research note on Friday, June 26th. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $227.33.

Morningstar Price Performance

MORN opened at $217.65 on Monday. The firm has a market cap of $8.16 billion, a price-to-earnings ratio of 20.61 and a beta of 0.99. Morningstar, Inc. has a fifty-two week low of $141.49 and a fifty-two week high of $263.67. The company's 50-day moving average price is $184.22 and its 200 day moving average price is $178.08. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.66.

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

Insider Buying and Selling at Morningstar

In related news, Chairman Joseph D. Mansueto sold 5,659 shares of Morningstar stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $218.84, for a total value of $1,238,415.56. Following the sale, the chairman directly owned 7,938,192 shares in the company, valued at $1,737,193,937.28. This trade represents a 0.07% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 86,500 shares of company stock valued at $17,824,451. 38.80% of the stock is owned by company insiders.

Morningstar 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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