American Capital Management Inc. Takes Position in Morningstar, Inc. $MORN

American Capital Management Inc. purchased a new position in shares of Morningstar, Inc. (NASDAQ:MORN - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 114,947 shares of the business services provider's stock, valued at approximately $17,934,000. American Capital Management Inc. owned 0.31% of Morningstar as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of MORN. Grove Bank & Trust purchased a new position in shares of Morningstar in the 2nd quarter valued at about $25,000. Cassaday & Co Wealth Management LLC purchased 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 Morningstar in the third quarter valued at approximately $26,000. Osterweis Capital Management Inc. acquired a new stake in Morningstar in the second quarter valued at approximately $29,000. Finally, Quarry LP lifted 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 acquiring an additional 64 shares during the last quarter. 57.02% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Morningstar

In other Morningstar news, Chairman Joseph D. Mansueto sold 5,659 shares of the stock in a transaction on Monday, August 24th. The stock was sold at an average price of $218.84, for a total transaction of $1,238,415.56. Following the sale, the chairman owned 7,938,192 shares in the company, valued at approximately $1,737,193,937.28. This represents a 0.07% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 86,500 shares of company stock valued at $17,824,451 in the last quarter. 38.80% of the stock is owned by corporate insiders.

Morningstar Stock Performance

Shares of MORN opened at $212.44 on Thursday. The stock has a market capitalization of $7.97 billion, a P/E ratio of 20.12 and a beta of 0.99. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.06 and a current ratio of 1.06. Morningstar, Inc. has a 1 year low of $141.49 and a 1 year high of $265.73. The company's fifty day moving average is $181.64 and its two-hundred day moving average is $177.33.

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

Wall Street Analyst Weigh In

MORN has been the topic of a number of analyst reports. UBS Group cut their price target on Morningstar from $280.00 to $260.00 and set a "buy" rating on the stock in a research note on Tuesday, July 7th. Wall Street Zen raised Morningstar from a "hold" rating to a "buy" rating in a research report on Sunday, June 21st. BMO Capital Markets reiterated an "outperform" rating and issued a $212.00 price objective on shares of Morningstar in a report on Friday, June 26th. Rothschild & Co Redburn set a $210.00 target price on Morningstar in a research report on Thursday, June 18th. Finally, Weiss Ratings upgraded Morningstar from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Friday, August 14th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $227.33.

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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