Massachusetts Financial Services Co. MA Has $325.29 Million Stock Holdings in Morningstar, Inc. (NASDAQ:MORN)

Massachusetts Financial Services Co. MA boosted its stake in shares of Morningstar, Inc. (NASDAQ:MORN) by 0.4% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,099,502 shares of the business services provider’s stock after purchasing an additional 4,822 shares during the period. Massachusetts Financial Services Co. MA owned 2.57% of Morningstar worth $325,288,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Principal Securities Inc. acquired a new position in Morningstar during the fourth quarter valued at approximately $29,000. Blue Trust Inc. boosted its position in Morningstar by 326.9% during the second quarter. Blue Trust Inc. now owns 111 shares of the business services provider’s stock valued at $34,000 after purchasing an additional 85 shares during the last quarter. Crewe Advisors LLC acquired a new position in Morningstar during the second quarter valued at approximately $35,000. DT Investment Partners LLC acquired a new position in Morningstar during the second quarter valued at approximately $36,000. Finally, Acadian Asset Management LLC boosted its position in Morningstar by 73.8% during the second quarter. Acadian Asset Management LLC now owns 146 shares of the business services provider’s stock valued at $43,000 after purchasing an additional 62 shares during the last quarter. 57.02% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Insider Buying and Selling at Morningstar

In other Morningstar news, Director William M. Lyons sold 750 shares of the company’s stock in a transaction on Friday, June 28th. The shares were sold at an average price of $294.21, for a total value of $220,657.50. Following the transaction, the director now directly owns 15,840 shares in the company, valued at $4,660,286.40. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, Director Caroline J. Tsay sold 290 shares of the business’s stock in a transaction dated 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 owns 3,925 shares of the company’s stock, valued at $1,165,646.50. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director William M. Lyons sold 750 shares of the business’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 completion of the sale, the director now directly owns 15,840 shares of the company’s stock, valued at approximately $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 worth $19,488,988 over the last ninety days. Insiders own 39.90% of the company’s stock.

Morningstar Price Performance

NASDAQ:MORN opened at $317.10 on Tuesday. Morningstar, Inc. has a one year low of $219.45 and a one year high of $330.22. The company has a market cap of $13.55 billion, a P/E ratio of 64.06 and a beta of 1.18. The firm’s fifty day moving average price is $310.22 and its two-hundred day moving average price is $302.60. 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 (NASDAQ:MORN) last released its quarterly earnings data on Wednesday, July 24th. The business services provider reported $2.01 EPS for the quarter. Morningstar had a net margin of 11.34% and a return on equity of 22.34%. The firm had revenue of $571.90 million for the quarter.

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.