Morningstar, Inc. (NASDAQ:MORN) Stock Holdings Trimmed by Victory Capital Management Inc.

Victory Capital Management Inc. reduced its position in Morningstar, Inc. (NASDAQ:MORN) by 1.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,054 shares of the business services provider’s stock after selling 162 shares during the quarter. Victory Capital Management Inc.’s holdings in Morningstar were worth $4,158,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MORN. Norges Bank acquired a new position in Morningstar in the fourth quarter valued at approximately $85,814,000. M&G Plc acquired a new position in Morningstar in the first quarter valued at approximately $52,293,000. Wellington Management Group LLP boosted its stake in Morningstar by 45.9% in the fourth quarter. Wellington Management Group LLP now owns 509,486 shares of the business services provider’s stock valued at $145,835,000 after acquiring an additional 160,281 shares during the period. Norden Group LLC boosted its stake in Morningstar by 3,164.9% in the first quarter. Norden Group LLC now owns 129,257 shares of the business services provider’s stock valued at $39,860,000 after acquiring an additional 125,298 shares during the period. Finally, Confluence Investment Management LLC acquired a new position in Morningstar in the first quarter valued at approximately $20,986,000. 57.02% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, BMO Capital Markets reiterated an “outperform” rating and set a $352.00 price objective on shares of Morningstar in a research report on Wednesday, August 28th.

Insider Buying and Selling at Morningstar

In other news, Director Caroline J. Tsay sold 290 shares of the business’s stock in a transaction on Monday, June 24th. The shares were sold at an average price of $296.98, for a total transaction of $86,124.20. Following the transaction, the director now directly owns 3,925 shares in the company, valued at approximately $1,165,646.50. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, Director Caroline J. Tsay sold 290 shares of the company’s stock in a transaction on Monday, June 24th. The shares were sold at an average price of $296.98, for a total value of $86,124.20. Following the completion of the sale, the director now directly owns 3,925 shares in the company, valued at $1,165,646.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director William M. Lyons sold 750 shares of the company’s stock in a transaction dated Friday, June 28th. The shares were sold at an average price of $294.21, for a total transaction of $220,657.50. Following the sale, the director now owns 15,840 shares of the company’s stock, valued at $4,660,286.40. The disclosure for this sale can be found here. Insiders have sold a total of 63,231 shares of company stock valued at $19,488,988 in the last three months. 39.90% of the stock is currently owned by company insiders.

Morningstar Stock Performance

MORN opened at $317.10 on Tuesday. The company has a market capitalization of $13.55 billion, a price-to-earnings ratio of 64.06 and a beta of 1.18. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.05 and a quick ratio of 1.05. Morningstar, Inc. has a 1-year low of $219.45 and a 1-year high of $330.22. The business has a 50 day moving average price of $310.22 and a two-hundred day moving average price of $302.60.

Morningstar (NASDAQ:MORN) last posted its quarterly earnings results on Wednesday, July 24th. The business services provider reported $2.01 earnings per share (EPS) for the quarter. The company had revenue of $571.90 million for the quarter. Morningstar had a return on equity of 22.34% and a net margin of 11.34%.

Morningstar 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.